Molecular Spectroscopy Market worth $5.9 Billion by 2018

Thursday 17 April 2014, Amsterdam

$ The "Molecular Spectroscopy Market by Technology [NMR (FT, Continuous Wave), UV-Visible (Photodiode Array, Handheld), IR (Terahertz, Benchtop), NIR (FT-NIR) Raman (SERS, TERS, FT Raman)] & by Application (Pharmaceutical, Food) - Forecast to 2018”analyzes and studies the major market drivers, threats, opportunities, and challenges.

This report studies the global molecular spectroscopy market over the forecast period of 2013 to 2018. This market was valued at $4.3 billion in 2013 and is poised to grow at a CAGR of 6.7% from 2013 to 2018, to reach $5.9 Billion by 2018.

The global molecular spectroscopy market is segmented on the basis of products, applications, and geography. Based on products, the market comprises NMR Spectroscopy, Ultraviolet-Visible Spectroscopy (UV-Vis), Infrared Spectroscopy (IR), Near Infrared (NIR) Spectroscopy, Color Measurement Spectroscopy, Raman Spectroscopy, and others. The NMR Spectroscopy segment includes Continuous Wave NMR spectroscopy, Fourier Transform NMR spectroscopy, Solid-State NMR spectroscopy, and others. The Ultraviolet-Visible Spectroscopy (UV-Vis) segment comprises Single-beam UV-vis spectroscopy, Dual-beam UV-vis spectroscopy, Array-based UV-vis spectroscopy, handheld UV-vis spectroscopy, and others. The Infrared Spectroscopy (IR) market is further segment into market by spectrum and market by technology. The IR market by spectrum includes short-wave Infrared spectroscopy, mid-wave Infrared spectroscopy, and far-wave Infrared spectroscopy. The IR market by technology includes markets for benchtop, hyphenated, microscopy, portable, and terahertz spectroscopy. The Raman spectroscopy market is segmented by sampling technique and by technology.

Based on applications, the molecular spectroscopy market is segmented into pharmaceuticals, biotechnology & biopharmaceuticals, food & beverage testing, environmental testing, academic research institutes, and others. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of World (RoW). North America is the largest market for molecular spectroscopy, followed by Europe and Asia. However, the Asian market is slated to grow at the highest rate over the next five years.

In the coming years, the demand for molecular spectroscopy is likely to increase owing to a number of factors such as the stringent quality requirements for drugs and excipients, growing concerns for food safety, extensive usage of molecular spectroscopy technologies by the pharmaceutical industry for the development and quality control of drugs, technological advancements, and increasing life sciences R&D spending. These factors are propelling the growth of this market. However, the high cost of the systems and the need for skilled personnel to operate high-end systems are the major factors hindering the growth of this market.

The major players in this market include ABB Bomem, Inc. (U.S.), Agilent Technologies (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), FOSS (Denmark), JASCO International Co., Ltd. (Japan), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), and JEOL, Ltd. (Japan).