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Molecular Spectroscopy Market Overview by Bruker (US), Thermo Fisher Scientific, Inc. (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), and Shimadzu Corporation (Japan) Players Dominated by Pharmaceutical, Environmental Testing, Food and Beve

05-24-2019 12:53 PM CET | Health & Medicine

Press release from: ReportsnReports

Molecular Spectroscopy Market

Molecular Spectroscopy Market

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The growth of the overall molecular spectroscopy market can be attributed to the growing food safety concerns, the growth of the pharmaceutical and biotechnology industry, application of molecular spectroscopy in environmental screening and technological advancements in molecular spectroscopy. In the coming years, North America is expected to account for the largest share of the global molecular spectroscopy market.

“The pharmaceutical application is projected to grow at the highest CAGR during the forecast period”.

Molecular spectroscopy market is expected to experience the highest growth in the Asian region, especially in China and India. The high growth in these regions can be attributed to various factors such as improved funding scenario and collaborations of key players with complimentary companies as well as academic research institutes.

Molecular spectroscopy market, comprising instruments, consumables, and services, has witnessed various technological advancements. These advancements have led to a growth in the number of molecular spectroscopy applications. Molecular spectroscopy is increasingly being used in drug discovery and development, metabolomics and biomarkers research, and diagnostics.

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A number of factors such as new international GMP and GDP certifications for pharmaceutical excipients (EXCiPACT), global alliances amongst leading molecular spectroscopy market research institutes to boost drug discovery, growing food safety concerns, increasing life science and R&D spending, and technological advancement are driving market. However, dearth of skilled professional and the high cost of molecular spectroscopy instruments are factors that are hindering growth of this market.

Key factors propelling growth of molecular spectroscopy market are increased investments, funding, and grants by government bodies worldwide; ongoing new product launches; technological advancements; increase in the number of conferences, which helps to create awareness about molecular spectroscopy techniques; growing concerns over food and drug safety; and increasing use of molecular spectroscopy techniques in the fields of proteomics, biomarkers, and metabolomics.

Click Here for More Information on Molecular Spectroscopy Market by Technology (NMR (FT, Continuous Wave), UV-Visible (Array-based, Dual-beam), IR (Terahertz, Benchtop), NIR (FT-NIR), Raman (SERS, TERS, FT Raman)), Application (Pharmaceutical, Food, Biotechnology) - Global Forecast to 2022 Now at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=279845 .

The Infrared Spectroscopy (IR) market is further segment into market by spectrum and molecular spectroscopy market by technology. The IR market by spectrum includes short-wave Infrared, mid-wave Infrared, 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.

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