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Global Molecular Spectroscopy Market Industry Chain, Research, Dynamics and Forecast to 2024

09-20-2017 12:23 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Global Molecular Spectroscopy Market 2017– Industry Trends and Forecast to 2024

Global Molecular Spectroscopy Market 2017– Industry Trends and Forecast to 2024

Global Molecular Spectroscopy Market, By Type (Nuclear Magnetic Resonance (Continuous Wave, Fourier Transform, Solid State), UV-Vis, Infrared (IR), Near Infrared (NIR), Colour Spectroscopy, Raman Spectroscopy, Others), By Applications (Pharmaceuticals, Biotech, Food and Beverages, Environmental Testing, Academics, Others), By Geography (North America, South America, Europe, Asia-Pacific, Rest of the World) – Industry Trends and Forecast to 2024

Global Molecular Spectroscopy Market is expected to reach USD 6,443.5 million by 2024, from USD 3,959.8 million in 2016, growing at a CAGR of 6.3% in the forecast period. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are rising incidence of cancer, increasing acceptance of adaptive radiation therapy (ART), growing pool of geriatric population and increasing number of cancer treatment facilities. These factors increase the demand for radiotherapy devices. On the other hand, high cost of radiotherapy equipments and lack of skilled professionals may hinder the growth of the market.

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Global Molecular Spectroscopy Market Key Drivers:

• Infrared spectroscopy is revolving around two technological advantages, primarily a better approach between image formation and optics, which will enable a diffraction free image sample of the entire spectrum.
• Many companies are increasingly focusing on terahertz IR spectroscopy and handheld IR spectroscopy in order to strengthen their product portfolios in the molecular spectroscopy market.
• Development in the field of Raman spectroscopy is changing the trend for the administration of injections in the healthcare sector.

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Global Molecular Spectroscopy Market Segmentation:

The global molecular spectroscopy market is segmented on the basis of technology, type,application, and geography.Based on technology.
Based on product types, the IR spectroscopy market is segmented into bench top, infrared microscopy, portable,hyphenated and terahertz IR spectroscopy. Terahertz IR spectroscopy is the highest growing market segment.
The NIR spectroscopy is again further categorized into scanning, Fourier transform, portable/handheld and filter NIR spectroscopy. Based on product type, Raman spectroscopy is further segmented into micro Raman, probe based and FT Raman.

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About Data Bridge Market Research:

Data Bridge Market Researchset forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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Data Bridge is an organization lead by well versed forecasters, analysts and researchers who indulge in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. Data Bridge aims to make your organization well acquainted with profound knowledge of the global and local market statistics.

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