NMR Magnets Market - The Increasing Demand from The Pharmaceutical Sector
There are varieties of NMR techniques that are available and are used to acquire the desired results. In addition, Nuclear magnetic resonance is used in advanced medical imaging technique like magnetic resonance imaging (MRI). NMR is also used in vivo phosphorus NMR spectroscopy in which the chemical shift is used to provide an indication.
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On the basis of type Nuclear Magnetic Resonance (NMR) market has been segmented into resonance frequency and nuclei. By resonance frequency the market can be further segregated into sub-100 MHz, 300-400 MHz, 500 MHz, 600 MHz, 700-750MHz, 800-850 MHz and others. The global Nuclear Magnetic Resonance market can be categorized based on nuclei into 1H, 2H, 31P, 23 Na, 14N, 13C and 19F.
.The global market for Nuclear Magnetic Resonance market is expected to witness a progressive growth in the coming years. The increasing demand from the pharmaceutical sector is one of the key factors that is driving the growth of Nuclear Magnetic Resonance (NMR) market. In addition, the rising number of application in institutions is expected to generate a promising opportunities for market players in the global Nuclear Magnetic Resonance in the forecast period. However, the problem is to set up the small scale reaction in NMR lab because experience shows that experiment condition cannot be mimicked. The need for skilled professionals to operate this highly sophisticated system and the high cost of instruments are the factors that hinder the growth of the Nuclear Magnetic Resonance (NMR) market. Moreover, significant capital investment is required to purchase new systems due to which many customers are focusing on upgrading their existing equipment. Nevertheless, the technological developments and innovations is expected to fuel the growth of this market.
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The global Nuclear Magnetic Resonance market is segmented on the basis of end user and geography. On the basis of end user, the global Nuclear Magnetic Resonance (NMR) market is segmented into oil and gas, chemical and pharmaceutical among others. The pharmaceutical segment leads the market and is expected to have a promising growth in the coming years. The development in NMR magnets is attributable to the growing demand for these across various industries including oil and gas and academics. In academics, the NMR magnets are used in organic chemistry lab extensively for structure elucidation. European agencies have proactively funded NMR technology development and invested in the build out of academic core research facilities.
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