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Molecular Spectroscopy Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2024
Molecular Spectroscopy Market
Market Dynamics: Global Molecular Spectroscopy Market
Global molecular spectroscopy market is driven by the rapid spread of molecular spectroscopy into various application areas, and growth in pharmaceutical and biotechnological industries worldwide. In addition, technological advances in spectroscopy that helps in analysis of nucleic acids, proteins and increase in R&D activities that uses molecular analysis are expected to boost the global molecular spectroscopy market over the forecast period. However, high cost of devices and lack of skilled professionals to use the molecular spectroscopy are expected to hamper the growth of the market during the forecast period.
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Market Segmentation: Global Molecular Spectroscopy Market
Global molecular spectroscopy market has been segmented based on type and application
Based on type, global molecular spectroscopy has been segmented into
• Infrared (IR) Spectroscopy
• Visible/Ultraviolet (UV) Spectroscopy
• Flame Spectroscopy
• Near-infrared Spectroscopy
• X-Ray Spectroscopy
• Nuclear Magnetic Resonance Spectroscopy (NMR Spectroscopy)
• Others
Based on application, global molecular spectroscopy market has been segmented into
• Pharmaceutical Applications
• Biotechnology & Biopharmaceutical Applications
• Food & Beverage Testing
• Environmental Testing
• Academic Research
• Other Applications
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Market overview: Global Molecular Spectroscopy Market
Global molecular spectroscopy market is charectorised by presence of many market players and highly fragmented. Market players are adopting innvoation of new products and geographically expanding their market to get competitive advantage. For instance, In august 2017, PerkinElmer, Inc., launched Spectrum Two N FT-NIR system designed for use in spectroscopy analysis on a wide range of food, industrial and pharmaceuitical samples. Furthermore, to increase their R&D and product portfolio companies adapting strategies such as acquisition and mergers. For instance, in july 2017, Agilent Technologies Inc. acquired Cobalt Light Systems, provider of raman spectroscopic instruments for pharmaceuitical industry, applied markets and public safety to expand the market share.
Region Overview: Global Molecular Spectroscopy Market
Geographically, global molecular spectroscopy market is segmented into following regions, viz. North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe. North America and Europe are expected to be major market for global molecular spectroscopy owing to factors such as increase in R&D in pharma and biopharmaceutical fields, rise in food safety concerns. Asia Pacific expected to be fastest growing market for molecular spectroscopy owing to increase in R&D activities and many of the pharma and bio pharma companies are outsourcing the manufacturing to the emerging markets such as China and India.
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Market Participants: Global Molecular Spectroscopy Market
Some of the players in global molecular spectroscopy market are Avantes (Netherlands), Agilent Technologies (U.S.), Bruker Corporation (U.S.), Ibsen Photonics A/S (Denmark), Carl Zeiss AG (Germany), Magritek (New Zealand), PerkinElmer Inc. (U.S.), Merck Millipore (U.S.), Shimadzu Corporation (Japan), Viavi Solutions (U.S.), and Thermo Fisher Scientific (U.S.) to name a few
Key Market Developments: Global Molecular Spectroscopy Market
• In May 2012, Thermo Fisher scientific Inc. launched Nicolet iS50 FT-IR spectrometer to help laboratories to solve analytical challengers with unprecedented ease
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2024)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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