Global nuclear magnetic resonance spectroscopy market size was valued at 657.54 million in 2021 and is expected to reach over USD 1,034.14 Million by 2030, growing at a 5.2% CAGR during the forecast period.
Polaris Market Research recently published [115+ Pages] research report on “Nuclear Magnetic Resonance Spectroscopy Market Share, Size, Trends, Industry Analysis Report, By Type (Low field, High-field); By Product (Instruments, Consumables); By End-Use; By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global nuclear magnetic resonance spectroscopy market size was valued at 657.54 million in 2021 and is expected to reach over USD 1,034.14 Million by 2030, growing at a 5.2% CAGR during the forecast period.
What is Nuclear Magnetic Resonance Spectroscopy? How Big is Nuclear Magnetic Resonance Spectroscopy Market Size?
Nuclear magnetic resonance spectroscopy is a novel characterization procedure. It is utilized to illuminate the mixture of carbon atoms and crystals, also non-crystals. Also, this spectroscopy is used to regulate the molecular structure at the atomic level of a sample. Nuclear magnetic resonance spectroscopy can also be implemented in clinical diagnostic imaging.
Moreover, nuclear magnetic resonance spectrometers are implemented in research activities to evaluate the purity, content, and molecular composition of samples and for quality control of the samples. The capacity of nuclear magnetic resonance spectroscopy to decide the content and examine purity in the sample is expected to propel the industry. Also, technical advancements in the healthcare sector are another factor responsible for uplifting the nuclear magnetic resonance spectroscopy market demand.
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Key Highlights of the Report
Some of the Top Market Players Are:
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Growth Driving Factors
The nuclear magnetic resonance spectroscopy market share is uplifting due to increasing infectious diseases that include Parkinson’s disease, tuberculosis, malaria, and cardiovascular illnesses among the geriatric population. Also, rising government initiatives towards this industry are anticipated to accelerate the market during the forecast period. Technology advancement in medical imaging, including CT scans, MRI, X-rays, and ultrasound, is predicted to drive the industry.
Furthermore, this spectroscopy has a comprehensive application in determining DNA and protein structure, solution structure, hydrogen bonding, drug screening, and metabolite analysis which is fuelling the global market growth. Growing penetration in biochemical and chemical labs to analyze the attributes of organic molecules is anticipated to uplift the nuclear magnetic resonance spectroscopy market size at a significant rate.
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Recent Developments
Segmental Analysis
On the basis of type, the high-field segment dominated the market in 2021 due to its better vulnerability and objectives. Also, the dominating factor included in this report is growing demand because of its acceptance in many sectors, such as imaging, biology, and chemical analysis, due to its superior magnetic field.
On the basis of product, the nuclear magnetic resonance spectroscopy market segmentations are classified into instruments and consumables. The instruments segment is predicted to grow at a considerable rate due to its comprehensive use in research and medical clinics. In addition, the increasing innovation and development to make instruments that are compact, efficient, portable, and provide exact results are propelling the industry.
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Nuclear Magnetic Resonance Spectroscopy Market: Report Scope
Report Attribute | Details |
Market Outlook for 2030 | USD 1,034.14 Million |
Market Size 2022 Value | USD 690.68 Million |
Expected CAGR Growth | 5.2% from 2022 – 2030 |
Base Year | 2021 |
Forecast Year | 2022 – 2030 |
Top Market Players | Advanced Magnetic Resonance Limited, Anasazi Instruments, Inc., Applied Rigaku Technologies, Inc., Bourevestnik, Bruker, Dandong Dongfang Measurement & Control Technology Co, Ltd, Fast ComTec GmbH, Fischer Technology Inc., Hefei Jingpu Sensor Technology Co, Ltd, Hitachi, Ltd, Horiba ltd, JEOL Ltd, Magritek, Malvern Panalytical Ltd, Nanalysis Corp, Olympus Corporation, Oxford Instruments, Spectro Analytical Instruments GmbH, Suzhou Lanscientific co ltd, Thermo Fisher Scientific Inc. |
Segments Covered | By Type, By Product, By End-Use, By Region |
Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Geographic Overview
On a geographical basis, the nuclear magnetic resonance spectroscopy market in the Asia Pacific region is expected to grow at a significant rate over the foreseen period. The factors responsible for the region’s highest market share are the increasing biomedical research and raw material availability in the pharmaceutical and biotechnological market in countries like India, China, and Japan. Also, this market has huge demand in the food sector, and increasing concern regarding food preservation is anticipated to uplift the industry over foreseen period.
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Key Questions Answered in The Report Include:
Polaris Market Research has segmented the Nuclear Magnetic Resonance Spectroscopy market report based on, type, product, end-use, and region:
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Jan 23, 2023