Molecular Spectrometry Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Molecular Spectrometry Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : November, 2020 | Medical Devices | PPT format

Report Digest


Global Molecular Spectrometry Market: Snapshot 

Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule’s energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation redirects radiation and may also cause transition between energy levels. 

When atoms or molecules soak light, the coming energy stimulates the structure to a higher energy level. The type and level of stimulation depends on the wavelength of light. Electrons move to higher orbitals by visible light, rotations are stimulated by microwaves, and vibrations are stimulated by infrared light.

Atoms or molecules can move from high energy levels to lower levels by emission. Light emission from a high-temperature energy source is termed atomic or optical emission and for atoms stimulated with light it is called atomic fluorescence. The transition of molecules between states of spin is called fluorescence and it is called phosphorescence if the transition is between molecules of different spin. 

The transfer of electromagnetic radiation in matter mostly occurs in original direction, but part of it is scattered in other directions as well. Light that is dispersed as incoming light at the same wavelength is called Rayleigh scattering. Light that is dispersed in transparent solids due to phonons is termed Brillouin scattering. On the other hand, light that is dispersed due to vibrations in molecules is termed Raman scattering.

Increased investments by several prominent healthcare industry players for the research and development of new technology is the primary driver for this molecular spectrometry market.

Global Molecular Spectrometry Market: Overview 

Spectrometry refers to an analytical technique to classify elements and compounds by measuring the radiant energy emitted by a substance due to excitation by an external energy source. In the past few decades, spectrometry instruments have played a pivotal role in analytical and life science industry. Molecular spectrometry is frequently used to understand the arrangement and structure of atoms and electrons within a molecule, and aids in determining variety of molecular properties such as dipole and quadrupole. With the healthcare industry expanding exponentially and application of molecular spectrometry in several other industries, the global molecular spectrometry market is estimated for a healthy growth rate during the forecast period of 2017 to 2025. 

By technology, the global molecular spectrometry market can be broadly classified into nuclear magnetic resonance spectrometry, ultraviolet visible spectrometry, infrared molecular spectrometry, and raman spectrometry. By application, the market encompasses segments of pharmaceuticals, biotechnology, food & beverage testing, environmental testing, and research institutes for analyzing known and unknown samples. 

Global Molecular Spectrometry Market: Trends and Opportunities

 Nuclear magnetic resonance (NMR) spectrometry is used to analyze structure, solubility, and diffusion properties of molecules, besides proving access to DNA and protein sequence in biological and clinical related application. For instance, Agilent technologies launched ProPulse NMR system in 2013, while Thermo Fisher Scientific introduced the PicoSpin 80 the same year, a portable NMR spectrometer. Moreover, an infrared spectrometry analyzes the infrared interaction of molecule and has major application in organic and inorganic chemistry such as identifies the impurities in compounds and functional group determination. By technology the infrared spectrometry can sub-categorized into benchtop, portable, hyphenated and Terahertz. 

The growing inclination among pharmaceutical companies towards international GMP and GDP certifications for drugs and excipients, increasing demand for spectrometry instruments in drug development and quality control, and growing concerns for food and safety are some of the other factors that augur well for the future of global molecular spectrometry market. However, the report points out high cost of instrument and the need for skilled operator are two of the most prominent factors that are expected to hinder the growth rate during the forecast period. 

Global Molecular Spectrometry Market: Overview of the Leading Regions

Geographically, the report studies the market for molecular spectrometry in the regions of North America, Europe, Asia Pacific, and rest of the world. Currently, North America is detected as the most lucrative regional market, driven by developed economies of the U.S. and Canada that have robust healthcare infrastructure as well as funding and sponsorships offered by several national level research institutes and government agencies. The report also projects the region of Asia Pacific to extend the demand quickly during the forecast period due to increasing penetration of global pharmaceuticals and research organizations in emerging countries such as India. 

Agilent Technologies, Bruker Corporation, JASCO International Co., Ltd., Shimadzu Corporation, Shimadzu Corporation, FOSS Company, and PerkinElmer, Inc. are some of the prominent companies currently operation in molecular spectrometry market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?