Molecular Spectroscopy Market Scope, Growth, Size and Share by 2030
Molecular Spectroscopy Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 3.81 Billion |
Market Size by 2030 | US$ 5.59 Billion |
Global CAGR (2022 - 2030) | 4.9% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industry Developments and Future Opportunities:
A few strategic developments by leading players operating in the molecular spectroscopy market are listed below:
- In March 2023, NJ Biopharmaceuticals LLC and JEOL Ltd. announced their collaboration to bring innovative drug discovery platform solutions using JEOL’s 800 MHz NMR. NJ Bio contributed its expertise in antibody-drug conjugates, oligonucleotide conjugates, and other chemistries to develop platform solutions for its drug discovery clients—in particular, a platform for using NMR-derived structural information to optimize Targeted Protein Degraders (TPDs).
- In December 2023, NMR spectroscopy solutions for life and materials research were primarily provided by Bruker Corporation, which announced the successful installation of a 1.2 GHz NMR system at the Ohio State University’s National Gateway Ultrahigh Field NMR Center. Modern equipment that makes it possible to conduct high-resolution liquid and solid-state NMR studies is the 1.2 GHz AVANCE NMR spectrometer. Researchers at Ohio State and around the US will use it to investigate biological molecules’ structure and dynamics as well as cutting-edge materials, like those used in batteries, to better understand the underlying causes of illnesses such as cancer, heart disease, viral infections, and Alzheimer’s disease.
- In December 2023, Shimadzu Corp, a leading manufacturer of precision instruments, measuring instruments, and medical equipment, released the IRSpirit-X series of Fourier transform infrared (FTIR) spectrophotometers, including the IRSpirit-LX, IRSpirit-TX, and IRSpirit-ZX. The entry-level IRSpirit-LX and the IRSpirit-TX have the highest sensitivity for a small FTIR*3, and the IRSpirit-ZX has a capacity for stable measurements in high-temperature and high-humidity regions due to more moisture-resistant components.
- In December 2023, Shimadzu Corp launched the GCMS-QP2050 quadrupole gas chromatograph mass spectrometer. Gas chromatograph mass spectrometers (GC-MS) analyze the type and amount of chemicals in a sample by splitting it at the atomic and molecular levels. GC-MS systems are used to test pesticides and other controlled environmental contaminants, as well as for quality control and commercial development of food and chemical products.
Competitive Landscape and Key Companies:
Bruker Corporation, Jasco Corp, Shimadzu Corp, JEOL Ltd, Teledyne Princeton Instruments Inc, Agilent Technologies Inc, Oxford Instruments Plc, Ostec Instruments, Revvity Inc, Merck KGaA, Silios Technologies SA, Thermo Fisher Scientific Inc, and Horiba Ltd are among the prominent companies profiled in the molecular spectroscopy market report. These companies focus on developing new technologies, upgrading existing products, and expanding their geographic presence to meet the growing consumer demand worldwide.