DUBLIN, September 13, 2017
DUBLIN, September 13, 2017 /PRNewswire/ --
The "Molecular Spectroscopy Market by Technology (NMR (FT, Continuous Wave), UV-Visible (Array-based, Dual-beam), IR (Terahertz, Benchtop), NIR (FT-NIR), Raman), Application (Pharmaceutical, Food, Biotechnology) - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global molecular spectroscopy market is expected to reach USD 6.85 Billion by 2022 from USD 4.98 Billion in 2017, at a CAGR of 6.6%
The growth of this market is majorly driven by food safety concerns, the growth of the pharmaceutical and biotechnology industry, technological advancements in molecular spectroscopy and application of molecular spectroscopy in environmental screening. However, the high cost of equipment is likely to restrain the growth of the molecular spectroscopy market during the forecast period.
The increasing funding for environmental protection and an increase in research funding in a number of countries such as the US and Canada, will open new opportunities for market players. For instance, in 2016, in the US, the Annual Performance Plan and Budget of USD 8.267 billion was increased by USD 127 million above the previous year (USD 8.139 billion). The increased funding was allocated for the purchase of new instruments for testing high-hazard samples. Also, in March 2016, the Minister of State for Science and Technology announced an investment of USD 23 million for supporting 95 research projects at 26 universities across Canada.
The report analyzes the molecular spectroscopy market by technology, application, and region.
As of 2016, the global molecular spectroscopy market was dominated by Bruker (US), Thermo Fisher Scientific, Inc. (U.S), PerkinElmer, Inc. (US), and Agilent Technologies, Inc. (US). These companies accounted for a majority share of the global molecular spectroscopy market in 2016. The other players involved in this market include Shimadzu Corporation (Japan), Danaher Corporation (US), ABB (Switzerland), Merck KGaA (Germany), JEOL Ltd. (Japan), FOSS (Denmark), JASCO, Inc. (US), and HORIBA Ltd. (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Molecular Spectroscopy Market, By Technology
7 Molecular Spectroscopy Market, By Application
8 Molecular Spectroscopy Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jhvdt8/molecular
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