Groundbreaking Innovations Transforming the Spectrometry Industry: A 2023-2030 Market Research Report

Spectrometry Industry Data Book | Forecast 2030

Spectrometry Industry Data Book - Spectrometry, Mass Spectrometry, NMR Spectroscopy, Near-Infrared Spectroscopy and In-line UV-vis Spectroscopy Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s Spectrometry Industry databook is a collection of market sizing & forecast insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research. The following data points will be included in the final product offering in five reports and one sector report overview.


Access the Global Spectrometry Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

 

Spectrometry Market Report Highlights

The global spectrometry market size is expected to reach USD 24.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2021 to 2028.

  • The Mass Spectrometry (MS) segment is anticipated to witness the fastest CAGR during the forecast period owing to continuous advancements in the technology

 

  • The MALDI-TOF MS is a major contributor to the high growth of the MS segment, owing to the introduction of new accessories for MALDI-TOF MS which expands the application range of this technology

 

  • The instrument segment dominated the market in 2020. The key players offering extensive instruments for specialized application contribute to the large segment share

 

  • Although the availability of various spectrometers is high, many research entities are unable to adopt them owing to a high cost of systems and lack of skilled professionals

 

  • Therefore, research entities approach organizations that offer spectroscopy services, which, in turn, is expected to drive the services segment over the forecast period

 

  • Pharmaceutical analysis occupied a major portion of the revenue generated by the application segment as spectrometer is commonly used in the quality assurance and quality control departments of pharmaceutical companies

 

  • Additionally, ongoing innovation in the technology specialized for pharmaceutical application contributes to the fastest growth of the segment

 

Order your copy of the Free Sample of “Spectrometry Industry Data Book - Spectrometry, Mass Spectrometry, NMR Spectroscopy, Near-Infrared Spectroscopy and In-line UV-vis Spectroscopy Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030”, Data Book published by Grand View Research

 

Mass Spectrometry Market Report Highlights

The global mass spectrometry market size is projected to reach USD 9,697.0 million by 2030, at a CAGR of 8.06% over the forecast period, according to a new report by Grand View Research, Inc.

  • The instruments segment held the largest revenue share of 77.39% in 2022. This instrument segment drives the mass spectrometry industry as spectrometers offer a wide range of applications in the biotechnology sector for diagnostics and drug development
  •  
  • Quadrupole liquid chromatography-mass spectrometry dominated the market in 2022 with a share of 37.09%. This is due to the significant advantages in accuracy and in-depth analysis offered by the technology
  •  
  • By application, proteomics accounted for the largest share of 46.69% in 2022. The rising prevalence of infectious disease globally and efficient testing alternatives offered by mass spectrometry-based diagnostic techniques are driving the segment
  •  
  • North America held the largest revenue share of 41.94% in 2022, due to the presence of an established healthcare sector and key players such as Thermo Fisher Scientific, Inc.; Agilent Technologies, Inc.; Bruker Corporation; Danaher Corporation, and others in the region
  •  
  • The pharmaceutical and biotechnology companies segment held the largest revenue share of 43.98% in 2022. This is due to the rapid increase in research and development activities in recent years

 

Nuclear Magnetic Resonance Spectroscopy Market Report Highlights

The global nuclear magnetic resonance spectroscopy market size is expected to reach USD 1,025.3 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.1% from 2023 to 2030.

  • By product, the instruments segment held the dominant share of the NMR spectroscopy industry, owing to the increasing demand by universities and research centers for high-field NMR spectroscopy

 

  • The steadily increasing scope of the product has a significant impact on the market. For instance, solid-state NMR spectroscopy (SSNMR) is considered an analytical tool for drug characterization, hence propelling the market growth

 

  • By type, the high-field NMR spectroscopy segment dominated the market in 2022, since it offers better sensitivity to the researchers

 

  • By end-use, the academic segment held a larger share in 2022; numerous universities employ NMR analysis to enhance chemical identification in pharmaceutical and chemical industries

 

  • North America held a substantial share in the global market in 2022 due to the presence of a large number of universities and increasing funding support by the government to enhance research infrastructure

 

  • The Asia Pacific region is projected to grow considerably in the future, owing to the rising availability of raw materials and increasing biomedical research in the pharma and biotech industry

 

Go through the table of content of Spectrometry Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

Near-infrared Spectroscopy Market Report Highlights

The global near-infrared spectroscopy market size is expected to reach USD 806.4 million by 2030, registering a CAGR of 5.8% over the forecast period.

  • The Fourier Transform-based (FT-NIR) spectrometers product segment held the major revenue share owing to the high accuracy in the material testing and verification
  • The particle measurement application segment had a substantial share in 2022 due to strict measures by emerging countries for dealing with counterfeited medicines
  • The portable near-infrared spectroscopy type segment is anticipated to register the fastest CAGR during the forecasted period
  • MicroPHAZIR RX analyzer by Thermo Fisher Scientific is one of the portable NIR spectrometry that can analyze various applications
  • Europe dominated the global industry in 2022 due to the establishment of a large number of pharmaceutical manufacturers and strict regulations for quality-check as a part of GMP compliance
  • Asia Pacific is estimated to grow at the fastest CAGR over the forecasted period owing to the expansion of the semiconductors industry in emerging regions, such as India

 

In-line UV-vis Spectroscopy Market Report Highlights

The global in-line UV-vis spectroscopy market size is expected to reach USD 1,872.9 million by 2030, registering a CAGR of 6.69% over the forecast period, according to a new report by Grand View Research, Inc.

  • The color measurement segment accounted for the largest share in 2022. A large number of operating suppliers and high penetration of products in this segment have resulted in the dominance of this segment

 

  • Measurement of chemical concentration also accounted for a significant revenue share in 2022. An increase in demand for real-time analytical tools that monitor fermentation and bioprocesses in food & biological applications is expected to propel industry growth

 

  • The painting & coating industry end-user segment held the largest share in 2022 due to the rapid growth of the paint and coatings industry

 

  • The chemical industry segment is expected to grow at the fastest CAGR from 2023 to 2030. The high use of spectroscopy for monitoring wet chemical processes has boosted the revenue growth of the segment

 

  • North America dominated the global industry in 2022 owing to the presence of highly regulated industries in the U.S. and the growing demand for robust technologies

 

  • The rising adoption of spectroscopy services in countries like India, Singapore, and South Korea is expected to drive the Asia Pacific region at a lucrative CAGR from 2023 to 2030

 

Competitive Landscape


Competitive rivalry in the spectrometry industry is moderate to high due to the presence of a large number of both well-established players and small- to mid-sized manufacturers and distributors in the market space. Some of the major players are Danaher Corporation, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Waters Corporation, Shimadzu Corporation, Bruker Corporation, and JEOL Ltd among many others. These market players are involved in the development of advanced spectrometry products as well as services. To maintain a significant share in the market, key participants are undertaking various initiatives and implementing business strategies, such as product launches, product portfolio expansion, reinforcement and stabilizing the distribution network, and manufacturing capacity expansion and geographic reach expansion through acquisitions, collaborations, and partnership.

 

Check out more Industry Data Books, published by Grand View Research

 

About Grand View Research

 

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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