Global Molecular Spectroscopy Market Is Expanding Owing To Increasing Technological Advancements

Molecular Spectroscopy Market
Molecular Spectroscopy Market

Overview:

Molecular spectroscopy involves measuring absorption or emission of radiation and interpreting the results. The most common spectroscopic techniques are absorption, emission and Raman optical activity spectroscopy. Molecular spectroscopy can be applied to both gases and solids. The molecular spectroscopy experiments measure the interaction between electromagnetic radiation and the molecules of the sample.

These interactions give rise to specific energy levels. These molecular energy levels can be recorded as a spectrum. This information can then be used to identify the sample substance. There are many types of molecular spectroscopic measurements.

These can be classified by the type of interaction that causes a change in the radiation’s wavelength. Some spectroscopic methods provide highly unique spectra that are very useful for compound identification, while others are less open to interpretation and structure assignment.

The Molecular Spectroscopy Market was valued at US$ 2,640.7 million in 2021 and is anticipated to grow at a CAGR of 4.2% from 2022 to 2028 to reach US$ 3,499.9 million.

Market Dynamics:

Rising product launches are estimated to augment growth of the global Molecular Spectroscopy Market during the forecast period. For instance, the minispec Droplet Size Analyzer 2.0, was launched by a pharmaceutical company Bruker Corporation, in their minispec nuclear magnetic resonance (NMR) portfolio, in May 2022.

It offers a non-invasive, fast hid and accurate for supporting texture and stability analysis in cosmetics and food. Moreover, rising cost related to molecular spectroscopy system and lack of skilled professionals is anticipated to restrain growth of the global molecular spectroscopy for market during the forecast period.

Impact of COVID-19:

The pandemic was declared as global public health emergency by the WHWHO in 2020. It affected several nations like China, Italy, the US, Australia, the UK, and many more. This outbreak also hampered many businesses owing to shortage of raw materials in many sectors. Several disruptions were caused in supply chains, which affected many businesses.

The pandemic had a beneficial impact on the global molecular spectroscopy for market, as it was used for several research activities. Many pharmaceutical companies, and research organizations were trying to discover new drugs, vaccines, and other treatment options for battling COVID-19. This had a positive impact on the market.

Key Takeaways:

The global Molecular Spectroscopy Market is expected to witness high growth, exhibiting CAGR of 4.2 % over the forecast period, due to increasing acquisition by key players. For instance, Danaher Corporation acquired Aldevron, in August 2021. The company will be branded into the Life Science segment of Danaher Corporation and it will be operating as a standalone company.

North America is anticipated to witness significant growth in the global molecular spectroscopy for market during the forecast period, due to growing presence of develop technologies and increasing finding for environmental testing.

Key players operating in the global Molecular Spectroscopy Market are Yokogawa Electric Corporation, ABB Group, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Shimadzu Corporation, Bruker Corporation, Sartorius AG, Buchi Labortechnik AG, Kett Electric Laboratory, Danaher Corporation, Kaiser Optical Systems, Inc., Foss, and HORIBA, Ltd.

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