The global molecular spectroscopy market is projected to be valued at USD 4.68 Billion in 2016 and is expected to grow at a CAGR of 6.6% to reach to USD 6.85 Billion by 2022. The growth of the overall molecular spectroscopy market can be attributed to the growing food safety concerns, the growth of the pharmaceutical and biotechnology industry, application of molecular spectroscopy in environmental screening and technological advancements in molecular spectroscopy.

In the coming years, North America is expected to account for the largest share of the global molecular spectroscopy market. However, the high cost of equipment is likely to restrain the growth of the market during the forecast period. Base year considered for the report is 2016 and the forecast period includes 2017–2022.

molecular-spectroscopy-market

Molecular Spectroscopy Market, by Technology 

• Nuclear Magnetic Resonance (NMR) Spectroscopy
  • Continuous-wave (CW) NMR Spectroscopy
  • Fourier-transform NMR Spectroscopy (FTS)
  • Solid-state NMR Spectroscopy (SSNMR)
• UV-Visible Spectroscopy
  • Single-beam UV-Visible Spectroscopy
  • Dual-beam UV-Visible Spectroscopy
  • Array-based UV-Visible Spectroscopy
• Infrared (IR) Spectroscopy
  • IR Spectroscopy, by Spectrum
    • Mid-wave Infrared Spectroscopy
    • Short-wave Infrared Spectroscopy
    • Far-wave Infrared Spectroscopy
• IR Spectroscopy, by Type
  • Benchtop
  • Hyphenated
  • IR Microscopy
  • Portable & Handheld
  • Terahertz
• Near-infrared Spectroscopy
  • Scanning
  • Fourier-transform
  • Filter or AOTF
• Color Measurement Spectroscopy
• Raman Spectroscopy
  • Raman Spectroscopy, by Sampling Technique
    • Surface-enhanced Raman Scattering
    • Tip-enhanced Raman Scattering
    • Other Sampling Techniques
  • Raman Spectroscopy, by Type
    • Micro-Raman Spectroscopy
    • Probe-based Raman Spectroscopy
    • FT-Raman Spectroscopy
• Other Technologies (Fluorescence Spectroscopy and Hybrid Spectroscopy)

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The NMR spectroscopy segment is expected to account for the largest share of the molecular spectroscopy market in 2017, owing to its increased use in determining the structure of organic compounds. Based on application, the molecular spectroscopy market is segmented into pharmaceutical application, environmental testing, food and beverage testing, biotechnology and biopharmaceutical application, academic research and other applications.

Geographically, North America is estimated to account for the largest share of the global market, followed by Europe. Growing funding for environmental testing, growing food safety concerns in the US are one of the major factors driving the growth of the market. Growing funding for R&D and infrastructural development in Canada will also drive market growth during the forecast period.

Know more in detail analysis of Molecular Spectroscopy Market by Technology (NMR (FT, Continuous Wave), UV-Visible (Array-based, Dual-beam), IR (Terahertz, Benchtop), NIR (FT-NIR), Raman (SERS, TERS, FT Raman)), Application (Pharmaceutical, Food, Biotechnology) – Global Forecast to 2022.

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