Rise in Demand from Pharmaceutical Sector Expected to Drive World Nuclear Magnetic Resonance Spectrometer Market over the Forecast Period: Ken Research
Nuclear Magnetic Resonance (NMR) spectrometer is a powerful & theoretically complex analytical tool, used in quality control & research for determining the content and pureness of a sample as well as its molecular structure. It is used in various fields like physics, biological studies physical chemistry, food industry and pharmaceutical industry. It allows the sample of 10mg which is not destroyed in the process, gives feature property of the molecules structure and also used the union with other type’s spectroscopy & chemical analysis with completed molecules structure. NMR can quantitatively evaluate mixtures containing known compounds. For unknown compounds, it can either be used to infer the basic structure directly or match against spectral libraries. Once the basic structure is known, it can be used to govern molecular conformation in solution as well as reviewing physical properties at the molecular level for instance conformational exchange, solubility, phase changes, and diffusion. In order to achieve the desired results, various NMR techniques are available.
According to study, “World Nuclear Magnetic Resonance Spectrometer Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world nuclear magnetic resonance spectrometer market are Bruker, Thermo Fisher Scientific Inc., JEOL Ltd., Ocean Optics Inc., Agilent Technologies, Merck Group, Nanalysis, Magritek Ltd, Oxford Instruments, Angstrom Advanced Inc., Shanghai Huantong, Acorn NMR, Inc., Spinlock, Anasazi Instruments, Spectral Data Services, Inc.
Based on product type, nuclear magnetic resonance spectrometer market is segmented into sub-100MHz, 300-400 MHz, 500 MHz, 600 MHz, 700-750 MHz, 800-850 MHz and 900+ MHz. Based on nuclei, market is segmented into 1H, 2H, 31P, 23 Na, 14N, 13C and 19F. In addition, based on application, market is segmented into academic, chemical industry, pharmaceutical & biotechnology industries, oil & gas industry and agriculture & food industry. In pharmaceutical industry, NMR spectrometer is used for magnetic resonance imaging and produce metabolic thumbprints from biological fluids for grating the information on disease states or toxic insults. Additionally, in industrial segment, it is used in big range of sample analysis like single seeds of corn analysis and food analysis.
The nuclear magnetic resonance spectrometer market is driven by rise in focus on drug discovery & development, followed by increase in investments in biomedical industry, growth in demand for portable instruments, increase in demand for instruments for personalized medicine, rise in demand from pharmaceutical sector and increase in number of application in institutions. However, high cost of NMR spectrometers and lack of trained professional may impact the market. Moreover, increase in use of hyphenated technology is a key trend for market.
Based on geography, the Europe holds major share, followed by USA in nuclear magnetic resonance spectrometer market owing to its strong country specific funding in the region. Japan and China countries are expected to witness higher growth rate due to increase in investment scenario and collaboration of key players with complimentary companies. In 2019, the market revenue value was US $110 million and it is anticipated that revenue will be reached at US $130 million by 2024, at a CAGR of 4.0%, over the forecast period.
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications