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Molecular Spectroscopy Market worth $5.9 Billion by 2018

Molecular Spectroscopy Market by Technology [NMR (FT, Continuous Wave), UV-Visible (Photodiode Array, Handheld), IR (Terahertz, Benchtop), NIR (FT-NIR) Raman (SERS, TERS, FT Raman)] & by Application (Pharmaceutical, Food) - Forecast to 2018

 
PRLog - Apr. 24, 2014 - DALLAS -- The "Molecular Spectroscopy Market by Technology [NMR (FT, Continuous Wave), UV-Visible (Photodiode Array, Handheld), IR (Terahertz, Benchtop), NIR (FT-NIR) Raman (SERS, TERS, FT Raman)] & by Application (Pharmaceutical, Food) - Forecast to 2018analyzes and studies the major market drivers, threats, opportunities, and challenges.

Browse 90 market data tables, 17 figures spread through 295 pages and in-depth TOC on “Molecular Spectroscopy Market”
http://www.marketsandmarkets.com/Market-Reports/molecular-spectroscopy-market-50034395.html (http://www.marketsandmarkets.com/Market-Reports/molecular-spectroscopy-market-50034395.html)

This report studies the global molecular spectroscopy market over the forecast period of 2013 to 2018. This market was valued at $4.3 billion in 2013 and is poised to grow at a CAGR of 6.7% from 2013 to 2018, to reach $5.9 Billion by 2018.

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The global molecular spectroscopy market is segmented on the basis of products, applications, and geography. Based on products, the market comprises NMR Spectroscopy, Ultraviolet-Visible Spectroscopy (UV-Vis), Infrared Spectroscopy (IR), Near Infrared (NIR) Spectroscopy, Color Measurement Spectroscopy, Raman Spectroscopy, and others.

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Based on applications, the molecular spectroscopy market is segmented into pharmaceuticals, biotechnology & biopharmaceuticals, food & beverage testing, environmental testing, academic research institutes, and others. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of World (RoW). North America is the largest market for molecular spectroscopy, followed by Europe and Asia. However, the Asian market is slated to grow at the highest rate over the next five years.

In the coming years, the demand for molecular spectroscopy is likely to increase owing to a number of factors such as the stringent quality requirements for drugs and excipients, growing concerns for food safety, extensive usage of molecular spectroscopy technologies by the pharmaceutical industry for the development and quality control of drugs, technological advancements, and increasing life sciences R&D spending. These factors are propelling the growth of this market. However, the high cost of the systems and the need for skilled personnel to operate high-end systems are the major factors hindering the growth of this market.

The major players in this market include ABB Bomem, Inc. (U.S.), Agilent Technologies (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), FOSS (Denmark), JASCO International Co., Ltd. (Japan), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), and JEOL, Ltd. (Japan).

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

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Industry:Biotech
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