Europe Molecular Spectroscopy Market Is Expected To Witness An Exponential Growth Over Forecast Year 2019-2026
Market Analysis: Europe Molecular Spectroscopy Market
Europe molecular spectroscopy market is registering a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to high development in technology entry in the R&D sector of different industries and an increase in supply for hyper-sophisticated analytical tools by numerous worldwide study organizations are adding to business development.
Market Definition: Europe Molecular Spectroscopy Market
Spectroscopy is an advanced analytical technology that is commonly used in multiple sectors, such as healthcare and manufacturing. It tests and determines the size, structure and composition of the material so that a precise assessment can be carried out. With advancements in technology and innovation in the healthcare industry, molecular spectroscopy is the most powered segment. It is generally used to measure the spectrum reaction of molecules associated with multiple frequencies and energy. Technological advances have improved effectiveness and improved image quality.
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Market Drivers
- The applications of molecular spectroscopy in environmental screening is driving the market growth
- There is been a surge in the demand for molecular spectroscopy in pharmaceutical and biotechnological companies which is boosting the market growth
- Molecular spectroscopy has gone under various technological advancements and innovations which is fueling the market growth
- There is a rising focus on ensuring the quality of food products which is fueling the market growth
- The rise in the emphasis for discovery of newer molecules by pharmaceuticals is driving the market growth
Market Restraints
- The molecular spectroscopy systems are costly which restricts the market growth
- The lack of technically skilled professionals is hampering the market growth
Segmentation: Europe Molecular Spectroscopy Market
By Technology
- Nuclear Magnetic Resonance Spectroscopy
- Fourier-Transform NMR Spectroscopy
- Continuous-Wave NMR Spectroscopy
- Solid-State NMR Spectroscopy
- UV-Visible Spectroscopy
- Single-Beam UV-Visible Spectroscopy
- Dual-Beam UV-Visible Spectroscopy
- Array-Based UV-Visible Spectroscopy
- Infrared Spectroscopy
- Infrared Spectroscopy Market, By Spectrum
- Mid-Wave Infrared Spectroscopy
- Short-Wave Infrared Spectroscopy
- Far-Wave Infrared Spectroscopy
- Infrared Spectroscopy Market, By Type
- Benchtop
- Infrared Microscopy
- Portable & Handheld
- Hyphenated
- Terahertz
- Infrared Spectroscopy Market, By Spectrum
- Near-Infrared Spectroscopy
- Scanning Near-Infrared Spectroscopy
- Fourier-Transform Near-Infrared Spectroscopy
- Filter Nir Spectroscopy/Acoustic-Optical Tunable Filter-Nir Spectroscopy
- Color Measurement Spectroscopy
- Raman Spectroscopy
- Raman Spectroscopy Market, By Sampling Technique
- Surface-Enhanced Raman Scattering
- Tip-Enhanced Raman Scattering
- Other Raman Spectroscopy Techniques
- Raman Spectroscopy Market, By Type
- Micro-Raman Spectroscopy
- Probe-Based Raman Spectroscopy
- FT-Raman Spectroscopy
- Raman Spectroscopy Market, By Sampling Technique
- Other Technologies
By Application
- Pharmaceutical Applications
- Food & Beverage Testing
- Biotechnology & Biopharmaceutical Applications
- Environmental Testing
- Academic Research
- Other Applications
By Country
- Germany
- Italy
- U.K.
- France
- Spain
- Netherlands
- Belgium
- Switzerland
- Turkey
- Russia
- Rest of Europe
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Key Developments in the Market:
- In July 2019, Edinburgh Instruments has introduced a fresh RM5 Raman Microscope to be produced in Scotland. It is best suited for analysis and research as it provides spatial resolution, uncompromised spectral resolution and sensitivity. This release will boost the company's brand range and also grow the client base.
- In August 2017, PerkinElmer introduced the NIR Spectrometer for linear, qualitative and adulterant testing apps. It will help technical and non-technical laboratory professionals in the analysis of quality assurance and test samples in order to comply with sector standards. This release has extended the company's brand range and will boost its market share.
Competitive Analysis:
Europe molecular spectroscopy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of molecular spectroscopy market for Europe
Key Market Competitors:
Few of the major market competitors currently working in the Europe molecular spectroscopy market are Thermo Fisher Scientific, ABB, PerkinElmer Inc., Keit Ltd, Ibsen Photonics A/S, Carl Zeiss AG, VIAVI Solutions Inc., Raptor Photonics, Magritek Ltd, Thorlabs, Inc., Avantes BV, Agilent Technologies, Inc., Merck KGaA, B&W Tek, StellarNet, Inc., Si-ware, Galaxy Scientific Inc., Block Engineering, LLC, Siemens, Danaher, Bruker and HORIBA, Ltd. among others.