The global molecular spectroscopy market was valued at USD 4 billion in 2016 and is expected to surpass USD 6 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global molecular spectroscopy market, under its lab equipment portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Agilent Technologies, Bruker, PerkinElmer, and Thermo Fisher Scientific.
According to Amber Chourasia, a lead analyst for lab equipment research at Technavio, “The global molecular spectroscopy market has witnessed an extension of its applications in medical, biological, and sensing fields. Such technological advances have prompted the vendors to improve their existing instrumentation and develop new products based on the changing needs of customers.”
For instance, integrating Raman spectroscopy with other techniques has created new avenues for both pre and post tumor removal in cancer patients. It has also led to major changes in the assessment of diffusely scattering samples and emerging applications that include non-invasive diagnosis of bone disease and monitoring of glucose levels. Also, mass spectrometers along with spectrometers such as MALDI-TOF-MS and MALDI QqTOF have made it easier for users to identify thousands of proteins on a daily basis.
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Rising investments in biomedical sector
The biomedical sector has progressively adopted and applied molecular spectroscopy solutions such as Raman spectroscopy instrument due to their features. An increase in the body of knowledge related to disease sciences diagnostics, along with advances in technology, has led to the development of specialized Raman systems designed for use in doctors’ surgeries and surgical theaters. The rapid growth of the biomedical sector in APAC is likely to boost the adoption of atomic spectrometer solutions such as Raman spectroscopy.
Shift from single molecular to macromolecular spectroscopy
Recent technological advances in spectrometer techniques such as UV-Vis and infrared spectroscopy help investigate the biological functions and structural dynamics of nucleic acids, proteins, lipids, and fats. The shift from single molecular to macromolecular spectroscopy within cell extracts has provided a complex approach to an innovative platform for analyzing complex compositions. As a result, the change from single molecular spectroscopic to macromolecular spectroscopy is expected to enhance the growth of the market in the near future.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Molecular Spectroscopy Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Laboratory and Handheld Raman Instruments Market 2016-2020
- Global Protein Crystallization and Crystallography Market 2016-2020
- Global Laboratory Shaker Market 2016-2020
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