Molecular spectroscopy is an important subject in quantum physics that involves the interaction of electromagnetic radiation with materials to create an absorption pattern identified as spectrum, from which structural information can be deduced. Molecular spectroscopic analysis measures the response of the spectrum of molecules that interact with different frequencies & energies. The analysis of molecules is done with the help of visible light (vis), ultraviolet (UV), and infrared radiation spectrums, and advanced instrumentation available in the Intertek molecular spectroscopy laboratories. Molecular spectroscopy has rapidly improvised itself with measurements on a large number of molecules and with increasing resolution, leading to the observation of new effects and accumulated improvements in the theoretical description of the spectra. Governments in several developed & developing countries have increased their support to considerably increase the focus on drug research & development by biotechnology & pharmaceutical companies and research institutes. This factor is estimated to boost the demand for molecular spectroscopy solutions.
Referring to the study, Global Molecular Spectrometer Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027 the key companies operating in the global molecular spectrometer market include Danaher Corporation, JASCO International Co., Ltd., Thermo Fisher Scientific, PerkinElmer, Inc, ABB Bomem, Shimadzu Corporation, FOSS, JEOL, Ltd, JASCO International Co., Ltd., Bruker Corporation and among others.
Based on types, molecular spectrometer market can be segregated as Ultraviolet-Visible Spectroscopy (UV-Vis), color spectroscopy, NMR spectroscopy, infrared spectroscopy and raman spectroscopy. UV-Vis includes single-beam Uv-visible spectroscopy, dual-beam Uv-visible spectroscopy and array-based Uv-visible spectroscopy. NMR spectroscopy is considered a robust tool and use of this technique has increased to develop new therapies. This increase in drug discovery & development will consequently support the growth of the molecular spectroscopy market. NMR spectroscopy includes continuous-wave NMR spectroscopy, Fourier-transform NMR spectroscopy and solid-state NMR spectroscopy. In addition, based on application type, market can be segregated as environmental, food & beverage, pharmaceutical & biotechnology industries, academic research institutes and others.
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Technological advancements in molecular spectroscopy systems, followed by growth in applications of molecular spectroscopy in environmental screening, surge in focus on ensuring the quality of food products and increase in use of molecular spectroscopy in pharmaceutical & biotechnology industries are some major factors, which are responsible for growth of the molecular spectrometer market. However, dearth of skilled professionals and high cost of molecular spectroscopy systems may impact the market. Moreover, a potential application of terahertz spectroscopy in healthcare is a leading opportunity for market.
Based on regional analysis, the North-America is a leading region in Global Molecular Spectrometer Market owing to increase in funding for environmental testing across the region. The Europe and Asia-Pacific regions are anticipated to witness higher growth rate due to expansion of biopharmaceutical industry and rapid adoption in the pharmaceutical industry over the forecast period. It is expected that future of the global molecular spectrometer market will be bright as a result of increase in emphasis for discovery of newer molecules by pharmaceuticals during the forecast period.
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Ankur Gupta, Head Marketing & Communications