Molecular Spectroscopy Market, By Type of Spectroscopy (NMR Spectroscopy, Raman Spectroscopy, UV-visible Spectroscopy, Mass Spectroscopy, Infra-red Spectroscopy, Near Infrared Spectroscopy, and Other Types of Spectroscopy), By Application (Pharmaceutical Applications, Food and Beverage Testing, Biotechnology and Biopharmaceutical Applications, Environmental Testing, Academic Research, and Other Applications), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Molecular spectroscopy (MS) is a branch of spectroscopy that is utilised to access compositional information of samples. MS is often used in pharmaceutical applications, food & beverage testing, biotechnology and biopharmaceutical applications, environmental testing, academic research, and other applications. Thus, there is an increase in demand for MS worldwide.
Market Dynamics:
Increase in adoption/use of molecular spectroscopy, rise in penetration of molecular spectroscopy in various industry verticals, rise in research and development activities, increase in drug discovery & development, and the outbreak of COVID-19 are major factors expected to drive growth of the global molecular spectroscopy market over the forecast period.
For instance, In March 2021, JASCO Corp. announced the launch of a new range of fluorescence spectrophotometers (FP-8050 Series) that includes five instruments that cover the entire range of applications for biological, environmental, chemical, and materials analyses.
Moreover, in March 2020, trinamiX GmbH launched a mobile near-infrared (NIR) spectroscopy solution. Spectroscopy is a well-proven analysis method that trinamiX now makes affordable and accessible beyond factory and laboratory applications. trinamiX offers all the needed competences in a single, handheld device: mobile and robust hardware, precise data and material analytics and excellent molecular and chemical expertise.
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