Global Nuclear Magnetic Resonance (NMR) Spectrometer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nuclear Magnetic Resonance (NMR) Spectrometer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nuclear Magnetic Resonance spectroscopy is a powerful and theoretically complex analytical tool. Nuclear Magnetic Resonance (NMR) spectroscopy is an analytical chemistry technique used in quality control and research for determining the content and purity of a sample as well as its molecular structure. For example, NMR can quantitatively analyze mixtures containing known compounds. For unknown compounds, NMR can either be used to match against spectral libraries or to infer the basic structure directly. Once the basic structure is known, NMR can be used to determine molecular conformation in solution as well as studying physical properties at the molecular level such as conformational exchange, phase changes, solubility, and diffusion. In order to achieve the desired results, a variety of NMR techniques are available.

Nuclear magnetic resonance spectroscopy is also used to study the interaction of various molecules, the kinetics or dynamics of molecules and the composition of mixtures of biological or synthetic solutions or composites. The size of the molecules analyzed can range from a small organic molecule or metabolite, to a mid-sized peptide or a natural product, all the way up to proteins of several tens of kDa in molecular weight.

Market Overview:

The latest research study on the global Nuclear Magnetic Resonance (NMR) Spectrometer market finds that the global Nuclear Magnetic Resonance (NMR) Spectrometer market reached a value of USD 637.63 million in 2022. It’s expected that the market will achieve USD 933.7 million by 2028, exhibiting a CAGR of 6.56% during the forecast period.

Impact on Industry Chain

The impact of COVID-19 on the Nuclear Magnetic Resonance (NMR) Spectrometer industry will involve all major links and all entities in the industry chain. The company's management efficiency has been reduced, commuting has been severely frustrated, production scheduling has been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and corporate and employee revenues have been damaged. The impact on the Nuclear Magnetic Resonance (NMR) Spectrometer industry depends on the prevention and control effects of COVID-19.
Impact on Downstream SMEs
COVID-19 has a huge impact on the operation of the downstream of Nuclear Magnetic Resonance (NMR) Spectrometer industry, of which the impact on SMEs is more obvious. The phenomenon of shutdown may not only aggravate the shortage of funds for SMEs, but also reduce the solvency of enterprises, and may affect production and sales. Some enterprises have fallen into business difficulties and even went bankrupt.

Market Drivers

The focus on drug discovery and development will be one of the main factors that will have a positive impact on the growth of the nuclear magnetic resonance spectroscopy (NMR) market during the forecast period. Chronic respiratory diseases have become a major public health problem worldwide, with respiratory diseases accounting for three of the top five leading causes of death. Especially for low- and middle-income countries, the loose environmental supervision mechanism has also caused serious air pollution. With the development of global industrialization, industrial pollution of the environment has become more and more serious. According to a report by the International Respiratory Society Forum (FIRS), tobacco smoke, indoor air pollution from burning fuel, and air pollution from transportation and industrial sources are considered to be the main factors responsible for most respiratory conditions. Long-term exposure to indoor smoke for heating and cooking can cause COPD, lung cancer, and cause pneumonia and asthma in children.
In addition, a large number of respiratory diseases caused by air pollution have become more and more concerned with drug discovery and development with the prevalence of chronic diseases such as cardiovascular disease (CVD) and cancer diabetes. In turn, this will increase the demand for NMR or NMR spectroscopy in the coming years, thereby driving the market's growth prospects.

Market Restraints

Compared to other types of spectroscopy techniques, although nuclear magnetic resonance (NMR) spectrometers have a huge potential market. It can be used in industries such as Academic, Pharma & Biotech, Chemical, Agriculture & Food and Oil and Gas, and the multi-segment use of nuclear magnetic resonance spectrometer has generated huge market demand. Used to generate metabolic fingerprints from biological fluids to grind disease states or toxic and abusive information. Also in the industrial field, NMR spectrometers are also used for a wide range of sample analysis, such as food analysis and corn single grain analysis (used to determine the oil content in breeding seeds). However, due to limitations, the shortcomings of the lack of trained professionals will be one of the factors that hinder the development of this market. In addition, NMR spectrometers are expensive and have a price advantage for buyers who purchase in large quantities. But there is no bargaining advantage for non-bulk buyers.

Region Overview:

Europe is projected to account for a considerable share of the Nuclear Magnetic Resonance (NMR) Spectrometer market and is expected to become the largest region by 2028.

Company Overview:

Bruker is one of the major players operating in the Nuclear Magnetic Resonance (NMR) Spectrometer market, holding a share of 31.22% in 2023.

Bruker

Bruker Corporation designs, manufactures, and markets proprietary life science systems based on spectrometry technology platforms. The Company also sells a range of field analytical systems for substance detection and pathogen identification. Bruker develops life science and advanced materials research tools based on X-ray technology.

Oxford Indtruments

Oxford Instruments plc produces advanced instrumentation equipment. The Company's products are used for scientific research, chemical analysis, patient monitoring, semiconductor processing, and diagnostic imaging.

Segmentation Overview:

As for product types, the Sub-100MHz segment held the largest market share in 2022.

Application Overview:

By application, the Pharma & Biotech segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Nuclear Magnetic Resonance (NMR) Spectrometer market covered in Chapter 3:

Spinlock
Thermo Fisher
JEOL
Magritek
Nanalysis
Anasazi
Bruker
Oxford Indtruments

In Chapter 4 and Chapter 14.2, on the basis of types, the Nuclear Magnetic Resonance (NMR) Spectrometer market from 2018 to 2029 is primarily split into:

Sub-100MHz
300-400 MHz
500 MHz
600 MHz
700-750 MHz
800-850 MHz
900+ MHz

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nuclear Magnetic Resonance (NMR) Spectrometer market from 2018 to 2029 covers:

Academic
Pharma & Biotech
Chemical
Agriculture & Food
Oil and Gas
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)