Nuclear Magnetic Resonance Spectroscopy Market: Overview
The global nuclear magnetic resonance spectroscopy market size was worth USD 660.4 million in 2022 and is estimated to grow to USD 975.7 million by 2028, with a CAGR of 5 % over the forecast from 2023 to 2030.
To determine hydrogen bonds, solution structure, drug screening, and metabolite analysis, nuclear magnetic resonance spectroscopy has a wide range of applications that help drive market expansion. Nuclear magnetic resonance spectroscopy market expansion is influenced by penetration into the food industry, which helps to comprehend complicated food components and determine the distribution of water, fat, and mobility without destroying the food. The need to use NMR technology is fuelled by the expansion of pharmaceutical and biotech businesses’ research pipelines, the rise in drug development activities, and the expanding application of nuclear magnetic resonance spectroscopy in non-healthcare sectors. The market is anticipated to expand due to increased patient demand for personalized treatment and increased usage of integrated NMR platforms (such as NMR-lc and NMR-ms). Nuclear magnetic resonance spectroscopy is a flexible method requiring a sizable sample volume to identify the molecule’s behavior due to its low sensitivity. The approach also takes a lot of time and requires pricey equipment, which inhibits market expansion.
Nuclear Magnetic Resonance Spectroscopy Market Drivers:
The aging population’s increasing prevalence of infectious disorders such as Parkinson’s disease, malaria, tuberculosis, and cardiovascular illnesses has increased the demand for generic medications, which has sparked drug discovery in the NMR spectroscopy market. Nuclear magnetic resonance spectroscopy is used in chemical laboratories to measure and produce usable data for environmental monitoring to detect contaminations in soil, air, and water, as well as in food systems, for quality control and research, and such factors complement market growth. The market is also anticipated to be driven by the need from numerous industries, including biodiesel research, process analytical technology, and polymer research, to include NMR spectroscopy to improve workflow.
Nuclear Magnetic Resonance Spectroscopy Market: Restraints
Newly discovered spectroscopy technologies negatively impact the market, enhanced spectroscopy market techniques, increased sample analysis method efficiency across industries, and rising sample analysis method costs, making choosing advanced technology challenging for people. It caused the spectroscopy market’s demand and income to decline.
Nuclear Magnetic Resonance Spectroscopy Market: Segmentation
The global nuclear magnetic resonance spectroscopy market has been segmented into technology, type, product, application, and end user.
Based on type, the low and high fields are segments of the global nuclear magnetic resonance spectroscopy market. Nuclear magnetic resonance spectroscopy’s enhanced power has a significant impact on several disciplines, including imaging, structural biology, and material research, the high field segment for these facilities accounted for a sizeable market share. However, due to its higher resolution, sensitivity, and lower magnetic frequency, which may detect even minute changes in the substance’s chemical structure, the low field category is expected to increase significantly over the projected period.
Based on end users, the worldwide nuclear magnetic resonance spectroscopy market is segmented into chemical & petrochemical industries, academia and government organizations, pharma-biotech companies, agriculture and food, and other end users. The pharma-biotech companies are anticipated to have the highest share in this market because of their higher resolution, sensitivity, and lower magnetic frequency, which may detect even minute changes in the substance’s chemical structure. Academia was the fastest-growing segment. An important factor in this market’s growth is universities’ growing efforts to build their in-house NMR spectroscopy facilities as a competitive advantage with government funding.
Nuclear Magnetic Resonance Spectroscopy Market: Regional Landscape
In 2021, due to the expansion of biomedical research and the accessibility of raw materials in the pharmaceutical and biotechnology sectors in nations like China, India, and Japan, the market in the Asia Pacific region held the largest share. Additionally, there is a huge market for nuclear magnetic resonance spectroscopy in the food industry. Throughout the projected period, demand is anticipated to increase as concerns about food safety grow. Factors driving the market’s expansion include the requirement for biomedical and research activities and the rising demand for environmental safety; Asia-Pacific dominates the market for nuclear magnetic resonance spectroscopes.
Nuclear Magnetic Resonance Spectroscopy Market: Competitive Landscape
Some of the main competitors dominating the global nuclear magnetic resonance spectroscopy market include- Bruker Corporation (US), Thermo Fisher Scientific (US), Jeol Ltd (Japan), Oxford Instruments (UK), Nanalysis Corporation (Canada), Magritek (Germany), Niumag Corporation (China), Qone Tec AG (Switzerland), Cosa Xentaur (US) and Anasazi Instruments (US).
Recent Developments
- April 2022: With the use of electron, probe, and optical microscopy, Horiba and Digital Surf have launched a new software line that will enable users to draw attention to the key characteristics of materials.
- February 2022: A new product from Bruker has been released that can analyze a sizable protein sample using high-field NMR. With the new 8mm trosy cryoprobe, precise results are possible.
COVID-19 Impact on Nuclear Magnetic Resonance Spectroscopy Market
The COVID-19 pandemic’s breakout caused universities and research institutions to use nuclear magnetic resonance spectroscopy for COVID-19 research to rise. For instance, in May 2021, scientists from TU Darmstadt and Goethe University Frankfurt used NMR spectroscopy to examine the three-dimensional structures of COVID-19 molecules. Government limitations, on the other hand, severely harmed the supply chain and reduced firm income.
Global Nuclear Magnetic Resonance Spectroscopy Market is segmented as follows:
Nuclear Magnetic Resonance Spectroscopy Market by Product Outlook (Revenue, USD Million, 2017 – 2030)
- Instruments
- Reagents and Consumables
- Software and Services
Nuclear Magnetic Resonance Spectroscopy Market by Type Outlook (Revenue, USD Million, 2017 – 2030)
- Low-field NMR Spectroscopy
- High-field NMR Spectroscopy
Nuclear Magnetic Resonance Spectroscopy Market by End User Outlook (Revenue, USD Million, 2017 – 2030)
- Chemical & Petrochemical industries
- Academia and government organizations
- Pharma-biotech companies
- Agriculture and food
Nuclear Magnetic Resonance Spectroscopy Market by Region Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
| Nuclear Magnetic Resonance Spectroscopy Market Report Scope |
| Report Attribute | Details |
| Market Size Value in 2022 | USD 660.4 million |
| Revenue Forecast in 2030 | USD 975.7 million |
| Growth Rate | CAGR of 5 % from 2023 to 2030 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 – 2022 |
| Forecast Years | 2023 – 2030 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2030 |
| Report Coverage | Revenue forecast, company ranking, Trends
competitive landscape, and growth factors |
| Segments Covered | Product, Type, End User, and Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
| Key Companies Profiled | Bruker Corporation (US); Thermo Fisher Scientific (US); Jeol Ltd (Japan); Oxford Instruments (UK); Nanalysis Corporation (Canada); Magritek (Germany); Niumag Corporation (China); Qone Tec AG (Switzerland); Cosa Xentaur (US); Anasazi Instruments (US) |
Table of Content
Nuclear Magnetic Resonance Spectroscopy Market Size, Share, Growth, and Forecast Report
1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Product
1.4.2. Type
1.4.3. End User
2. Nuclear Magnetic Resonance Spectroscopy Market Overview
2.1. Introduction
2.2. Analysis by Product, 2017-2030 (US$ Billion)
2.3. Analysis by Type, 2017-2030 (US$ Billion)
2.4. Analysis by End User, 2017-2030 (US$ Billion)
2.5. Market Analysis by Region, 2017-2030 (US$ Billion)
3. Nuclear Magnetic Resonance Spectroscopy Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Products
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Product
3.6.2. Type
3.6.3. End User
3.6.4. Region
3.7. Value Chain Analysis
4. Nuclear Magnetic Resonance Spectroscopy Market Competition Analysis
4.1. Nuclear Magnetic Resonance Spectroscopy Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
5. Global Nuclear Magnetic Resonance Spectroscopy Market Analysis by Product, Type and End User, 2017-2030 (US$ Billion)
5.1. Product
5.1.1. Global Nuclear Magnetic Resonance Spectroscopy Market Share, by Product, 2021 and 2030
5.1.2. Global Nuclear Magnetic Resonance Spectroscopy Market Revenue, by Product, 2017-2030 (US$ Billion)
5.1.3. By Instruments Market Analysis 2017-2030 (US$ Billion)
5.1.4. By Reagents and Consumables Market Analysis 2017-2030 (US$ Billion)
5.1.5. By Software and Services Market Analysis 2017-2030 (US$ Billion)
5.2. Product
5.2.1. Global Nuclear Magnetic Resonance Spectroscopy Market Share, by Type, 2021 and 2030
5.2.2. Global Nuclear Magnetic Resonance Spectroscopy Market Revenue, by Type, 2017-2030 (US$ Billion)
5.2.3. By Low-field NMR Spectroscopy Market Analysis 2017-2030 (US$ Billion)
5.2.4. By High-field NMR Spectroscopy Market Analysis 2017-2030 (US$ Billion)
5.3. End User
5.3.1. Market Share, by End User, 2021 and 2030
5.3.2. Market Revenue, by End User, 2017-2030 (US$ Billion)
5.3.3. By Chemical & Petrochemical industries Market Analysis 2017-2030 (US$ Billion)
5.3.4. By Academia and government organizations Market Analysis 2017-2030 (US$ Billion)
5.3.5. By Pharma-biotech companies Market Analysis 2017-2030 (US$ Billion)
5.3.6. By Agriculture and food Market Analysis 2017-2030 (US$ Billion)
6. Global Nuclear Magnetic Resonance Spectroscopy Market Product Analysis by Region, 2017-2030 (US$ Billion)
6.1. Instruments Market Analysis 2017-2030 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Reagents and Consumables Market Analysis 2017-2030 (US$ Billion)
6.3. Software and Services Market Analysis 2017-2030 (US$ Billion)
6.4. Product 4 Market Analysis 2017-2030 (US$ Billion)
6.5. Other Products Market Analysis 2017-2030 (US$ Billion)
7. Global Nuclear Magnetic Resonance Spectroscopy Market Type Analysis by Region, 2017-2030 (US$ Billion)
7.1. Low-field NMR Spectroscopy Market Analysis 2017-2030 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. High-field NMR Spectroscopy Market Analysis 2017-2030 (US$ Billion)
8. Global Nuclear Magnetic Resonance Spectroscopy Market End User Analysis by Region, 2017-2030 (US$ Billion)
8.1. Chemical & Petrochemical industries Market Analysis 2017-2030 (US$ Billion)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Academia and government organizations Market Analysis 2017-2030 (US$ Billion)
8.3. Pharma-biotech companies Market Analysis 2017-2030 (US$ Billion)
8.4. Agriculture and food Market Analysis 2017-2030 (US$ Billion)
9. Nuclear Magnetic Resonance Spectroscopy Market Analysis by Geography, 2017-2030 (US$ Billion)
9.1. North America Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.1.1. U.S. Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.1.1.1. Product
9.1.1.2. Type
9.1.1.3. End User
9.1.2. Canada Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.1.3. Mexico Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2. Europe Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2.1. UK Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2.1.1. Product
9.2.1.2. Type
9.2.1.3. End User
9.2.2. France Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2.3. Germany Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2.4. Spain Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2.5. Russia Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2.6. Italy Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.2.7. Rest of Europe Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3. Asia Pacific Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.1. China Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.1.1. Product
9.3.1.2. Type
9.3.1.3. End User
9.3.2. Japan Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.3. South Korea Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.4. India Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.5. Australia Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.6. Southeast Asia Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.7. Taiwan Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.3.8. Rest of Asia Pacific Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.4. Latin America Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.4.1. Brazil Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.4.1.1. Product
9.4.1.2. Type
9.4.1.3. End User
9.4.2. Argentina Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.4.3. Rest of Latin America Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.5. Middle East Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.5.1. Israel Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.5.1.1. Product
9.5.1.2. Type
9.5.1.3. End User
9.5.2. Turkey Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.5.3. Saudi Arabia Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.5.4. UAE Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.5.5. Rest of Middle East Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.6. Africa Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.6.1. Egypt Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.6.1.1. Product
9.6.1.2. Type
9.6.1.3. End User
9.6.2. South Africa Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
9.6.3. Rest of Africa Nuclear Magnetic Resonance Spectroscopy Market Analysis 2017-2030 (US$ Billion)
10. Company Profiles
10.1. Bruker Corporation (US)
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Thermo Fisher Scientific (US)
10.3. Jeol Ltd (Japan)
10.4. Oxford Instruments (UK)
10.5. Nanalysis Corporation (Canada)
10.6. Magritek (Germany)
10.7. Niumag Corporation (China)
10.8. Qone Tec AG (Switzerland)
10.9. Cosa Xentaur (US)
10.10. Anasazi Instruments (US)
11. COVID-19 Impact Analysis
11.1. Global Nuclear Magnetic Resonance Spectroscopy Market, 2020 – 2030, Pre-V/S Post COVID 19
11.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Nuclear Magnetic Resonance Spectroscopy Market Size In 2022, By Scenario
11.3. Impact on Supply Chain and Production in Nuclear Magnetic Resonance Spectroscopy Market
11.4. Impact on Import and Export
12. Import-Export Analysis
12.1. North America Nuclear Magnetic Resonance Spectroscopy Import-Export, 2017 – 2021
12.2. Europe Nuclear Magnetic Resonance Spectroscopy Import-Export, 2017 – 2021
12.3. Asia Pacific Nuclear Magnetic Resonance Spectroscopy Import-Export, 2017 – 2021
12.4. Latin America Nuclear Magnetic Resonance Spectroscopy Import-Export, 2017 – 2021
12.5. Middle East America Nuclear Magnetic Resonance Spectroscopy Import-Export, 2017 – 2021
12.6. Africa Nuclear Magnetic Resonance Spectroscopy Import-Export, 2017 – 2021
13. Nuclear Magnetic Resonance Spectroscopy Marketing Channel Analysis
13.1. Marketing Channel
13.1.1. Direct Marketing
13.1.2. Indirect Marketing
13.1.3. Development Trend
13.2. Market Positioning
14. Nuclear Magnetic Resonance Spectroscopy Manufacturing Cost Analysis
14.1. Key Raw Materials
14.2. Key Raw Material Suppliers
14.3. Market Concentration Rate
14.4. Manufacturing Cost Structure
14.5. Process Analysis
15. Conclusion
Nuclear Magnetic Resonance Spectroscopy Market by Product Outlook (Revenue, USD Million, 2017 – 2030)
- Instruments
- Reagents and Consumables
- Software and Services
Nuclear Magnetic Resonance Spectroscopy Market by Type Outlook (Revenue, USD Million, 2017 – 2030)
- Low-field NMR Spectroscopy
- High-field NMR Spectroscopy
Nuclear Magnetic Resonance Spectroscopy Market by End User Outlook (Revenue, USD Million, 2017 – 2030)
- Chemical & Petrochemical industries
- Academia and government organizations
- Pharma-biotech companies
- Agriculture and food
