By 2028, the global NMR spectrometer market is estimated to reach USD 1,098.7 million, growing at a CAGR of 3.5 percent over the forecast period. The market is likely to be driven by rising demand in the chemical industry to analyse food and agricultural samples, academics, and various other chemical structures. The NMR spectrometer is thought to have a lot of promise in the medical field because it is one of the most advanced and complex equipment for analysing pharmaceutical and medical specimens in a short amount of time, which is fueling the market’s growth. “NMR Spectrometer Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Sub-100 MHz, 300-400 MHz, 500 MHz, 900 MHz, and More MHz), By End-Use Industry (Academic, Pharmaceutical & Biotechnology Industries, Chemical Industry, Agriculture & Food Industries, Oil & Gas Industries, and Others), and Regional Forecast, 2020-2028,” according to the report. In 2020, the market was worth USD 859.5 million.
The COVID-19 epidemic has had an impact on a variety of businesses around the world. To slow the spread of COVID-19, governments around the world implemented harsh restrictions such as border locks, lockdowns, and tight social distancing measures. These measures had a significant impact on the global economy, affecting a variety of industries. Based on the following data-points, the impact of COVID-19 on market demand is considered when evaluating the current and prospective market size and growth patterns for all regions and countries:
1. COVID-19 Impact Assessment Pandemic
North America is number one.
2. Asia-Pacific 3. Europe
Latin America is number four.
5. Africa and the Middle East
2. Long-Term Trends
3. Short-Term Trends
4. Key Strategies Employed by Businesses to Combat COVID-19
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The following are some of the highlights of the NMR Spectrometer Market report: • Market Assessment • Premium Insights • Competitive Landscape • COVID Impact Analysis • Value Chain Analysis • Historic Data, Estimates, and Forecast • Company Profiles
• International and Regional Trends
Overview of the Market:
The market is expected to be driven by rising demand in Pharma & Biotech, Academics, Agricultural & Food Technology, and Other Industry:
NMR Spectroscopy is one of the few techniques that can be used to analyse specimens in the chemical industry in depth. Other spectroscopy techniques have less promise and advantage than this approach. The importance and demand for NMR spectrometers has grown in the market, making it the greatest tool in the laboratory for analysing specimens. Due to its high efficiency and accurate results, NMR spectrometers are getting greater interest in the food and agricultural sectors, resulting in a major influence and tendency to install these spectrometers. Government agencies, such as the FDA, are making NMR spectroscopy mandatory for food product makers. These are a few of the major elements that are propelling the NMR spectrometer industry forward.
The market’s growth is being fueled by increased investment in chemical industry R&D facilities:
The utilisation of NMR Spectrometers has grown in importance as the chemical sector, such as Oil & Gas, Food & Beverage, and Other Industries, has become more industrialised. These businesses are pouring vast sums of money into the creation of cutting-edge R&D facilities for their products. NMR spectrometers are essential for testing and analysing specimens, which is why they are one of the major drivers driving the market for NMR spectrometers.
Asia Pacific is expected to grow significantly in the near future, according to a regional analysis.
The most industrialised region, Asia Pacific, is predicted to continue to rise in sectors such as chemical, pharmaceutical, and food and beverage. Key firms in the region are currently conducting R&D for new product development. The NMR Spectrometer is regarded as a significant instrument for analysing specimens, resulting in increased market demand. As a result, increased industrial development in Asia Pacific is expected to boost demand for NMR spectrometers in the near future.
The following is a list of notable players in the NMR Spectrometer market:
Shanghai Huantong, Spinlock, Anasazi, Bruker, JEOL, Nanalysis, Magritek, Thermo Fisher, Oxford Indtruments.
Recent Industry Developments: 1. In January 2021, Bruker Corporation reported that, with new Bruker ultra-high field nuclear magnetic resonance (NMR) spectrometers installed in 2020, the company is now advancing its research into functional structural biology and human disease.
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This market, titled “Nmr Spectrometer Market by Type (900+ MHz, 800-850 MHz, 700-750 MHz, 600 MHz, 500 MHz, 300-400 MHz, Sub-100MHz), by Application (Oil and Gas, Agriculture & Food, Chemical, Pharma & Biotech, Academic, Others), by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa): Global Market Assessment, 2021 – 2028,” Base Report Attribute Details Year 2020
Forecast for the years 2016 through 2019 based on historical data Between the years 2021 and 2028, Covered Topics
Market growth drivers, restraints, and opportunities, as well as Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segment and region, company market share analysis, and COVID-19 impact analysis, are all covered in this report.
Table of Contents – 1st Chapter (Introduction).
1. Report Scope 2. Study Objectives 3. Unique Selling Proposition & Key Offerings
4. Who is your target audience?
5. Guidance/Walkthrough for Vantage Market Research Reports
2. Premium Insights (Chapter 2)
1. Market Overview
2. The Most Profitable Investment Pockets
1. Analysis of Market Attractiveness by Type 2. Analysis of Market Attractiveness by Application
3. Asia Pacific Market Attractiveness Analysis
3. Primary Respondents’ Thoughts
3. Key Market Dynamics (Chapter 3)
2. Market Forces
3. Restraints on the MarketFF
4. Business Opportunities
5. Analysis of Porter’s Five Forces
6. Perform a PEST Analysis
7. Regulatory Environment 8. Technology Environment
9. Market Trends in Different Regions
4. Competitive Landscape (Chapter 4)
1. 2020 Competition Matrix
2. Market Share Analysis by Company – 2020
1. Market Share by Company in 2020
2. Revenue from the Company’s Market, 2017–2020 (USD Million)
3. Year-over-year growth of the company, 2018–2020 ( percent )
3. Strategic Initiatives
1. Mergers and Acquisitions
2. Launch of a New Product
3. Launch of a New Product
4. NEW PRODUCT LAUNCH TABLE OF CONTENTS
About the Authors:
Vantage Market Research is a well-known firm that specialises in providing high-quality data and market research. The firm offers quantitative, high-quality B2B research on over 20,000 emerging markets. The firm provides in-depth reports on a variety of industries, including chemical materials and energy, food and drinks, healthcare, technology, and so on. Every year, the organisation adds more than 1,100 market research papers to its huge database, which employs over 125 analysts and consultants. The company’s customer includes 70% of the Fortune 500 corporations in the world.