South & Central America Molecular Spectroscopy Market Forecast to 2030
South & Central America Molecular Spectroscopy Market Forecast to 2030 – Regional Analysis – by Product (Instrument and Accessories), Technology (UV-Visible Spectroscopy, Infrared Spectroscopy, Nuclear Magnetic Resonance Spectroscopy, Raman Spectroscopy, Near-Infrared Spectroscopy, and Others), and Application (Academic and Research Applications, Biotechnology Applications, Pharmaceutical Applications, and Others)
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Description
Increasing Use of Nuclear Magnetic Resonance Spectroscopy Drives South & Central America Molecular Spectroscopy Market
NMR is an analytical technique used for quality control and research to determine the purity of a sample with its molecular structure. NMR is a powerful tool in terms of analytical chemistry and consolidated matter science, as well as for elucidating the structure and dynamics of macromolecules. The benefits of NMR spectroscopy are that it requires less sample preparation and is a non-destructive method that preserves the molecules being studied. NMR spectroscopy has become one of the leading techniques for finding out the structure of organic compounds and is widely used in various areas such as pharmaceuticals, biotechnology, and biopharmaceuticals. In addition, NMR spectroscopy is increasingly used in biochemical and biological applications, including hit-to-lead detection, metabolite profiling, in vivo magnetic resonance spectroscopy, and magnetic resonance imaging. In recent years, NMR has been heavily incorporated into metabolomics. This rapidly growing field involves the study of metabolites to gain information about diseases. Metabolomics has traditionally focused on research applications and can prove extremely useful in laboratory diagnostics. Metabolomics can provide valuable information about downstream products of metabolic and cellular processes and provide insights into the state of specific tissues and organs. NMR spectroscopy has successfully quantified metabolite concentrations in various fluids, including urine, plasma, and serum. New developments have been made in NMR spectroscopy, driving much-needed improvements in sensitivity and versatility, and expanding the number of applications. Introducing advanced NMR diagnostic techniques to the frontline healthcare industry will likely enable rapid and cost-effective diagnosis of various diseases. As research and industry needs continue to evolve, NMR spectroscopy remains at the forefront of analytical techniques and drives growth in the spectroscopy market. In addition, molecular spectroscopy has propelled significantly due to increasing research in conservation and favorable government policies to promote environmental studies. Molecular spectroscopy is often used as an analytical tool in surveys and environmental studies. Therefore, market participants are exploring innovative molecular spectroscopy methods for various environmental studies. This is expected to continue during the forecast period and provide growth opportunities for the market.
South & Central America Molecular Spectroscopy Market Overview
A surge in various research activities, rising healthcare expenditure, and growing investments in biotechnology would create opportunities for the molecular spectroscopy market in South & Central America in the coming years. The South & Central America molecular spectroscopy market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil is estimated to hold the major share of the molecular spectroscopy market in this region during the forecast period. In South & Central America, there is a high level of know-how and development of medicines; hence, local and foreign pharmaceutical companies are highly interested in entering the market to research, manufacture, and commercialize locally and internationally. These players invest heavily in R&D to stay ahead in the market by constantly offering new innovative products. Further, improving local regulations encourages multinational pharmaceutical companies to set foot in South & Central America to manufacture and commercialize their products. Several global pharmaceutical companies have chosen the Brazilian market due to their geographic expansion and growing economy. Such factors are said to boost the market growth in the region.
South & Central America Molecular Spectroscopy Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Molecular Spectroscopy Market Segmentation
The South & Central America molecular spectroscopy market is segmented into product, technology, application, and country.
Based on product, the South & Central America molecular spectroscopy market is bifurcated into instrument and accessories. The instrument segment held a larger market share in 2022.
In terms of technology, the South & Central America molecular spectroscopy market is categorized into UV-Visible spectroscopy, infrared spectroscopy, nuclear magnetic resonance spectroscopy, Raman spectroscopy, Near-infrared spectroscopy, and others. The UV-Visible spectroscopy segment held the largest market share in 2022.
By application, the South & Central America molecular spectroscopy market is segmented into academic and research applications, biotechnology applications, pharmaceutical applications, and others. The academic and research applications segment held the largest market share in 2022.
Based on country, the South & Central America molecular spectroscopy market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America molecular spectroscopy market share in 2022.
Horiba Ltd; Thermo Fisher Scientific Inc; Merck KGaA; Revvity Inc; JEOL Ltd; Shimadzu Corp; JASCO Corp; Bruker Corp; Agilent Technologies, Inc; and Teledyne Princeton Instruments are some of the leading companies operating in the South & Central America molecular spectroscopy market.
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According to the Research Team’ research, the South & Central America molecular spectroscopy market was valued at US$ 222.35 million in 2022 and is expected to reach US$ 317.31 million by 2030, recording a CAGR of 4.5% from 2022 to 2030. Increase in drug discovery and R&D and rapid growth of pharmaceutical industry are among the critical factors attributed to drive the South & Central America molecular spectroscopy growth.
The demand for and use of molecular spectroscopy increased significantly during the COVID-19 pandemic. In July 2022, Bruker PhenoRisk launched PACS RuO, a research-only NMR test for molecular phenonomic research on blood samples from “long COVID-19” patients. The PhenoRisk PACS RuO test holds promise for exploring early-stage risk factors, monitoring longitudinal recovery, and prospective secondary organ damage in cardiovascular disease, type II diabetes, inflammation, and renal dysfunction. In addition, molecular spectroscopy plays a crucial role in drug discovery and development. Raman spectroscopy has proven to be one of the most powerful analytical techniques for drug discovery and pharmaceutical development. According to BioPharma Trend 2020, the pharmaceutical industry’s rapid advances in artificial intelligence (AI) are expected to lead to significant spending on research and development to discover new therapeutic targets. In addition, biotech investors are increasingly relying on using AI in drug development and are investing heavily in AI-based drug development methods. These scientific achievements have resulted in many groundbreaking discoveries of highly effective drugs for chronic diseases. For this reason, most investors gravitate toward drug discovery and R&D activities, which are expected to drive the molecular spectroscopy market in the future.
On the contrary, shortage of technically skilled personnel and high cost of maintenance and installation hampers the growth of South & Central America molecular spectroscopy market.
Based on product, the South & Central America molecular spectroscopy market is bifurcated into instrument and accessories. The instrument segment held 85.9% market share in 2022, amassing US$ 191.02 million. It is projected to garner US$ 277.38 million by 2030 to register 4.8% CAGR during 2022-2030.
In terms of technology, the South & Central America molecular spectroscopy market is categorized into UV-Visible spectroscopy, infrared spectroscopy, nuclear magnetic resonance spectroscopy, Raman spectroscopy, Near-infrared spectroscopy, and others. The UV-Visible spectroscopy segment held 26.9% share of South & Central America molecular spectroscopy market in 2022, amassing US$ 59.91 million. It is anticipated to garner US$ 82.46 million by 2030 to expand at 4.1% CAGR during 2022-2030.
By application, the South & Central America molecular spectroscopy market is segmented into academic and research applications, biotechnology applications, pharmaceutical applications, and others. The academic and research applications segment held 42.8% share of South & Central America molecular spectroscopy market in 2022, amassing US$ 95.12 million. It is projected to garner US$ 141.22 million by 2030 to expand at 5.1% CAGR from 2022 to 2030.
Based on country, the South & Central America molecular spectroscopy market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 60.5% share of South & Central America molecular spectroscopy market in 2022. It was assessed at US$ 134.52 million in 2022 and is likely to hit US$ 196.79 million by 2030, registering a CAGR of 4.9% during 2022-2030.
Key players operating in the South & Central America molecular spectroscopy market are Horiba Ltd; Thermo Fisher Scientific Inc; Merck KGaA; Revvity Inc; JEOL Ltd; Shimadzu Corp; JASCO Corp; Bruker Corp; Agilent Technologies, Inc.; and Teledyne Princeton Instruments, among others.
In December 2023, Shimadzu Corp, a leading manufacturer of precision instruments, measuring instruments, and medical equipment, had launched the GCMS-QP2050 quadrupole gas chromatograph mass spectrometer. Gas chromatograph mass spectrometers (GC-MS) analyze the type and amount of chemicals in a sample by splitting it at the atomic and molecular levels. GC-MS systems are used to test pesticides and other controlled environmental contaminants, as well as for quality control and commercial development of food and chemical products.
In March 2024, A 785 nm laser, spectrometer, and detector are all housed in a small chassis in the PR-1w Palmtop Raman Spectrometer, a portable Raman spectrometer. In contrast to micro-Raman instruments, the PR-1w is an easy-to-use Raman spectrometer that may be used by anyone as soon as it is delivered. Setting precise parameter settings is not necessary for quick and easy measurements. It can be placed in different places and yield different measurement configurations, including in-line and in-situ measurements. A wide range of extra analysis tools allow to easily conduct different kinds of studies in addition to measurements.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America molecular spectroscopy market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America molecular spectroscopy market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Molecular Spectroscopy Market-Key Market Dynamics
4.1 Market Drivers
4.1.1 Growing Adoption and Use of Molecular Spectroscopy
4.1.2 Rapid Growth of Pharmaceutical Industry
4.2 Market Restraints
4.2.1 Shortage of Technically Skilled Personnel and High Cost of Maintenance and Installation
4.3 Market Opportunities
4.3.1 Increasing Use of Nuclear Magnetic Resonance Spectroscopy
4.4 Future Trends
4.4.1 Increase in Drug Discovery and R&D
4.5 Impact of Drivers and Restraints:
5. Molecular Spectroscopy Market-South & Central America Analysis
5.1 Molecular Spectroscopy Market Overview
5.2 Molecular Spectroscopy Market Revenue (US$ Million), 2020-2030
6. South & Central America Molecular Spectroscopy Market Analysis-by Product
6.1 Overview
6.2 Instrument
6.2.1 Overview
6.2.2 Instrument: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
6.3 Accessories
6.3.1 Overview
6.3.2 Accessories: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Molecular Spectroscopy Market Analysis-by Technology
7.1 Overview
7.2 UV-Visible Spectroscopy
7.2.1 Overview
7.2.2 UV-Visible Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Infrared Spectroscopy
7.3.1 Overview
7.3.2 Infrared Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Nuclear Magnetic Resonance Spectroscopy
7.4.1 Overview
7.4.2 Nuclear Magnetic Resonance Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Raman Spectroscopy
7.5.1 Overview
7.5.2 Raman Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Near-Infrared Spectroscopy
7.6.1 Overview
7.6.2 Near-Infrared Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Molecular Spectroscopy Market Analysis-by Application
8.1 Overview
8.2 Academic and Research Applications
8.2.1 Overview
8.2.2 Academic and Research Applications: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Biotechnology Applications
8.3.1 Overview
8.3.2 Biotechnology Applications: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Pharmaceutical Applications
8.4.1 Overview
8.4.2 Pharmaceutical Applications: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Molecular Spectroscopy Market-Country Analysis
9.1 South & Central America Molecular Spectroscopy Market-Country Analysis
9.1.1 South & Central America: Molecular Spectroscopy Market – Revenue and Forecast Analysis – by Country
9.1.1.1 Brazil: Overview
9.1.1.1.1 Brazil: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.2 Brazil: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.1.3 Brazil: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.1.4 Brazil: Molecular Spectroscopy Market Breakdown, by Application
9.1.1.2 Argentina: Overview
9.1.1.2.1 Argentina: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.2 Argentina: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.2.3 Argentina: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.2.4 Argentina: Molecular Spectroscopy Market Breakdown, by Application
9.1.1.3 Rest of South & Central America: Overview
9.1.1.3.1 Rest of South & Central America: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.2 Rest of South & Central America: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.3.3 Rest of South & Central America: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.3.4 Rest of South & Central America: Molecular Spectroscopy Market Breakdown, by Application
10. Molecular Spectroscopy Market-Industry Landscape
10.1 Overview
10.2 Growth Strategies in the Molecular Spectroscopy Market
10.3 Inorganic Growth Strategies
10.3.1 Overview
10.4 Organic Growth Strategies
10.4.1 Overview
11. Company Profiles
11.1 HORIBA, Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Thermo Fisher Scientific Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Merck KGaA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Revvity, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 JEOL Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Shimadzu Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 JASCO Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Bruker Corp
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Agilent Technologies, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Teledyne Princeton Instruments
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The the Reporting Teams
12.2 Glossary of Terms
Table 1. Molecular Spectroscopy Market Segmentation
Table 2. Brazil: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 3. Brazil: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 4. Brazil: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. Argentina: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 6. Argentina: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 7. Argentina: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 8. Rest of South & Central America: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 9. Rest of South & Central America: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 10. Rest of South & Central America: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 11. Recent Inorganic Growth Strategies in the Molecular Spectroscopy Market
Table 12. Recent Organic Growth Strategies in the Molecular Spectroscopy Market
Table 13. Glossary of Terms, Molecular Spectroscopy Market
Figure 1. Molecular Spectroscopy Market Segmentation, by Country
Figure 2. Molecular Spectroscopy Market – Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Molecular Spectroscopy Market Revenue (US$ Million), 2020 – 2030
Figure 5. Molecular Spectroscopy Market Share (%) – by Product (2022 and 2030)
Figure 6. Instrument: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Accessories: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Molecular Spectroscopy Market Share (%) – by Technology (2022 and 2030)
Figure 9. UV-Visible Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Infrared Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Nuclear Magnetic Resonance Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Raman Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Near-Infrared Spectroscopy: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Molecular Spectroscopy Market Share (%) – by Application (2022 and 2030)
Figure 16. Academic and Research Applications: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Biotechnology Applications: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Pharmaceutical Applications: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. South & Central America: Molecular Spectroscopy Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. Brazil: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Argentina: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Rest of South & Central America: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Growth Strategies in the Molecular Spectroscopy Market
The List of Companies – South and Central America Molecular Spectroscopy Market
1. Horiba Ltd
2. Thermo Fisher Scientific Inc
3. Merck KGaA
4. Revvity Inc
5. JEOL Ltd
6. Shimadzu Corp
7. JASCO Corp
8. Bruker Corp
9. Agilent Technologies, Inc.
10. Teledyne Princeton Instruments
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