Asia Pacific Molecular Spectroscopy Market Forecast to 2030

At 5.3% CAGR, Asia Pacific Molecular Spectroscopy Market is Speculated to be Worth US$ 1,281.51 Million by 2030, says the Research Team

According to the Research Team’ research, the Asia Pacific molecular spectroscopy market was valued at US$ 849.03 million in 2022 and is expected to reach US$ 1,281.51 million by 2030, recording a CAGR of 5.3% from 2022 to 2030. Rapid growth of pharmaceutical industry and increasing use of nuclear magnetic resonance spectroscopy are among the critical factors attributed to drive the Asia Pacific molecular spectroscopy growth.

The pharmaceutical industry has experienced growth at an unprecedented pace over the recent years and is slated to propel further in the upcoming years. Besides developed economies, rapid growth has been witnessed in the research environment in emerging economies such as Brazil, China, and India. The growth of the pharmaceutical industry has also acted as a crucial part in increasing the demand for molecular spectroscopy. Molecular spectroscopy techniques, including infrared spectroscopy, UV-visible spectroscopy, and mass spectrometry, are among the most important tools for pharmaceutical research and development. The significant expansion of the pharmaceutical industry in recent years, primarily due to the COVID-19 outbreak, has significantly benefited the molecular spectroscopy market. The main applications of molecular spectroscopy in the pharmaceutical industry are for analyzing molecular bond strengths, identification of individual bonds and specific atoms within a molecule, obtaining clues to the orientation of a molecule, and analysis of pharmacological purity. The need for molecular spectroscopy is increasing significantly as pharmaceutical companies expand their research and development activities related to drug discovery and development. For example, Raman spectroscopy is used to study structural activities and interactions to improve reaction conditions and formulation screening, identify constraints such as polymorph, and scale medical compounds from discovery to development. Thus, the factors mentioned above are increasing the demand for molecular spectroscopy for the large-scale production of various therapeutics, in turn facilitating its market growth globally.

On the contrary, shortage of technically skilled personnel and high cost of maintenance and installation hampers the growth of Asia Pacific molecular spectroscopy market.

Based on product, the Asia Pacific molecular spectroscopy market is bifurcated into instrument and accessories. The instrument segment held 84.5% market share in 2022, amassing US$ 717.30 million. It is projected to garner US$ 1,101.95 million by 2030 to register 5.5% CAGR during 2022-2030.

In terms of technology, the Asia Pacific 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 26.6% share of Asia Pacific molecular spectroscopy market in 2022, amassing US$ 225.48 million. It is anticipated to garner US$ 327.90 million by 2030 to expand at 4.8% CAGR during 2022-2030.

By application, the Asia Pacific molecular spectroscopy market is segmented into academic and research applications, biotechnology applications, pharmaceutical applications, and others. The academic and research applications segment held 41.8% share of Asia Pacific molecular spectroscopy market in 2022, amassing US$ 354.63 million. It is projected to garner US$ 557.84 million by 2030 to expand at 5.8% CAGR from 2022 to 2030.

Based on country, the Asia Pacific molecular spectroscopy market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 30.1% share of Asia Pacific molecular spectroscopy market in 2022. It was assessed at US$ 255.73 million in 2022 and is likely to hit US$ 378.82 million by 2030, registering a CAGR of 5.0% during 2022-2030.

Key players operating in the Asia Pacific molecular spectroscopy market are Horiba Ltd, Thermo Fisher Scientific Inc, Merck KGaA, Revvity Inc, Ostec Instruments, JEOL Ltd, Shimadzu Corp, JASCO Corp, Bruker Corp, Agilent Technologies, Inc., Oxfords Instruments plc, and Teledyne Princeton Instruments, among others.

In March 2023, Horiba, a leading manufacturer of instruments for measurement and analysis, had launched a new MICROPOLE System QL Series Quadrupole Mass Analyzer for monitoring gas components in vacuum chambers used in semiconductor manufacturing processes. This system improves the yield rate and contributes to the production efficiency of semiconductors.

In March 2023, NJ Bio contributed its expertise in antibody-drug conjugates, oligonucleotide conjugates, and other chemistries to develop platform solutions for its drug discovery clients – in particular, a platform for using NMR-derived structural information to optimize Targeted Protein Degraders (TPDs).

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific molecular spectroscopy market.
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 Asia Pacific 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 Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific 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.

TABLE OF CONTENTS

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. Asia Pacific 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 – Asia Pacific Analysis
5.1 Molecular Spectroscopy Market Overview
5.2 Molecular Spectroscopy Market Revenue (US$ Million), 2020-2030
6. Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Molecular Spectroscopy Market-Country Analysis
9.1 Asia Pacific Molecular Spectroscopy Market-Country Analysis
9.1.1 Asia Pacific: Molecular Spectroscopy Market – Revenue and Forecast Analysis – by Country
9.1.1.1 China: Overview
9.1.1.1.1 China: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.2 China: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.1.3 China: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.1.4 China: Molecular Spectroscopy Market Breakdown, by Application
9.1.1.2 Japan: Overview
9.1.1.2.1 Japan: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.2 Japan: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.2.3 Japan: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.2.4 Japan: Molecular Spectroscopy Market Breakdown, by Application
9.1.1.3 India: Overview
9.1.1.3.1 India: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.2 India: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.3.3 India: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.3.4 India: Molecular Spectroscopy Market Breakdown, by Application
9.1.1.4 Australia: Overview
9.1.1.4.1 Australia: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.2 Australia: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.4.3 Australia: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.4.4 Australia: Molecular Spectroscopy Market Breakdown, by Application
9.1.1.5 South Korea: Overview
9.1.1.5.1 South Korea: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.2 South Korea: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.5.3 South Korea: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.5.4 South Korea: Molecular Spectroscopy Market Breakdown, by Application
9.1.1.6 Rest of Asia Pacific
9.1.1.6.1 Overview
9.1.1.6.2 Rest of Asia Pacific: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.3 Rest of Asia Pacific: Molecular Spectroscopy Market Breakdown, by Product
9.1.1.6.4 Rest of Asia Pacific: Molecular Spectroscopy Market Breakdown, by Technology
9.1.1.6.5 Rest of Asia Pacific: 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 Ostec Instruments
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 JEOL Ltd.
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 Shimadzu 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 JASCO 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 Bruker Corp
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 Agilent Technologies, Inc.
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
11.11 Oxford Instruments plc
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
11.12 Teledyne Princeton Instruments
11.12.1 Key Facts
11.12.2 Business Description
11.12.3 Products and Services
11.12.4 Financial Overview
11.12.5 SWOT Analysis
11.12.6 Key Developments
12. Appendix
12.1 About The the Reporting Teams
12.2 Glossary of Terms

LIST OF TABLES

Table 1. Molecular Spectroscopy Market Segmentation
Table 2. China: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 3. China: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 4. China: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. Japan: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 6. Japan: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 7. Japan: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 8. India: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 9. India: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 10. India: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 11. Australia: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 12. Australia: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 13. Australia: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 14. South Korea: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 15. South Korea: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 16. South Korea: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 17. Rest of Asia Pacific: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Product
Table 18. Rest of Asia Pacific: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Technology
Table 19. Rest of Asia Pacific: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 20. Recent Inorganic Growth Strategies in the Molecular Spectroscopy Market
Table 21. Recent Organic Growth Strategies in the Molecular Spectroscopy Market
Table 22. Glossary of Terms, Molecular Spectroscopy Market

LIST OF FIGURES

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. Asia Pacific: Molecular Spectroscopy Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. Asia Pacific: Molecular Spectroscopy Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. China: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Japan: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. India: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Australia: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. South Korea: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Rest of Asia Pacific: Molecular Spectroscopy Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Growth Strategies in the Molecular Spectroscopy Market