Market revenue in 2023 | USD 179.6 million |
Market revenue in 2030 | USD 258.7 million |
Growth rate | 5.4% (CAGR from 2023 to 2030) |
Largest segment | Research & manufacturing |
Fastest growing segment | OUTPATIENT FACILITIES |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
Key market players worldwide | Jeol Ltd, Thermo Fisher Scientific Inc, Bruker Corp, Oxford Instruments PLC, Nanalysis Scientific Corp Ordinary Shares, Absci Corp, QuinStreet Inc, Magritek Ltd, Magnetic Resonance Innovations |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Research & manufacturing was the largest segment with a revenue share of 45.49% in 2023. Horizon Databook has segmented the Asia Pacific nuclear magnetic resonance spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to grow at an exponential CAGR during the forecast period. Growth in the region can be attributed to the expansion of the pharmaceutical & biotechnology industries in emerging economies, such as China and India.
The robust growth is further propelled by consistent government support for the advancement of the pharmaceutical sector in developing nations. Furthermore, the continuous innovations in cancer and infectious diseases are expected to drive the NMR spectroscopy market growth in this region.
Asia Pacific NMR spectroscopy market is further driven by the growing incidence of chronic diseases and surging use of NMR devices in various applications such as diagnostics and drug development. Furthermore, increased cost of NMR equipment and limitations of NMR spectroscopy might impede market expansion.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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