Asia Pacific Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook

The nuclear magnetic resonance spectroscopy market in Asia Pacific is expected to reach a projected revenue of US$ 258.7 million by 2030. A compound annual growth rate of 5.4% is expected of Asia Pacific nuclear magnetic resonance spectroscopy market from 2024 to 2030.
Revenue, 2023 (US$M)
$179.6
Forecast, 2030 (US$M)
$258.7
CAGR, 2024 - 2030
5.4%
Report Coverage
Asia Pacific

Asia Pacific nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)

Asia

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Asia Pacific nuclear magnetic resonance spectroscopy market highlights

  • The Asia Pacific nuclear magnetic resonance spectroscopy market generated a revenue of USD 179.6 million in 2023.
  • The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
  • In terms of segment, research & manufacturing was the largest revenue generating end use in 2023.
  • OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2030.


Asia Pacific data book summary

Market revenue in 2023USD 179.6 million
Market revenue in 2030USD 258.7 million
Growth rate5.4% (CAGR from 2023 to 2030)
Largest segmentResearch & manufacturing
Fastest growing segmentOUTPATIENT FACILITIES
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS
Key market players worldwideJeol Ltd, Thermo Fisher Scientific Inc, Bruker Corp, Oxford Instruments PLC, Nanalysis Scientific Corp Ordinary Shares, Absci Corp, QuinStreet Inc, Magritek Ltd, Magnetic Resonance Innovations


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 24.8% of the global nuclear magnetic resonance spectroscopy market in 2023.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 258.7 million by 2030.

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Nuclear Magnetic Resonance Spectroscopy Market Companies

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Asia Pacific nuclear magnetic resonance spectroscopy market outlook

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.

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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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Asia Pacific nuclear magnetic resonance spectroscopy market size, by country, 2018-2030 (US$M)

Asia Pacific Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific nuclear magnetic resonance spectroscopy market size, by country, 2018-2030 (US$M)

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