Australia Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Australia nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Australia nuclear magnetic resonance spectroscopy market highlights
- The Australia nuclear magnetic resonance spectroscopy market generated a revenue of USD 13.4 million in 2023 and is expected to reach USD 19.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.7% 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.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 13.4 million |
| Market revenue in 2030 | USD 19.8 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global nuclear magnetic resonance spectroscopy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nuclear magnetic resonance spectroscopy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 48.9 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 44.78% in 2023. Horizon Databook has segmented the Australia nuclear magnetic resonance spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
The NMR spectroscopy market growth in Australia is driven by the technological advancements, R&D activities, and favorable government initiatives. Moreover, excellent research facilities, world-class researchers, and a flexible regulatory framework have made Australia a lucrative market for pharmaceutical and biotechnology innovation.
According to the data published by the Australian Trade and Investment Commission, Australia has become hub to a network of over 470 biotechnology companies. The high presence of established pharmaceutical & biotechnology companies and extensive R&D initiatives being undertaken by them are expected to increase the need for NMR spectroscopy tools & systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Australia nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
Australia Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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