Europe Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Europe nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Europe nuclear magnetic resonance spectroscopy market highlights
- The Europe nuclear magnetic resonance spectroscopy market generated a revenue of USD 282.3 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 282.3 million |
| Market revenue in 2030 | USD 400.2 million |
| Growth rate | 5.1% (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 |
Other key industry trends
- In terms of revenue, Europe region accounted for 38.9% 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 Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 45.91% in 2023. Horizon Databook has segmented the Europe 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 growth in Europe NMR spectroscopy market can be attributed to the increasing demand for NMR spectroscopy and well-established pharmaceutical & biotechnology industries across Germany, the UK, and Italy.
Moreover, expanding biotechnology & pharmaceutical sector in countries, such as Spain and Russia, is expected to create a conducive environment for the growth of the market in Europe. In addition, continuous research initiatives being undertaken by European manufacturers for the development of new and innovative NMR solutions are anticipated to create lucrative opportunities for market growth.
Furthermore, the increasing prevalence of chronic & infectious diseases across Italy, France, the UK, & Germany and extensive R&D initiatives by pharmaceutical companies to develop vaccines are anticipated to fuel the demand for NMR based analytical tools.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This continent databook contains high-level insights into Europe nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe nuclear magnetic resonance spectroscopy market size, by country, 2018-2030 (US$M)
Europe Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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