Japan Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Japan nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Japan nuclear magnetic resonance spectroscopy market highlights
- The Japan nuclear magnetic resonance spectroscopy market generated a revenue of USD 52.8 million in 2023 and is expected to reach USD 66.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 3.4% 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.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 52.8 million |
| Market revenue in 2030 | USD 66.8 million |
| Growth rate | 3.4% (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, Japan accounted for 7.3% 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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Japan 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 46.02% in 2023. Horizon Databook has segmented the Japan nuclear magnetic resonance spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is anticipated to account for a significant share of the Asia Pacific NMR spectroscopy market, as it has one of the most developed pharmaceutical & biotechnology sectors. Moreover, the high prevalence of chronic diseases and the unprecedented outbreak of the COVID-19 pandemic have led to an increase in R&D activities for developing novel therapies & vaccines.
These factors are creating a high demand for NMR spectroscopy solutions in Japan. Furthermore, increasing penetration of key players in Japan is anticipated to support market growth. For instance, in April 2023, JEOL Ltd. introduced a cryogen reclamation system to reduce the evaporation of liquid helium used in the superconducting magnet for NMR spectroscopy.
Moreover, the presence of sophisticated research institutes in the country focusing on NMR research is likely to boost the market over the forecast period. For instance, the National Institute for Material Science in Japan has a sloidstate NMR group to offer essential information & performance of key materials.
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Our clientele includes a mix of nuclear magnetic resonance spectroscopy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Japan nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
Japan Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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