Kuwait Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Kuwait nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Kuwait nuclear magnetic resonance spectroscopy market highlights
- The Kuwait nuclear magnetic resonance spectroscopy market generated a revenue of USD 0.8 million in 2023 and is expected to reach USD 1.0 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 4.2% 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 0.8 million |
| Market revenue in 2030 | USD 1.0 million |
| Growth rate | 4.2% (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, Kuwait accounted for 0.1% 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 Middle East & Africa, South Africa nuclear magnetic resonance spectroscopy market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.0 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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Kuwait 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 50% in 2023. Horizon Databook has segmented the Kuwait 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 witnessed significant growth in Kuwait due to several key factors. Academic and research institutions have integrated NMR into their programs, fostering its use in diverse scientific disciplines. Government support and funding for R&D, often involving NMR equipment, have further promoted its adoption.
The pharmaceuticals in Kuwait rely on NMR for research, quality control, and compliance, contributing to its growth. NMR spectroscopy is also instrumental in environmental analysis, food safety, and quality control, aligning with Kuwait’s growing environmental & safety concerns.
Collaborative research efforts and a skilled workforce have expanded NMR’s applications, while technological advancements and analytical services have made it more accessible. Furthermore, the need for regulatory compliance in the pharmaceutical industry has driven the adoption of advanced techniques like NMR.
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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 Kuwait nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
Kuwait Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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