UAE Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
UAE nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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UAE nuclear magnetic resonance spectroscopy market highlights
- The UAE nuclear magnetic resonance spectroscopy market generated a revenue of USD 1.3 million in 2023 and is expected to reach USD 2.0 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.3% 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 1.3 million |
| Market revenue in 2030 | USD 2.0 million |
| Growth rate | 6.3% (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, UAE accounted for 0.2% 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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UAE 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 46.15% in 2023. Horizon Databook has segmented the UAE 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 the United Arab Emirates (UAE) NMR spectroscopy market can be attributed to favorable government initiatives, such as the launch of awareness programs and providing funds for R&D. For instance, in 2019, the Abu Dhabi Government generated a USD 1.09 billion fund to boost R&D as part of wider measures to increase business in the capital.
This fund was intended to provide rebates on R&D expenditure and costs of new activities in Abu Dhabi. Such initiatives are predicted to boost R&D activities, increasing the demand for analytical instruments, including NMR spectroscopy.
Furthermore, several initiatives being undertaken by various organizations to boost biotechnology and biopharmaceutical sectors are anticipated to support market growth in the UAE. The Dubai Biotechnology and Research Park (DuBiotech) is a science & business park devoted to the biotechnology sector.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into UAE nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
UAE Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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