UK Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
UK nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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UK nuclear magnetic resonance spectroscopy market highlights
- The UK nuclear magnetic resonance spectroscopy market generated a revenue of USD 80.2 million in 2023 and is expected to reach USD 113.4 million by 2030.
- The UK 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.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 80.2 million |
| Market revenue in 2030 | USD 113.4 million |
| Growth rate | 5.1% (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, UK accounted for 11.1% 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 Europe, UK nuclear magnetic resonance spectroscopy market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 71.5 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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UK 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 46.01% in 2023. Horizon Databook has segmented the UK 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 presence of established R&D infrastructure and investments by the government are some key factors driving the NMR spectroscopy market growth in the UK. As part of the UK Research and Innovation, in 2019, the Biotechnology and Biological Sciences Research Council (BBSRC) and Medical Research Council (MRC) provided around half of the national public sector investment in life sciences.
Moreover, supportive research legislations in the UK and other countries in Europe are likely to support market growth. Companies from the UK are continuously innovating in spectrometry. For instance, in November 2020, the University of Warwick, received the UK’s first NMR machine by Bruker capable of generating 1GHz range.
Moreover, in September 2019, Oxford Instruments introduced a novel high resolution 60MHz benchtop NMR system, X-Pulse, for research. Hence, the abovementioned factors are anticipated to support the NMR spectroscopy market growth in the UK.
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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 UK nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into UK nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
UK Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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