Market Analysis: Europe Molecular Spectroscopy Market

Europe molecular spectroscopy market is registering a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to high development in technology entry in the R&D sector of different industries and an increase in supply for hyper-sophisticated analytical tools by numerous worldwide study organizations are adding to business development.

Market Definition: Europe Molecular Spectroscopy Market

Spectroscopy is an advanced analytical technology that is commonly used in multiple sectors, such as healthcare and manufacturing. It tests and determines the size, structure and composition of the material so that a precise assessment can be carried out. With advancements in technology and innovation in the healthcare industry, molecular spectroscopy is the most powered segment. It is generally used to measure the spectrum reaction of molecules associated with multiple frequencies and energy. Technological advances have improved effectiveness and improved image quality.

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Market Drivers

The applications of molecular spectroscopy in environmental screening is driving the market growth
There is been a surge in the demand for molecular spectroscopy  in pharmaceutical and biotechnological companies which is boosting the market growth
Molecular spectroscopy has gone under various technological advancements and innovations which is fueling the market growth
There is a rising focus on ensuring the quality of food products which is fueling the market growth
The rise in the emphasis for discovery of newer molecules by pharmaceuticals is driving the market growth

Market Restraints

The molecular spectroscopy systems are costly which restricts the market growth
The lack of technically skilled professionals is hampering the market growth
Segmentation: Europe Molecular Spectroscopy Market

By Technology

Nuclear Magnetic Resonance Spectroscopy
Fourier-Transform NMR Spectroscopy
Continuous-Wave NMR Spectroscopy
Solid-State NMR Spectroscopy
UV-Visible Spectroscopy
Single-Beam UV-Visible Spectroscopy
Dual-Beam UV-Visible Spectroscopy
Array-Based UV-Visible Spectroscopy
Infrared Spectroscopy
Infrared Spectroscopy Market, By Spectrum
Mid-Wave Infrared Spectroscopy
Short-Wave Infrared Spectroscopy
Far-Wave Infrared Spectroscopy
Infrared Spectroscopy Market, By Type
Benchtop
Infrared Microscopy
Portable & Handheld
Hyphenated
Terahertz
Near-Infrared Spectroscopy
Scanning Near-Infrared Spectroscopy
Fourier-Transform Near-Infrared Spectroscopy
Filter Nir Spectroscopy/Acoustic-Optical Tunable Filter-Nir Spectroscopy
Color Measurement Spectroscopy
Raman Spectroscopy
Raman Spectroscopy Market, By Sampling Technique
Surface-Enhanced Raman Scattering
Tip-Enhanced Raman Scattering
Other Raman Spectroscopy Techniques
Raman Spectroscopy Market, By Type
Micro-Raman Spectroscopy
Probe-Based Raman Spectroscopy
FT-Raman Spectroscopy
Other Technologies

By Application

Pharmaceutical Applications
Food & Beverage Testing
Biotechnology & Biopharmaceutical Applications
Environmental Testing
Academic Research
Other Applications

By Country

Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe

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Key Developments in the Market:

In July 2019, Edinburgh Instruments has introduced a fresh RM5 Raman Microscope to be produced in Scotland. It is best suited for analysis and research as it provides spatial resolution, uncompromised spectral resolution and sensitivity. This release will boost the company's brand range and also grow the client base.
In August 2017, PerkinElmer introduced the NIR Spectrometer for linear, qualitative and adulterant testing apps. It will help technical and non-technical laboratory professionals in the analysis of quality assurance and test samples in order to comply with sector standards. This release has extended the company's brand range and will boost its market share.

Competitive Analysis:

Europe molecular spectroscopy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of molecular spectroscopy market for Europe

Key Market Competitors:

Few of the major market competitors currently working in the Europe molecular spectroscopy market are Thermo Fisher Scientific, ABB, PerkinElmer Inc., Keit Ltd, Ibsen Photonics A/S, Carl Zeiss AG, VIAVI Solutions Inc., Raptor Photonics, Magritek Ltd, Thorlabs, Inc., Avantes BV, Agilent Technologies, Inc., Merck KGaA, B&W Tek, StellarNet, Inc., Si-ware, Galaxy Scientific Inc., Block Engineering, LLC, Siemens, Danaher, Bruker and HORIBA, Ltd. among others.