Molecular Spectroscopy Global Market Analysis 2022: Rising Use in Pharma, Environmental and Food & Beverage Industries Driving Growth - ResearchAndMarkets.com
The "Molecular Spectroscopy Market Analysis by Application, by Technology (UV-Visible Spectroscopy, Near-infrared Spectroscopy, Infrared Spectroscopy), and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Sep 30, 2022--
The "Molecular Spectroscopy Market Analysis by Application, by Technology (UV-Visible Spectroscopy, Near-infrared Spectroscopy, Infrared Spectroscopy), and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
Molecular spectroscopy is becoming increasingly popular in the pharmaceutical and biotechnology industries, environmental screening using molecular spectroscopy, increasing emphasis on ensuring the quality of food products, and technological advances in molecular spectroscopy systems are some of the primary market drivers. However, expensive molecular spectroscopy systems are expected to restrain the market growth.
In 2021, North America had the greatest share of the market due to the rising budget for environmental monitoring, escalating food safety issues, rising application of molecular spectroscopy in the pharmaceutical industry, and positive government initiatives and policies. The Asia Pacific region is predicted to grow at the fastest rate during the projection period. During the projection period, the market expansion is likely to be driven by China's thriving biotechnology sector, Japan's expanding biomedical and medical research, and India's developing food safety concerns.
