Nuclear Magnetic Resonance Spectroscopy Market Share, Size, Trends, Industry Analysis Report, By Type (Low field, High-field); By Product (Instruments, Consumables); By End-Use; By Region; Segment Forecast, 2022 - 2030
The global nuclear magnetic resonance spectroscopy market size is expected to reach USD 1,034.14 million by 2030, according to a new study by Polaris Market Research. The report “Nuclear Magnetic Resonance Spectroscopy Market Share, Size, Trends, Industry Analysis Report, By Type (Low field, High-field); By Product (Instruments, Consumables); By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for nuclear magnetic resonance spectroscopy is due to its rise in application in many pharmaceutical and biotech companies. Furthermore, increasing the adoption of techniques to develop drugs and a rise in demand for generic medicine can bolster market growth.
The unique ability of nuclear magnetic resonance spectroscopy to evaluate both quantitative and non-destructive analysis in solution and solid state is raising its demand in the biological, environmental, healthcare, and non-healthcare sectors. Furthermore, the expansion of NMR in healthcare and academic research centers for better responses to the detection of any abnormal molecular compound is driving the growth of the market.
The COVID-19 pandemic had a positive impact on the demand for the market as it was able to analyze the activity of the covid-19 virus with the proteins of the human body. Furthermore, its demand also rises in various industries such as food and beverage, oil and gas, and majorly in the healthcare industry, analyzing abnormal behavior of many non-curable diseases, which positively impacts the growth of the market.
Nuclear Magnetic Resonance Spectroscopy Market Report Highlights
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