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Use of Molecular Spectroscopy in the Pharmaceutical Sector

The global molecular spectroscopy market is projected to be valued at USD 4.68 Billion in 2016 and is expected to grow at a CAGR of 6.6% to reach to USD 6.85 Billion by 2022. The growth of the overall molecular spectroscopy market can be attributed to the growing food safety concerns, the growth of the pharmaceutical and biotechnology industry, application of molecular spectroscopy in environmental screening and technological advancements in molecular spectroscopy. In the coming years, North America is expected to account for the largest share of the global molecular spectroscopy market.
Molecular Spectroscopy Market, by Application
  • Pharmaceutical Applications
  • Biotechnology & Biopharmaceutical Applications
  • Food & Beverage Testing
  • Environment Testing
  • Academic Research
Based on application, the molecular spectroscopy market is segmented into pharmaceutical application, environmental testing, food and beverage testing, biotechnology and biopharmaceutical application, academic research and other applications. In 2017, the pharmaceutical application segment is expected to account for the largest share of the molecular spectroscopy market and is also projected to register the highest CAGR during the forecast period.
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