Molecular Spectroscopy Mass Spectrometry Is The Largest Segment Driving Growth
Molecular Spectroscopy Market The global Molecular Spectroscopy Market is estimated to be valued at US$ 2867.18 Mn or Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Molecular spectroscopy refers to the study of interaction between electromagnetic radiation and molecules. It is widely used for identification of unknown substances, quantitative analysis, and characterization of chemical structure and interaction. Market key trends: Mass spectrometry segment accounts for over 30% market share of the global molecular spectroscopy market. The growth of this segment is attributed to increasing application of mass spectrometry techniques in various industries like pharmaceutical, biotechnology and food testing. Mass spectrometry enables analysis of molecular structure in very low concentration, which is driving its demand innew areas of proteomics ...