Nuclear Magnetic Resonance (NMR) Spectrometer Market to Witness Exponential Growth by 2022

By | 13th March 2018

MRC Announces the Publication of its Research Report – Global Nuclear Magnetic Resonance (NMR) Spectrometer Market 2018-2022

MRC recognizes the following companies as the key players in the global nuclear magnetic resonance (NMR) spectrometer market: Agilent Technologies, Bruker, JEOL, Merck Group, and Thermo Fisher Scientific

Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Increase in use of hyphenated technology. Hyphenation refers to the combination of one or more functions to develop one product. It requires two individual instruments to be built under a single casing, so both can work in tandem with each other. The advent of such products has increased the adoption of LC-NMR spectrometers.”

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According to the report, one of the major drivers for this market is Increasing focus on drug discovery and development. Pharmaceutical and biotechnology companies and research institutes are increasing their focus on drug discovery and development. This is due to the increasing prevalence of several chronic diseases. For instance, the four most prevalent chronic diseases are CVDs, cancer, chronic obstructive pulmonary disease (COPD), and type 2 diabetes. These diseases are caused by high blood pressure (BP), high blood cholesterol, and obesity. They are also caused due to lack of physical activity, unhealthy eating habits, and the use of tobacco. The increasing prevalence of such diseases has encouraged pharmaceutical to increase their investments in R&D to develop drugs to treat them.

Further, the report states that one of the major factors hindering the growth of this market is High cost of instruments. NMR spectrometers that are equipped with specific and advanced features are expensive to procure and maintain, which affects their adoption. Customizing NMR spectrometers according to the needs of the end-users will also increase their cost. On average, the cost of an NMR spectrometer ranges between $10,000 and $800,000. The total cost of ownership is the overall cost of the equipment over its lifecycle.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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