Australia Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Australia nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Australia nuclear magnetic resonance spectroscopy market highlights
- The Australia nuclear magnetic resonance spectroscopy market generated a revenue of USD 16.3 million in 2023 and is expected to reach USD 24.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, academic was the largest revenue generating end use in 2023.
- Agriculture and Food is the most lucrative end use segment registering the fastest growth during the forecast period.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 16.3 million |
| Market revenue in 2030 | USD 24.8 million |
| Growth rate | 6.2% (CAGR from 2024 to 2030) |
| Largest segment | Academic |
| Fastest growing segment | Agriculture and Food |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Academic, Pharmaceutical & Biotech companies, Agriculture and Food, Chemical Industries |
Other key industry trends
- In terms of revenue, Australia accounted for 2.2% of the global nuclear magnetic resonance spectroscopy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan nuclear magnetic resonance spectroscopy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 48.9 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia nuclear magnetic resonance spectroscopy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Academic was the largest segment with a revenue share of 49.08% in 2023. Horizon Databook has segmented the Australia nuclear magnetic resonance spectroscopy market based on academic, pharmaceutical & biotech companies, agriculture and food, chemical industries covering the revenue growth of each sub-segment from 2018 to 2030.
The NMR spectroscopy market growth in Australia is driven by the technological advancements, R&D activities, and favorable government initiatives. Moreover, excellent research facilities, world-class researchers, and a flexible regulatory framework have made Australia a lucrative market for pharmaceutical and biotechnology innovation.
According to the data published by the Australian Trade and Investment Commission, Australia has become hub to a network of over 470 biotechnology companies. The high presence of established pharmaceutical & biotechnology companies and extensive R&D initiatives being undertaken by them are expected to increase the need for NMR spectroscopy tools & systems.
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Our clientele includes a mix of nuclear magnetic resonance spectroscopy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Australia nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
Australia Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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