Brazil Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Brazil nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Brazil nuclear magnetic resonance spectroscopy market highlights
- The Brazil nuclear magnetic resonance spectroscopy market generated a revenue of USD 14.4 million in 2023 and is expected to reach USD 19.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, academic was the largest revenue generating end use in 2023.
- Pharmaceutical & Biotech companies 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 14.4 million |
| Market revenue in 2030 | USD 19.7 million |
| Growth rate | 4.6% (CAGR from 2024 to 2030) |
| Largest segment | Academic |
| Fastest growing segment | Pharmaceutical & Biotech companies |
| 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, Brazil accounted for 2.0% 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 Latin America, Brazil nuclear magnetic resonance spectroscopy market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 2.7 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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Brazil 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 39.58% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is anticipated to be the most lucrative market for NMR spectroscopy products in Latin America. This can be attributed to the presence of an established pharmaceutical industry compared to other countries in Latin America.
Furthermore, increasing public-private initiatives to facilitate access to advance NMR spectroscopy solutions are expected to drive market growth. For instance, LNBio is a component of the Brazilian Center for Research in Energy and Materials (CNPEM), which operates as a private R&D institution under the supervision of the Brazilian Ministry of Science, Technology, and Innovations (MCTI).
The center is equipped with cutting-edge NMR spectrometers, including high-field instruments used for various applications, from elucidating molecular structures in drug development to analyzing agricultural and environmental samples.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Brazil nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
Brazil Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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