Canada Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
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Canada nuclear magnetic resonance spectroscopy market highlights
- The Canada nuclear magnetic resonance spectroscopy market generated a revenue of USD 16.5 million in 2023 and is expected to reach USD 24.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.9% 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 16.5 million |
| Market revenue in 2030 | USD 24.6 million |
| Growth rate | 5.9% (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, Canada accounted for 2.3% 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 North America, U.S. nuclear magnetic resonance spectroscopy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 24.6 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| QOneTec | View profile | 11-50 | Dietlikon, Zurich, Switzerland, Europe | https://www.qonetec.com |
| Anasazi Instruments | View profile | 11-50 | New Palestine, Indiana, United States, North America | https://www.aiinmr.com |
| Magritek Ltd | View profile | 51-100 | Aachen, Nordrhein-Westfalen, Germany, Europe | http://www.magritek.com |
| Nanalysis Scientific Corp Ordinary Shares | View profile | 107 | Bay 105, 90 Freeport Blvd. NE, Calgary, AB, Canada, T3J 5J9 | https://www.nanalysis.com |
| Oxford Instruments PLC | View profile | 1871 | Tubney Woods, Abingdon, Oxfordshire, United Kingdom, OX13 5QX | https://www.oxinst.com |
| Jeol Ltd | View profile | 3351 | 1-2, Musashino 3-chome, Akishima, Tokyo, Japan, 196-8558 | http://www.jeol.co.jp |
| Bruker Corp | View profile | 9707 | 40 Manning Road, Billerica, MA, United States, 01821 | https://www.bruker.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Canada 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 44.85% in 2023. Horizon Databook has segmented the Canada 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.
Canada NMR spectroscopy market is anticipated to grow at a lucrative CAGR during the forecast period. Growth in the country can be attributed to the increasing healthcare expenditure and expanding pharmaceutical industry.
However, a majority of pharmaceutical and biotechnology industry players in Canada are small- & medium-sized companies, which limits the adoption of innovative and advanced NMR spectroscopy products.
Furthermore, extensive R&D initiatives being undertaken by local players for COVID-19 and cancer as a result of continuous public-private funding are anticipated to create lucrative opportunities for NMR spectroscopy in the country.
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Target buyers of Canada nuclear magnetic resonance spectroscopy market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Canada nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada End Use - Nuclear Magnetic Resonance Spectroscopy Market size, 2023 - 2030 (US$M)
Canada Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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