India Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
India nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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India nuclear magnetic resonance spectroscopy market highlights
- The India nuclear magnetic resonance spectroscopy market generated a revenue of USD 27.7 million in 2023 and is expected to reach USD 48.9 million by 2030.
- The India market is expected to grow at a CAGR of 8.5% 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 27.7 million |
| Market revenue in 2030 | USD 48.9 million |
| Growth rate | 8.5% (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, India accounted for 3.8% 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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India 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 40.07% in 2023. Horizon Databook has segmented the India 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.
Over the last few decades, India has become a hub for pharmaceutical & biotechnology companies. It has gained global attention due to the presence of a skilled & knowledgeable workforce and low capital investments.
Hence, due to the presence of rich resources and a large pool of existing R&D institutions, India has become one of the major areas for setting up research laboratories and manufacturing units by multinational companies.
In addition, public sector enterprises, such as the Biotechnology Industry Research Assistance Council (BIRAC) and the Department of Biotechnology (DBT), have promoted R&D in the biotechnology sector across the country.
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Target buyers of India 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 India nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into India nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
India Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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