Middle East & Africa Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Middle East & Africa nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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MEA nuclear magnetic resonance spectroscopy market highlights
- The MEA nuclear magnetic resonance spectroscopy market generated a revenue of USD 12.3 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 12.3 million |
| Market revenue in 2030 | USD 16.6 million |
| Growth rate | 4.3% (CAGR from 2024 to 2030) |
| Largest segment | Academic |
| Fastest growing segment | Pharmaceutical & Biotech companies |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 1.7% of the global nuclear magnetic resonance spectroscopy market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 258.7 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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Middle East & Africa 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 47.97% in 2023. Horizon Databook has segmented the Middle East & Africa 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 MEA market comprises South Africa, Saudi Arabia, and other countries in Middle East & North Africa. The NMR spectroscopy market in MEA is expected to moderate during the forecast period. The moderate growth is due to the low awareness about NMR spectroscopy, high cost, and high operational cost to maintain these instruments.
However, the market is driven by economic development and the presence of high unmet healthcare needs, particularly in emerging markets, such as South Africa. Furthermore, organizations operating in this region are actively engaged in enhancing analytical science skills across Africa.
For instance, the Royal Society of Chemistry’s Pan Africa Chemistry Network (PACN) in collaboration with local universities, companies, and organizations aims to enhance and improve the skills & knowledge of scientists in key analytical techniques. These factors would further increase the awareness about the potential application of NMR spectroscopy, boosting the demand in the coming decade.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA nuclear magnetic resonance spectroscopy market size, by country, 2018-2030 (US$M)
Middle East & Africa Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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