North America Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
North America nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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North America nuclear magnetic resonance spectroscopy market highlights
- The North America nuclear magnetic resonance spectroscopy market generated a revenue of USD 221.3 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 221.3 million |
| Market revenue in 2030 | USD 309.2 million |
| Growth rate | 4.9% (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, North America region accounted for 30.5% 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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North America 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 46.9% in 2023. Horizon Databook has segmented the North America 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.
Extensive Research & Development (R&D) activities are being undertaken for developing therapeutics & vaccines to treat numerous chronic & infectious diseases, propelling market growth.
Moreover, increasing public-private investments in cancer research is also expected to boost the need for NMR spectroscopy in the region, fueling market growth. Continuous advancements in NMR spectroscopy and high adoption of innovative & advanced NMR spectroscopies & solutions in the U.S. are expected to create lucrative opportunities in the market.
Furthermore, the expansion of pharmaceutical and biotechnology sectors in Canada are promoting R&D activities, which is expected to support the North America market growth during the forecast period. However, low affordability of advanced & expensive NMR products for small- & medium-sized companies in Canada might be a major challenge in the country.
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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 continent-level data and insights on the North America nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This continent databook contains high-level insights into North America nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America nuclear magnetic resonance spectroscopy market size, by country, 2018-2030 (US$M)
North America Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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