NMR Software Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: MC240124 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the NMR software market was valued at USD 1.2 billion in 2022, and a CAGR of 5.2% is expected during the forecast period. It is used for drug discovery, structural confirmation, and identifying various pharmaceutical effects with natural products. It enables users to generate real-time images; it is dynamic, with various vendors offering solutions for data analysis, processing, and interpretation in the field of NMR spectroscopy. The market is driven by advancements in NMR technology and the growing demand for efficient data analysis tools in research and industries like pharmaceuticals and chemistry.
Advancements in NMR technology, increasing research and development activities, rising demand in drug discovery, expanding applications in various industries, automation and integration, growing emphasis on data accuracy and precision, and increasing adoption of cloud-based solutions are driving the growth in the NMR software market.
Impact of
Covid-19
The COVID-19 pandemic has accelerated the adoption of
remote work and digital solutions, impacting the NMR software market
significantly. Increased demand for virtual collaboration tools and data
analysis software has likely influenced growth within the NMR software sector.
Advancement in spectroscopy techniques and rising applications in drug
discovery, material science, and structural biology are driving the growth of
the market significantly. Increasing research and development in various
activities in various industries contributes to the demand for sophisticated
NMR software solutions.
Growth Drivers
Increasing emphasis on precision and efficiency in data
analysis, coupled with rising research and development activities across
industries, contributes to the demand for sophisticated NMR software solutions.
Increasing demand for NMR technology in biotechnology and the pharmaceutical
industry is driving the growth of the market significantly. This software is
widely used in the food and beverage industry, the chemical industry,
healthcare, and the chemical industry, which is driving growth in the market.
Increasing demand for cost-saving and efficiency in the healthcare sector is
driving the growth of the market significantly. Rising investment in research
and development activities related to NMR software is driving the demand for
this software and driving growth in the market.
Segmentation
By Products
·
Instruments
·
Consumables
By Type
·
Low Field NMR
Spectroscopy
·
High Field NMR Spectroscopy
By End-Use
·
Academic
·
Pharmaceutical
and Biotech Companies
·
Agriculture and
Food
·
Chemical
·
Others
Regional
Outlook
·
Asia Pacific
·
North America
·
Europe
·
Latin America
·
Middle East and
Africa
NMR Software
Market by Type Segmentation
On the basis of type, low-field NMR spectroscopy, and high-field NMR spectroscopy. Low-field NMR spectroscopy refers to NMR experiments conducted at magnetic field strengths significantly lower than those of traditional high-field NMR instruments, which typically operate at several Tesla. Low-field NMR instruments typically operate at several Tesla. Rising advancements in research and development are driving the growth of the market. Rising demand for NMR software in academia and biotechnology is driving the growth of low-field NMR. The advantages of low-field NMR include cost-effectiveness, portability, and reduced susceptibility to sample-dependent artifacts. It has low sensitivity and resolution compared to high-field NMR. Low-field NMR finds applications in areas such as food analysis, environmental monitoring, and point-of-care diagnostics due to its practicality and ease of use.
NMR Software
Market by Products Segmentation
On the basis of the products, the NMR software market
is segmented into instruments and consumables. Instruments typically refer to
the actual hardware component, such as the NMR spectrometer itself. Consumables
are the leading segment and are expected to lead during the forecast period.
Consumables include items that are in regular use and need replacement, like
sample tubes, solvents, and calibration standards. Both instruments and
consumables contribute to the overall functionality and maintenance of NMR
systems within this market. Increasing demand for it in the food and biotech
industries is driving growth in the market.
NMR Software Market
by End-Use Segmentation
On the basis of the end-user, the NMR software market
is segmented into academic, pharmaceutical and biotech, agriculture and food,
chemicals, and others. Each sector utilizes NMR software for diverse
applications, such as structure determination, metabolomics, and drug
development. In pharmaceuticals and biotech, it plays a crucial role in drug
discovery and development. It is utilized for the structural elucidation of
complex molecules. The software assists researchers in analyzing nuclear
magnetic resonance data, facilitating, and understanding molecular structure,
which is essential for optimizing drug design and ensuring product quality in
these industries. In the agriculture and food industries, NMR software finds
application in analyzing food composition, detecting contaminants, and studying
metabolites. For the chemical sector, it aids in quality control and process
optimization. The end-use segmentation in these industries reflects a diverse
range of applications, from ensuring food safety to enhancing the efficiency of
chemical processes through the advanced analytical capabilities provided by NMR
software.
Regional
Outlook
On the basis of the regions, the NMR software market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is leading in the market due to advanced technology, advanced research facilities, increasing disposable income, increased investment in life sciences, and the pharmaceutical industry. Research activities, industrial collaboration, and technological advancements are also driving growth in the North American and European markets. In the Asia-Pacific region, the NMR software market is witnessing growth fueled by expanding research and development activities in pharmaceuticals, biotechnologies, and academic institutions. With a rising focus on advanced analytical techniques, China, Japan, and India are the key players.
Increasing investment in healthcare and life sciences contributes to the demand for NMR software solutions. Collaboration between regional research institutes and global players further enhanced the market’s development in the Asia-Pacific region. In Europe, the NMR software market is robust, driven by a well-established scientific research infrastructure. Countries like Germany, the United Kingdom, and France are major contributors, hosting renowned academic and industrial research centers. The pharmaceutical and biotechnology sectors in Europe extensively use NMR technology for drug discovery and development. A supportive regulatory environment and an emphasis on innovation contribute to the continuous growth of the NMR software market in the European region.
Key Players
·
JEOL Ltd
·
Bruker
·
QOne Tec
·
Anasazai
Instruments INC
·
Oxford
Instruments
·
Magritek
·
Advanced
Magnetic Resource Ltd
·
Other Players