Growing Need for Analyzing Physical and Chemical Properties of Biomolecules to Fuel the Growth of Process Spectroscopy Market


 Process spectroscopy is widely used across a wide range of applications in the medical industry. This includes analysis of the physical properties of drugs, the physical and chemical properties of minerals, and the physical and chemical properties of biomolecules and other organic compounds. The application of Spectroscopy in the fields of material science and chemistry has resulted in significant advancement in many areas. The technology used in this technology can be applied for numerous applications in the life sciences and chemistry and also in many other areas. The medical industry, particularly in the pharmaceutical and diagnostic industries, has widely used the application of spectroscopy techniques to determine the composition and structure of various materials such as drugs, proteins, cells, organs, blood, and tissue samples.

Increasing adoption of spectroscopic techniques across pharmaceutical and food & agriculture sectors is driving the growth of the process spectroscopy market. The growing need for quality food & drugs coupled with the increasing implementation of strict rules and regulations by the government is again propelling the market growth. Continuous innovations and upgradations in the spectroscopy techniques due to various discoveries is again expected to drive the market growth in the near future. Growing demand for this process from other sectors such as chemicals and oil & gas is also projected to foster the growth of the process spectroscopy market. On the other hand, the high capital investment required for process spectroscopy is estimated to restrict the growth of the process spectroscopy market over the forecast timeframe. 

From the geographical point of view, North America is expected to gain significant growth over the forecast period and this is attributed to the high shale gas production in countries such as the US and Canada. According to the U.S. Energy Information Administration (EIA), U.S. dry shale gas production was about 25.29 trillion cubic feet (Tcf), and equal to about 75% of total U.S. dry natural gas production in 2019. Also, well-established R &D infrastructure in the region is another major factor driving the regional growth of the process spectroscopy market.

Key Developments:

    1. In July 2020, HORIBA, a provider of measurement and analysis solutions for advanced research and Raman microscopy and nanoscopy industry, has announced a strategic collaboration with Qnami, a provider of scanning NV magnetometry based on diamond quantum sensing solution

Comments

Post a Comment

Popular posts from this blog

Bourbon Whiskey Is the Most Popular Whiskey in America and In Many Other Countries around the World

Image
  Whiskey or single malt whiskey is simply a form of distilled beverage made by distilling alcohol from grain mash or even by blending both. Different grains are utilized for different types, such as corn, barley, rye, and wheat. In Scotland, they call their whiskey black tea, a lighter caramel scotch, Irish cream, and liqueur. Whichever form is utilized, the result is usually a flavorful and smooth drink that has a distinct taste, and many people prefer a whiskey with a lower alcohol content. For example, single malt whiskey is the least expensive. The highest price however is the least distilled; that is Bourbon whiskey. Bourbon whiskey is the most popular whiskey in America and in many other countries around the world. Its price range is very wide, starting from as low as about US$ 12 a bottle to over a hundred dollars. So the price definitely varies. Whichever class you belong to, there is always a whiskey that will suit your preference. Single malt scotch whiskey is made ...
Read more

Viral Vectors And Plasmid DNA Manufacturing Market Is Gaining Major Traction With Oxford Biomedica Plc Entering Into A 3-Year Agreement With Boehringer Ingelheim For The Manufacture And Supply Of Various Types Of Viral Vectors

Image
  Viral Vectors are proteins that have been discovered to be essential for the spread of various viruses and infectious agents. These proteins can cause serious health risks if they are improperly introduced or if a wrong agent is used to fight them off. Viral vectors have often been used in various gene therapy procedures with the ultimate objective of curing various ailments in the biological fields of neurology, gene therapy, cancer, and metabolic disorder. Clinical studies regarding viral vectors remain one of the key factors in the manufacturing of viral vectors. Plasmids are used to deliver DNA contain genes for antibiotic resistance. In fact, scientists have developed many uses of plasmids and created software to record the DNA sequences of plasmids for applications in various techniques. Thus, such continuous R&D activities can potentially stimulate growth of the viral vectors and plasmid DNA manufacturing market . Recently, in April 2021, Oxford Biomedica plc entered...
Read more

Hard Surface Flooring Market Is Expected To Witness Robust Growth As Mohawk Industries Introduces Newly Imagined 30,000-Square Foot Floor Space At The International Surface Event (TISE)

Image
  There are many reasons why people choose hard surface floors over other types of flooring. Hard surfaces offer a level of durability and are very aesthetically pleasing. Unfortunately, choosing this type of flooring can be confusing and costly. There are four main hard surface varieties namely vinyl plank, laminate, solid hardwood, and engineered wood. Each has their own style strengths and provide different advantages. Increasing population coupled with rapid urbanization is expected to drive growth of the global hard surface flooring market . According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Furthermore, according to the World Bank, in 2019, the global population reached 7.674 billion, increasing from 6.84 billion in 2009. As a result of this, building...
Read more