Middle East & Africa Molecular Spectroscopy Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The Middle East & Africa molecular spectroscopy market was valued at US$ 104.70 million in 2022 and is expected to reach US$ 140.22 million by 2030; it is estimated to register a CAGR of 3.7% from 2022 to 2030.

Increase in Drug Discovery and R&D Fuels Middle East & Africa Molecular Spectroscopy Market

The demand for and use of molecular spectroscopy increased significantly during the COVID-19 pandemic. In July 2022, Bruker PhenoRisk launched PACS RuO, a research-only NMR test for molecular phenonomic research on blood samples from "long COVID-19" patients. The PhenoRisk PACS RuO test holds promise for exploring early-stage risk factors, monitoring longitudinal recovery, and prospective secondary organ damage in cardiovascular disease, type II diabetes, inflammation, and renal dysfunction.

In addition, molecular spectroscopy plays a crucial role in drug discovery and development. Raman spectroscopy has proven to be one of the most powerful analytical techniques for drug discovery and pharmaceutical development.

According to BioPharma Trend 2020, the pharmaceutical industry's rapid advances in artificial intelligence (AI) are expected to lead to significant spending on research and development to discover new therapeutic targets. In addition, biotech investors are increasingly relying on using AI in drug development and are investing heavily in AI-based drug development methods. These scientific achievements have resulted in many groundbreaking discoveries of highly effective drugs for chronic diseases. For this reason, most investors gravitate toward drug discovery and R&D activities, which are expected to drive the molecular spectroscopy market in the future.

Middle East & Africa Molecular Spectroscopy Market Overview

The Middle East & Africa molecular spectroscopy market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of the Middle East & Africa. Saudi Arabia is projected to hold the largest market share in the Middle East & Africa. This is due to Saudi Arabia's Ministry signing agreements with biotech companies for establishing production facilities in the country. For instance, Saudi Arabia's Ministry of Investment (MISA) and Insilico Medicine, a clinical-stage AI-driven drug discovery company, declared that they signed a memorandum of understanding (MoU) to support the development of the AI-driven biotech industry. Expansion strategies adopted by international companies to strengthen their presence in the Middle East & Africa are also expected to benefit the molecular spectroscopy market in the coming future. Further, the market is driven by factors such as extensive research projects undertaken by several research institutes owing to the availability of infrastructure, flourishing biotechnology sector, and research facilities in the UAE and Saudi Arabia.

Middle East & Africa Molecular Spectroscopy Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Molecular Spectroscopy Market Segmentation

The Middle East & Africa molecular spectroscopy market is segmented into product, technology, application, and country.

Based on product, the Middle East & Africa molecular spectroscopy market is bifurcated into instrument and accessories. The instrument segment held a larger market share in 2022.

In terms of technology, the Middle East & Africa molecular spectroscopy market is categorized into UV-Visible spectroscopy, infrared spectroscopy, nuclear magnetic resonance spectroscopy, Raman spectroscopy, Near-infrared spectroscopy, and others. The UV-Visible spectroscopy segment held the largest market share in 2022.

By application, the Middle East & Africa molecular spectroscopy market is segmented into academic and research applications, biotechnology applications, pharmaceutical applications, and others. The academic and research applications segment held the largest market share in 2022.

Based on country, the Middle East & Africa molecular spectroscopy market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa molecular spectroscopy market share in 2022.

Horiba Ltd; Thermo Fisher Scientific Inc; Merck KGaA; Revvity Inc; JEOL Ltd; Shimadzu Corp; JASCO Corp; Bruker Corp; Agilent Technologies, Inc.; Oxfords Instruments plc; and Teledyne Princeton Instruments are some of the leading companies operating in the Middle East & Africa molecular spectroscopy market.

Product Code: BMIRE00030605

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Molecular Spectroscopy Market - Key Market Dynamics

4.1 Market Drivers
- 4.1.1 Growing Adoption and Use of Molecular Spectroscopy
- 4.1.2 Rapid Growth of Pharmaceutical Industry
4.2 Market Restraints
- 4.2.1 Shortage of Technically Skilled Personnel and High Cost of Maintenance and Installation
4.3 Market Opportunities
- 4.3.1 Increasing Use of Nuclear Magnetic Resonance Spectroscopy
4.4 Future Trends
- 4.4.1 Increase in Drug Discovery and R&D
4.5 Impact of Drivers and Restraints:

5. Molecular Spectroscopy Market - Middle East & Africa Analysis

5.1 Molecular Spectroscopy Market Overview
5.2 Molecular Spectroscopy Market Revenue (US$ Million), 2020-2030

6. Middle East & Africa Molecular Spectroscopy Analysis-by Product

6.1 Overview
6.2 Instrument
- 6.2.1 Overview
- 6.2.2 Instrument: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
6.3 Accessories
- 6.3.1 Overview
- 6.3.2 Accessories: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)

7. Middle East & Africa Molecular Spectroscopy Market Analysis-by Technology

7.1 Overview
7.2 UV-Visible Spectroscopy
- 7.2.1 Overview
- 7.2.2 UV-Visible Spectroscopy: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Infrared Spectroscopy
- 7.3.1 Overview
- 7.3.2 Infrared Spectroscopy: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Nuclear Magnetic Resonance Spectroscopy
- 7.4.1 Overview
- 7.4.2 Nuclear Magnetic Resonance Spectroscopy: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Raman Spectroscopy
- 7.5.1 Overview
- 7.5.2 Raman Spectroscopy: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
7.6 Near-Infrared Spectroscopy
- 7.6.1 Overview
- 7.6.2 Near-Infrared Spectroscopy: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)

8. Middle East & Africa Molecular Spectroscopy Market Analysis-by Application

8.1 Overview
8.2 Academic and Research Applications
- 8.2.1 Overview
- 8.2.2 Academic and Research Applications: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Biotechnology Applications
- 8.3.1 Overview
- 8.3.2 Biotechnology Applications: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Pharmaceutical Applications
- 8.4.1 Overview
- 8.4.2 Pharmaceutical Applications: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)

9. Middle East & Africa Molecular Spectroscopy Market-Country Analysis

9.1 Middle East & Africa Molecular Spectroscopy Market-Country Analysis
- 9.1.1 Middle East & Africa: Molecular Spectroscopy Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.1 Saudi Arabia: Overview
    - 9.1.1.1.1 Saudi Arabia: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.1.1.2 Saudi Arabia: Molecular Spectroscopy Market Breakdown, by Product
    - 9.1.1.1.3 Saudi Arabia: Molecular Spectroscopy Market Breakdown, by Technology
    - 9.1.1.1.4 Saudi Arabia: Molecular Spectroscopy Market Breakdown, by Application
  - 9.1.1.2 South Africa: Overview
    - 9.1.1.2.1 South Africa: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.1.2.2 South Africa: Molecular Spectroscopy Market Breakdown, by Product
    - 9.1.1.2.3 South Africa: Molecular Spectroscopy Market Breakdown, by Technology
    - 9.1.1.2.4 South Africa: Molecular Spectroscopy Market Breakdown, by Application
  - 9.1.1.3 UAE: Overview
    - 9.1.1.3.1 UAE: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.1.3.2 UAE: Molecular Spectroscopy Market Breakdown, by Product
    - 9.1.1.3.3 UAE: Molecular Spectroscopy Market Breakdown, by Technology
    - 9.1.1.3.4 UAE: Molecular Spectroscopy Market Breakdown, by Application
  - 9.1.1.4 Rest of Middle East & Africa
    - 9.1.1.4.1 Overview
    - 9.1.1.4.2 Rest of Middle East & Africa: Molecular Spectroscopy Market - Revenue and Forecast to 2030 (US$ Million)
    - 9.1.1.4.3 Rest of Middle East & Africa: Molecular Spectroscopy Market Breakdown, by Product
    - 9.1.1.4.4 Rest of Middle East & Africa: Molecular Spectroscopy Market Breakdown, by Technology
    - 9.1.1.4.5 Rest of Middle East & Africa: Molecular Spectroscopy Market Breakdown, by Application

10. Middle East & Africa Molecular Spectroscopy Market-Industry Landscape

10.1 Overview
10.2 Growth Strategies in the Molecular Spectroscopy Market
10.3 Inorganic Growth Strategies
- 10.3.1 Overview
10.4 Organic Growth Strategies
- 10.4.1 Overview

11. Company Profiles

11.1 HORIBA, Ltd.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Thermo Fisher Scientific Inc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Merck KGaA
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Revvity, Inc.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 JEOL Ltd.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Shimadzu Corp
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 JASCO Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 Bruker Corp
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 Agilent Technologies, Inc.
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10 Oxford Instruments plc
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
11.11 Teledyne Princeton Instruments
- 11.11.1 Key Facts
- 11.11.2 Business Description
- 11.11.3 Products and Services
- 11.11.4 Financial Overview
- 11.11.5 SWOT Analysis
- 11.11.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms