Nuclear magnetic resonance spectroscopy market to be driven by growing demand in the biotechnology and pharmaceutical industries, advancements in NMR technology

Market Research Future (MRFR) has published a cooked research report on the “Global Nuclear Magnetic Resonance Spectroscopy Market” that contains information from 2018 to 2032. The nuclear magnetic resonance spectroscopy market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.

Global Nuclear Magnetic Resonance Spectroscopy Market Highlights

The global nuclear magnetic resonance spectroscopy market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 2.26 Billion by 2032.

The NMR spectroscopy market gains momentum due to its significance in molecular analysis across scientific disciplines. Wide-ranging applications in chemistry, biology, and material science, combined with evolving techniques, underpin the market's expansion.

MRFR recognizes the following companies as the key players in the global nuclear magnetic resonance spectroscopy market— JEOL Ltd.; Thermo Fisher Scientific Inc.; Bruker; Magritek; Oxford Instruments; Nanalysis Corp.; Anasazi Instruments, Inc.; QOneTec; Advanced Magnetic Resonance Limited

Segment Analysis

The global nuclear magnetic resonance spectroscopy market has been segmented based product, type and end-use.

On the basis of product, the market is segmented into instruments and consumables. The Instruments segment dominated the market in 2022. The growth of the market has been propelled by the advancement of NMR instrument technology. Some of these advances include stronger magnetic fields, better probe designs, improved automation, and software updates.  

Based on type, the global nuclear magnetic resonance spectroscopy market has been segmented into low-field NMR spectroscopy and high-field NMR spectroscopy. The high-field NMR spectroscopy category generated the most income in 2022. High-field NMR devices have grown in popularity since they operate at stronger magnetic fields (usually 600 MHz and above).

Based on end-use, the global nuclear magnetic resonance spectroscopy market has been segmented into academic, pharmaceutical & biotech companies, agriculture & food, chemical industry and others. The pharmaceutical & biotech companies segment dominated the market in 2022. In the early stages of drug discovery, NMR spectroscopy is a crucial tool for pharmaceutical and biotech organizations.

Explore In-depth Details: Nuclear Magnetic Resonance Spectroscopy Market Research Report

Regional Analysis

The global nuclear magnetic resonance spectroscopy market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe nuclear magnetic resonance spectroscopy market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The nuclear magnetic resonance spectroscopy market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World nuclear magnetic resonance spectroscopy market comprises of Middle East, Africa, and Latin America.

The North America nuclear magnetic resonance spectroscopy market dominated this market in 2022 (45.80%). North America, especially the United States, has a robust pharmaceutical and biotech industry. The NMR spectroscopy market is driven by the need for state-of-the-art analytical techniques in drug development, structural biology, and quality control.

Moreover, the second-largest market share for nuclear magnetic resonance spectroscopy is held by Europe. The scientific community is strong and there are many research institutions in Europe. These organizations carry out cutting-edge research utilizing NMR technology, which helps the market expand.

Additionally, the Asia-Pacific nuclear magnetic resonance spectroscopy market is expected to grow at the fastest CAGR from 2023 to 2032. Institutions of higher learning and science have grown all over the Asia Pacific region. As a result of these institutions' increased use of NMR spectroscopy for various research applications, the market is growing.

Furthermore, the rest of the world's nuclear magnetic resonance spectroscopy market is divided into the Middle East, Africa, and Latin America. Latin America's NMR spectroscopy market expands with growing applications in chemistry and biology research. Advances in spectroscopy techniques and their relevance to multiple scientific domains contribute to market progression.

Key Findings of the Study

• The global nuclear magnetic resonance spectroscopy market is expected to reach USD 2.26 Billion by 2032, at a CAGR of 5.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. Academic and scientific institutes have expanded across the Asia Pacific area.


• Based on product, the instruments segment was attributed to holding the largest market in 2022.


• JEOL Ltd.; Thermo Fisher Scientific Inc.; Bruker; Magritek; Oxford Instruments; Nanalysis Corp.; Anasazi Instruments, Inc.; QOneTec; Advanced Magnetic Resonance Limited