Nuclear Magnetic Resonance (NMR) Spectrometer Market Outlook, Regional Analysis and Revenue Forecast till 2025
In the spectroscopy market nuclear magnetic resonance spectrometer is expected to have highest growth in the near future and has dominated the regional market in the recent past. Based on application the market is segmented as biotechnology, pharmaceuticals, biopharmaceuticals, environmental testing, research testing and food & beverages testing. Pharmaceutical segment is expected to witness highest growth over the forecast period owing to high demand from healthcare sector. The increase in necessity to enhance drug safety and efficacy, coupled with reduction in costs related to the drug development and discovery process.
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