HOME Research Insight Bruker Corporation, Thermo Fisher Scientific, and Agilent Technologies Dominate the Molecular Spectroscopy Market

Bruker Corporation, Thermo Fisher Scientific, and Agilent Technologies Dominate the Molecular Spectroscopy Market

The overall molecular spectroscopy market is dominated by three major players which account for approximately 45% of the market. These players include Bruker Corporation (U.S.), Agilent Technologies (U.S.), and Thermo Fisher Scientific (U.S.).

Bruker Corporation is the market leader in the NMR Spectroscopy segment, which accounts for a major share in the global molecular spectroscopy market. The company also offers a wide range of other molecular spectroscopy products including FT-IR, NIR, and Raman spectroscopy. The leadership position of the company can be attributed to its extensive focus on research and development, which has led to the introduction of several molecular spectroscopy products during 2011 to 2014. The firm has been a recipient of government grants from Germany and the U.S. for various projects related to early-stage research and development. These grants and sponsorships play a pivotal role in the company’s R&D activities.

Thermo Fisher Scientific, Inc. is another major player in the molecular spectroscopy market. The company has a well-established brand and has operations in over 150 countries. Furthermore, the company is actively involved in investing in R&D, to introduce new molecular spectroscopy products in the market. The company invested $395.5 million on R&D in 2013, an increase of 5.1% over $376 million in 2012. During 2012 to 2014, the company launched seven new molecular spectroscopy products. Agilent Technologies has been active in the NMR technology arena, which is evident from the launch of ProPulse 500 and 600 MHz NMR Systems in November 2013.

Various key growth strategies such as new product launches, acquisitions, expansions, agreements, partnerships, collaborations, and joint ventures were mainly adopted by key players such as Bruker Corporation, Agilent Technologies, Thermo Fisher Scientific, PerkinElmer, and Danaher Corporation. These players adopted these strategies to increase their market shares. For instance, in May 2013, Agilent Technologies collaborated with the College of Chemistry at the University of California, Berkeley, to redesign and rebuild the chemistry and chemical engineering laboratories in the University. The laboratory will be equipped with a comprehensive collection of Agilents latest high-performance chromatography and molecular spectroscopy instruments and software. Thus, market players are investing both efforts and resources in growth strategies, to gain a competitive advantage in the molecular spectroscopy market.

Related Reports:

Molecular Spectroscopy Market by Technology (NMR (FT, Continuous Wave), UV-Visible (Photodiode Array, Handheld), IR (Terahertz, Benchtop) NIR (FT-NIR) Raman (SERS, TERS, FT Raman), by Application (Pharmaceutical, Food) - Forecast to 2018

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