Circular Dichroism Spectroscopy Market Scope
Circular dichroism spectroscopy, a type of light absorption spectroscopy measures the difference in absorbance of right- & left-circularly polarized light instead of the usually used absorbance of isotropic light by a substance. Circular dichroism (CD) spectrometer is an analytical instrument that is used to study the molecular structure & chiral activities of biomolecules. Novel modalities of CD spectroscopy, including fluorescence detection CD & stopped flow CD, are likely to boost the adoption of CD spectrometers in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | JASCO (United States), Applied Photophysics Ltd. (United Kingdom), Bio-Logic Science Instrument (France), Hinds Instruments, Inc. (United States), BioTools, Inc. (United States), Bruker Corporation (United States), On-Line Instrument Systems, Inc. (Olis) (United States) and Aviv Biomedical Inc. (United States) |
CAGR | 6.4% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Research Analyst at AMA estimates that French, United Kingdom, and United States Players will contribute to the maximum growth of Global Circular Dichroism Spectroscopy market throughout the predicted period.
JASCO (United States), Applied Photophysics Ltd. (United Kingdom), Bio-Logic Science Instrument (France), Hinds Instruments, Inc. (United States), BioTools, Inc. (United States), Bruker Corporation (United States), On-Line Instrument Systems, Inc. (Olis) (United States) and Aviv Biomedical Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Circular Dichroism Spectroscopy market by Type , by Application (Protein Studies, Quantitative Analysis of Pharmaceuticals, Formulation Studies, DNA/RNA Interactions, Purity Testing of Optically Active Substances and Others) and Region with country level break-up.
On the basis of geography, the market of Circular Dichroism Spectroscopy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In August 2022, Innovent Biologics collaborated with Sanofi to develop two cancer drugs called SAR444245/non-alpha IL-2 for neck and head tumors and skin cancer.
In March 2021, JASCO Corporation announces the release of a completely new range of fluorescence spectrophotometers. The FP-8050 Series includes four instruments that cover the entire range of applications for biological, environmental, chemical, and materials analysis. Sensitivity is always a priority in fluorescence measurement; all instruments in the FP-8050 Series have been developed with the latest electronic and optical technologies, including a new highly stable long-life continuous output xenon arc lamp with a duration of up to 3000 hours. The high output lamp provides class-leading sensitivity for each instrument. As regulatory compliance and guaranteed data accuracy become increasingly important, all instruments include a mercury lamp and comprehensive validation as standard. Spectral correction is also available for all instruments.
Influencing Trend:
Technological Advancements in Circular Dichroism Spectroscopy Systems and Growing Adoption among End-use Applications
Market Growth Drivers:
Growing Use of Circular Dichroism Spectroscopy in Pharmaceutical & Biotechnology Industries
Challenges:
Expensive Circular Dichroism Spectrometers
Restraints:
Presence of Alternative Analytical Tools
Opportunities:
Ongoing Innovations in Circular Dichroism Spectroscopy Field and Growing Opportunities from Untapped Markets
Key Target Audience
Circular Dichroism Spectrometer Manufacturers, Raw Materials Suppliers, Aircraft Component Manufacturers Using 3D Printing Technology, Government and Research Organizations, Industry Associations, Healthcare Industry, End Users and Others