Strategic Analysis to Understand the Competitive Outlook of NMR Magnets Market

Nuclear Magnetic Resonance (NMR) is an analytical chemistry technique in which there are nuclei in a magnetic field and it re-emit electromagnetic radiation. The theory behind NMR comes from the spin of a nucleus that can generate magnetic field without any external magnetic field so that the nuclear spins are random in direction. Nuclear Magnetic Resonance (NMR) is theoretically a powerful complex analytical tool. It is used for research to determine the content and purity of the sample. There are varieties of NMR techniques that are available and are used to acquire the desired results. In addition, Nuclear magnetic resonance is used in advanced medical imaging technique like magnetic resonance imaging (MRI). NMR is also used in vivo phosphorus NMR spectroscopy in which the chemical shift is used to provide an indication.

On the basis of type Nuclear Magnetic Resonance (NMR) market has been segmented into resonance frequency and nuclei. By resonance frequency the market can be further segregated into sub-100 MHz, 300-400 MHz, 500 MHz, 600 MHz, 700-750MHz, 800-850 MHz and others. The global Nuclear Magnetic Resonance market can be categorized based on nuclei into 1H, 2H, 31P, 23 Na, 14N, 13C and 19F.

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.The global market for Nuclear Magnetic Resonance market is expected to witness a progressive growth in the coming years. The increasing demand from the pharmaceutical sector is one of the key factors that is driving the growth of Nuclear Magnetic Resonance (NMR) market. In addition, the rising number of application in institutions is expected to generate a promising opportunities for market players in the global Nuclear Magnetic Resonance in the forecast period.  However, the problem is to set up the small scale reaction in NMR lab because experience shows that experiment condition cannot be mimicked. The need for skilled professionals to operate this highly sophisticated system and the high cost of instruments are the factors that hinder the growth of the Nuclear Magnetic Resonance (NMR) market. Moreover, significant capital investment is required to purchase new systems due to which many customers are focusing on upgrading their existing equipment. Nevertheless, the technological developments and innovations is expected to fuel the growth of this market.

The global Nuclear Magnetic Resonance market is segmented on the basis of end user and geography. On the basis of end user, the global Nuclear Magnetic Resonance (NMR) market is segmented into oil and gas, chemical and pharmaceutical among others. The pharmaceutical segment leads the market and is expected to have a promising growth in the coming years. The development in NMR magnets is attributable to the growing demand for these across various industries including oil and gas and academics. In academics, the NMR magnets are used in organic chemistry lab extensively for structure elucidation. European agencies have proactively funded NMR technology development and invested in the build out of academic core research facilities.

The global Nuclear Magnetic Resonance (NMR) magnets market is further categorized based on geography into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Europe held the largest market share in terms of revenue, followed by North America. Western Europe comprises the biggest market owing to its strong country specific funding. In Asia Pacific region Japan leads the market but China is growing at a greater rate than Japan owing to the high growth in this region that have improved the investment scenario and also the collaboration of key players with the complimentary companies.

The key vendors in the global Nuclear Magnetic Resonance (NMR) magnets market are Bruker (The United States), Jeol (Japan), Thermo Fisher (The United States), Nanalysis (Canada), Shanghai Huantong (Shanghai), Oxford Instruments (United Kingdom) and Agilent Technologies (The United States) among others.

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