Circular Dichroism (CD) Spectrometers Market Report

Market Insights

What is Circular Dichroism (CD) Spectrometers?

A circular dichroism (CD) spectrometer refers to a laboratory instrument, which is used to investigate the chiral activities and molecular structure of biomolecules. Circular Dichroism (CD) Spectrometers operate on the Circular Dichroism (CD) principle, analyzing, and identifying chiral molecules via the usage of optical activities. It is extensively used to examine interactions with the other particles, the structure, and understand the effects of pH, temperature, and so on of biological molecules such as proteins and DNA. This device comprises a Photoelastic Modulator (PEM), which converts linear polarized light to circularly polarized light as well as an arc lamp, which emits UV radiation that interacts with the molecules.

The Circular Dichroism (CD) Spectrometers Market is estimated to grow from USD 33.7 million in 2020 to USD 47.9 million by 2026 at a healthy CAGR of 6.2% during the forecast period.

Figure: Circular Dichroism (CD) Spectrometers Market Size, 2020-2026 (USD Million)

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Market Drivers

Expanding pharmaceutical sector creates a strong demand for numerous drugs & vaccines, which creates a surge in the number of hospitals & clinics to cater to the rising number of patients, thus augmenting the circular dichroism (CD) spectrometers market growth. Also, to meet the growing demand for different medicines, pharmaceutical companies are increasingly focusing on R&D to develop and explore effective drugs for previously identified diseases and newer diseases that have emerged in past few years. Furthermore, a radical shift in drug development from chemical formulations to biological drugs necessitates the study of biological and organic molecules that can be analyzed using CD Spectrometers to research their behavior when affected by different factors.

Covid-19 Impact Analysis

The outbreak of COVID-19 moderately impacted the Circular Dichroism (CD) Spectrometers industry as the pandemic adversely affected the international trade activities, supply chains, and manufacturing activities across the globe. However, there was a huge burden on biopharmaceutical and research centers to innovate medicines and develop medical devices to treat COVID-19, which is likely to increase the government funding, thus positively influencing the market growth amid the pandemic.

Segments' Analysis

End-Use Trends

Based on end-use, the circular dichroism (CD) spectrometers market has been divided into the pharmaceutical industry, government and private research organizations, contract research organizations. The government and private research organizations segment held a significant market share in 2020. This is mainly attributed to rising funding from the public & private sectors for various research programs coupled with a growing number of government & private institutes and universities.

Regional Trends

By region, the North American Circular Dichroism (CD) Spectrometers market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The Circular Dichroism (CD) Spectrometers market growth can be ascribed to the region’s high adoption of technically advanced analytical tools, robust healthcare infrastructure, rising funding for research organizations & academic research programs, and increasing awareness regarding the benefits of biological drugs over chemical formulations.

The Asia-Pacific Circular Dichroism (CD) Spectrometers market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. This growth is mainly ascribed to high population growth, improving healthcare infrastructure, and expenditures. Moreover, favorable initiatives are taken by local governments to develop academic infrastructure as well as shifting of R&D activities to the Asia Pacific by international pharmaceutical companies, further bolstering the regional market growth during the review period.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Circular Dichroism (CD) spectrometers market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Circular Dichroism (CD) spectrometers market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on Circular Dichroism (CD) spectrometers market?
• What are the key strategies adopted by the major vendors to lead in the Circular Dichroism (CD) spectrometers market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the Circular Dichroism (CD) Spectrometers Market are-

• JASCO (Japan)
• Olis (Belgium)
• Bio-Logic (France)
• Aviv Biomedical (US)
• Applied Photophysics (UK)
• Bruker (US)

Target Audience

The target audience of Circular Dichroism (CD) Spectrometers Market includes-

• Circular Dichroism (CD) Spectrometers Vendors
• Circular Dichroism (CD) Spectrometers Manufacturers
• Circular Dichroism (CD) Spectrometers Distributors
• Organizations
• Government Bodies.

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