Circular Dichroism (CD) Spectrometers Market - By Product (Linearly Polarized Light Sources, Circularly Polarized Light Sources, Multiple Light Sources), Type (Benchtop, Portable), End-use (Pharmaceutical Industry) – Global Forecast 2024 – 2032

Circular Dichroism (CD) Spectrometers Market Size

Circular Dichroism Spectrometers Market size was valued at around USD 39.9 million in 2023 and is expected to grow at a CAGR of 6.3% during the forecast period. The increasing popularity and demand for biologics is expected to be a key driving factor fueling the growth of the market.
 

The growing popularity of biologics can be attributed to their effectiveness in treating various diseases, advancements in genetic testing and engineering, and increasing demand for personalized medicine options. Factors such as the increased prevalence of chronic diseases, aging population, expansion of biologics indications, and improvements in healthcare infrastructure, are driving the rising popularity of biologics worldwide.
 

Biologics effectively manage chronic conditions such as cancer, autoimmune disorders, and infectious diseases, thereby improving patient outcomes and reducing healthcare costs, thus, further enhancing their popularity. These advantages of biologics are expected to propel the market for circular dichroism (CD) spectrometers.
 

Circular dichroism (CD) spectrometers are analytical instruments used to measure the difference in the absorption of left-handed circularly polarized light (L-CPL) and right-handed circularly polarized light (R-CPL) by chiral molecules. These molecules exhibit CD when they absorb different amounts of the two types of circularly polarized light due to their structural asymmetry.
 

Circular Dichroism Spectrometers Market Trends

Anticipated technological advancements in circular dichroism (CD) spectrometers are expected to drive market growth, owing to their numerous advantages that includes leveraging favourable technologies to enhance the efficacy and accuracy of the systems.
 

• One example of a technological advancement in circular dichroism (CD) spectrometers is the development of Scientex's Chirascan circular dichroism spectrometers. This type of devices allows for maximum light output, especially in the far UV wavelength region. This feature extends the spectral coverage of the spectrometer, enabling researchers to detect finer details about molecular structures.
   
• Additionally, these spectrometers are equipped with a digital data acquisition system that helps collect precise and accurate CD spectra quickly, enhancing productivity. Due to these enhanced features incorporation of such devices are anticipated to gain more popularity and demand in forecast period.
   
• Additionally, research is being conducted to improving the sensitivity, resolution, and data acquisition rates of the CD spectrometry to broader its application areas. For instance, manufacturers, such as JASCO Corporation, have developed High Throughput Circular Dichroism (HTCD) Plus, which incorporates a modified high-throughput screening workstation to boost efficiency. These type of systems streamlines the process of analyzing chiral samples, provides researchers with rapid and accurate results for a wide range of applications, and attracts their attention.
   

Circular Dichroism Spectrometers Market Analysis

Based on product, the market is segmented into linearly polarized light sources, circularly polarized light sources, and multiple light sources. The circularly polarized light sources segment is anticipated to reach USD 32.7 million by 2032.
 

• As research in fields such as biochemistry, biophysics, pharmaceuticals, and materials science continue to advance, there is a growing need for sophisticated analytical techniques. Circular dichroism (CD) spectroscopy, which relies on circularly polarized light sources, is a powerful tool for studying the structure and interactions of chiral molecules. The increasing complexity of research questions in these areas drives the segment expansion.
   
• Additionally, circularly polarized light sources are used for characterizing materials with chiral properties, such as crystals, polymers, and nanoparticles. Understanding the chiral behavior of materials is crucial for various industries including pharmaceuticals, cosmetics, and nanotechnology, anticipated to derive the increased demand for circularly polarized light sources.  
   

Based on type, the CD spectrometers market is segmented into benchtop and portable. The benchtop segment is anticipated to reach USD 58.6 million by 2032.
 

• Benchtop CD spectrometers are often more versatile in terms of wavelength range, sensitivity, and experimental capabilities. They may offer a wider range of measurement modes and accessories, allowing for more complex experiments and sample analyses making them more prominently used by researchers and other healthcare professionals.
   
• Additionally, benchtop CD spectrometers are generally more stable and reproducible compared to portable instruments, making them suitable for long-term studies and routine laboratory use.

The circular dichroism spectrometers market by end-use is categorized into pharmaceutical industry, government and private research organizations, and contract research organizations (CROs). The pharmaceutical industry segment dominates the market with a revenue of around USD 16.6 million in 2023.
 

• Increased investment in pharmaceutical R&D leads to the development of more drug candidates, particularly biologics, which require extensive structural characterization. CD spectrometers play a crucial role in this process by providing detailed information about the secondary and tertiary structures of biomolecules, aiding in the selection and optimization of drug candidates. This increasing investment by pharmaceutical industries is anticipating propelling the segment landscape.   
   
• Moreover, the pharmaceutical industry has seen a significant increase in the development and use of biologics, including monoclonal antibodies, recombinant proteins, and nucleic acid-based therapeutics. CD spectrometers play a vital role in characterizing the structure and stability of biologics, ensuring their efficacy, safety, and regulatory compliance, anticipates their increased use pharma sector.

North America circular dichroism spectrometers market accounted for USD 21.4 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
 

• North America, particularly the U.S., is home to numerous research institutions, academic centers, and pharmaceutical companies engaged in extensive research and development activities. The continuous investment in scientific research on CD spectrometers drives their demand in the region.
   
• Furthermore, academic research institutions and government agencies in North America provide substantial funding support for scientific research initiatives. This funding enables researchers to acquire state-of-the-art instrumentation, including CD spectrometers, to advance their studies in fields such as structural biology, protein chemistry, and molecular biophysics.
   

Circular Dichroism Spectrometers Market Share

The circular dichroism (cd) spectrometers industry is consolidated in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced product based on different technologies is among a key market strategy. Some of the leading industry players including Jasco, Applied Photophysics Ltd, On-Line Instrument Systems, Inc. (Olis), Bruker Corporation, and Bio-Logic Science Instrument among others have a significant presence in the market.
 

Circular Dichroism Spectrometers Market Companies

Some of the eminent market participants operating in the circular dichroism (CD) spectrometers industry include:

• Jasco
• Applied Photophysics Ltd.
• On-Line Instrument Systems, Inc. (Olis)
• Bruker Corporation
• Bio-Logic Science Instrument, Inc
• A.KRUSS Optronic GmbH
• Hinds Instruments, Inc.
   

Circular Dichroism (CD) Spectrometers Industry News:

• In April 2023, JASCO Corporation launched the Palmtop Raman Spectrometer, which combines benchtop performance with portability, fitting comfortably in the palm of the hand. This launch demonstrates JASCO's commitment to developing cutting-edge solutions for the scientific community, meeting the demands for portable yet powerful instrumentation. This launch is expected to increase the company’s reputation and its positioning in the market.
   
• In March 2021, JASCO Corporation introduced the FP-8050 Series of spectrofluorometers, representing a completely new range of fluorescence spectrophotometers. This launch enabled the company with increased customer base and improved its market positioning.
   

Circular dichroism spectrometers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Product

• Linearly polarized light sources
• Circularly polarized light sources
• Multiple light sources

Market, By Type

• Benchtop
• Portable

Market, By End-use

• Pharmaceutical industry
• Government and private research organizations
• Contract research organizations (CROs)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa