Infrared Spectroscopy Market Analysis, Segmentation, Size, Share, Trend, Future Demand and is expected to reach USD 1.49 billion by 2029

July 5, 2022 |

11 min read

Infrared Spectroscopy Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Infrared Spectroscopy market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

Infrared Spectroscopy Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Infrared Spectroscopy market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

Innovative and superlative solutions are always in demand by today’s businesses to prosper in this rapidly changing marketplace. Being advanced and comprehensive in nature, Infrared Spectroscopy Market report endows professionals with a lot of aspects about the market and the industry. To provide a complete background analysis of the industry, this report includes an evaluation of the parental market. This detailed report takes into account primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. An international Infrared Spectroscopy Market research report also gives an in-depth overview of product specification, product type, technology, and production analysis.

All the market data and information is presented in the form that explains various facts and figures to the business. In the Infrared Spectroscopy Market report, industry trends have been described on the macro level which makes it easy to outline market landscape and probable future issues. In this report, the market drivers and restraints have been explained aptly using SWOT analysis. For obtaining in depth market report, request an analyst call or drop down an enquiry at any time. Thus, the Infrared Spectroscopy Market document helps with the rises in business activities, qualitative work done and superior profits.

Infrared Spectroscopy Market was valued at USD 1.0 billion in 2021 and is expected to reach USD 1.49 billion by 2029, registering a CAGR of 4.6% during the forecast period of 2022-2029. The “Pharma and biotech” accounts for the largest application segment in the infrared spectroscopy market within the forecasted period owing to the high demand for imaging and illumination components of endoscopes applications. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Segmentation:-

By Product Type (Benchtop IR Spectroscope, IR Microscopy, Portable IR Spectroscope, Hyphenated IR Spectroscope, Terahertz IR Spectroscope),

By Spectrum (Near Infrared, Far Infrared, Mid Infrared),

By Application (Pharma and Biotech, Food and Beverages, Environmental Testing, Academics, Security, Industrial, Petrochemicals, Semiconductors, Others),

By Technology (Dispersive Infrared Spectroscopy and Fourier Transform Infrared (FTIR) Spectroscopy)

Healthcare Infrastructure growth Installed base and New Technology Penetration

The Global infrared spectroscopy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for infrared spectroscopy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the infrared spectroscopy market. The data is available for historic period 2010-2020.

Major Players:-

Thermo Fisher Scientific, (U.S),
Agilent Technologies, Inc., (U.S),
PerkinElmer, Inc., (U.S),
Medtronic (Ireland),
Horiba, (Japan),
Teledyne FLIR LLC, (U.S),
Shimadzu Corporation, (Japan),
Miltenyi Biotec, (U.S),
Metrohm India Limited, (Switzerland),
Bruker, (U.S),
Hitachi High-Tech Corporation, (Japan),
JASCO, (Japan),
Newport Corporation, (U.S),
Bruker (US),
Abbott (US),
Oxford Instruments, (U.K),
Quest Medical Imaging B.V. (Netherlands),
Sartorius AG, (Germany) and
Teledyne Princeton Instruments

New Infrared Spectroscopy Market Development

In September 2020, Bruker Corporation acquired Canopy Biosciences, LLC (Missouri, US), a company that specialises in high multiplex biomarker imaging for immuno-oncology, immunology, and cell therapy. Bruker’s product offerings in multi-omics and fluorescence-based imaging techniques were expanded as a result of this acquisition.

New Infrared Spectroscopy Market Development

In September 2019, Bruker announced the launch of INVENIO X Fourier Transform Infrared (FTIR) system which helps in performing the molecular spectroscopy research and analysis. Invenio will improve the sensitivity and ensure faster data acquisition and processing.

Infrared Spectroscopy Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Increased Usage of Infrared Spectroscopy Will Drive Growth

The increase in the demand for infrared spectroscopy techniques in various industries including biological, food and beverages, pharmaceuticals, medicinal, chemistry, chemicals, and semiconductors, is the most significant factor driving the growth for this market. Rise in the use of infrared spectroscopy in the biological sector to detect various diseases and its usage in for food fingerprinting techniques are also expected to accelerate the overall growth of the market.

Furthermore, factors such as the expanding healthcare sector and increasing healthcare expenditure are also expected to fuel market growth. Moreover, the rise in the demand from emerging nations, rise in the adoption of NIR spectroscopy in seed detection also cushions the market’s growth within the forecasted period.

Restraints/Challenges Global Infrared Spectroscopy Market

High Costs

As compared with other substitute technologies, the infrared spectroscopy products are very costly, which is expected to obstruct market growth.

The technical limitations of infrared spectroscopy along with the usage of used devices instead of buying new ones are projected to challenge the infrared spectroscopy market in the forecast period of 2022-2029.

Opportunities

Growing Research and Development Activities to Offer Various Opportunities

The increased spending on research and development in the healthcare and pharmaceuticals industry will offer various growth opportunities within forecasted period. Moreover, the increase in the research and development investment in life sciences coupled with the rise in the technological advancements and developments in the field of spectroscopy giving rise to miniaturization and the digitization of IR detectors, are estimated to generate lucrative opportunities for the market.

This infrared spectroscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

Table of Contents-Snapshot

Chapter 1 Industry Overview
Chapter 2 Industry Competition by Manufacturers
Chapter 3 Industry Production Market Share by Regions
Chapter 4 Industry Consumption by Regions
Chapter 5 Industry Production, Revenue, Price Trend by Type
Chapter 6 Industry Analysis by Applications
Chapter 7 Company Profiles and Key Figures in Industry Business
Chapter 8 Industry Manufacturing Cost Analysis
Chapter 9 Marketing Channel, Distributors and Customers
Chapter 10 Market Dynamics
Chapter 11 Industry Forecast
Chapter 12 Research Findings and Conclusion
Chapter 13 Methodology and Data Source

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North America dominates the infrared spectroscopy market because of the rapid development and uptake of technology, presence of high-tech technology and developed infrastructure and large research industry within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rapid growth of the pharmaceuticals and food and beverage industries and the developing healthcare infrastructure within the region.

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