USD 1821 Million Growth Of Infrared Spectroscopy Devices Market Dominated By Agilent Technologies, Thermo Fisher Scientific Inc., Princeton Instruments, Sartorius AG etc. And Forecast To 2023

IR spectroscopy exploits the fact that different elements and molecules absorb frequencies characteristic of their structure. The infrared spectrum is a graph of infrared light absorbance (or transmittance) on the vertical axis vs. frequency or wavelength on the horizontal axis and is then used to detect, quantify and study different samples. IR spectroscopy has become an indispensable technique in numerous industries such as pharmaceutical, biotechnology, food, chemical etc. for quality control and raw material testing.

Infrared (IR) spectroscopy is a technique used for structure elucidation, detecting and quantifying elements or molecules in any sample which may be solid, liquid, or gas. The Global Infrared Spectroscopy Devices Market is expected to reach around USD 1821 million by the end of the forecast period and is expected to grow at a CAGR of ~7.2%.

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The Infrared Spectroscopy Devices Market is booming due to factors such as growing concern for safety, stringent regulations for purity of the product, growing cases of adulteration etc. However technological innovations are the critical market driving factor for the global infrared spectroscopy devices market. The most successful technology and product development strategies include

Development of high sensitivity and low response time detectors such as photo-conducting detectors
Growing miniaturization and portability
Coupling of IR spectroscopes (Hyphenation) with other instruments such as high-pressure liquid chromatography (HPLC) to gather more information on the sample in the most efficient manner.
The market constraints involve growing cost of the instruments and high capital investment requirement for setting up manufacturing of the instruments.

Global Infrared Spectroscopy Devices Market - Key Players

Some of the key players in this market are:

PerkinElmer
Jasco
Shimadzu
Bruker Corp.
Agilent Technologies
Thermo Fisher Scientific Inc.
Princeton Instruments
Sartorius AG

Global Infrared Spectroscopy Devices Market - Regional Analysis

Globally America is the largest market for infrared spectroscopy devices. Rapid development and uptake of technology and large research industry in the U.S. are the two most important factors for the dominance of America. Europe is the second-largest market for infrared spectroscopy devices. Asia pacific region is expected to be fastest growing region in infrared spectroscopy devices market due to growing research and development expenditure and fast-growing industrial economy.

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Global Infrared Spectroscopy Devices Market - Segments

Global infrared spectroscopy devices market has been segmented on the basis of spectrum sensitivity, which comprises near-infrared (NIR), mid-infrared (Mid IR), and far-infrared (Far IR). On the basis of technology; market is segmented into dispersive infrared spectroscopy and Fourier transform infrared (FTIR) spectroscopy. On the basis of product; market is segmented into bench top, portable, and hyphenated. On the basis of end user; market is segmented into hospitals and clinics, pharmaceutical industry and research laboratories.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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