The infrared spectroscopy market is expected to grow at a CAGR of 4.6% during the forecast period (2022 to 2029)

Infrared spectroscopy is the most widely used analytical technique, and it is used by scientists in a wide range of activities, including protein characterization, nanoscale semiconductor analysis, and space exploration. Infrared spectroscopy has numerous advantages, including fast scanning, high resolution, and high sensitivity. It also has a wide range of applications, including substance identification, molecular structure determination, impurity detection, and functional group identification. Infrared spectroscopy has no phase constraints and can be used for both qualitative and quantitative analysis.

Global 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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Some of the major players operating in the infrared spectroscopy market are 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 (U.S), among others.

Healthcare Infrastructure growth Installed base and New Technology Penetration
The 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.

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