Global Infrared (IR) Spectroscopy Market is Projected to Reach at a Higher CAGR by Regional Outlook, Segmentation, Trend, Share, Size, Application and Forecast to 2024

Global Infrared (IR) Spectroscopy Market is segmented by product type , spectrum, applications, and by geography. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Infrared spectroscopy is the most commonly used analytical technique. It is used by scientific researchers in many activities, such as protein characterization, nanoscale semiconductor analysis, and space exploration. Infrared spectroscopy provides several advantages, such as high scan speed, high resolution, and high sensitivity. It also provides a wide range of applications, such as identification of substances, determination of molecular structure, detection of impurities, and identification of functional groups. Infrared spectroscopy can be used in both qualitative and quantitative analysis and it does not have phase constraints.

Global Infrared Spectroscopy Market 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 Applications (Pharma and Biotech, Food and Beverages, Environmental Testing, Academics, Security, Industrial, Petrochemicals), By Geography (North America, South America, Europe, Asia-Pacific, Rest of the World) – Trends and Forecast to 2024

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Competitive Analysis :
The global IR spectroscopy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some examples of recent strategies/developments are: In February 2014, Thermofisher Scientific, Inc. acquired Life Technology Inc., in November 2014, Agilent Technologies introduced its portable FTIR package among others. The report includes market shares of IR spectroscopy market for global, Europe, North America, Asia Pacific and Rest of the World.

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Major Market Competitors:

• ABB Group,
• Teraview Ltd,
• Teledyne Technologies Inc.,
• Agilent Technologies,
• Bayspec, Inc.,
• Horiba, Ltd.,
• Spectra Analysis Instruments Inc.,
• Avantes,
• Bruker Corporation,
• Carl Zeiss Spectroscopy GmbH,
• Galaxy Scientific,
• Gasera,
• Ibsen Photonics,
• EMD Millipore Corporation,
• PerkinElmer Inc.,
• Shimadzu Corporation,
• Thermo Fisher Scientific,
• among others.

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Market Segmentation:

The global IR spectroscopy market is also segmented into 3 types on the basis of spectrum Near Infrared spectroscopy, far infrared spectroscopy and medium infrared spectroscopy.
On the basis of application:- Pharma and biotech, food and beverages, industrial, security, petrochemicals, environmental testing and, academics.
In 2015, Pharma and biotech holds the majority share of this market. Owing to recent patent cliff, the biopharmaceutical industry is focusing upon biosimilar, this requires cell culture medium for cell line development.
Based on geography:- North & South America, Europe, Asia-Pacific and, Middle East & Africa.

In 2016, North America is expected to dominate the IR spectroscopy market with 40.9% market share, followed by Europe and Asia-Pacific.

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