The widespread
Infrared Spectroscopy report provides complete background analysis of the
industry which includes an assessment of the parental market. Market research
report is very helpful for business development as it assists with the better
leadership, improving income age, organizing market objectives and results in a
successful business. All the statistical and numerical data of this industry
report, which is calculated with the most established tools such as SWOT
analysis, is represented with the help of graphs and charts for the best user
experience and clear understanding. While making Infrared Spectroscopy market
report, markets on the local, regional as well as global level are explored.
Global Infrared Spectroscopy Market Analysis
Currently, infrared
spectroscopy is one of the most widely used spectroscopy techniques in the food
industry. Moreover, owing to its understanding of the molecular landscape and
chemical pathologies of various clinical diseases, the infrared spectroscopy is
a powerful investigative tool. It may lead to the discovery of new biomarkers
and the development of novel therapeutic strategies in the future. Owing to
increasing usage for various applications, the market is projected to show
lucrative growth over the forecasted period.
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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Global Infrared Spectroscopy Market Definition
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 Scope
The infrared
spectroscopy market is segmented on the basis of product type, spectrum,
application and technology. The growth amongst these segments will help you
analyze meager growth segments in the industries and provide the users with a
valuable market overview and market insights to help them make strategic
decisions for identifying core market applications.
Product Type
- Benchtop
IR Spectroscope
- IR
Microscopy
- Portable
IR Spectroscope
- Hyphenated
IR Spectroscope
- Terahertz
IR Spectroscope
On the basis of
product type, the infrared spectroscopy market is segmented into benchtop IR
spectroscope, IR microscopy, portable IR spectroscope, hyphenated IR
spectroscope and terahertz IR spectroscope. The benchtop IR spectroscope accounts
for the largest share within the market.
Spectrum
- Near
Infrared
- Far
Infrared
- Mid
Infrared
On the basis of
spectrum, the infrared spectroscopy market is segmented
into near infrared, far infrared and mid infrared.
Application
- Pharma
and Biotech
- Food
and Beverages
- Environmental
Testing
- Academics
- Security
- Industrial
- Petrochemicals
- Semiconductors
- Others
On the basis of
application, the infrared spectroscopy market is segmented into pharma and
biotech, food and beverages, environmental testing, academics, security,
industrial, petrochemicals, semiconductors and others. Pharma and biotech
segment will hold the largest market share owing to its high demand for imaging
and illumination components of endoscopes applications.
Technology
- Dispersive
Infrared Spectroscopy
- Fourier
Transform Infrared (FTIR) Spectroscopy
On the basis of
technology, the infrared spectroscopy market is bifurcated into dispersive
infrared spectroscopy and fourier transform infrared (FTIR) spectroscopy.
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Competitive Landscape and Infrared Spectroscopy Market Share Analysis
The infrared
spectroscopy market competitive landscape provides details by competitor.
Details included are company overview, company financials, revenue generated,
market potential, investment in research and development, new market
initiatives, global presence, production sites and facilities, production
capacities, company strengths and weaknesses, product launch, product width and
breadth, application dominance. The above data points provided are only related
to the companies’ focus related to infrared spectroscopy market.
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.
Infrared Spectroscopy Market Regional Analysis/Insights
The infrared
spectroscopy market is analyzed and market size insights and trends are
provided by country, product type, spectrum, application and technology as
referenced above.
The countries covered
in the infrared spectroscopy market report are U.S., Canada and Mexico in North
America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia,
Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South
Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest
of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South
Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle
East and Africa (MEA), Brazil, Argentina and Rest of South America as part of
South America.
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.
Important Sections from the Table of Contents:
Global Infrared
Spectroscopy Market Overview
Economic Impact on Industry
Smart Healthcare Market Competition by Manufacturers
Production, Revenue (Value) by Region
Supply (Production), Consumption, Export, Import by Regions
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy, and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Infrared Spectroscopy Market Forecast
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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. To gain more
info on the infrared spectroscopy market contact Data Bridge Market Research
for an Analyst Brief, our team will help you take an informed market
decision to achieve market growth.
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