Global Infrared Spectroscopy Market – Industry Trends - Forecast to 2026

  • Medical Devices
  • Upcoming Report
  • May 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Infrared Spectroscopy Market By  Product Type (Benchtop IR Spectroscope, IR Microscopy, Portable IR Spectroscope, Hyphenated IR Spectroscope, Terahertz IR Spectroscope), Spectrum (Near Infrared, Far Infrared, Mid Infrared), Application (Pharma and Biotech, Food and Beverages, Environmental Testing, Academics, Security, Industrial, Petrochemicals, Semiconductors, Others), Technology (Dispersive Infrared Spectroscopy and Fourier Transform Infrared (FTIR) Spectroscopy), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global Infrared Spectroscopy Market

The global infrared spectroscopy market is expected to rise to an estimated value of USD 1.65 billion by 2026 registering a substantial CAGR of 7.2% in the forecast period of 2019-2026. This rise in the market can be attributed to rising R&D investment in pharma and life sciences, strict regulations and laws pertaining to process analytical technology in the pharmaceuticals industry, and technological advancements and developments in the field of spectroscopy

Market Definition: Global Infrared Spectroscopy Market

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.

Market Drivers

  • Stringent laws and regulations related to process analytical technology in the pharma industry
  • Rising demand for near-infrared spectroscopy for food fingerprinting techniques which are of high risk like the food fingerprinting in dairy products, detecting adulteration and contamination
  • Rise in R&D investment in pharma and life sciences
  • Technological Advancements and developments in the field of spectroscopy giving rise to miniaturization and the digitization of IR detectors, thereby leading to the overall growth and development of this market
  • The rising use of IR spectroscopy in the biological sector to detect various diseases fosters the growth of the market
  • The rising demand for IR spectroscopy techniques in various industries including biological, medicinal, chemistry, chemicals, food and beverages (F&B), pharmaceuticals, and semiconductors

Market Restraints

  • Technical limitation of IR spectroscopy in analyzing groups of compound mixtures
  • Availability of used IR spectroscopy devices in the market

Segmentation: 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 Application

  • Pharma and Biotech
  • Food and Beverages
  • Environmental Testing
  • Academics
  • Security
  • Industrial
  • Petrochemicals
  • Semiconductors
  • Others

By Technology

  • Dispersive Infrared Spectroscopy
  • Fourier Transform Infrared (FTIR) Spectroscopy

By Geography

  • North America

    • US
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In June 2016, Anasys Instruments, pioneering leader in nanoscale IR spectroscopy, developed a new technique of AFM-IR by the help of researchers and scholars at Changchun Institute of Applied Chemistry based in China. This new technique would provide quantitative analysis of chemical concentrations of polymer nanodomains of rubber particles
  • In February, 2019, Teledyne Technologies Incorporated, a global leader in IR spectroscopy has entered into an affirmative agreement to acquire the Scientific Imaging Businesses of Roper Technologies, which includes imaging solutions, spectrographs and optics for advanced research in physical sciences, life sciences research and spectroscopy imaging. With this acquisition, Teledyne would expand its scientific imaging business and would provide better imaging solutions using advanced spectroscopy imagine

Competitive Analysis: Global Infrared Spectroscopy Market

The global infrared 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. The report includes market shares of infrared spectroscopy market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Infrared Spectroscopy Market

Few of the major market competitors currently working in the infrared spectroscopy market are TeraView Limited, Teledyne Technologies Incorporated, Agilent Technologies, Inc., BaySpec, Inc., HORIBA ABX, Ltd., Spectra Analysis Instruments, Inc., Avantes BV, Bruker, Carl Zeiss AG, Galaxy Scientific Inc, Gasera Ltd., Ibsen Photonics A/S, Merck KGaA, Darmstadt, PerkinElmer Inc., Shimadzu Corporation, VIAVI Solutions Inc., JASCO., Teledyne Princeton Instruments, Menlo Systems, TOPTICA Photonics AG, Advancedphotonix, among others.

Research Methodology: Global Infrared Spectroscopy Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

  • Current and future of global infrared spectroscopy market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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