- Infrared spectroscopy (IR) which analyzes the interaction of infrared radiation with matter to identify and characterize molecular structures, is an increasingly crucial analytical technique across a broad range of industries, including pharmaceuticals, chemicals, food and beverage, and environmental monitoring
- The escalating demand for IR spectroscopy is primarily fueled by stringent regulations in various industries, growing concerns over environmental pollution, and continuous technological advancements leading to more portable and user-friendly devices
- North America dominates the infrared spectroscopy market with the largest revenue share of 35.5% in 2024, characterized by the region's robust pharmaceutical and healthcare sectors, advanced research infrastructure, and substantial investments in R&D, particularly in the U.S.
- Asia-Pacific is expected to be the fastest growing region in the infrared spectroscopy market during the forecast period due to rapid industrialization, increasing investments in R&D, and rising emphasis on quality control and regulatory compliance in emerging economies
- Fourier transform infrared (FTIR) spectroscopy segment dominates the infrared spectroscopy market with a market share of 30.5% in 2024, driven by its ability to provide detailed molecular analysis by simultaneously capturing a broad spectrum of infrared light, making it highly efficient for various applications
