Infrared
Spectroscopy Devices Market Share, Trends and Growth Analysis By Spectrum
Sensitivity (Near-Infrared (Nir), Mid-Infrared (Mid Ir), And Far-Infrared (Far
Ir)); By Technology (Dispersive Infrared Spectroscopy And Fourier Transform
Infrared (Ftir) Spectroscopy)); By Product (Bench Top, Portable, And
Hyphenated) And By End Users (Hospitals And Clinics, Pharmaceutical Industry
And Research Laboratories) - Global Forecast Till 2023
Overview:
Market Research Future (MRFR) in
their report on the infrared
spectroscopy devices market growth predicted a 7.2% CAGR during the
forecast period (2018-2023). The infrared spectroscopy devices market is
expected to cross a valuation of USD 1821 million by the end of 2023. Infrared
spectroscopy devices ensure interaction between infrared spectroscopy and
matter. Mostly based on the absorption technology, the method can be used to
study properties of chemicals, be it solid, liquid, or gaseous. The
spectroscopy creates a spectrum which can be read through a light absorbance
graph. By matching the resonant frequency of the spectroscopy with the
vibrational frequency of molecules, the method helps in identifying the nature
of the molecule.
The technology is quite popular in both organic and inorganic
chemistry. MRFR while discussing the report included detailed segmental
analysis, along with an in-depth study of the factors that can promote the
market substantially in the coming years
.
Infrared spectroscopy devices
have widespread association in verticals that includes forensic science,
chemical industry, healthcare, pharmaceutical, paint, polymer, electronics,
food, energy, and biotechnology among many. The technology plays a significant
role in testing quality and maintaining raw material standard. Imposition of
strict government regulations to maintain purity standard and safety has
influenced industries in adopting such advanced technology. With advancing
technologies, the response time are also going down substantially owing to
which the market can witness substantial growth. The products are becoming
portable and the size of these machines are getting miniaturized owing to which
its industrial percolation is increasing. In addition, its association with
other products such as high-pressure liquid chromatography (HPLC) is
bearing fruits for many verticals owing to which the infrared spectroscopy
devices market can expect robust growth during the forecast period.
Infrared Spectroscopy Devices
Market Segmentation:
MRFR segments the global infrared
spectroscopy devices market by spectrum sensitivity, technology,
product, and end-users.
Based on the spectrum
sensitivity, the infrared spectroscopy devices market can be segmented into
comprises near-infrared (NIR), mid-infrared (Mid IR), and far-infrared (Far
IR). Mid IR can play a pivotal role in taking the market forward.
Technology-wise, the infrared
spectroscopy devices market includes dispersive infrared spectroscopy and
Fourier transform infrared (FTIR) spectroscopy.
Product-based segmentation of the
infrared spectroscopy devices market can be segmented into bench top, portable,
and hyphenated. Portable devices are getting significant market traction.
Based on the end-user, the
infrared spectroscopy devices market comprises hospitals and clinics,
pharmaceutical industry, and research laboratories. Pharmaceutical industry
segment can register significant market growth during the forecast period.
Infrared Spectroscopy Devices
Market Regional Analysis:
Based on the region, MRFR
segments the infrared spectroscopy devices market into regions like North
America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
Towing to the technological
superiority the Americas lead the global market with comparative ease. Their
robust infrastructure in the research sector give them an edge over the rest.
This is also leading to a rapid development and technological implementation in
various fields that are helping the market in its growth. In addition, the
presence of the U.S. is playing a substantial role in the regional market.
Major manufacturers are also based out of this region.
Europe can be considered the
second largest infrared spectroscopy devices market in terms of valuation. The
APAC region is set to become the fastest region of the market during the
forecast period. The region is witnessing significant rise in research and
development expenditure and the industrial economy is rapidly evolving. A lot
of global influencers are now eyeing the region for a better expansion plan.
Infrared Spectroscopy Devices
Market Competitive Landscape:
Notable players as recorded by
MRFR in this infrared spectroscopy devices market are Jasco, Shimadzu, PerkinElmer,
Agilent Technologies, Bruker Corp., Princeton Instruments, Thermo Fisher
Scientific Inc., Sartorius AG and others.
In 2018, Agilent launched 8700
LDIR that included a new type of chemical imaging that introduces greater
clarity and speed to serve pharmaceutical, biomedical, food, and materials
science. Its accuracy level also quite awe-inspiring.
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