Global Infrared Spectroscopy Devices Market Size, Share, Forecast Report, 2020-2027

Infrared (IR) spectroscopy is a technique used for structure elucidation, detecting and quantifying elements or molecules in any sample which may be solid, liquid, or gas. IR spectroscopy exploits the fact that different elements and molecules absorb frequencies characteristic of their structure. The infrared spectrum is a graph of infrared light absorbance (or transmittance) on the vertical axis vs. frequency or wavelength on the horizontal axis and is then used to detect, quantify and study different samples. IR spectroscopy has become an indispensable technique in numerous industries such as pharmaceutical, biotechnology, food, chemical etc. for quality control and raw material testing.

The market for IR spectroscopy devices is booming due to factors such as growing concern for safety, stringent regulations for purity of the product, growing cases of adulteration etc. However technological innovations is the critical market driving factor for the global infrared spectroscopy devices market. The most successful technology and product development strategies include

Development of high sensitivity and low response time detectors such as photo-conducting detectors
Growing miniaturization and portability
Coupling of IR spectroscopes (Hyphenation) with other instruments such as high pressure liquid chromatography (HPLC) to gather more information on the sample in the most efficient manner.
The market constraints involve growing cost of the instruments and high capital investment requirement for setting up manufacturing of the instruments.
The global market for infrared spectroscopy devices is expected to reach around USD 1821 million by the end of the forecast period and is expected to grow at a CAGR of 7.2%.
Key Players for Global Infrared spectroscopy devices Market:
Some of the key players in this market are: PerkinElmer, Jasco, Shimadzu, Bruker Corp., Agilent Technologies, Thermo Fisher Scientific Inc., Princeton Instruments, Sartorius AG and others.

Segments:

Global infrared spectroscopy devices market has been segmented on the basis of spectrum sensitivity, which comprises near-infrared (NIR), mid-infrared (Mid IR), and far-infrared (Far IR). On the basis of technology; market is segmented into dispersive infrared spectroscopy and Fourier transform infrared (FTIR) spectroscopy. On the basis of product; market is segmented into bench top, portable, and hyphenated. On the basis of end user; market is segmented into hospitals and clinics, pharmaceutical industry and research laboratories.