Infrared Spectroscopy Devices Market 2019: Technology Development Trends and Business Opportunities for Stakeholders by 2023
The report covers the Current scenario and future growth prospects of the ‘Infrared Spectroscopy Devices Market’ from 2018-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources
Pune, Maharashtra – February 21, 2019 /MarketersMedia/ —
Market Research Future (MRFR) in their report on the Infrared Spectroscopy Devices Market 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.
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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.
Global Infrared Spectroscopy Devices Market – Key Players
Some of the key players in this market are:
PerkinElmer
Jasco
Shimadzu
Bruker Corp.
Agilent Technologies
Thermo Fisher Scientific Inc.
Princeton Instruments
Sartorius AG
Global Infrared Spectroscopy Devices Market – Segments
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.
Industry/ Innovation/ Related News
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.
November 09, 2018 – A team of researchers at the Imperial College London published their study of a wireless device that they have developed. The device can detect early problems after a patient undergoes breast reconstruction surgery. The device uses a non-invasive imaging technique called near-infrared spectroscopy (NIRS) to measure the oxygen saturation levels and captures and transmits encrypted data to maintain security and privacy.
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Global Infrared Spectroscopy Devices Market – Regional Analysis
Globally America is the largest market for infrared spectroscopy devices. Rapid development and uptake of technology and large research industry in the U.S. are the two most important factors for the dominance of America. Europe is the second-largest market for infrared spectroscopy devices. Asia pacific region is expected to be fastest growing region in infrared spectroscopy devices market due to growing research and development expenditure and fast-growing industrial economy.
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