Infrared Spectroscopy Devices Market Research Report- Forecast to 2027

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) - Forecast Till 2027

ID: MRFR/MED/2132-HCR | February 2021 | Region: Global | 84 pages

Infrared Spectroscopy Devices Market Overview:


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 Infrared spectroscopy devices market 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 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 Infrared spectroscopy devices market constraints involve growing cost of the instruments and high capital investment requirement for setting up manufacturing of the instruments.

The Infrared spectroscopy devices market 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%.

Study Objectives Infrared spectroscopy devices Market:



  • To provide detail analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the infrared spectroscopy devices market

  • To provide insights about factors affecting the market growth

  • To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by spectrum sensitivity, technology, product and by end user and other sub segments.

  • To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments globally.


Infrared spectroscopy devices Market, by Technology, 2016 (% Market Share):


 


 Intended Audience



  • Infrared spectroscopy devices Manufacturers

  • Infrared spectroscopy devices Suppliers

  • Private Research Laboratories

  • Research and Development (R&D) Companies

  • Market Research and Consulting Service Providers

  • Government Research Laboratories

  • Contract Manufacturing Organizations


Key Players for 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:


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.


Regional Analysis of Infrared spectroscopy devices Market:


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. The report for Infrared spectroscopy devices Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the Infrared spectroscopy devices market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 1821 Million
  • 2027: Significant Value
  •   CAGR   7.2% (2016-2023)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Spectrum Sensitivity, Technology, Product, End User
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   PerkinElmer, Jasco, Shimadzu, Bruker Corp., Agilent Technologies, Thermo Fisher Scientific Inc., Princeton Instruments, Sartorius AG and others
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Growing concern for safety
  • Stringent regulations for purity of the product
  • Growing cases of adulteration etc


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    Frequently Asked Questions (FAQ) :


    Infrared Spectroscopy Devices Market is projected to grow at a 7.2% CAGR between 2013-2022.

    Infrared Spectroscopy Devices Market is predicted to touch USD 1821 million by 2022.

    The Americas is predicted to dominate the Infrared Spectroscopy Devices Market.

    Notable players profiled in the Infrared Spectroscopy Devices Market include Sartorius AG, Princeton Instruments, Thermo Fisher Scientific Inc., Agilent Technologies, Bruker Corp., Shimadzu, Jasco, and PerkinElmer.

    Different end use industries of infrared spectroscopy devices market include research laboratories, pharmaceutical industry, and hospitals and clinics.

    1 Introduction

    1.1 Definition

    1.2 Scope of Study

    1.3 Research Objective

    1.4 Assumptions & Limitations

    1.5 Market Structure:

    2 Research Methodology

    2.1 Research Process

    2.2 Primary Research

    2.3 Secondary Research

    3 Market Dynamics

    3.1 Drivers

    3.2 Restraints

    3.3 Opportunities

    3.4 Challenges

    3.5 Macroeconomic Indicators

    4 Market Factor Analysis

    4.1 Porter’s five forces model

    4.1.1 Bargaining Power of suppliers

    4.1.2 Bargaining Power of Customer

    4.1.3 Intensity of Competitor’s

    4.1.4 Threat of New Entrants

    5 Global Infrared spectroscopy devices Market, by Spectrum Sensitivity

    5.1 Introduction

    5.1.1 Near-infrared (NIR)

    5.1.2 Mid-infrared (Mid IR)

    5.1.3 Far-infrared (Far IR)

    6 Global Infrared spectroscopy devices Market, by Technology

    6.1 Introduction

    6.1.1 Dispersive infrared spectroscopy

    6.1.2 Fourier transform infrared (FTIR) spectroscopy

    7 Global Infrared spectroscopy devices Market, by Product

    7.1 Introduction

    7.1.1 Bench top

    7.1.2 Portable

    7.1.3 Hyphenated

    8 Global Infrared spectroscopy devices Market, by End Users

    8.1 Introduction

    8.1.1 Hospitals and Clinics

    8.1.2 Pharmaceutical Industry

    8.1.3 Research Laboratories

    9 Global Infrared spectroscopy devices Market, by Regions

    9.1 Introduction

    9.1.1 Americas

    9.1.1.1 North America

    9.1.1.2 South America

    9.1.2 Europe

    9.1.2.1 Germany

    9.1.2.2 France

    9.1.2.3 UK

    9.1.2.4 Italy

    9.1.2.5 Spain

    9.1.2.6 Rest of Europe

    9.1.3 Asia Pacific

    9.1.3.1 Japan

    9.1.3.2 China

    9.1.3.3 India

    9.1.3.4 Republic of Korea

    9.1.3.5 Rest of Asia Pacific

    9.1.4 Middle East & Africa

    10 Company Landscape

    10.1 Introduction

    10.1.1 Mergers Acquisitions

    10.1.2 Collaborations

    10.1.3 Release/New Product Launches

    10.1.4 Other (Expansion, Updates, Partnership)

    11 Company Profile

    11.1 Siemens AG

    11.1.1 Company Overview

    11.1.2 Product/Business Segment Overview

    11.1.3 Financials

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.2 PerkinElmer

    11.2.1 Overview

    11.2.2 Product/Business Segment Overview

    11.2.3 Financials

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.3 Jasco

    11.3.1 Overview

    11.3.2 Product/Business Segment Overview

    11.3.3 Financials

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.4 Shimadzu

    11.4.1 Overview

    11.4.2 Product/Business Segment Overview

    11.4.3 Financials

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    11.5 Agilent Technologies

    11.5.1 Overview

    11.5.2 Product/Business Segment Overview

    11.5.3 Financials

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.6 Thermo Fisher Scientific Inc.

    11.6.1 Overview

    11.6.2 Product/Business Segment Overview

    11.6.3 Financials

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.7 Princeton Instruments

    11.7.1 Overview

    11.7.2 Product/Business Segment Overview

    11.7.3 Financials

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.8 Sartorius AG.

    11.8.1 Overview

    11.8.2 Product/Business Segment Overview

    11.8.3 Financials

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.9 Bruker Corp.

    11.9.1 Overview

    11.9.2 Product/Business Segment Overview

    11.9.3 Financials

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.10 Others

    12 Appendix

    List of Tables

    TABLE 1 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, 2020-2027 (USD MILLION)

    TABLE 2 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY SPECTRUM SENSITIVITY, 2020-2027 (USD MILLION)

    TABLE 3 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)

    TABLE 4 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

    TABLE 5 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 6 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY REGION, 2020-2027 (USD MILLION)

    List of Figures

    FIGURE 1 RESEARCH PROCESS

    FIGURE 2 PORTERS FIVE FORCES MODEL

    FIGURE 3 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY SPECTRUM SENSITIVITY

    FIGURE 4 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY TECHNOLOGY

    FIGURE 5 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY PRODUCT

    FIGURE 6 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY END USER

    FIGURE 7 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET, BY REGION

    FIGURE 8 GLOBAL INFRARED SPECTROSCOPY DEVICES MARKET: COMPANY SHARE ANALYSIS, 2020 (%)