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IR Spectroscopy Market Size

ID: MRFR//8946-CR | 100 Pages | Author: Ankit Gupta| May 2023


The Infrared (IR) Spectroscopy market is influenced by a myriad of factors that collectively shape its dynamics and growth trajectory. One of the primary drivers is the increasing demand for advanced analytical techniques in various industries, such as pharmaceuticals, chemicals, and food and beverages. IR spectroscopy plays a crucial role in identifying and analyzing molecular structures, which is essential for quality control and research purposes in these sectors. As these industries continue to expand globally, the demand for sophisticated analytical tools like IR spectroscopy is expected to rise, propelling market growth.


Additionally, technological advancements in IR spectroscopy equipment contribute significantly to market dynamics. Continuous innovations and improvements in instrument sensitivity, resolution, and data analysis capabilities enhance the overall efficiency of IR spectroscopy. The integration of advanced features, such as automation and user-friendly interfaces, makes these instruments more accessible to a broader range of users, further fueling market growth. Researchers and analysts are continually seeking more reliable and efficient instruments, and the companies that can provide cutting-edge technology are likely to capture a significant share of the market.


Moreover, regulatory requirements and standards in various industries contribute to the market factors of IR spectroscopy. Governments and regulatory bodies often mandate the use of specific analytical techniques to ensure product quality, safety, and compliance with industry standards. IR spectroscopy, with its ability to provide detailed molecular information, meets these regulatory requirements, making it a preferred choice in industries where adherence to standards is critical. As regulations evolve and become more stringent, the demand for IR spectroscopy is likely to witness sustained growth.


The global emphasis on environmental monitoring and sustainability is another factor influencing the IR spectroscopy market. With growing concerns about pollution and climate change, industries are under increasing pressure to adopt environmentally friendly practices. IR spectroscopy proves valuable in environmental analysis, allowing precise identification and quantification of pollutants. As the importance of sustainable practices continues to rise, the demand for IR spectroscopy in environmental monitoring applications is expected to grow, shaping the market landscape.


Furthermore, the geographical landscape and economic factors play a pivotal role in determining the growth of the IR spectroscopy market. Emerging economies with expanding industrial sectors, such as India, China, and Brazil, are witnessing a surge in demand for analytical instruments, including IR spectroscopy. Economic growth, coupled with increased research and development activities in these regions, contributes to the overall market expansion. Additionally, factors such as disposable income, government investments in research infrastructure, and overall economic stability impact the purchasing power of end-users, influencing the adoption of IR spectroscopy.


Global IR Spectroscopy Market Overview


IR Spectroscopy Market Size was valued at USD 0.4 billion in 2022. The IR Spectroscopy market is projected to grow from USD 0.43 Billion in 2023 to USD 0.84 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.70% during the forecast period (2023 - 2032). Rising pharma and healthcare investments and the adoption of technical advancement in IR spectroscopy are the key market drivers contributing to the market’s expansion.


 IR Spectroscopy Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


IR Spectroscopy Market Trends



  • Growing pharma and healthcare investments are driving the market growth


Market CAGR for IR Spectroscopy is driven by rising pharma and healthcare investments. Technological developments in the healthcare & pharmaceutical industries to stimulate R&D in these industries, as well as an increase in the number of medical facilities and clinical research to serve the needs of patients and medical staff, contribute to the market expansion. The Asian market is a hub for various industries, driving demand for IR spectroscopes for testing and monitoring. In addition, developing portable spectroscopes that will be aided in on-field applications is another element predicted to give growth prospects for the IR spectroscopy market. Based on their chemical makeup, IR Spectroscopy technology can recognize and distinguish items. As a result, it is used to process control, enforce quality standards, and avoid adulteration in preparing both plant- and animal-based goods. It is possible to calculate the amounts of lipids, proteins, carbs, and water in animal samples using IR spectroscopy.


Additionally, the growth of dairy operations and food processing plants globally is opening up huge potential for the producers of IR spectroscopy. Food processing, fruit processing, oil production, milk and cheese production, and the production of meat products are just a few industries that use IR spectroscopy. Growing public interest in food production and quality has developed, primarily due to dietary changes. Demand for IR Spectroscopy is fueled by the need for high standards for quality and process control in food production, which in turn demands for the right analytical techniques to analyze food. Pharmaceutical discovery research is now being conducted in North America and Europe. As a result, it is anticipated that IR Spectroscopy will become more popular in these areas. Since the United States has the largest pharmaceutical market in the world and many medications are produced there, there is a demand for IR Spectroscopy. Additionally, the FDA performs regulatory approval for a variety of food goods; consequently, many food product manufacturers use IR Spectroscopy to check for contaminants, which aids in maintaining quality standards.


Globally, various industries are being impacted by the COVID-19 industries like food and beverage, medicine, energy, electronics, semiconductor, and chemicals, have all experienced substantial disruptions as a result of the outbreak. As they are the main sources of supply and demand for IR spectroscopy solutions, the rise in industrial activities is having an impact on the development of the worldwide IR spectroscopy market. The production, supply, and sales of electronic components needed for the production of IR spectroscopy have been hampered by the factory closures, travel restrictions, trade bans, and border lockdowns implemented to combat and contain the outbreak. However, the post-pandemic situation revives the market, and a significant increase in demand for IR spectroscopy is seen.


For instance, The WHO reported in May 2022  that approximately 11% of drugs sold in emerging nations are fake, which causes 144,000 fatalities per year. NIR spectroscopy is one of the methods that many regulatory organizations, including the U.S.-FDA, Ministry of Health, NDA, and Health Canada, utilize to evaluate pharmaceutical authentication. The multitude of applications, flexibility, adaptability, and the expanding application of NIR spectroscopy in providing chemical and physical information all contribute to the industry's expansion. Thus, driving the IR Spectroscopy market revenue.


IR Spectroscopy Market Segment Insights


IR Spectroscopy Technology Insights


The IR Spectroscopy Market segmentation, based on Technology, includes Near-Infrared Spectroscopy, Mid-Infrared Spectroscopy, and Far-Infrared Spectroscopy. Mid-Infrared Spectroscopy dominated the market, accounting for 51.6% of market revenue (USD 0.6 billion) in 2022. MIR is an influential tool to detect and scan materials, whether solid or liquid, as it is highly sensitive. It is beneficial in the food industry to detect contaminants, if any.


Figure 1: IR Spectroscopy Market, by Technology, 2022 & 2032 (USD billion)


IR Spectroscopy Market, by Technology, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


IR Spectroscopy Product Insights


The IR Spectroscopy Market segmentation, based on Product, includes Benchtop, Portable, Hyphenated, and Others. The Benchtop category dominated the market, accounting for 61.6% in 2022. It is widely used in chemical industries to determine elements' chemical and physical properties.


IR Spectroscopy Vertical Insights


The IR Spectroscopy Market segmentation, based on Vertical, includes healthcare, Pharmaceuticals, Chemicals, Research, Food & Beverage, and Others. The Pharmaceutical Vertical generated the highest revenue, accounting for 55% of the market share in 2022. Increasing investment in healthcare and pharmaceutical industries will contribute to the IR spectroscopy market growth.


IR Spectroscopy Regional Insights


By Region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American IR spectroscopy market region contributed the highest market revenue in 2022, primarily due to upgraded Technology in this Region and infrastructural development. In addition, Governmental supportive policies help the market to flourish further.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: IR Spectroscopy Market Share by Region 2022 (%)


IR Spectroscopy Market Share by Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe’s IR Spectroscopy market accounts for the second-largest market share due to advanced infrastructure and highly regulated industries that require IR spectroscopy. Further, the German IR Spectroscopy market held the largest market share, and the UK IR Spectroscopy market is the fastest-growing market in the European Region.


The Asia-Pacific IR Spectroscopy Market is expected to grow faster during the projected timeframe for IR spectroscopy. This is due to the industrial growth of industries like food and beverage, pharmaceutical, and others. Moreover, China’s IR Spectroscopy market and Japan’s IR Spectroscopy market are leading areas for IR spectroscopy in the Asia-Pacific region.


For instance, Spectroscopy Corp (PSC) and Bio-Rad Laboratories collaborated in 2019,  IR and Raman Library, respectively, and Identification software from Bio-Rad. Strategic collaboration was done to improve the key companies’ customer reach.


IR Spectroscopy Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to introduce new innovative solutions, which will help the IR Spectroscopy market to expand. Market participants are also undertaking strategic approaches, whether organic or inorganic, to expand their international presence, with important market developments including introducing new product lines, agreements, mergers and acquisitions, capex, and strategic partnerships with other organizations. To survive and grow in a hyper-competitive market, the IR Spectroscopy industry must offer cost-effective as well as sustainable options.


Manufacturing locally to reduce operational expenses is one of the key business tactics used by industries in the global IR Spectroscopy industry to benefit customers and capture market share. IR Spectroscopy industry has offered significant advantages to the healthcare and pharma industries. Major players in the IR Spectroscopy market, including Thermo Fisher Scientific Inc., Agilent Technologies Inc., PerkinElmer Inc., Horiba Limited, Shimadzu Corporation, Metrohm, Bruker Corporation, Hitachi High-Technologies Corporation, Jasco, Newport Corporation, Oxford Instruments, Sartorius AG, and Teledyne Princeton Instruments, and others, are attempting to increase market share by heavily investing in research and development to upgrade their Technology and offer affordable solutions.


Bruker Corp. creates, produces, and sells scientific tools and analytical solutions that let customers explore. Gunther Laukien created the business in 1961, with its main office in Billerica, Massachusetts. It operates in the Bruker Scientific Instruments (BSI), Bruker Energy, and Supercon Technologies (BEST) sectors. In September 2020, Canopy Biosciences, LLC, which specializes in advanced multiplex biomarker scanning for immunology and cell therapy, was purchased by Bruker Corporation. With this acquisition, Bruker could offer more fluorescence-based scanning and multi-omics imaging products.


Since its founding in Kyoto in 1875, Shimadzu Corporation has provided cutting-edge products to clients worldwide. "Contributing to Society through Science and Technology" is Shimadzu's corporate philosophy. Over the past years, the company has accelerated and advanced its Technology, especially in MS technology. In June 2020, with RIKEN Innovation Company Ltd., Shimadzu Corporation developed new enterprises based on RIKEN research findings on brain and five sense assessment.


Key Companies in the IR Spectroscopy market include



  • Thermo Fisher Scientific Inc.

  • Agilent Technologies Inc.

  • PerkinElmer Inc.

  • Horiba Limited

  • Shimadzu Corporation

  • Metrohm

  • Bruker Corporation

  • Hitachi High-Technologies Corporation

  • Jasco

  • Newport Corporation

  • Oxford Instruments

  • Sartorius AG

  • Teledyne Princeton Instrument


IR Spectroscopy Industry Developments


March 2022 Microplastics are now well-recognized everywhere. Numerous projects are now assessing the full extent of plastic contamination and its potential damage to both individuals and the ecosystem.


September 2020 Canopy Biosciences, LLC, which specializes in advanced multiplex biomarker scanning for immunology and cell therapy, was purchased by Bruker Corporation. With this acquisition, Bruker could offer more fluorescence-based scanning and multi-omics imaging products.


June 2020 With RIKEN Innovation Company Ltd., Shimadzu Corporation developed new enterprises based on RIKEN research findings on brain and five sense assessment.


IR Spectroscopy Market Segmentation


IR Spectroscopy Technology Outlook



  • Near-Infrared Spectroscopy

  • Mid-Infrared Spectroscopy

  • Far-Infrared Spectroscopy


IR Spectroscopy Product Outlook



  • Benchtop

  • Portable

  • Hyphenated

  • Others


 IR Spectroscopy Vertical Outlook



  • Healthcare

  • Pharmaceuticals

  • Chemicals

  • Research

  • Food & Beverage

  • Others


IR Spectroscopy Regional Outlook




  • North America



    • US

    • Canada




  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific



    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World




    • Middle East




    • Africa




    • Latin America





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