Global IR Spectroscopy Market Overview:
Infrared (IR) spectroscopy is a technique used for structure elucidation, detecting, and quantifying elements or molecules in any sample that can be of any solid, liquid, or gaseous state. IR spectroscopy is an analytical technique used mainly by scientific researchers in various activities, such as protein characterization, nanoscale semiconductor analysis, and space exploration It provides advantages such as high scan speed, high resolution, and high sensitivity. The rising government expenditure in life sciences and demand for portable spectroscopes will boost the market growth in the coming years. Some of the players profiled in the study are Gasera Ltd. (Finland), Ibsen Photonics A/S (Denmark), Merck KGaA (Germany), Agilent Technologies, Inc. (United States), BaySpec, Inc. (United States), HORIBA, Ltd. (Japan), TeraView Limited (United Kingdom), Teledyne Technologies Incorporated (United States), Bruker Corporation (United States), PerkinElmer Inc. (United States), Shimadzu Corporation (Japan), Galaxy Scientific Inc. (United States) and Teledyne Princeton Instruments (United States). According to Market Analyst at AMA, the Global IR Spectroscopy market may see a growth rate of 4.36%
On the basis of geography, the market of IR Spectroscopy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Healthcare & pharmaceuticals will boost the IR Spectroscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Dispersive Infrared Spectroscopy will boost the IR Spectroscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing R&D Investments In Healthcare & Pharmaceuticals Industry
- Continuous Technological Advancements In IR Spectroscopy
- Stringent Laws And Regulations Related To Process Analytical Technology In The Pharma Industry
Influencing Trend
- The Rising Use Of IR Spectroscopy In The Biological Sector To Detect Various Diseases
Restraints
- Technical Limitations Of IR Spectroscopy
- Availability Of Used IR Spectroscopy Device
Opportunities
- Adoption Of NIR Spectroscopy In Seed Quality Detection
- Growing Product Development In Various End User Industries
Challenges
- High Cost Of IR Spectroscopy Products
The market is fragmented by numerous key players who have the bargaining power high in the global IR spectroscopy market as the market is dominated by several key players. The intensity of rivalry appears to be high in this market as competitors are numerous and the products are undifferentiated.
Target Audience:
New Entrants/Investors, Analysts and Strategic Business Planners, IR Spectroscopy Providers, Venture Capitalists, Private Equity Firms, Government Regulatory, Research Organizations and End Use Industry
Major Objectives Focused through this Study
To define, describe, and forecast the Global IR Spectroscopy market on the basis of product [Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes and IR Spectroscopes] , application [Near-infrared, Mid-infrared and Far-infrared], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the IR Spectroscopy market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the IR Spectroscopy industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are VIAVI Solutions Inc. (United States), JASCO, Inc. (Japan), Avantes BV (Netherlands), Carl Zeiss AG (Germany), TOPTICA Photonics AG (Germany) and Advanced Photonix Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the IR Spectroscopy market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.