Infrared (IR) Spectroscopy technique is used to obtain information about atoms and molecules that are too small to see using electromagnetic radiation. IR spectroscopy is also an analytical technique has been of great significance to scientific researchers in many fields such as medical, protein characterization, nanoscale semiconductor analysis, and space exploration among several others.
Infrared spectroscopy devices are proving indispensable in numerous industries such as pharmaceutical, biotechnology, food, chemical etc. for quality control and raw material testing. As a result, the market for infrared spectroscopy devices is growing exponentially.
Acknowledging the kind of growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global infrared spectroscopy devices market will reach approximately 1821 MN USD, registering approximately 7.2% CAGR over the forecast period (2017-2023).
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Infrared Spectroscopy Devices Market – Competitive Analysis
The infrared spectroscopy devices market is widely expanded and highly competitive with the presence of numerous big and small players operating at the international as well as global level. The market will witness fierce competition due to the expected extensions in product & service and product innovations. Manufacturers operating in the infrared spectroscopy devices market strive to develop devices with adept technology and unrivaled design & features.
Key Players:
Significant players driving the market for the infrared spectroscopy devices include Jasco, PerkinElmer, Shimadzu, Agilent Technologies, Bruker Corp., Thermo Fisher Scientific Inc., Sartorius AG, and Princeton Instruments, among others.
Industry/ Innovation/ Related News
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.
Global Infrared Spectroscopy Devices Market – Segments
MRFR has segmented the analysis into five key dynamics; for better understanding:
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.
End-User: Hospitals and Clinics, Pharmaceutical Industry and Research Laboratories among others.
By Regions: North America, Europe, APAC and Rest-of-the-World.
Global Infrared Spectroscopy Devices Market – Regional Analysis
The North American region dominates the global infrared spectroscopy devices market accounting for the largest market share. Factors supporting the growth in the regional market include substantial advancements and the uptake of advanced technologies.
The European region is another lucrative market for infrared spectroscopy devices. Continuous improvement in medical technologies is a key driving factor responsible for the growth of the regional market. European countries such as the U.K. and Germany backed by the enormous investments made in the development of these devices and related technologies account for the major contributors to the growth in the regional market.
The Asia Pacific region is rapidly emerging as a promising market for infrared spectroscopy devices, witnessing huge funding from foreign investors. Availability of cost-competitive logistics such as the land, raw materials, and workforce encourage manufacturers to shift their production bases to countries such as China and India, which in turn, fosters the market growth in the region.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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