Ir Spectroscopy Market Trends, Price, Demands and Forecasts to 2022

According to Stratistics MRC, the Global IR Spectroscopy market is estimated to be $0.75 billion in 2015 with a CAGR of 7.07% is poised to reach $1.21 million by 2022. Some of the major trends in this market include, increasing proteomics market and acceptance of NIR spectroscopy in seed quality detection. Furthermore, rising R&D funds in life science, greater acceptance of food fingerprinting techniques and technological advancements are some of the factors favouring the market growth. However, technical limitations and unavailability of IR spectroscopy devices will hamper the market. Moreover, rising advancements in biological applications will provide an immense growth opportunity over the forecast period.

Portable Spectroscopes segment is anticipated to witness highest CAGR during the forecast period owing to reduced complications, less space requirement and improved workflow. Asia Pacific is projected to grow at a highest growth rate and North America commanded the largest market share during the forecast period owing to rising food safety concerns, increasing government funding and strict drug regulations.

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The major key players in this market include Thermo Fisher Scientific Inc., Spectra Analysis Instruments Inc., Perkinelmer Inc., Horiba, Ltd., Bayspec, Inc., Foss A/S, Teledyne Technologies Inc., Princeton Instruments (PI), Jasco Inc., Bruker Corp. and others.

Technology Covered:

Spectrum Sensitivity

Cooling Requirement

Product Type Covered:

Hyphenated IR Spectroscope

Micro IR Spectroscope

Portable IR Spectroscope

Benchtop IR Spectroscope

Application Covered:

Semiconductor

Environmental

Chemicals

Biological

Food & Beverages

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for...