Infrared Spectroscopy Devices Market 2018 | with ~7.2% of CAGR | A Definite Shift towards the Developing World | Forecasts till 2023

Infrared Spectroscopy Devices Market

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The global market for infrared spectroscopy devices 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%.

The recent market developments has necessitated a ‘see through’ approach so as to avoid the slippery slope generated by the changing paradigms resulting from the powerful forces of economy, business models, competition and others. “Market Research future” presents its latest report titled “World Infrared Spectroscopy Devices Market –forecast till 2023” to help clear the blur resulting from these developments and to give the reader a clear picture of the possibilities and nuisances lying ahead!

Regional Analysis of Global 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 Global 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 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.

Key Players for Global 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.

Market Scenario:

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

Segments:

Global 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.

BRIEF TOC:

Chapter 1. Introduction
1.1    Definition

1.2    Scope Of Study

1.3    Research Objective

1.4    Assumptions & Limitations

1.5    Market Structure:

Chapter 2. Research Methodology
  2.1    Research Process

2.2    Primary Research

2.3    Secondary Research

Chapter 3. Market Dynamics
3.1    Drivers

3.2    Restraints

3.3    Opportunities

3.4    Challenges

3.5    Macroeconomic Indicators

Chapter 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

Chapter 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)

…CONTINUED

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