IR Spectroscopy Market Research Report 2024
IR Spectroscopy Market Global Industry Analysis and Forecast (2024-2032) By Technology (Dispersive Infrared Spectroscopy, Fourier Transform Infrared (FT-IR) Spectroscopy), Type (Near-Infrared Spectroscopy, Mid-Infrared Spectroscopy, Far-Infrared Spectroscopy), Product Type (Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, Hyphenated Spectroscopes), End-User (Healthcare & Pharmaceuticals, Chemicals, Food & Beverages, Environmental, Biological Research, And Consumer Electronics), And Region
IR Spectroscopy Market Synopsis
IR Spectroscopy Market Size Was Valued at USD 1126.81 Million in 2023 and is Projected to Reach USD 2006.31 Million by 2032, Growing at a CAGR of 6.62% From 2024-2032.
Infrared spectroscopy is the measurement of the interaction of infrared radiation with matter by absorption, emission, or reflection.Infrared (IR) spectroscopy is a useful analytical method utilized in a broad spectrum of fields for various applications. It relies on the interaction of molecules with infrared radiation to identify and characterize chemical compounds. The important use of IR spectroscopy is within the realm of organic chemistry. It is frequently utilized for examining organic compounds qualitatively and quantitatively. Analyzing the distinct molecular vibrations and absorptions in the infrared region gives important details about the functional groups in a compound through IR spectroscopy.
IR spectroscopy is used in drug development and quality control within the pharmaceutical sector. It aids in the discovery of active pharmaceutical ingredients (APIs) and the detection of impurities or contaminants in drug formulations. IR spectroscopy is very helpful in verifying the genuineness and standard of pharmaceutical products.The Key use of IR spectroscopy is within the field of forensic science. It assists in examining and determining trace evidence like fibers, paints, and drugs. Forensic scientists use IR spectra comparisons with reference spectra to connect evidence to sources or identify the makeup of unknown substances.
IR spectroscopy is used to examine air pollutants, water contaminants, and soil composition. It allows researchers to identify and measure different pollutants like volatile organic compounds (VOCs), pesticides, and heavy metals. This data is essential for monitoring the quality of the environment and creating successful remediation plans.IR spectroscopy is also used for analyzing food and beverages. It aids in evaluating the quality, authenticity, and safety of food items by identifying impurities, additives, or alterations in content caused by decay or production methods.
Top Active Players Involved Are:
“Agilent Technologies (USA), Thermo Fisher Scientific (USA), Bruker Corporation (Germany), PerkinElmer (USA), Shimadzu Corporation (Japan), ABB (Switzerland), Horiba (Japan), Jasco (Japan), Foss (Denmark), MKS Instruments (USA), Teledyne Technologies (USA), Sartorius (Germany), Ocean Optics (USA), Hach Company (USA), Hamamatsu Photonics (Japan), Oxford Instruments (UK), B&W Tek (USA), Zolix Instruments (China), Newport Corporation (USA), Spectra-Physics (USA), Lumex Instruments (Russia), Specac (UK), Yokogawa Electric Corporation (Japan), Nicolet Instrument Corporation (USA), ARCoptix (Switzerland) and Other Active Players.”
IR Spectroscopy Market Trend Analysis
Rise in the Number of Healthcare Institutions and Clinical Research Centers
- The increase in healthcare facilities and research centers has greatly boosted the market demand for IR spectroscopy. The broad use of IR spectroscopy in healthcare applications has led to its widespread adoption in healthcare institutions due to its effectiveness as an analytical tool.
- Healthcare facilities like hospitals, clinics, and diagnostic labs are more and more dependent on IR spectroscopy for diagnoses. It allows healthcare providers to precisely recognize and examine different biomolecules found in patient samples, such as blood, urine, and tissue samples. Through the use of IR spectroscopy, healthcare providers can effectively identify illnesses, track the advancement of treatments, and evaluate the success of medical interventions.
- IR spectroscopy is essential in pharmaceutical research and development carried out in clinical research centers. It allows researchers to examine and assess drug compounds, monitor reactions, and ascertain the quality and durability of pharmaceutical products. Through the use of IR spectroscopy, researchers can analyze the chemical compositions and functional groups present in drug molecules, which helps in developing and improving drug formulations.
- IR spectroscopy is used in clinical research facilities to examine biomarkers and investigate diseases using non-invasive methods. Analyzing the distinct IR spectra of biological samples allows researchers to pinpoint precise biomolecular alterations linked to different diseases like cancer, diabetes, and cardiovascular conditions. This data aids in identifying illnesses early, keeping track of diseases, and creating customized treatment strategies.
- The growing need for pioneering technologies and sophisticated analytical instruments in healthcare facilities and research centers is also boosting the expansion of the IR spectroscopy market. IR spectroscopy is favored by numerous healthcare professionals and researchers due to its ability to quickly, precisely, and affordably analyze samples. Hence, in this way Rise in the Number of Healthcare Institutions and Clinical Research Centers acts as a Driver in the IR Spectroscopy Market.
- In fiscal year 2023, clinical research funding by the NIH was around 18.9 billion U.S. dollars. This graph shows the actual clinical research funding by the National Institutes for Health (NIH) from FY 2019 to FY 2023.
Opportunity
Increase in Use of NIR Spectroscopy in Seed Quality Detection
- The rise in the utilization of NIR spectroscopy for detecting seed quality provides a substantial opportunity in the IR spectroscopy industry. NIR spectroscopy, which is a branch of IR spectroscopy, uses wavelengths close to infrared to assess the chemical makeup and quality of seeds. This app has become popular in the farming sector because of its various advantages and possible benefits.
- A major benefit of NIR spectroscopy for assessing seed quality is its quick and non-invasive characteristics. Conventional techniques for evaluating seed quality are typically lengthy and involve destructive processes, while NIR spectroscopy offers non-invasive, real-time analysis of seeds. This helps to save time, cut expenses and allows for efficient screening of large quantities of seeds.
- NIR spectroscopy also can simultaneously analyze multiple seed quality parameters comprehensively. It is capable of evaluating different attributes like moisture level, fat content, protein level, carbohydrate content, and the existence of impurities or illnesses. This comprehensive method for evaluating seed quality improves effectiveness and precision, enabling farmers, breeders, and seed producers to make educated choices concerning seed selection, breeding initiatives, and seed treatments.
- NIR spectroscopy provides an objective and standardized method of measurement. It gets rid of the inconsistencies linked to visual examination or manual analysis, decreasing human mistakes and offering uniform and trustworthy outcomes. Maintaining consistent seed quality standards is vital for delivering high-quality seeds to farmers and end-users.
- NIR spectroscopy is used for seed quality assessment and also promotes sustainability and efficient use of resources. By precisely assessing the quality of seeds, farmers can enhance their planting techniques, boost crop productivity, and reduce the waste of resources. Hence, in this way Increase in the Use of NIR Spectroscopy in Seed Quality Detection acts as an opportunity in the IR Spectroscopy Market.
IR Spectroscopy Market Segment Analysis:
IR Spectroscopy market is segmented on the basis of Technology, Type, Product Type, and End-User.
By Product Type, Portable Spectroscopes Segment Is Expected to Dominate the Market During the Forecast Period
- The portable spectroscope category is projected to lead in the IR spectroscopy market by product type because of multiple advantages. The prevalence of this segment is largely influenced by the importance of portability. Portable spectrophotometers provide the convenience of being able to move around easily and conduct analysis on location, removing the necessity of transporting samples to a central lab. This adaptability allows for monitoring and analysis in various settings, including field research, manufacturing plant quality control, and on-the-spot process optimization. Performing measurements at the sample location improves operational efficiency and productivity.
- The cost efficiency of portable spectrophotometers is another factor contributing to their widespread use. They are usually priced lower than larger benchtop or lab-based instruments. This allows them to be used by a broader group of users, such as small and medium-sized businesses, research institutions, and field researchers. Portable spectrophotometers are a desirable choice for individuals looking for affordable and dependable analytical instruments due to their lower ownership costs.
- Technological progress has also played a role in the prevalence of portable spectrophotometers. Thanks to advancements in optics, data processing, and instrument miniaturization, modern portable devices now provide the same level of performance and accuracy as their larger counterparts. These progressions allow for accurate and dependable analysis in a small and easily transportable design.
- The dominance of portable spectrophotometers is enhanced by their versatility. These devices have a multitude of uses, such as environmental monitoring, analyzing food and beverages, ensuring quality control in pharmaceuticals, and conducting forensic analysis. Hence in this way, By Product Type, the Portable Spectroscopes Segment Is Expected to Dominate the IR Spectroscopy Market.
By End-User, Biological Research Segment Held the Largest Share In 2023
- The largest end-user share in the IR spectroscopy market is held by the biological research sector because of its preferred choice in various applications and research activities. IR spectroscopy's versatility in biological research is a key factor in its dominance in the field of biological research. It is an effective instrument for detecting and describing biological molecules such as proteins, lipids, nucleic acids, and carbohydrates.
- IR Spectroscopy allows researchers to obtain detailed information on structure and composition, IR spectroscopy helps to better understand molecular-level biological processes, leading to advancements in disease diagnosis, drug development, and treatment strategies.
- Infrared spectroscopy is similarly a non-destructive and non-invasive analytical method, which is perfect for biological studies. It is capable of analyzing samples with little preparation, maintaining sample integrity, and allowing analysis of solid and liquid samples. The fact that IR spectroscopy is so flexible makes it a favored option for scientists in different areas like biology and biochemistry.
- The key reason for the dominance of the field of biological research is the growing emphasis on precision medicine and personalized treatment approaches. IR spectroscopy allows scientists to detect biomarkers and other molecules linked to illnesses, making it easier to provide precise and personalized medical care for patients. Real-time monitoring, ease of use, and portability are advantageous in clinical environments with a focus on time and accuracy. Hence, in this way By End-User, the Biological Research Segment Held the Largest in the IR Spectroscopy Market.
IR Spectroscopy Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- North America is projected to lead the IR spectroscopy market as a favored region for investment, research, and development operations. North America's strong presence in the IR spectroscopy market is largely attributed to the high number of established market players, research institutions, and end-users in the region. North America houses some of the biggest pharmaceutical, food and beverage, and chemical industries globally, leading to the need for advanced analytical methods like IR spectroscopy.
- North America's market dominance is the substantial investments and funding allocated to research and development initiatives. The region's government, industry stakeholders, and research organizations are dedicated to fostering innovation and commercializing products, resulting in notable progress and increased use of IR spectroscopy.
- The strict regulations in North America also play a part in the region's market dominance. Regulatory bodies like the FDA control the application of analytical methods, including IR spectroscopy, in sectors like pharmaceuticals and food and beverage. Stringent regulations necessitate the utilization of precise and accurate analytical methods, leading to a high demand for IR spectroscopy instruments recognized for their excellent performance and precision.
- The growing need for on-site and real-time analysis across different sectors is fueling the popularity of portable spectroscopy devices, particularly sought after in North America. Hence, in this way North America is Expected to Dominate the IR Spectroscopy Market.
IR Spectroscopy Market Active Players
- Agilent Technologies (USA)
- Thermo Fisher Scientific (USA)
- Bruker Corporation (Germany)
- Perkinelmer (USA)
- Shimadzu Corporation (Japan)
- Abb (Switzerland)
- Horiba (Japan)
- Jasco (Japan)
- Foss (Denmark)
- MKS Instruments (USA)
- Teledyne Technologies (USA)
- Sartorius (Germany)
- Ocean Optics (USA)
- Hach Company (USA)
- Hamamatsu Photonics (Japan)
- Oxford Instruments (UK)
- B&W Tek (USA)
- Zolix Instruments (China)
- Newport Corporation (USA)
- Spectra-Physics (USA)
- Lumex Instruments (Russia)
- Specac (UK)
- Yokogawa Electric Corporation (Japan)
- Nicolet Instrument Corporation (USA)
- Arcoptix (Switzerland) And Other Active Players
Key Industry Developments in the IR Spectroscopy Market:
- In November 2023, Wiley, one of the world’s largest publishers and a global leader in Research and Learning, announced the release of the new Wiley Database of Predicted IR Spectra. The database combines over 60 years of expertise in infrared (IR) spectroscopy and spectral data curation with the most current machine-learning techniques to significantly expand the number of IR spectral data available for spectral analysis.
- In March 2023, Trinamix GmbH (Ludwigshafen, Germany), a wholly owned subsidiary of BASF SE, announced the launch of a mobile near-infrared (NIR) spectroscopy solution. Spectroscopy is a well-proven analysis method that Trinamix now makes affordable and accessible beyond factory and laboratory applications. Trinamix offers all the needed competencies in a single, handheld device: mobile and robust hardware, precise data and material analytics, and excellent molecular and chemical expertise.
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IR Spectroscopy Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1126.81 Mn. |
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Forecast Period 2024-32 CAGR: |
6.62 % |
Market Size in 2032: |
USD 2006.31 Mn. |
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Segments Covered: |
By Technology |
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By End-User |
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By Region |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: IR Spectroscopy Market by By Technology
4.1 IR Spectroscopy Market Snapshot and Growth Engine
4.2 IR Spectroscopy Market Overview
4.3 Dispersive Infrared Spectroscopy
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted
Frequently Asked Questions
What would be the forecast period in the IR Spectroscopy Market research report?
The forecast period in the IR Spectroscopy Market research report is 2024-2032.
Who are the key players in the IR Spectroscopy Market?
Agilent Technologies (USA), Thermo Fisher Scientific (USA), Bruker Corporation (Germany), PerkinElmer (USA), Shimadzu Corporation (Japan), ABB (Switzerland), Horiba (Japan), Jasco (Japan), Foss (Denmark), MKS Instruments (USA), Teledyne Technologies (USA), Sartorius (Germany), Ocean Optics (USA), Hach Company (USA), Hamamatsu Photonics (Japan), Oxford Instruments (UK), B&W Tek (USA), Zolix Instruments (China), Newport Corporation (USA), Spectra-Physics (USA), Lumex Instruments (Russia), Specac (UK), Yokogawa Electric Corporation (Japan), Nicolet Instrument Corporation (USA), ARCoptix (Switzerland) and Other Active Players.
What are the segments of the IR Spectroscopy Market?
The IR Spectroscopy Market is segmented into Technology, Type, Product Type, End-User, and region. By Technology, the market is categorized into Dispersive Infrared Spectroscopy and Fourier Transform Infrared (FT-IR) Spectroscopy. By Type, the market is categorized into Near-Infrared Spectroscopy, Mid-Infrared Spectroscopy, and Far-Infrared Spectroscopy. By Product Type, the market is categorized into Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, and Hyphenated Spectroscopes. By End-User, the market is categorized into Healthcare & Pharmaceuticals, Chemicals, Food & Beverages, Environmental, Biological Research, And Consumer Electronics. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the IR Spectroscopy Market?
Infrared spectroscopy is the measurement of the interaction of infrared radiation with matter by absorption, emission, or reflection.
How big is the IR Spectroscopy Market?
IR Spectroscopy Market Size Was Valued at USD 1126.81 Million in 2023 and is Projected to Reach USD 2006.31 Million by 2032, Growing at a CAGR of 6.62% From 2024-2032.
