The North America IR Spectroscopy Market is expected to reach USD 599.9 billion by 2024 from USD 308.5 billion in 2016, at a CAGR of 8.7% in the forecast period 2017 to 2024.
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"North America Infrared Spectroscopy Market" Report, By Product Type (Benchtop IR Spectroscope, IR Microscopy, Portable IR Spectroscope, Hyphenated IR Spectroscope, Terahertz IR Spectroscope), By Spectrum (Near Infrared, Far Infrared, Mid Infrared), By Applications (Pharma and Biotech, Food and Beverages, Environmental Testing, Academics, Security, Industrial, Petrochemicals), By Country (U.S., Canada, Mexico) – Trends and Forecast to 2024
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Some of the major factors driving the growth of market for IR spectroscopy are Increasing quality control, Increasing forensic analysis, rise in R&D investments in life sciences, increasing shipment of IR spectroscopy devices and technological advancement.
North America Infrared Spectroscopy Market – Major Market Drivers and Restraints:
- Pharmaceutical companies look for better reproducibility, ease of operation, and computerized results, which are obtained through technological advancements in instruments.
- NIR spectroscopy is one of the proven & accepted methods of food testing and analysis
- The growth in R&D spending is likely to increase the application horizon of molecular spectroscopy instruments.
North America Infrared Spectroscopy Market Segmentation:
The North America IR Spectroscopy market is segmented based on product type, spectrum, application and region.
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Based on product types the IR spectroscopy instruments market segment is sub-segmented into benchtop, infrared microscopy, portable, hyphenated and terahertz IR spectroscopy. In 2017, benchtop IR spectroscopy market segment is expected to dominate the market.
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Based on product types the IR spectroscopy accessories market segment is sub-segmented into ATR accessories, liquid cells, diffuse & specular reflectance accessories, gas cells and others.
On the basis of spectrum, the North America IR spectroscopy market is sub-segmented into Near IR, Far IR, and Mid IR.
On the basis of application, the North America IR spectroscopy market is sub-segmented into pharmaceuticals, biotechnology, food & beverages, environmental testing, academics, security, industrial and petrochemical.
North America Infrared Spectroscopy Market – Competitive Analysis:
Some of the major factors driving the growth of market for IR spectroscopy areincreasing food safety concern, increasing life science R&D spending, and technological advancement. Spectroscopy has grown exponentially in terms of accuracy and sensitivity and has witnessed the launch of many new products with improved features.
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Thermo Fisher Scientific, Inc. is going to dominate the IR spectroscopy market following with The ABB Group, Teraview Ltd, Teledyne Technologies Incorporated, Agilent Technologies, BaySpec, Inc., HORIBA, Ltd. , Spectra Analysis Instruments Inc, Avantes, Bruker Corporation, Carl Zeiss Spectroscopy GMBH, Galaxy Scientific, Gasera, Ibsen Photonics, EMD Millipore Corporation, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Viavi Foss, Jasco Inc., Princeton Instruments, Pike Technologies, Harrick Scientific Products Inc, Specac Limited, Kaplan Scientific, Cole-Parmer Instrument Company, LLC., art photonics GmbH, and California Analytical Instruments, Inc.
among many others.
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