IR Spectroscopy Industry worth $1.6 billion by 2029
According to new market research report "IR Spectroscopy Market by Technology (FTIR, Dispersive IR), Type (Near-infrared Spectroscopy, Mid-infrared Spectroscopy), Product Type (Benchtop Spectroscopes), End-user Industry (Healthcare & Pharmaceutical, Chemicals) - Global Forecast to 2029" The global IR spectroscopy market was valued at USD 1.2 billion in 2024 and is projected to reach USD 1.6 billion by 2029; it is expected to register a CAGR of 6.5% during the forecast period The rise in demand for IR spectroscopy systems is attributed to the growth in the number of healthcare institutions and clinical research centers, increase in R&D investments in healthcare and pharmaceuticals industry, and continuous technological advancements in IR spectroscopy.
Browse 130 market data Tables and 90 Figures spread through 240 Pages and in-depth TOC on "IR Spectroscopy Market by Technology (FTIR, Dispersive IR), Type (Near-infrared Spectroscopy, Mid-infrared Spectroscopy), Product Type (Benchtop Spectroscopes), End-user Industry (Healthcare & Pharmaceutical, Chemicals) - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/ir-spectroscopy-market-42486905.html
By End-user Industry: Healthcare and Pharmaceuticals segment to account for the largest market share in the forecasted year.
The healthcare and pharmaceuticals segment accounted for the largest share of ~30% of the IR spectroscopy market in 2029. IR spectroscopy enables rapid and non-destructive analysis of pharmaceutical samples. This makes it invaluable for quality control purposes, allowing manufacturers to ensure batch-to-batch consistency and compliance with regulatory standard. Also, echnological advancements have led to the development of more sensitive and user-friendly IR spectrometers, making the technique more accessible to researchers and practitioners in the healthcare and pharmaceutical industries.
By Product Type: Benchtop Spectroscopes to account for the largest market share in the forecasted year.
Back Office & Other Services segment accounted for the largest share of ~52% of the IR spectroscopy market in 2029. Benchtop spectrometers are proving to be adaptable across various fields. From quality control in pharmaceutical and chemical industries to analysis in food science and environmental monitoring, these instruments offer valuable insights. Their growing capabilities are opening doors for new applications. Continuous improvements in technology are enhancing the performance of benchtop spectrometers. Miniaturization of components is leading to smaller footprints without sacrificing accuracy or sensitivity.
Europe is expected to hold the second largest share of the IR spectroscopy market during the forecast period.
Europe held the second largest share of ~31% in the IR spectroscopy market in 2029. European countries have strong regulations on food and pharmaceutical safety, requiring rigorous testing. IR spectroscopy is a powerful tool for ensuring compliance with these standards in industries like food & beverage and pharmaceuticals.
Key Players-
The key companies that offer IR spectroscopy systems include Shimadzu Corporation (Japan); ZEISS (Germany); PerkinElmer Inc. (US); Agilent Technologies, Inc. (US); Bruker Corporation (US).
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the IR Spectroscopy Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
