The global Ir spectroscopy market is expected to grow from USD 1.0 billion in 2020 to USD 1.3 billion by 2025, at a CAGR of 4.1%. Increasing demand for spectroscopy products in healthcare & pharmaceuticals and food & beverages industry to drive the market.
The IR spectroscopy market is dominated by a few globally established players such as Agilent Technologies (US), Bruker corp. (US), Horiba Ltd (Japan), PerkinElmer, Inc. (US), Zeiss, Inc. (Germany), and Jasco Inc. (US).These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their presence in the global market.
Shimadzu Corporation is among the frontrunners in the IR spectroscopy market and is continually involved in the development and launch of innovative IR spectroscopy products and services. The company aims at launching innovative products and considers it as its primary growth strategy; hence, it intends to increase its R&D investments gradually. The company also delivers its products and solutions worldwide with the help of robust channel partners. It also focuses on partnerships and acquisitions to grow in the market.
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Zeiss is one of the major players in the IR spectroscopy market. It offers a wide range of IR spectroscopy products for the chemicals and life sciences segments. The company is collaborating with different companies to study new inventions. It focuses on both organic and inorganic growth strategies to grow in the IR spectroscopy market.
PerkinElmer is a globally recognized leading vendor of IR spectroscopy products and services. The company offers various products for healthcare & pharmaceuticals, chemicals, and biological research. It is focusing on achieving a competitive advantage in the IR spectroscopy market by providing new products and business solutions. It functions in a highly dynamic business environment and intends to diversify its product offerings with the help of innovative technologies and by adopting inorganic growth strategies
IR Spectroscopy Market by Technology (Near-Infrared, Mid-Infrared, Far-Infrared), Product Type (Benchtop Spectroscope, Micro Spectroscope, Portable Spectroscope, Hyphenated Spectroscope), End-User Industry & Geography - Global Forecast to 2025
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