Vancouver, BC -- (SBWIRE) -- 04/14/2021 -- The latest study, titled "Global IR Spectroscopy Market", published by Emergen Research, entails a thorough review of the present and future market trends in this specific business vertical. The report gathers viable information on the most prominent industry players, distribution channel, regional spectrum, market share, and size, in terms of value and volume, respectively, and revenue estimations over the forecast timeframe.

In addition, increasing investments in research and development in the healthcare and pharmaceutical industries is expected to further propel market growth going ahead. Furthermore, increasing adoption of mid-infrared spectroscopy is expected to augment market growth in the near future.

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Some Key Highlights in the Report

Benchtop spectroscopes segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing usage of benchtop spectroscopes systems to identify chemical characteristics of nuclear/molecular patterns of specimens is expected to boost growth of this segment.
Increasing use of IR spectroscopy in the healthcare & pharmaceuticals industry to enhance light quality of endoscopic equipment used for deletion of blood vessel plaque, and kidney stones is expected to drive growth of the healthcare & pharmaceuticals segment. In addition, the healthcare & pharmaceuticals segment is expected to continue to lead in terms of revenue share contribution to the global IR spectroscopy market during the forecast period.
Rising investment in research and development activities in the healthcare and pharmaceutical industries in countries in North America is driving growth of the market in the region. In addition, North America is expected to continue to account for largest revenue share as compared to other regional markets during the forecast period.
Key players in the market include Horiba, Ltd., TeraView Limited, Bayspec Inc., Teledyne Technologies Incorporated, Bruker Corporation, Shimadzu Corporation, Carl Zeiss Spectroscopy GmbH, Avantes BV, PerkinElmer, Inc., and Agilent Technologies, Inc.
In June 2020, Shimadzu Corporation and RIKEN Innovation Co., Ltd. teamed up to develop new brain-based and five-senses-based evaluation experiments.

IR Spectroscopy Market Segmentation:

Emergen Research has segmented the global IR spectroscopy market on the basis of type, technology, end-use, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)
Micro Spectroscopes
Hyphenated Spectroscopes
Portable Spectroscopes
Benchtop Spectroscopes

Technology Outlook (Revenue, USD Billion; 2018–2028)
Near-Infrared
Mid-Infrared
Far-Infrared

End-use Outlook (Revenue, USD Billion; 2018–2028)
Chemicals
Biological Research
Healthcare & pharmaceuticals
Consumer Electronics
Environmental
Food & Beverages
Others

Key Regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Elucidating the competitive scenario of the Global IR Spectroscopy Market:

The comprehensive global IR Spectroscopy market analysis includes meaningful insights into the competitive spectrum of this business sphere. It goes on to enlist the detailed profiles of each market competitor.
The latest report includes the industry share, production facilities, development prospects,and geographies served by each market player.
The study also showcases the extensive product portfolios of the prominent market contenders and offers critical data and information about the application scope, as well as specifications of these products.
In addition, the study presents the fundamental market insights, pricing range of products offered by these companies, and the gross profits and losses experienced by these players throughout their market tenures.

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. IR Spectroscopy Market Segmentation & Impact Analysis
    4.1. IR Spectroscopy Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Growing demand for IR spectroscopy in diverse industries 
                    4.2.2.2. Increasing investment in research and development in the healthcare and pharmaceutical industries
                    4.2.2.3. Growing utilization of IR spectroscopy in the biological industry
                    4.2.2.4. Growing strict legislation and rules associated to process analytical technology in the healthcare industry
          4.2.3. Market restraints analysis 
                    4.2.3.1. The technological constraint of IR spectroscopy in the analysis of groups of chemical solvents
                    4.2.3.2. The high cost of IR spectroscopy devices
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter's Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. IR Spectroscopy Market By Type Insights & Trends, Revenue (USD Billion)
    5.1. Type Dynamics & Market Share, 2021–2028
          5.1.1. Micro Spectroscopes 
          5.1.2. Hyphenated Spectroscopes 
          5.1.3. Portable Spectroscopes
          5.1.4. Benchtop Spectroscopes

CONTINUED..!!

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