IR Spectroscopy Market to Grow at a CAGR of 6.3% to reach US$ 1,998.22 Million from 2021 to 2028

    IR Spectroscopy Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Near-Infrared, Mid-Infrared, and Far-Infrared), Product Type (Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, and Hyphenated Spectroscopes), and End user (Healthcare, Chemicals, Oil & Gas, Food & Beverages, and Other End users), Geography

    Publication Month: Mar 2021 | Report Code: TIPRE00017506 | No. of Pages: 174 | Category: Electronics and Semiconductor | Status: Published

    The IR spectroscopy market was valued at US$ 1,244.57 million in 2020 and is expected to grow at a CAGR of 6.3% during the forecast period of 2021 to 2028 to reach US$ 1,998.22 million by 2028.

    Spectroscopy is paving the path of sampling for testing purpose in varied applications, including healthcare and medical research. In mentioned applications, spectroscopy is used as a tool for enhancing diagnostics, sensing, and disease detection. In the past few years, many advancements have evolved spectroscopes from near-IR to UV-VIS for biomedical and several other applications. Factors such as growing number of medical facilities and clinical research centers across the world to better serve the needs of patients and medical staff and increasing investments in healthcare & pharmaceutical industries to encourage R&D in mentioned industries are contributing toward the market growth. Also, the Asian market houses varied industries—ranging from manufacturing to oil & gas—which is further raising the demand for IR spectroscopes for testing and sampling purposes. Moreover, the emergence of lightweight and compact portable/handheld spectroscopes to assist in on-field applications is another factor anticipated to bring growth prospects for the manufacturers and providers of IR spectroscopy. Also, rising number of food processing units and increasing dairy operations across the world are creating significant opportunities for the IR spectroscopy manufacturers, which, in turn, is expected to propel the growth of the IR spectroscopy market during the forecast period.

    Impact of COVID-19 Pandemic on IR Spectroscopy Market

    The COVID-19 crisis is affecting the industries worldwide. The global economy took the worst hit in 2020 and it is likely to continue in 2021. The outbreak has created significant disruptions in primary industries such as food & beverages, medical, energy & power, electronics & semiconductor, petroleum, and chemicals. A sharp decline in the growth of mentioned industrial activities is impacting the growth of the global IR spectroscopy market as they are the major supply and demand sources for IR spectroscopy products and solutions. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted manufacturing, supply, and sales of various electronic components that are required for the manufacturing of IR spectroscopy.

    Lucrative Regional Markets for IR Spectroscopy Providers

    Lucrative Regional Markets for IR Spectroscopy Providers

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    IR Spectroscopy Market Insights

    Rising Applications in Pharmaceutical and Healthcare Industry

    IR spectroscopes are prominently used in healthcare & pharmaceutical industries. Owing to rising investments in diagnostics and biomedical research, the scope of IR spectroscopy market is expanding. As clinical and research instrumentation, optical spectroscopy, and sensing are the major part of life sciences, IR spectroscopy provides ideal means for real-time analysis and non-destructive sampling in labs. Additionally, increasing demand for IR spectroscopy from various pharmaceutical companies for integrating new age cloud-based devices is further propelling the market growth.

    Technology-Based Market Insights

    Based on technology, the IR spectroscopy market is segmented into near-infrared, mid-infrared, and far-infrared. The mid-infrared segment led the IR spectroscopy market.The mid-infrared spectroscopy (MIR) is a vibrational spectroscopy technique, which identifies chemicals based on interaction of molecules with electromagnetic radiation in a mid-infrared region in a range of 400–4000 cm-1. The MIR spectroscopic sensing has a prolonged history of developing, implementing, and continually improving powerful instruments. Advancement in MIR light sources and spectrometers is prompting the development of fast and powerful instruments to explore an array of industrial, scientific, and biomedical problems. For instance, Agilent Technologies provides 5500 Series compact and portable mid-IR spectrometers developed for on-site oil & lubricant analysis. In addition to applications of MIR, environmental gas sensing is another application of MIR spectrometers. Moreover, MIR spectroscopy provides label-free chemical contrast in biosensing of tissues and cells. Such diverse application areas of MIR spectroscopy would help in fueling the market growth.

    IR Spectroscopy Market, by Product Type – 2020 and 2028

    IR Spectroscopy Market, by Product Type – 2020 and 2028

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    Strategic Insights

    The players operating in the

    IR spectroscopy

    market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

    • In 2021, Agilent Technologies, Inc. released MassHunter Workstation Plus 11.0, MassHunter BioConfirm, and MassHunter Networked Workstation 11.0 in order to comply with regulatory requirements from the EU EMEA and US FDA.
    • In 2019, PerkinElmer Inc. launched DA 6200 NIR analyser—an NIR spectrometer, which would allow meat and olive processors to perform quality and process control more accurately.

    The IR spectroscopy market has been segmented as follows:

    IR Spectroscopy Market – by Technology

    • Near-infrared
    • Mid-infrared
    • Far-infrared

    IR Spectroscopy Market – by Product Type

    • Benchtop Spectroscopes
    • Micro Spectroscopes
    • Portable Spectroscopes
    • Hyphenated Spectroscopes

    IR Spectroscopy Market – by End-user

    • Healthcare
    • Chemicals
    • Oil and Gas
    • Food and Beverages
    • Other End-users

    IR Spectroscopy Market – by Region

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)
      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Rest of APAC
    • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America (SAM)
      • Brazil
      • Argentina
      • Rest of SAM

    Company Profiles

    • Agilent Technologies, Inc.
    • Bruker Corporation
    • Hitachi, Ltd.
    • HORIBA LTD.
    • JASCO International Co., Ltd.
    • PerkinElmer Inc.
    • Shimadzu Corporation
    • Thermo Fisher Scientific Inc.
    • Lumex Instruments
    • Carl Zeiss AG.

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    1.3.1 IR Spectroscopy Market – By Technology

    1.3.2 IR Spectroscopy Market – By Product Type

    1.3.3 IR Spectroscopy Market – By End-user

    1.3.4 IR Spectroscopy Market- By Region

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. IR Spectroscopy Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America – PEST Analysis

    4.2.2 Europe – PEST Analysis

    4.2.3 Asia-Pacific – PEST Analysis

    4.2.4 Middle East and Africa – PEST Analysis

    4.2.5 South America – PEST Analysis

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    5. IR Spectroscopy Market – Key Market Dynamics

    5.1 Key Market Drivers

    5.1.1 Rising Applications in Pharmaceutical and Healthcare Industry

    5.1.2 Growing scope of IR Spectroscopy in Asia Pacific Region

    5.2 Key Market Restraints

    5.2.1 High Cost of IR Spectroscopy Solutions

    5.3 Key Market Opportunities

    5.3.1 Upcoming Growth Opportunity in Food Industry

    5.4 Future Trends

    5.4.1 Advent of Portable/Handheld Spectrometers

    5.5 Impact Analysis of Drivers and Restraints

    6. IR Spectroscopy Market – Global Analysis

    6.1 IR Spectroscopy Market Global Overview

    6.2 IR Spectroscopy Market – Global Revenue and Forecast to 2028 (US$ Million)

    6.3 Market Positioning – Five Key Players

    7. IR Spectroscopy Market Analysis – By Technology

    7.1 Overview

    7.2 IR Spectroscopy Market, By Technology (2020 and 2028)

    7.3 Near-infrared

    7.3.1 Overview

    7.3.2 Near-infrared: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    7.4 Mid-infrared

    7.4.1 Overview

    7.4.2 Mid-infrared: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    7.5 Far-infrared

    7.5.1 Overview

    7.5.2 Far-infrared: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    8. IR Spectroscopy Market – By Product Type

    8.1 Overview

    8.2 IR Spectroscopy Market, by Product Type (2020 and 2028)

    8.3 Benchtop Spectroscopes

    8.3.1 Overview

    8.3.2 Benchtop Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    8.4 Micro Spectroscopes

    8.4.1 Overview

    8.4.2 Micro Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    8.5 Portable Spectroscopes

    8.5.1 Overview

    8.5.2 Portable Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    8.6 Hyphenated Spectroscopes

    8.6.1 Overview

    8.6.2 Hyphenated Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    9. IR Spectroscopy Market – By End-User

    9.1 Overview

    9.2 IR Spectroscopy Market, by End-User (2020 and 2028)

    9.3 Healthcare

    9.3.1 Overview

    9.3.2 Healthcare: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    9.4 Chemicals

    9.4.1 Overview

    9.4.2 Chemicals: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    9.5 Oil and Gas

    9.5.1 Overview

    9.5.2 Oil and Gas: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    9.6 Food and Beverages

    9.6.1 Overview

    9.6.2 Food and Beverages: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    9.7 Other End-Users

    9.7.1 Overview

    9.7.2 Other End-Users: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10. IR Spectroscopy Market – Geographic Analysis

    10.1 Overview

    10.2 North America: IR Spectroscopy Market

    10.2.1 North America: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.2.2 North America: IR Spectroscopy Market- by Technology

    10.2.3 North America: IR Spectroscopy Market- By Product Type

    10.2.4 North America: IR Spectroscopy Market- By End-user

    10.2.5 North America: IR Spectroscopy Market- by Key Country

    10.2.5.1 US: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.2.5.1.1 US: IR Spectroscopy Market- by Technology

    10.2.5.1.2 US: IR Spectroscopy Market- By Product Type

    10.2.5.1.3 US: IR Spectroscopy Market- By End-user

    10.2.5.2 Canada: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.2.5.2.1 Canada: IR Spectroscopy Market- by Technology

    10.2.5.2.2 Canada: IR Spectroscopy Market- By Product Type

    10.2.5.2.3 Canada: IR Spectroscopy Market- By End-user

    10.2.5.3 Mexico: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.2.5.3.1 Mexico: IR Spectroscopy Market- by Technology

    10.2.5.3.2 Mexico: IR Spectroscopy Market- By Product Type

    10.2.5.3.3 Mexico: IR Spectroscopy Market- By End-user

    10.3 Europe: IR Spectroscopy Market

    10.3.1 Europe: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.3.2 Europe: IR Spectroscopy Market- by Technology

    10.3.3 Europe: IR Spectroscopy Market- By Product Type

    10.3.4 Europe: IR Spectroscopy Market- By End-user

    10.3.5 Europe: IR Spectroscopy Market- by Key Country

    10.3.5.1 Germany: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.3.5.1.1 Germany: IR Spectroscopy Market- by Technology

    10.3.5.1.2 Germany: IR Spectroscopy Market- By Product Type

    10.3.5.1.3 Germany: IR Spectroscopy Market- By End-user

    10.3.5.2 France: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.3.5.2.1 France: IR Spectroscopy Market- by Technology

    10.3.5.2.2 France: IR Spectroscopy Market- By Product Type

    10.3.5.2.3 France: IR Spectroscopy Market- By End-user

    10.3.5.3 Italy: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.3.5.3.1 Italy: IR Spectroscopy Market- by Technology

    10.3.5.3.2 Italy: IR Spectroscopy Market- By Product Type

    10.3.5.3.3 Italy: IR Spectroscopy Market- By End-user

    10.3.5.4 UK: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.3.5.4.1 UK: IR Spectroscopy Market- by Technology

    10.3.5.4.2 UK: IR Spectroscopy Market- By Product Type

    10.3.5.4.3 UK: IR Spectroscopy Market- By End-user

    10.3.5.5 Russia: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.3.5.5.1 Russia: IR Spectroscopy Market- by Technology

    10.3.5.5.2 Russia: IR Spectroscopy Market- By Product Type

    10.3.5.5.3 Russia: IR Spectroscopy Market- By End-user

    10.3.5.6 Rest of Europe: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.3.5.6.1 Rest of Europe: IR Spectroscopy Market- by Technology

    10.3.5.6.2 Rest of Europe: IR Spectroscopy Market- By Product Type

    10.3.5.6.3 Rest of Europe: IR Spectroscopy Market- By End-user

    10.4 APAC: IR Spectroscopy Market

    10.4.1 APAC: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.2 APAC: IR Spectroscopy Market- by Technology

    10.4.3 APAC: IR Spectroscopy Market- By Product Type

    10.4.4 APAC: IR Spectroscopy Market- By End-user

    10.4.5 APAC: IR Spectroscopy Market- by Key Country

    10.4.5.1 Australia: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.5.1.1 Australia: IR Spectroscopy Market- by Technology

    10.4.5.1.2 Australia: IR Spectroscopy Market- By Product Type

    10.4.5.1.3 Australia: IR Spectroscopy Market- By End-user

    10.4.5.2 China: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.5.2.1 China: IR Spectroscopy Market- by Technology

    10.4.5.2.2 China: IR Spectroscopy Market- By Product Type

    10.4.5.2.3 China: IR Spectroscopy Market- By End-user

    10.4.5.3 India: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.5.3.1 India: IR Spectroscopy Market- by Technology

    10.4.5.3.2 India: IR Spectroscopy Market- By Product Type

    10.4.5.3.3 India: IR Spectroscopy Market- By End-user

    10.4.5.4 Japan: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.5.4.1 Japan: IR Spectroscopy Market- by Technology

    10.4.5.4.2 Japan: IR Spectroscopy Market- By Product Type

    10.4.5.4.3 Japan: IR Spectroscopy Market- By End-user

    10.4.5.5 South Korea: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.5.5.1 South Korea: IR Spectroscopy Market- by Technology

    10.4.5.5.2 South Korea: IR Spectroscopy Market- By Product Type

    10.4.5.5.3 South Korea: IR Spectroscopy Market- By End-user

    10.4.5.6 Rest of APAC: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.4.5.6.1 Rest of APAC: IR Spectroscopy Market- by Technology

    10.4.5.6.2 Rest of APAC: IR Spectroscopy Market- By Product Type

    10.4.5.6.3 Rest of APAC: IR Spectroscopy Market- By End-user

    10.5 MEA: IR Spectroscopy Market

    10.5.1 MEA: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.2 MEA: IR Spectroscopy Market- by Technology

    10.5.3 MEA: IR Spectroscopy Market- By Product Type

    10.5.4 MEA: IR Spectroscopy Market- By End-user

    10.5.5 MEA: IR Spectroscopy Market- by Key Country

    10.5.5.1 South Africa: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.5.1.1 South Africa: IR Spectroscopy Market- by Technology

    10.5.5.1.2 South Africa: IR Spectroscopy Market- By Product Type

    10.5.5.1.3 South Africa: IR Spectroscopy Market- By End-user

    10.5.5.2 Saudi Arabia: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.5.2.1 Saudi Arabia: IR Spectroscopy Market- by Technology

    10.5.5.2.2 Saudi Arabia: IR Spectroscopy Market- By Product Type

    10.5.5.2.3 Saudi Arabia: IR Spectroscopy Market- By End-user

    10.5.5.3 UAE: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.5.3.1 UAE: IR Spectroscopy Market- by Technology

    10.5.5.3.2 UAE: IR Spectroscopy Market- By Product Type

    10.5.5.3.3 UAE: IR Spectroscopy Market- By End-user

    10.5.5.4 Rest of MEA: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.5.4.1 Rest of MEA: IR Spectroscopy Market- by Technology

    10.5.5.4.2 Rest of MEA: IR Spectroscopy Market- By Product Type

    10.5.5.4.3 Rest of MEA: IR Spectroscopy Market- By End-user

    10.6 SAM: IR Spectroscopy Market

    10.6.1 SAM: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.6.2 SAM: IR Spectroscopy Market- by Technology

    10.6.3 SAM: IR Spectroscopy Market- By Product Type

    10.6.4 SAM: IR Spectroscopy Market- By End-user

    10.6.5 SAM: IR Spectroscopy Market- by Key Country

    10.6.5.1 Brazil: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.6.5.1.1 Brazil: IR Spectroscopy Market- by Technology

    10.6.5.1.2 Brazil: IR Spectroscopy Market- By Product Type

    10.6.5.1.3 Brazil: IR Spectroscopy Market- By End-user

    10.6.5.2 Argentina: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.6.5.2.1 Argentina: IR Spectroscopy Market- by Technology

    10.6.5.2.2 Argentina: IR Spectroscopy Market- By Product Type

    10.6.5.2.3 Argentina: IR Spectroscopy Market- By End-user

    10.6.5.3 Rest of SAM: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    10.6.5.3.1 Rest of SAM: IR Spectroscopy Market- by Technology

    10.6.5.3.2 Rest of SAM: IR Spectroscopy Market- By Product Type

    10.6.5.3.3 Rest of SAM: IR Spectroscopy Market- By End-user

    11. IR Spectroscopy Market- COVID-19 Impact Analysis

    11.1 Overview

    11.2 North America

    11.3 Europe

    11.4 Asia Pacific

    11.5 Middle East and Africa

    11.6 South America

    12. Industry Landscape

    12.1 Overview

    12.2 Market Initiative

    12.3 New Product Development

    13. Company Profiles

    13.1 Agilent Technologies, Inc.

    13.1.1 Key Facts

    13.1.2 Business Description

    13.1.3 Products and Services

    13.1.4 Financial Overview

    13.1.5 SWOT Analysis

    13.1.6 Key Developments

    13.2 Bruker Corporation

    13.2.1 Key Facts

    13.2.2 Business Description

    13.2.3 Products and Services

    13.2.4 Financial Overview

    13.2.5 SWOT Analysis

    13.2.6 Key Developments

    13.3 Hitachi, Ltd.

    13.3.1 Key Facts

    13.3.2 Business Description

    13.3.3 Products and Services

    13.3.4 Financial Overview

    13.3.5 SWOT Analysis

    13.3.6 Key Developments

    13.4 Horiba, Ltd.

    13.4.1 Key Facts

    13.4.2 Business Description

    13.4.3 Products and Services

    13.4.4 Financial Overview

    13.4.5 SWOT Analysis

    13.4.6 Key Developments

    13.5 JASCO International Co., Ltd.

    13.5.1 Key Facts

    13.5.2 Business Description

    13.5.3 Products and Services

    13.5.4 Financial Overview

    13.5.5 SWOT Analysis

    13.5.6 Key Developments

    13.6 PerkinElmer, Inc.

    13.6.1 Key Facts

    13.6.2 Business Description

    13.6.3 Products and Services

    13.6.4 Financial Overview

    13.6.5 SWOT Analysis

    13.6.6 Key Developments

    13.7 Shimadzu Corporation

    13.7.1 Key Facts

    13.7.2 Business Description

    13.7.3 Products and Services

    13.7.4 Financial Overview

    13.7.5 SWOT Analysis

    13.7.6 Key Developments

    13.8 Thermo Fisher Scientific Inc.

    13.8.1 Key Facts

    13.8.2 Business Description

    13.8.3 Products and Services

    13.8.4 Financial Overview

    13.8.5 SWOT Analysis

    13.8.6 Key Developments

    13.9 Lumex Instruments

    13.9.1 Key Facts

    13.9.2 Business Description

    13.9.3 Products and Services

    13.9.4 Financial Overview

    13.9.5 SWOT Analysis

    13.9.6 Key Developments

    13.10 Carl Zeiss AG

    13.10.1 Key Facts

    13.10.2 Business Description

    13.10.3 Products and Services

    13.10.4 Financial Overview

    13.10.5 SWOT Analysis

    13.10.6 Key Developments

    14. Appendix

    14.1 About The Insight Partners

    14.2 Word Index


    LIST OF TABLES

    Table 1. IR Spectroscopy Market – Revenue, and Forecast to 2028 (US$ Million)

    Table 2. North America: IR Spectroscopy Market- by Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 3. North America: IR Spectroscopy Market- By Product Type – Revenue and Forecast to 2028 (US$ Million)

    Table 4. North America: IR Spectroscopy Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

    Table 5. US: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 6. US: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 7. US: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 8. Canada: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 9. Canada: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 10. Canada: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 11. Mexico: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 12. Mexico: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 13. Mexico: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 14. Europe: IR Spectroscopy Market- by Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 15. Europe: IR Spectroscopy Market- By Product Type – Revenue and Forecast to 2028 (US$ Million)

    Table 16. Europe: IR Spectroscopy Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

    Table 17. Germany: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 18. Germany: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 19. Germany: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 20. France: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 21. France: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 22. France: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 23. Italy: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 24. Italy: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 25. Italy: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 26. UK: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 27. UK: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 28. UK: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 29. Russia: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 30. Russia: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 31. Russia: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 32. Rest of Europe: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 33. Rest of Europe: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 34. Rest of Europe: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 35. APAC: IR Spectroscopy Market- by Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 36. APAC: IR Spectroscopy Market- By Product Type – Revenue and Forecast to 2028 (US$ Million)

    Table 37. APAC: IR Spectroscopy Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

    Table 38. Australia: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 39. Australia: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 40. Australia: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 41. China: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 42. China: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 43. China: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 44. India: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 45. India: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 46. India: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 47. Japan: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 48. Japan: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 49. Japan: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 50. South Korea: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 51. South Korea: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 52. South Korea: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 53. Rest of APAC: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 54. Rest of APAC: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 55. Rest of APAC: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 56. MEA: IR Spectroscopy Market- by Technology– Revenue and Forecast to 2028 (US$ Million)

    Table 57. MEA: IR Spectroscopy Market- By Product Type – Revenue and Forecast to 2028 (US$ Million)

    Table 58. MEA: IR Spectroscopy Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

    Table 59. South Africa: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 60. South Africa: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 61. South Africa: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 62. Saudi Arabia: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 63. Saudi Arabia: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 64. Saudi Arabia: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 65. UAE: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 66. UAE: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 67. UAE: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 68. Rest of MEA: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 69. Rest of MEA: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 70. Rest of MEA: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 71. SAM: IR Spectroscopy Market- by Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 72. SAM: IR Spectroscopy Market- By Product Type – Revenue and Forecast to 2028 (US$ Million)

    Table 73. SAM: IR Spectroscopy Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

    Table 74. Brazil: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 75. Brazil: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 76. Brazil: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 77. Argentina: IR Spectroscopy Market- by Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 78. Argentina: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 79. Argentina: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 80. Rest of SAM: IR Spectroscopy Market- by Technology–Revenue and Forecast to 2028 (US$ Million)

    Table 81. Rest of SAM: IR Spectroscopy Market- By Product Type –Revenue and Forecast to 2028 (US$ Million)

    Table 82. Rest of SAM: IR Spectroscopy Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

    Table 83. List of Abbreviation


    LIST OF FIGURES

    Figure 1. IR Spectroscopy Market Segmentation

    Figure 2. IR Spectroscopy Market Segmentation – By Geography

    Figure 3. Global IR Spectroscopy Market Overview

    Figure 4. Mid-infrared Segment Held the Largest Market Share in 2020

    Figure 5. Benchtop Spectroscopes Held the Largest Market Share in 2020

    Figure 6. Healthcare End-user Held the Largest Market Share in 2020

    Figure 7. North America was the Largest Revenue Contributor in 2020

    Figure 8. North America – PEST Analysis

    Figure 9. Europe – PEST Analysis

    Figure 10. Asia-Pacific – PEST Analysis

    Figure 11. Middle East and Africa – PEST Analysis

    Figure 12. South America – PEST Analysis

    Figure 13. IR Spectroscopy Market– Ecosystem Analysis

    Figure 14. Expert Opinion

    Figure 15. IR Spectroscopy Market: Impact Analysis of Drivers and Restraints

    Figure 16. Geographic Overview of IR Spectroscopy Market

    Figure 17. Global IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 18. IR Spectroscopy Market Revenue Share, by Technology (2020 and 2028)

    Figure 19. Near-infrared: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 20. Mid-infrared IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 21. Far-infrared IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 22. IR Spectroscopy Market Revenue Share, by Product Type (2020 and 2028)

    Figure 23. Benchtop Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 24. Micro Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 25. Portable Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 26. Hyphenated Spectroscopes: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 27. IR Spectroscopy Market Revenue Share, by End-User (2020 and 2028)

    Figure 28. Healthcare: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 29. Chemicals: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 30. Oil and Gas: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 31. Food and Beverages: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 32. Other End-Users: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 33. IR Spectroscopy Market Revenue Share, By Region (2020 and 2028)

    Figure 34. North America: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 35. North America: IR Spectroscopy Market Revenue Share, by Technology (2020 and 2028)

    Figure 36. North America: IR Spectroscopy Market Revenue Share, By Product Type (2020 and 2028)

    Figure 37. North America: IR Spectroscopy Market Revenue Share, By End-user (2020 and 2028)

    Figure 38. North America: IR Spectroscopy Market Revenue Share, by Key Country (2020 and 2028)

    Figure 39. US: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 40. Canada: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 41. Mexico: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 42. Europe: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 43. Europe: IR Spectroscopy Market Revenue Share, By Technology (2020 and 2028)

    Figure 44. Europe: IR Spectroscopy Market Revenue Share, By Product Type (2020 and 2028)

    Figure 45. Europe: IR Spectroscopy Market Revenue Share, By End-user (2020 and 2028)

    Figure 46. Europe: IR Spectroscopy Market Revenue Share, By Key Country (2020 and 2028)

    Figure 47. Germany: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 48. France: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 49. Italy: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 50. UK: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 51. Russia: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 52. Rest of Europe: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 53. APAC: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 54. APAC: IR Spectroscopy Market Revenue Share, By Technology (2020 and 2028)

    Figure 55. APAC: IR Spectroscopy Market Revenue Share, By Product Type (2020 and 2028)

    Figure 56. APAC: IR Spectroscopy Market Revenue Share, By End-user (2020 and 2028)

    Figure 57. APAC: IR Spectroscopy Market Revenue Share, By Key Country (2020 and 2028)

    Figure 58. Australia: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 59. China: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 60. India: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 61. Japan: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 62. South Korea: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 63. Rest of APAC: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 64. MEA: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 65. MEA: IR Spectroscopy Market Revenue Share, By Technology (2020 and 2028)

    Figure 66. MEA: IR Spectroscopy Market Revenue Share, By Product Type (2020 and 2028)

    Figure 67. MEA: IR Spectroscopy Market Revenue Share, By End-user (2020 and 2028)

    Figure 68. MEA: IR Spectroscopy Market Revenue Share, By Key Country (2020 and 2028)

    Figure 69. South Africa: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 70. Saudi Arabia: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 71. UAE: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 72. Rest of MEA: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 73. SAM: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 74. SAM: IR Spectroscopy Market Revenue Share, By Technology (2020 and 2028)

    Figure 75. SAM: IR Spectroscopy Market Revenue Share, By Product Type (2020 and 2028)

    Figure 76. SAM: IR Spectroscopy Market Revenue Share, By End-user (2020 and 2028)

    Figure 77. SAM: IR Spectroscopy Market Revenue Share, By Key Country (2020 and 2028)

    Figure 78. Brazil: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 79. Argentina: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 80. Rest of SAM: IR Spectroscopy Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 81. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 82. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 83. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 84. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 85. Impact of COVID-19 Pandemic in South America Country Markets

    The List of Companies - IR Spectroscopy Market

    1. Agilent Technologies, Inc.
    2. Bruker Corporation
    3. Hitachi, Ltd.
    4. HORIBA LTD.
    5. JASCO International Co., Ltd.
    6. PerkinElmer Inc.
    7. Shimadzu Corporation
    8. Thermo Fisher Scientific Inc.
    9. Lumex Instruments
    10. Carl Zeiss AG
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    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
    • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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    Frequently Asked Questions

    Presently, North America held the largest revenue share of global IR spectroscopy market. The region attracts numerous technological developments in the field of IR spectroscopy which is making market grow in North America. For instance, Agilent Technologies, Inc. released MassHunter Workstation Plus 11.0, MassHunter BioConfirm, and MassHunter Networked Workstation 11.0 in 2021 to comply with regulatory requirements from the EU EMEA and US FDA. Similarly, presence of companies like Agilent Technologies, Inc., Bruker Corporation, and PerkinElmer, Inc. within the territory of the region will further raise the production and sales cycle of spectroscopes.
    IR spectroscopes are the prominent spectroscopic technique used in healthcare & pharmaceutical industries. Owing to rising investments in diagnostics and biomedical research, the scope of IR spectroscopy market is expanding. As clinical and research instrumentation, optical spectroscopy, and sensing are the major part of life sciences, IR spectroscopy provides ideal means for real-time analysis and non-destructive sampling in labs. Additionally, increasing demand for IR spectroscopy from various pharmaceutical companies for integrating new age cloud-based devices is further propelling the IR spectroscopy market growth.
    The healthcare is leading the global IR spectroscopy market. Healthcare is one of the prominent end users of IR spectroscopy. The IR spectroscopy in healthcare and pharmaceuticals sector is used to enhance lighting efficiency of the endoscopic instruments used for removing kidney stones, artery plaque, and others. Imaging and illumination components of endoscopes are prevalent application areas of IR spectroscopy in the healthcare industry.

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