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Infrared Spectroscopy Devices Market to Ascend At 7.2 % CAGR during Forecast Period 2019-2023

The report covers the Current scenario and future growth prospects of the ‘Infrared Spectroscopy Devices Market’ from 2018-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Pune, Maharashtra - July 8, 2019 /MarketersMedia/

Infrared Spectroscopy refers to a technique that is used for structure in sedation detection and quantification of elements or molecules in any solid liquid or gaseous samples. IR spectroscopy exploits the fact that different elements and molecules can absorb characteristic frequencies of the structure. An infrared spectrum is a graph of infrared light absorbing all transmittance on the y-axis versus frequency or wavelength on the x axis. This graph is then used to study detect and quantify different samples. Infrared spectroscopy is used in various cellular industries such as pharmaceutical chemical food and beverages as well as biotechnology for the purpose of raw material testing and quality control.

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The Global Infrared Spectroscopy Devices Market is expected to accelerate at a 7.2% CAGR during the forecast period. Various factors are attributed to the growth of the infrared spectroscopy devices market. These factors include a growing concern towards safety and it engineer government regulations regarding the purity of products. Further, growing cases of adulteration are expected to drive influential growth in the infrared spectroscopy devices market. Technological innovations are expected to contribute heavily to the infrared spectroscopy devices market growth during the forecast period.

Infrared Spectroscopy Devices Market - Key Players

Some of the prominent players in the Global Infrared Spectroscopy Devices Market include

PerkinElmer
Jasco
Shimadzu
Bruker Corp.
Agilent Technologies
Thermo Fisher Scientific Inc.
Princeton Instruments
Sartorius AG

Industry Update

June 2019:

Researches at Fraunhofer Institute for Applied Solid State Physics have developed a spectroscopy system. This system is capable of measuring and identifying a wide variety of chemical and pharmaceutical substances both in real-time and remotely, ideal applications of this system are in the pharmaceutical chemical and food industry.

June 2019:

Stratio recently launched linksquare to attain usability, cost effectiveness,s and an efficient size model in the infrared spectroscopy devices space. Linksquare is a smart handheld spectrometer which covers wavelengths between 400 to 1000 nm. This device captures how the objects molecules vibrate to create a unique spectral fingerprint which can be seen in on an ios, macos, android, and a Windows device using Wi-Fi connection.

Infrared Spectroscopy Devices Market - Segmentation

The Global Infrared Spectroscopy Devices Market is segmented on the basis of spectral sensitivity, technology, product, end user, and region. Based on spectrum sensitivity, the global infrared spectroscopy devices market is segmented into near infrared, mid infrared, and far infrared. Based on technology, the infrared spectroscopy devices market is segmented into dispersive infrared spectroscopy and Fourier transform infrared spectroscopy. Based on product, the infrared spectroscopy devices market is segmented into portable, bench top, and hyphenated. On the basis of end user, the global infrared spectroscopy devices market is segmented into hospitals and clinics, pharmaceutical industries, and research laboratory.

Infrared Spectroscopy Devices Market - Detailed Regional Analysis

The Global Infrared Spectroscopy Devices Market as the regional segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. Among these regional segments, the Americas is the largest market for infrared spectroscopy devices. Such market domination can be attributed to rapid development of technology and a large research industry basis in the US.

On the other hand, Europe is expected to follow the Americas in the global infrared spectroscopy devices market. The region is expected to hold the second largest market share during the forecast period.

Asia Pacific is anticipated to grow at the fastest rate in Infrared Spectroscopy Devices Market. Such acceleration and growth can be attributed to a growing research and development expenditure witnessed by the region. Another factor contributing to fast-paced growth in Asia Pacific is the growing industrial economy during the forecast period.

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Source URL: https://marketersmedia.com/infrared-spectroscopy-devices-market-to-ascend-at-72-cagr-during-forecast-period-2019-2023/88893559

Source: MarketersMedia

Release ID: 88893559

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