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IR Spectroscopy Market worth $1.6 billion by 2029 - Exclusive Report by MarketsandMarkets™CHICAGO, April 3, 2024 /PRNewswire/ -- 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 according to a new report by MarketsandMarkets™. 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.  Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42486905 Browse in-depth TOC on "IR Spectroscopy Market" IR Spectroscopy Market Report Scope:
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. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=42486905 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 industry 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 companies include Shimadzu Corporation (Japan); ZEISS (Germany); PerkinElmer Inc. (US); Agilent Technologies, Inc. (US); Bruker Corporation (US). Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=42486905 Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting Related Reports: Infrared Imaging Market Size, Share & Industry Growth Analysis Report by Technology (Cooled & Uncooled Infrared Imaging), Wavelength (Near, Shortwave, Mid-wave, & Long-wave Infrared), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical - Global Forecast to 2028 Raman Spectroscopy Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Benchtop, Portable), Instrument (Microscopy, FT, Handheld & Portable), Sampling Technique (Surface-enhanced Raman Scattering, Tip-enhanced Raman Scattering), Application and Region- Global Forecast to 2028 Spectroscopy IR Detector Market by Detector Technology (DTGS, MCT, InGaAs), Spectrum Sensitivity (NIR, Mid IR, and Far IR), Cooling Requirement (Cooled and Uncooled), Product Type (Benchtop, Portable, Hyphenated) - Global Forecast to 2022 Shortwave Infrared (SWIR) Market Size, Share, Statistics and Industry Growth Analysis Report by Scanning Type (Area Scan and Line Scan), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Technology, Vertical, Offering and Region (2021-2027) Infrared Detector Market by Type (Mercury Cadmium Telluride, INGaas, Pyroelectric, Thermopile, Microbolometer), Technology (Cooled and Uncooled), Wavelength (NIR & SWIR, MWIR, LWIR), Application, Vertical and Region - Global Forecast to 2028 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. 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. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. 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: Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
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