infrared spectroscopy devices market is expected to grow at a CAGR of ~7.2% from 2017 to 2023,Market Research by Spectrum Sensitivity,by Technology,by Product
PUNE, MAHARASHTRA, INDIA, May 19, 2017 /EINPresswire.com/ — Market Highlights
Global infrared spectroscopy devices market is expected to grow at a CAGR of ~7.2% during the period 2017 to 2023
Infrared spectroscopy devices use infrared waves for elucidating the presence, structure and quantity of any element or molecule in a sample. The underlying mechanism of working is the differential absorption or transmittance of waves due to differences in structure of the sample. The infrared light absorbance or transmittance is then plotted on the vertical axis vs. frequency or wavelength on the horizontal axis and is called infrared spectrum. The spectrum is then used to detect, quantify and study different samples.
The IR spectroscopy devices market will generate stable and sustaining growth due to explosive growth in research and development expenditure, growing demand for safety of drugs and chemicals and the growth of stringent regulations. Thus IR spectroscopy has and will remain an indispensable need of any industry not to speak of its unsurmountable need in pharmaceutical industry.
Product development and technological innovation remain the dominant market strategy for being a market leader in IR spectroscopy devices market. The development of high sensitivity and low response time detectors such as photo-conducting detectors, growing miniaturization and portability of devices along with the growth of computational processing power has led to the growth of market. Further advances such as the coupling of IR spectroscopes (Hyphenation) with other instruments such as high pressure liquid chromatography (HPLC) has led to greater automation of the technique. The growing drug discovery industry and the biotechnological sector has created greater demand for devices with faster response and high sensitivity. The market for IR spectroscopy devices favor companies with strong in-house research and development skills.
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Key Players for Global Infrared spectroscopy devices Market:
• Bruker Corp.,
• Agilent Technologies,
• Thermo Fisher Scientific Inc.,
• Princeton Instruments,
• Sartorius AG
The Hottest Trend in the Market
Structure elucidation, detection and quantifying substances in a sample remain an indispensable need of many industries not to mention its important status in the pharmaceutical industry. IR spectroscopy involves bombarding the sample with infrared waves and detecting their absorbance or transmittance. As the absorbance or transmittance depend on the composition and structure of the sample we can detect and quantify the composition of the sample.
The market for global IR spectroscopy devices will reflect a sustained growth due to growing regulations for safety of pharmaceuticals and the greater demand of ultra-pure drugs and pharmaceuticals. The growing cases of adulteration coupled with the huge costs of noncompliance will lead to the growth of this industry. The product development strategy includes development of high sensitivity and low response time detectors such as photo-conducting detectors, the growing miniaturization and portability and the greater use of information technology. The growing use of automation will also drive the market and is exemplified by coupling of IR spectroscopes (Hyphenation) with other instruments such as high pressure liquid chromatography (HPLC).
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Infrared Spectroscopy Devices Market Research Report- Forecast to 2023”
Table of Content
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
Key questions answered in this report
• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Source: EIN Presswire