The infrared spectroscopy market is expected to reach USD 1.3 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 5.2% during the forecast period. Growth in the market can primarily be attributed to factors such as stringent regulations in the pharmaceutical industry, growing food safety concerns, increasing government in Infrared technologies and technological advancements in the market. The terahertz spectroscopy market is expected to reach USD 45 million by 2025 from USD 30 million in 2020, at a CAGR of 8.3% during the forecast period. Growth in the market can primarily be attributed to factors such as increasing applications of terahertz spectroscopy as a screening technique in homeland security, the growing semiconductor industry, and technological advancements.
The benchtop segment to hold the largest market share in 2020. Based on instrument type, the infrared spectroscopy market is segmented into benchtop instruments, portable instruments, microscopy instruments and hyphenated instruments. In 2020, the benchtop instruments segment is expected to command the largest share of the infrared spectroscopy market. The large share of this segment can be attributed to the advantages offered by benchtop instruments such as improved workflow, minimum space requirements, and fewer maintenance requirements
The pharmaceutical and biotechnology applications segment to hold the largest market share in 2020. Based on the applications, the infrared spectroscopy market is segmented into food & beverage testing, pharmaceutical & biotechnology applications, industrial chemistry applications, environmental testing, and other applications (academic applications, forensic applications, biomonitoring, and agricultural applications).In 2020, the pharmaceutical and biotechnology applications segment to command the largest share of the infrared spectroscopy market.
The large share of this segment can be attributed to the stringent regulations in the pharmaceutical industry.
The mid-infrared radiation segment to hold the largest market share in 2020. Based on spectrum, the infrared spectroscopy market is segmented into mid-infrared radiation, near-infrared radiation and far-infrared radiation.In 2020, the mid-infrared radiation segment is expected to command the largest share of the infrared spectroscopy market.
The increase in the number of healthcare and pharmaceuticals applications and extensive usage in the food industry are driving the growth of this segment.
The semiconductor segment to hold the largest market share in 2020. Based on application, the terahertz spectroscopy market is segmented into semiconductor, homeland security, non-destructive testing and research & development.In 2020, the semiconductor segment is expected to command the largest share of the terahertz spectroscopy market.
Technologicala dvancements in the growing semiconductor industry is the major factor riving the growth of this segment.
The Asia Pacific region to witness the highest growth during the forecast period. Geographically, North America dominated the global infrared & terahertz spectroscopy market in 2020.However, the Asia Pacific market is expected to register the highest during the forecast period.
The major factors driving the growth of the Asia Pacific market include strategic expansions by key players, increasing food safety concerns and adoption of technologically advanced products.
Break of primary participants was as mentioned below: • By Company Type: Tier I: 43%, Tier II: 33%, Tier III: 24% • By Designation: C-Level Executives: 37%, Directors: 40%, Others: 23% • By Region: North America: 30%, Europe: 25%, Asia Pacific : 28%, RoW: 17%
PerkinElmer (US), Bruker Corporation (US) Shimadzu Corporation (US), Thermo Fisher Scientiific (US) were the leading players in the infrared spectroscopy market. TeraView Ltd (UK), Advantest Corporation (Japan), Menlo Systems GmbH (Germany) were the leading players in the terahertz spectroscopy market.
Research Coverage This report studies the infrared & terahertz spectroscopy market based on instrument type, spectrum, application and region.The report also studies the different factors (such as drivers, restraints, and opportunities) affecting the market growth.
It provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.
Key Benefits of Buying the Report This report focuses on various levels of analysis—industry trends, market shares of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the infrared & terahertz spectroscopy market and their drivers, restraints, and opportunities. The report also provides impact of Covid-19 on the infrared & terahertz spectroscopy market and will help both established firms as well as new entrants/smaller firms to gauge the pulse of the infrared & terahertz spectroscopy market and garner greater market shares.
Our reports have been used by over 10K customers, including:
The Peptide Therapeutics Market is valued at approximately USD 28,510.60 million in 2020 and is expected to witness a revenue of USD 51,360.30 million in 2026, with a CAGR of 9.66% over the forecast period (2021-2026). Novel peptides are being developed and repurposed as therapeutics for the treatment of COVID-19. Globally, researchers...
The mass spectrometry market size is expected to grow from an estimated USD 4.1 billion in 2020 to USD 5.6 billion by 2025, at a CAGR of 6.5%. Increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety, growing focus on the quality of food products, increase in crude and shale gas production, and growing...
The chromatography resin market size is estimated to be USD 2.2 billion in 2020 and is projected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% between 2020 and 2025. Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety will...
184 pages •
By Asia Market Information & Development Company
• Jan 2021
China’s demand for Acetic Anhydride has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The North America medical writing market is expected to reach US$ 1,266.23 million by 2027 from US$ 732.95 million in 2019; it is anticipated to grow at a CAGR of 7.1% during 2020–2027. The growth of the North America medical writing market is attributed to the increasing requirement of medical writers due to stringent regulatory framework...
The Quantum Computing market is expected to grow from USD 472 million in 2021 to USD 1,765 million by 2026, at a CAGR of 30.2%. The early adoption of quantum computing in the banking and finance sector is expected to fuel the growth of the market globally. Other key factors contributing to the growth of the quantum computing market include...
The global pharmaceutical membrane filtration market is estimated to grow from USD 5.8 billion in 2020 to reach USD 10.2 billion by 2025, at a CAGR of 12.0% during the forecast period. The rising adoption of single-use technologies, rapid growth in the pharmaceutical and biopharmaceutical industries, and the growing demand for nanofiltration...
The microplate reader market was valued at US$ 534.5 million in 2019 and is projected to reach US$ 704.4 million by 2027; it is expected to grow at a CAGR of 3.6% during 2020–2027. The market is attributed to increasing research and development in the pharmaceuticals industry, and escalating incidence of infectious diseases. However, high...
137 pages •
By Future Market Insight Global & Consulting Pvt Ltd
• Jan 2021
A recent market study published on the Clean Label Pectin Market offers global industry analysis for 2014-2019 & opportunity assessment for 2020–2028. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects...
Insomnia - Pipeline Review, H2 2020
latest Pharmaceutical and Healthcare disease pipeline guide Insomnia - Pipeline Review, H2 2020, provides an overview of the Insomnia (Central Nervous System) pipeline landscape.
Insomnia is a sleep disorder that is characterized by difficulty...
Diagnostic Imaging Density
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.