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United States IR Spectroscopy Market Report 2022: A $270+ Mn Market by 2027 - Growing Product Developments for Biological Research -

By Business Wire

Business Wire
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DUBLIN--(BUSINESS WIRE)--The "US IR Spectroscopy Market (2022-2027) by Technology, Product Type, End-User Industry, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to's offering.

The US IR Spectroscopy Market is estimated to be USD 222.84 Mn in 2022 and is projected to reach USD 271.9 Mn by 2027, growing at a CAGR of 4.06%.

Market dynamics are forces that impact the prices and behaviors of the US IR Spectroscopy Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.

Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

Some of the companies covered in this report are ABB. Ltd, Alligent Technologies, Bayspec Inc, Bristol-Instruments Inc, Bruker Corp, Carl Zeiss AG, etc.

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.

The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US IR Spectroscopy Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company.

The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US IR Spectroscopy Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Market Dynamics


  • Increase in R&D Investments in Healthcare & Pharmaceuticals Industry
  • Continuous Technological Advancements in IR Spectroscopy


  • Technical Limitations of IR Spectroscopy
  • Availability of Used IR Spectroscopy Devices


  • Adoption of NIR Spectroscopy in Seed Quality Detection
  • Growing Product Development for Biological Research


  • High Cost of IR Spectroscopy Products

Market Segmentations

  • By Technology, the market is classified into Near-Infrared Spectroscopy, Mid-Infrared Spectroscopy, and Far-Infrared.
  • By Product Type, the market is classified into Benchtop Spectroscopes, Micro Spectroscopes, Portable Spectroscopes, and Hyphenated Spectroscopes.
  • By End-User Industry, the market is classified into Healthcare & Pharmaceuticals, Chemicals, Food & Beverages, Environmental, Biological Research, and Consumer Electronics.

Company Profiles

  • ABB. Ltd
  • Alligent Technologies
  • Bayspec Inc
  • Bristol-Instruments Inc
  • Bruker Corp
  • Carl Zeiss AG
  • FOSS
  • Hitachi-High-Technologies Corp
  • Horiba Ltd
  • Jasco Inc
  • Microptik Bv
  • PerkinElmer Inc
  • Sartorius AG
  • Shimabzu Corp
  • Teledyne-Princeton Instruments
  • Thermo-Fisher Scientific
  • Wasatch Photonics

For more information about this report visit

Laura Wood, Senior Press Manager

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First published on Fri, Jul 22, 2022

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