FT-IR Spectroscopy Market: Overview
• Fourier-transform infrared spectroscopy, or FT-IR spectroscopy, is part of molecular spectroscopy and is a popular tool used to determine the functional groups present in samples via infrared absorbance spectra
• FT-IR spectrometers provide a rapid, accurate, and cost-effective capability to identify pharmaceutical compounds and specific molecules
• The technique has a range of applications including gas analysis, food & packaging, environmental analysis, pharmaceutical, life science, research, oil & gas analysis, and forensics
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Key Drivers of Global FT-IR Spectroscopy Market
• Rapid technological advancements in infrared (IR) spectroscopy, increase in investment in research & development activities by pharmaceutical & biotech companies, and wide applications of FT-IR spectroscopy techniques in various industries are the key factors projected to boost the growth of the global FT-IR spectroscopy market in the next few years
• Stringent regulatory guidelines for food labeling and packaging has fueled the adoption of FT-IR spectrometers. For instance, food manufacturers use the infrared attenuated total reflectance (ATR) technique for rapid determination of trans fat content in food products. Moreover, it is used for wine sample analysis and to identify unknown components or adulterants in food samples.
• Increase in applications of FT-IR spectroscopy in the pharmaceutical and life science industries is anticipated to fuel the growth of the global FT-IR spectroscopy market during the forecast period. FT-IR spectroscopy technique is widely adopted in the drug development process for rapid screening of raw materials and intermediates, to analyze product formulations and validation, quality control processes, and packaging to ensure regulatory compliance. All these factors are expected to accelerate the growth of the global FT-IR spectroscopy market in the next few years.
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North America to Dominate Global FT-IR Spectroscopy Market
• Increase in adoption of technologically advanced systems and rise in focus of pharmaceutical & biotech companies on drug discovery and development in the U.S. are likely to propel demand for FT-IR spectrometers in North America
• Rise in popularity of the FT-IR technique owing to its ability to analyze product formulations, evaluate drugs, and biological samples in research laboratories is a major factor projected to boost the growth of the FT-IR spectroscopy market in North America
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Key Players Operating in Global FT-IR Spectroscopy Market
Major players operating in the global FT-IR spectroscopy market are:
• Thermo Scientific Corporation
• Bruker Corporation
• PerkinElmer
• Shimadzu
• Jasco
• Agilent Technologies
• Torontech Group International
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