BRUKER CORPORATION AND THERMO FISHER SCIENTIFIC IS DOMINATING THE MARKET FOR INFRARED (IR) SPECTROSCOPY IN NORTH AMERICA.
The North America IR Spectroscopy market is expected to reach USD 599.9 billion by 2024 from USD 308.5 billion in 2016, at a CAGR of 8.7% in the forecast period 2017 to 2024.
Infrared (IR) spectroscopy is a growing field that has witnessed a number of technological advancements in recent years. It involves the interaction of IR radiation with matter. Mostly it covers absorption spectroscopy technique which is used in study and identification of chemicals, quality control, forensic analysis (both in criminal and civil cases), dynamic measurement, monitoring application, determining blood alcohol content of suspected drunk drivers, used in analysis and identification of pigment in painting, used in measuring the degree of polymerization in polymer manufacture. It is also successfully utilized in the field of semiconductor microelectronics, gas leak detection devices (such as DP-IR, EyeCGAs) and food industry.
IR spectroscopy has been used since 1970s for the compositional analysis of low moisture food products. In the middle of 20th century IR Spectroscopy coupled to microscopy has been recognized as a non destructive, highly sensitive, label free and specific analytical method with many potential useful applications in different field of biomedical research and in cancer research and diagnosis. In February 2014, NASA announced a greatly upgraded database, which is based on IR spectroscopy for tracking polycyclic aromatic hydrocarbons (PAH) in the universe.
The North America IR spectroscopy market is segmented into 2 product types, namely IR spectroscopy instruments and IR spectroscopy accessories.
The North America IR spectroscopy instruments market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. In 2016, Bruker Corporation dominated the North America IR Spectroscopy Instruments Market, followed by Thermo Fisher Scientific, Inc. and The ABB Group. The other major players in the instruments market segment are Agilent Technologies, PerkinElmer, Inc. and Schimadzu Corporation.
Other players in North America IR spectroscopy instruments market include Teraview Ltd, Teledyne Technologies Inc, Horiba Ltd, Spectra Analysis Instruments Inc, Avantes, Carl Zeiss Spectroscopy GMBH, Galaxy Scientific, Gasera, IBSEN Photonics, EMD Millipore Corporation, Foss, Jasco Inc, and Princeton Instruments (PI) among others.
The North America IR Spectroscopy instruments market is highly fragmented and the major player Bruker Corporation have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some examples of recent strategies/developments by Bruker Corporation are: In March 2017, Bruker Corporation announced the launch of innovative high-performance systems and high-value analytical solutions at Pittcon 2017, with an emphasis on pharma and applied markets, as well as on nano-materials research and microscopy. In May 2016, Bruker Corporation announced the launch of the new MATRIX-MG Series for the fully automated, high precision and real-time monitoring of gas compounds based on infrared spectroscopy.
The North America IR spectroscopy accessories market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. In 2016, Thermo Fisher Scientific, Inc. dominated the North America IR spectroscopy accessories market followed by Pike Technologies and Agilent Technologies. Other major playersin the accessories segment are Specac Limited, Harrick Scientific Products Inc. and PerkinElmer, Inc..
Other players in North America IR spectroscopy accessories market include Teledyne Technologies, Inc., California Analytical Instruments, Schimadzu Corporation Jasco, Simplex, Scientific, and, Bruker Corporation, among others.
The North America IR Spectroscopy accessories market is highly fragmented and the major player Thermo Fisher Scientific, Inc have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some examples of recent strategies/developments by Thermo Fisher Scientific, Inc. are: In May 2016, Thermo Fisher Scientific, Inc. announced the launch of its new Nicolet iS5N FT-NIR spectrometer. This spectrometer has allowed the company to target small business owners, technicians, laboratory managers and method developers, as this product is designed to bring rapid and reliable analysis for quality control and material verification. In January 2016, Thermo Fisher Scientific, Inc. announced the acquisition of Affymetrix, Inc. for USD 1.3 billion. This will help Affimetrix to bolster their product sales through Therma Fisher’s vast geographical reach and will help Thermo Fisher to broaden their already large product portfolio. In March 2015, Thermo Fisher Scientific, Inc. announced the launch of its new Gemini Analyzer. This product combines the applications for Raman and FTIR spectroscopy.