GLOBAL IR SPECTROSCOPY MARKET Size and trends

Global Ir Spectroscopy Market Size and Trends

The Global IR Spectroscopy Market is estimated to be valued at USD 1.40 Bn in 2025 and is expected to reach USD 2.29 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2025 to 2032. The market is expected to witness significant growth over the forecast period owing to rising applications of IR spectroscopy techniques across various industries such as healthcare, semiconductors, oil and gas, and chemicals, among others.

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The global IR spectroscopy market trend shows growing demand for infrared spectroscopy instruments across various end-use industries. Technological advancements in IR spectroscopy instruments along with the miniaturization of spectrometers and integration of software tools are driving the overall market growth. Adoption of portable devices and incorporation of microfluidics are opening new growth avenues for players operating in this market.

The growing demand from pharmaceutical and biotechnology companies

The demand for IR spectroscopy from the pharmaceutical and biotechnology sector has been rising significantly over the past decade. The need for improved analytical capabilities during drug discovery and development processes has fueled the adoption of IR spectroscopy techniques. Pharmaceutical companies are under constant pressure to develop new drugs and bring them to market at a rapid pace to gain an edge over competitors. IR spectroscopy helps streamline various processes involved such as identifying functional groups in chemical structures, detecting polymorphic forms of drug compounds, characterizing complex biomolecules, and ensuring consistent quality of active ingredients and final drug products. Its non-destructive nature makes it very suitable for analysis of sensitive biological samples. Furthermore, strict quality control regulations imposed by authorities have prompted pharmaceutical manufacturers to heavily rely on spectroscopic methods for raw material testing and finished product quality assurance. IR spectroscopy allows for quick, reproducible and reliable analysis of chemical and phase purity of materials without destroying the sample structure. This has been a key factor contributing to its increased uptake. Going forward, as R&D expenses rise and competition intensifies in the pharmaceutical industry, the need for high-precision analytical tools like IR spectroscopy will only magnify.