Global IR Spectroscopy Market to Worth Over US$ 3,083.0 Million By 2032 | Astute Analytica [Yahoo! Finance]
Agilent Technologies, Inc. (A)
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Source: Yahoo! Finance
New Delhi, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The global IR spectroscopy market is projected to reach valuation of US$ 3,083.0 million by 2032 from US$ 2,056.8 million in 2023 at a CAGR of 4.6% over the forecast period 2024–2032. The IR spectroscopy market is on a promising trajectory, bolstered by its essential role in real-time monitoring within pharmaceutical and chemical industries. By 2023, the pharmaceutical industry had allocated $92 billion to research and development, emphasizing the critical need for precise analytical techniques like IR spectroscopy. In tandem, the chemical industry's expenditure on technological upgrades reached $300 billion, underscoring a commitment to integrating advanced monitoring solutions. With over 4,000 regulatory inspections conducted in pharmaceutical facilities worldwide, the reliance on reliable analytical methods for ensuring compliance and quality control has never been more pronounced. Additionally, IR spectroscopy's application in food s
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