Spectroscopy IR Detector Market worth 224.5 Million USD by 2022
The spectroscopy IR detector market is estimated to be worth USD 224.5 Million by 2022, growing at a CAGR of 6.9% during the forecast period. The market size, in terms of volume, is expected to grow at a CAGR of 7.7% during the forecast period. The major drivers for the growth of the IR detector market include the increasing shipment of IR spectroscopy devices and the industry practice of upgrading old IR spectroscopy devices with new IR detector modules. Along with this, IR spectroscopy is used in the biological sector to identify various diseases. For instance, the Polish Academy of Sciences NaAAcZ Institute of Biocybernetics & Biomedical Engineering, (Warsaw, Poland) has developed an NIR spectroscopy instrument to monitor brain injuries. Such developments in techniques would drive the growth of the NIR detector market in the coming years.
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