Global Near Infrared Spectroscopy Market Size to Reach USD 556.26 Million in 2032 | Emergen Research

Near infrared spectroscopy is used extensively in fields such as food, pharmaceiticals, chemicals, and agriculture which is driving market revenue growth


Vancouver, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global Near Infrared (NIR) spectroscopy market size is expected to reach USD 556.26 Million at a steady CAGR of 6.2% in 2032, according to latest analysis by Emergen Research. Increase in need for various medical treatments due to rising prevalence of chronic diseases is propelling near infrared spectroscopy market revenue growth.

Near infrared spectroscopy has emerged as an important technique for analysis of raw materials and quality control testing in the pharmaceutical industry. Near infrared spectroscopy technique is being adopted in genetics and genomics analysis, biotechnology, insect detection, proteomic research, crime detection, and forensic lab application, which is driving growth of the market.  Upsurge in deployment of advanced healthcare treatments in hospitals in developing countries will further propel growth of the near infrared spectroscopy market. However, low lifecycle and high cost of near infrared spectroscopy devices is hampering growth of the market. 

Click Here to Download the Free Sample Report @ https://www.emergenresearch.com/request-sample/664

Near infrared spectroscopy also finds application in medical industry in assays of skin for noninvasive diabetes screening and glucose quantification. NIR spectroscopy is used as a screening tool for possible intercranial bleeding and non-invasive assessment of brain functionality through the intact human skull. Surge in demand for quality purpose and specific tests is impacting growth of the near infrared spectroscopy market. Near infrared spectroscopy witnesses high demand in the medical sector due to continuous real-time data that can be obtained from NIR spectroscopy devices. Identification accuracy for pure compound by near infrared spectroscopy also makes it perfect for qualitative research. Development in molecular and atomic physics will further propel growth of the market going ahead.

Scope of Research

Report DetailsOutcome
Market size in 2020USD 270 Million
CAGR (2023–2032)6.2%
Revenue forecast in 2032USD 556.26 Million
Base year for estimation2020
Historical data2018–2019
Forecast period2023–2032
Quantitative unitsRevenue in USD Million and CAGR in % from 2023 to 2032.
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends.
Segments coveredModality, technology, application, and region.
Regional scopeNorth America; Europe; Asia Pacific; Latin America; Middle East & Africa.
Country scopeU.S., Canada, Mexico, Germany, U.K., France, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, Israel, Rest of MEA.
Key companies profiledAgilent Technologies, PerkinElmer, Thermo Fisher Scientific Inc., Bruker Corp., Hitachi Ltd., Shimadzu Corporation, Carl Zeiss AG, JASCO International Co., Ltd., Horiba Ltd., and Lumex Instruments.
Customization scope10 hours of free customization and expert consultation.

Click to Purchase this Report at an Exclusively Discounted Rate @ https://www.emergenresearch.com/request-discount/664

MAJOR COMPANIES and Competitive Landscape

The global near infrared spectroscopy market is consolidated, with few small- and medium-sized players accounting for majority revenue share. Established companies are engaged in various research and development activities and initiatives to develop and deploy new and more efficient technologies and solutions in the near infrared spectroscopy market. Some prominent players operating in the market are:

  • Agilent Technologies
  • PerkinElmer
  • Thermo Fisher Scientific Inc.
  • Bruker Corp.
  • Hitachi Ltd.
  • Shimadzu Corporation
  • Carl Zeiss AG
  • JASCO International Co., Ltd.
  • Horiba Ltd.
  • Lumex Instruments

Strategic Development

In March 2021, KPM Analytics partnered with AB Vista, which is the feed additives division of AB Agri Limited, in a multi-year license agreement. The agreement solidifies the customization, calibration, development, and support activities between the companies. KPM Analytics will offer new calibration options and support programs for its Unity SpectraStar NIR Analysers.

In March 2020, TrinamiX GmbH, which is a subsidiary of BASF SE, launched mobile near infrared (NIR) spectroscopy solution. The company makes spectroscopy affordable and accessible beyond laboratory and factory applications. trinamiX is providing all the features, such as precise data and material analytics, mobile, and robust hardware, and excellent chemical and molecular expertise in a single handheld device.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/664

Some Key Highlights From the Report

  • In March 2021, KPM Analytics partnered with AB Vista, which is the feed additives division of AB Agri Limited, in a multi-year license agreement. The agreement solidifies the customization, calibration, development, and support activities between the companies. KPM Analytics will offer new calibration options and support programs for its Unity SpectraStar NIR Analysers.
  • Hand-held near infrared spectroscopy is used to authenticate pharmaceutical formulations. One of the most common counterfeit drugs is marketed for the treatment of erectile dysfunction and is sold over the counter as well as online. Distinction between fake and genuine tablets can be done by handheld NIR spectrometer, and increasing awareness regarding using these devices to avoid selling or buying fake drugs is driving growth of portable segment.
  • FT-IR finds application in various industries and is used for analysis of both inorganic and organic compounds. This technology can confirm the composition of solids, liquids, and gases. It is also used to give complex information when coupled with devices such as rheometry and TGA. 
  • Near infrared spectroscopy is used in astronomy for studying the atmospheres of cool stars where molecules can be formed. It is also used for studying molecules in astronomical context such as molecular cloud where new stars are formed. Regions inaccessible by optical spectroscopy can be studied using the help of near infrared spectroscopy as they are less affected by dust in the interstellar medium.
  • Near infrared spectroscopy market in Asia Pacific is expected to register the fastest revenue CAGR during the forecast period, attributed to rising prevalence of cardiovascular diseases and cancers, and growing concerns regarding food contamination in countries in the region. In addition, rising disposable income and increasing healthcare expenditure are causative of rapid revenue growth of the market in the region.

Check Global Near Infrared Spectroscopy Market Research Report in Detail @ https://www.emergenresearch.com/industry-report/near-infrared-spectroscopy-market

Emergen Research has segmented the global near infrared spectroscopy market on the basis of modality, technology, application, and region:

  • Modality Outlook (Revenue, USD Million; 2019–2032)
    • Benchtop
    • Portable
  • Technology Outlook (Revenue, USD Million; 2019–2032)
    • Dispersive Infrared Spectroscopy
    • Fourier Transform Infrared (FT-IR) Spectroscopy
  • Application Outlook (Revenue, USD Million; 2019–2032)
    • Medical uses
    • Astronomical Spectroscopy
    • Remote Monitoring
    • Agriculture
    • Particle Measurement
    • Material Science
    • Industrial uses
    • Others
  • Regional Outlook (Revenue, USD Million; 2019–2032)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest Of MEA

Curated Reports You Shouldn't Miss: Dive In Now!

In-Vitro Diagnostics Market Size, Share, Trends, By Product (Reagents & Kits, Instruments, Data Management Software, Services), By Devices (Reusable IVD Devices, Disposable IVD Devices), By Application, By Technique, By End-use, and By Region Forecast to 2028

Recurrent Atrial Fibrillation Market Analysis, By Product (Devices, Drugs), By Application (EP Ablation, Diagnostic, Surgical), By End-Use (Ambulatory Surgical Centers, Cardiac Centers, Hospitals), Forecasts to 2027

Active Psoriatic Arthritis Market Analysis, By Product (Prescriptions & OTC), By Drug Class (Biologics, Non-Steroidal Anti-Inflammatory Drugs, Non-Biologic Disease Modifying Anti-Rheumatic Drugs, Other), By Route of Administration (Injectable, Oral, Topical), Forecasts to 2027

Diabetic Ketoacidosis Market Analysis, By Treatment Type (Fluid Replacement, Electrolyte Replacement, Insulin Therapy, Intermediate-Acting Insulin, Long-Acting Insulin), By End Use (Hospitals, Ambulatory Care Center, Specialty Clinics) Forecasts To 2027

Chronic Rhinosinusitis Market Analysis, By Product (Steroids, Nasal Irrigation, Surgical Based, Antibiotics, Macrolide Therapy, Antifungal Therapy), By Disease (Anatomical Differences, Nasal Tumors, Mucosal Edema, Non-Allergic Rhinitis, Immune Deficiency, Other) By Distribution Channel, Forecasts To 2027

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Near Infrared Spectroscopy (NIRS) Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-near-infrared-spectroscopy-market



Coordonnées