Global Near-Infrared Spectroscopy Market

Near-Infrared Spectroscopy Market Size, Share, Growth Analysis, By Product(Benchtop Near-Infrared Spectroscopy Devices, Portable Near-Infrared Spectroscopy Devices, and others.), By Spectrometer(Dispersive, Fourier Transform, and Others), By Application(Pharmaceutical and Life Sciences, Food and Agriculture, Oil and Gas, Chemical and Material Science), By Region - Industry Forecast 2025-2032

Q: What is the global market size of Near-Infrared Spectroscopy Market?

Global Near-Infrared Spectroscopy Market size was valued at USD 502.77 Million in 2022 and is poised to grow from USD 531.93 Million in 2023 to USD 835.11 Million by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

Report ID: SQMIG35A2570 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 76

Near-Infrared Spectroscopy Market Regional Insights

North America has historically dominated the near-infrared spectroscopy market due to a substantial consumer base along with technological advances. The region's advanced healthcare infrastructure, substantial investment in research and development, and widespread adoption of technology contribute to its potential dominance.

The Asia-Pacific region, particularly countries like China and India, may experience rapid growth. Increasing industrialization, rising healthcare expenditures, and the adoption of technology in diverse sectors contribute to the potential for the fastest growth in this region.

Near-Infrared Spectroscopy Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Near-Infrared Spectroscopy Market size was valued at USD 502.77 Million in 2022 and is poised to grow from USD 531.93 Million in 2023 to USD 835.11 Million by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

The competitive environment of the Near-Infrared Spectroscopy market is dynamic and characterized by the presence of established industry players and the continual entry of new entrants, contributing to a dynamic and evolving marketplace. Intense competition fosters continuous innovation, with companies investing in research and development to enhance product capabilities and stay ahead in this technology-driven sector. Strategic collaborations, partnerships, and acquisitions are common strategies employed by major players to expand their market share and geographical presence. 'Agilent Technologies (USA)', 'PerkinElmer (USA)', 'Thermo Fisher Scientific (USA)', 'Bruker Corporation (Germany)', 'FOSS (Denmark)', 'Metrohm International (Switzerland)', 'Danaher Corporation (USA)', 'Malvern Panalytical (UK)', 'HORIBA (Japan)', 'Shimadzu Corporation (Japan)', 'Anton Paar (Austria)', 'JASCO International Co. (Japan)', 'ABB (Switzerland)', 'Analytik Jena AG (Germany)', 'Hamamatsu Photonics (Japan)', 'Ocean Optics (USA)', 'BioSpec Solutions (USA)', 'Technicon (USA)', 'Proceq SA (Switzerland)', 'ASD Inc. (USA)'

The technology's versatility across multiple industries, including pharmaceuticals, agriculture, food and beverages, and healthcare, establishes it as a valuable analytical tool. The non-destructive and real-time analysis capabilities of NIRS enable precise measurements of chemical and physical properties, enhancing quality control processes. In the pharmaceutical sector, NIRS aids in drug development and ensures manufacturing quality, while in agriculture, it facilitates soil analysis and crop monitoring.

The increasing integration of NIRS with advanced technologies, such as artificial intelligence and machine learning, enhances data analysis capabilities. This synergy allows for more accurate and insightful interpretation of spectral data, fostering improved outcomes across industries. Another significant trend is the rising demand for portable and handheld NIRS devices, driven by the need for on-site and point-of-care diagnostics in various sectors, including healthcare and agriculture.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Near-Infrared Spectroscopy Market Regional Insights

Near-Infrared Spectroscopy Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Near-Infrared Spectroscopy Market?

Who are the key vendors in the Near-Infrared Spectroscopy Market?

What is the key driver of Near-Infrared Spectroscopy Market?

What is the key market trend for Near-Infrared Spectroscopy Market?

Which region accounted for the largest share in Near-Infrared Spectroscopy Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300