Near Infrared Spectroscopy Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2027

Increasing need for medical treatment due to rise in prevalence of various chronic diseases is propelling near infrared spectroscopy market revenue growth

 The global Near Infrared (NIR) spectroscopy market size is expected to reach USD 437.3 Million at a steady CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. Near infrared spectroscopy market revenue growth is driven by steady rise in demand for specific tests and improved quality results. The technology offers various advantages and is used extensively in fields such as food, pharmacy, chemicals, and agriculture which is driving market revenue growth to a significant extent currently.

The latest market intelligence report, titled ‘Global Near Infrared Spectroscopy Market’, is intended to provide the target audience with the necessary information about the global Near Infrared Spectroscopy industry.

Near infrared spectroscopy helps in identifying healthy and infected seeds. It can also classify the degree to which seeds are infected. Near infrared spectroscopy is an accurate and non-destructive detection method with potential for quality control of seeds and safety assessment, which drives its demand in agricultural industry. However, high cost of near infrared spectroscopy devices and lack of awareness are some factors hindering market growth.

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Key players in the market include Agilent Technologies, PerkinElmer, Thermo Fisher Scientific Inc., Bruker Corp., Hitachi Ltd., Shimadzu Corporation, Carl Zeiss AG, JASCO International Co., Ltd., Horiba Ltd., and Lumex Instruments.

Portable near infrared spectroscopy is powerful instrument which provides advantages for online, non-destructive or in situ analysis. These devices are cost-effective, small-sized, simpler, and robust with ergonomic design. The portable segment revenue is expected to register a rapid growth rate during the forecast period.

The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Near Infrared Spectroscopy market players.

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The research study presents an industry-wide summary of the Near Infrared Spectroscopy market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Near Infrared Spectroscopy7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.

Segmental Analysis:

The Near Infrared Spectroscopy market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.

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

  • Modality Outlook (Revenue, USD Million; 2018–2028)
    • Benchtop
    • Portable
  • Technology Outlook (Revenue, USD Million; 2018–2028)
    • Dispersive Infrared Spectroscopy
    • Fourier Transform Infrared (FT-IR) Spectroscopy
  • Application Outlook (Revenue, USD Million; 2018–2028)
    • Medical uses
    • Astronomical Spectroscopy
    • Remote Monitoring
    • Agriculture
    • Particle Measurement
    • Material Science
    • Industrial uses
    • Others

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Regional Analysis:

The Near Infrared Spectroscopy industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Answered in the Report:

  • What is the growth rate of the Near Infrared Spectroscopy market? What is the anticipated market valuation of the Near Infrared Spectroscopy industry by 2027?
  • What are the key growth driving and restraining factors of the Near Infrared Spectroscopy market?
  • Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
  • What are the key opportunities and growth prospects of the Near Infrared Spectroscopy industry over the forecast period?
  • Which region is expected to show significant growth in the coming years?

Take a look “Table of Content Near Infrared Spectroscopy market”:

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2028

Chapter 3. Key Insights

Chapter 4. Near Infrared Spectroscopy Market Segmentation & Impact Analysis

    4.1. Near Infrared Spectroscopy Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Advantages of NIR imaging over conventional visualization Methods

           Increase in R&D investments in healthcare & pharmaceuticals industry

          4.2.3. Market restraints analysis

           Technical limitations

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Near Infrared Spectroscopy Market By Modality Insights & Trends, Revenue (USD Million)

    5.1. Modality Dynamics & Market Share, 2021 & 2028

          5.1.1. Benchtop

          5.1.2. Portable

Chapter 6. Near Infrared Spectroscopy Market By Technology Insights & Trends Revenue (USD Million)

    6.1. Technology Dynamics & Market Share, 2021 & 2028

          6.1.1. Dispersive Infrared Spectroscopy

          6.1.2. Fourier Transform Infrared (FTIR) Spectroscopy

Chapter 7. Near Infrared Spectroscopy Market By Application Insights & Trends, Revenue (USD Million)

    7.1. Application Dynamics & Market Share, 2021 & 2028

          7.1.1. Medical uses

          7.1.2. Astronomical Spectroscopy

          7.1.3. Remote Monitoring

          7.1.4. Agriculture

          7.1.5. Particle Measurement

          7.1.6. Material Science

          7.1.7. Industrial uses

          7.1.8. Others


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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.