The global Near infrared Spectroscopy Marketstudy analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product (Dispersive Infrared Spectroscopy, Fourier Transform-based (FT-NIR) Spectrometers), By Type (Benchtop, Portable), By Application (Medical Applications, Astronomical Spectroscopy, Remote Monitoring, Agriculture, Particle Measurement, Material Science, Industrial use).
The Near Infrared Spectroscopy market experiences significant growth in 2024, driven by the expanding applications of near infrared (NIR) spectroscopy in pharmaceutical analysis, food and agriculture, environmental monitoring, and medical diagnostics, offering rapid, non-destructive, and versatile analytical solutions for qualitative and quantitative analysis of complex substances and materials. Near infrared spectroscopy relies on the absorption, reflection, and scattering of near infrared light by molecular bonds to generate spectral fingerprints that characterize the chemical composition, structure, and properties of samples, enabling real-time monitoring, process control, and quality assurance in diverse industries and scientific disciplines. Market dynamics are influenced by factors such as the increasing demand for process analytical technologies (PAT), the adoption of portable and handheld NIR spectrometers, and the integration of artificial intelligence (AI) and chemometric algorithms for data analysis and interpretation. Collaboration between spectroscopy instrument manufacturers, research laboratories, and end-user industries drives innovation in the Near Infrared Spectroscopy market, leading to the development of advanced spectroscopic instruments, customized analytical solutions, and integrated software platforms that address the evolving needs of scientific research, industrial manufacturing, and healthcare diagnostics.
A prominent trend in the Near Infrared Spectroscopy Market is the integration of near infrared spectroscopy (NIRS) in pharmaceutical manufacturing processes. NIRS offers rapid and non-destructive analysis of various pharmaceutical samples, including raw materials, intermediates, and final products. Its capability to provide real-time data on chemical composition, purity, and consistency is driving its adoption in quality control, process monitoring, and formulation development within the pharmaceutical industry, thus shaping the market landscape.
A significant driver propelling the Near Infrared Spectroscopy Market is the increasing demand for process analytical technologies (PAT) and quality-by-design (QbD) initiatives across industries such as pharmaceuticals, food and beverages, and agriculture. Regulatory agencies emphasize the implementation of PAT and QbD principles to enhance manufacturing efficiency, ensure product quality, and minimize production variability. NIRS, with its ability to provide real-time, in-line monitoring of critical process parameters, aligns well with PAT and QbD objectives, driving its adoption and market growth.
An enticing opportunity within the Near Infrared Spectroscopy Market lies in its expansion into healthcare and medical diagnostics. Near infrared spectroscopy has shown promise in various medical applications, including tissue analysis, disease diagnosis, and monitoring physiological parameters. Its non-invasive nature, rapid analysis, and potential for point-of-care testing make it attractive for use in clinical settings. By leveraging NIRS technology to develop innovative medical devices and diagnostic tools, companies can tap into the growing demand for non-invasive medical diagnostics, thereby unlocking new opportunities for market expansion.
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
ABB
Brainbox Ltd
Bruker
Galaxy-Scientific
KPM Analytics
Malvern Panalytical Ltd
Metrohm AG
Oxford Instruments
PerkinElmer Inc
Thermo Fisher Scientific Inc
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TABLE OF CONTENTS
1 Introduction to 2024 Near infrared Spectroscopy Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Near infrared Spectroscopy Market Size Outlook, $ Million, 2021 to 2030
3.2 Near infrared Spectroscopy Market Outlook by Type, $ Million, 2021 to 2030
3.3 Near infrared Spectroscopy Market Outlook by Product, $ Million, 2021 to 2030
3.4 Near infrared Spectroscopy Market Outlook by Application, $ Million, 2021 to 2030
3.5 Near infrared Spectroscopy Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Near infrared Spectroscopy Industry
4.2 Key Market Trends in Near infrared Spectroscopy Industry
4.3 Potential Opportunities in Near infrared Spectroscopy Industry
4.4 Key Challenges in Near infrared Spectroscopy Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Near infrared Spectroscopy Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Near infrared Spectroscopy Market Outlook by Segments
7.1 Near infrared Spectroscopy Market Outlook by Segments, $ Million, 2021- 2030
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
8 North America Near infrared Spectroscopy Market Analysis and Outlook To 2030
8.1 Introduction to North America Near infrared Spectroscopy Markets in 2024
8.2 North America Near infrared Spectroscopy Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Near infrared Spectroscopy Market size Outlook by Segments, 2021-2030
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
9 Europe Near infrared Spectroscopy Market Analysis and Outlook To 2030
9.1 Introduction to Europe Near infrared Spectroscopy Markets in 2024
9.2 Europe Near infrared Spectroscopy Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Near infrared Spectroscopy Market Size Outlook by Segments, 2021-2030
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
10 Asia Pacific Near infrared Spectroscopy Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Near infrared Spectroscopy Markets in 2024
10.2 Asia Pacific Near infrared Spectroscopy Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Near infrared Spectroscopy Market size Outlook by Segments, 2021-2030
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
11 South America Near infrared Spectroscopy Market Analysis and Outlook To 2030
11.1 Introduction to South America Near infrared Spectroscopy Markets in 2024
11.2 South America Near infrared Spectroscopy Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Near infrared Spectroscopy Market size Outlook by Segments, 2021-2030
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
12 Middle East and Africa Near infrared Spectroscopy Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Near infrared Spectroscopy Markets in 2024
12.2 Middle East and Africa Near infrared Spectroscopy Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Near infrared Spectroscopy Market size Outlook by Segments, 2021-2030
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
ABB
Brainbox Ltd
Bruker
Galaxy-Scientific
KPM Analytics
Malvern Panalytical Ltd
Metrohm AG
Oxford Instruments
PerkinElmer Inc
Thermo Fisher Scientific Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Dispersive Infrared Spectroscopy
Fourier Transform-based (FT-NIR) Spectrometers
By Type
Benchtop
Portable
By Application
Medical Applications
Astronomical Spectroscopy
Remote Monitoring
Agriculture
Particle Measurement
Material Science
Industrial use
The global Near infrared Spectroscopy Market is one of the lucrative growth markets, poised to register a 6.7% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
ABB, Brainbox Ltd, Bruker, Galaxy-Scientific, KPM Analytics, Malvern Panalytical Ltd, Metrohm AG, Oxford Instruments, PerkinElmer Inc, Thermo Fisher Scientific Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume