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.
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:
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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:
Key Questions Answered in the Report:
Take a look “Table of Content Near Infrared Spectroscopy market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
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
18.104.22.168. Advantages of NIR imaging over conventional visualization Methods
22.214.171.124. Increase in R&D investments in healthcare & pharmaceuticals industry
4.2.3. Market restraints analysis
126.96.36.199. 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
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
7.1.5. Particle Measurement
7.1.6. Material Science
7.1.7. Industrial uses
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