Near-infrared Spectroscopy Market Size Worth $1,132.85 Million by 2030 | CAGR: 6.1 %

The global near-infrared spectroscopy market size is expected to reach USD 1,132.85 million by 2030, according to a new study by Polaris Market Research. The report “Near-infrared Spectroscopy Market Share, Size, Trends, Industry Analysis Report, By Product (Dispersive Infrared Spectroscopy, Fourier Transform Based (FT-NIR) Spectrometers); By Type; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The demand for quality control in many industries is one of the factors driving the growth of the near-infrared (NIR) spectrometer market. The food industry, pharmaceutical industry, and polymer markets have all been affected by the potential of NIR technology to give a precise analysis of product attributes at faster rates with reduced time consumption.

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This aids the company in achieving international standards while delivering high-quality products on time. Moreover, throughout the duration of the forthcoming years, this market is expected to be influenced by improved economic conditions and increased disposable income.

The COVID-19 outbreak had a positive impact on pharmaceutical sector. The growth rate, however, is expected to be adversely affected by changes in the chemical, food and beverage, electronics, and semiconductor industries. NIR spectrometry, which is used to determine the efficacy of COVID-19 vaccines, has seen an increase in demand as a result of the COVID-19 pandemic. The researchers indicated that it was a rapid and effective way to authenticate COVID-19 vaccinations in the study after showing that NIR spectrometry could be utilized to evaluate the COVID-19 vaccine.

Near-infrared Spectroscopy Market Report Highlights

• In 2021, the market segment for FT-NIR spectrometers dominated the market. The sector is predicted to maintain its dominance over the forecast period as FT-NIR can efficiently replace the time-consuming wet chemical procedures and chromatographic techniques.
• In 2021, the benchtop type segment dominated the industry and held the most share. One of the factors, such as its high accuracy and capacity to identify various substances inside a pharmaceutical sector.
• In 2021, the particle measurement segment led the industry worldwide and then was responsible for the largest portion of revenue. Studying particles in many disciplines, such as the production of Pharmaceutical drugs, is covered in this segment.
• Europe dominated the global market in 2021 as a result of the establishment of several pharmaceutical companies and increased regulation for quality-check as part of GMP compliance.
• Some of the major players operating in the global market include ABB, Brainbox Ltd; Galaxy-Scientific, KPM Analytics, Malvern Panalytical Ltd, Metrohm AG, Oxford Instruments, PerkinElmer Inc., Thermo Fisher Scientific Inc.

Polaris Market Research has segmented the Near-infrared Spectroscopy Market report based on, Product, type, application, and region:

Near-infrared Spectroscopy, Product Outlook (Revenue - USD Million, 2018 - 2030)

• Dispersive Infrared Spectroscopy
• Fourier Transform-Based (FT-NIR) Spectrometers

Near-infrared Spectroscopy, Type Outlook (Revenue - USD Million, 2018 - 2030)

• Benchtop
• Portable

Near-infrared Spectroscopy, Application Outlook (Revenue - USD Million, 2018 - 2030)

• Medical Applications
• Astronomical Spectroscopy
• Remote Monitoring
• Agriculture
• Particle Measurement
• Material Science
• Industrial Use

Near-infrared Spectroscopy, Regional Outlook (Revenue - USD Million, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa