Near-Infrared Spectroscopy Market
Report ID: SQMIG35A2570
Report ID: SQMIG35A2570
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Report ID:
SQMIG35A2570 |
Region:
Global |
Published Date: February, 2025
Pages:
157
|Tables:
92
|Figures:
76
Near-Infrared Spectroscopy Market size was valued at USD 562.78 Million in 2024 and is poised to grow from USD 595.42 Million in 2025 to USD 934.78 Million by 2033, growing at a CAGR of 5.8% during the forecast period (2026–2033).
In recent years, the global near-infrared spectroscopy market has been witnessing significant growth due to its versatile applications in various industries such as pharmaceuticals, agriculture, food and beverages, and healthcare. NIRS technology enables non-destructive analysis of chemical and physical properties, offering real-time insights into complex substances. The pharmaceutical sector utilizes NIRS for quality control and process monitoring, while agriculture benefits from soil analysis and crop monitoring.
Additionally, In healthcare, NIRS is employed for diagnostics and monitoring oxygen levels in tissues. The market's growth is fueled by technological advancements, increasing research and development activities, and the growing demand for quality control in diverse industries. The adoption of NIRS in emerging economies further contributes to the market expansion.
Market snapshot - 2026–2033
Global Market Size
USD 531.93 million
Largest Segment
Portable Near-Infrared Spectroscopy Devices
Fastest Growth
Benchtop Near-Infrared Spectroscopy Devices
Growth Rate
5.8% CAGR
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Global Near-Infrared Spectroscopy Market is segmented by Type, Product Type, Application, End User, Sales Channel and region. Based on Type, the market is segmented into Benchtop and Portable. Based on Product Type, the market is segmented into Benchtop NIR Spectrometers / Systems, Portable NIR Spectrometers / Analyzers, Process / On-line NIR Analyzers, Dispersive Infrared Spectroscopy, Fourier Transform NIR (FT-NIR) Spectrometers and Others. Based on Application, the market is segmented into Pharmaceuticals & Biotechnology, Food & Beverage Quality Control, Agriculture & Animal Feed, Chemical & Petrochemical and Others. Based on End User, the market is segmented into Research & Academic Institutes, Contract/Analytical Laboratories, Pharmaceutical & Biotechnology Companies, Food & Beverage Industry, Agriculture / Agricultural Producers, Chemical Industry, Hospitals & Clinics, Government / Regulatory Agencies and Others. Based on Sales Channel, the market is segmented into Direct Sales and Indirect Sales. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Portable near-infrared spectroscopy devices have typically held a substantial market share due to the demand for portability. Moreover, the real-time analysis in industries like agriculture, food, and pharmaceuticals has been increasing. Portable NIRS devices offer flexibility, enabling on-field or on-site measurements, and contributing to their potential dominance.
Due to their use of agility and versatility, benchtop near-infrared spectroscopy devices have gained popularity. These portable devices cater to the rising need for point-of-care diagnostics, in-field analysis, and on-site monitoring across various sectors, potentially driving rapid growth.
Pharmaceutical and life sciences have long dominated the global Near-Infrared Spectroscopy market due to the technology's widespread use in drug development, quality control, and process monitoring.
The agriculture sector is the fastest-growing segment right now due to the increasing adoption of NIRS for soil analysis, crop monitoring, and quality control. The technology's ability to provide real-time data aligns with the evolving needs of precision agriculture.
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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.
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Increasing Technology's Versatility and Real-time Analysis Capabilities
High Initial Cost and Standardization of NIRS Methods
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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.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global near-infrared spectroscopy market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by versatile applications across pharmaceuticals, agriculture, and healthcare, driven by non-destructive and real-time analytical capabilities. However, high initial costs and standardization challenges act as restraints.
Product-wise, portable NIRS devices see increasing demand for on-site diagnostics. Regionally, North America dominates due to advanced healthcare infrastructure, while Asia-Pacific experiences rapid growth. Key trends include technological integration with AI, a shift towards portable devices, and the miniaturization of NIRS tools, reflecting a dynamic landscape influenced by innovation and expanding applications.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 562.78 Million |
| Market size value in 2033 | USD 934.78 Million |
| Growth Rate | 5.8% |
| Base year | 2024 |
| Forecast period | 2026–2033 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Near-Infrared Spectroscopy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Near-Infrared Spectroscopy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Near-Infrared Spectroscopy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Near-Infrared Spectroscopy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Near-Infrared Spectroscopy Market size was valued at USD 562.78 Million in 2024 and is poised to grow from USD 595.42 Million in 2025 to USD 934.78 Million by 2033, growing at a CAGR of 5.8% during the forecast period (2026–2033).
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. 'Thermo Fisher Scientific Inc. (USA)', 'PerkinElmer Inc. (USA) ', 'Bruker Corporation (USA) ', 'Agilent Technologies Inc. (USA) ', 'Shimadzu Corporation (Japan) ', 'FOSS A/S (Denmark) ', 'Buchi Labortechnik AG (Switzerland) ', 'ABB Ltd. (Switzerland) ', 'Metrohm AG (Switzerland) ', 'Malvern Panalytical Ltd (UK) ', 'Oxford Instruments plc (UK) ', 'JASCO International Co., Ltd. (Japan) ', 'HORIBA, Ltd. (Japan) ', 'Hitachi High-Tech Corporation (Japan) ', 'Carl Zeiss AG (Germany) ', 'Anton Paar GmbH (Austria) ', 'Hamamatsu Photonics K.K. (Japan) ', 'Galaxy Scientific Inc. (USA) ', 'Yokogawa Electric Corporation (Japan)'
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.
Rising Integration of NIRS with Advanced Technologies, such as Artificial Intelligence: 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.
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.
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