Near Infrared Spectroscopy Market Share & Trend Analysis Report By Packaging Type, By Material, By Application, By Region And Segment Forecasts, 2021 – 2028

The latest Near Infrared Spectroscopy market research report is a compilation of the latest growth trends and the emerging market segments. The report adeptly draws reader’s attention to the ever-changing patterns of the Near Infrared Spectroscopy industry and its prominent facets, infrastructural properties, and highly dynamic environment. The report lists down some critically important parameters that help the market bolster its global foothold and contribute substantially to future revenue generation. Our team of experts has included specific details related to the Near Infrared Spectroscopy industry, such as product offerings, sales and revenue estimates, leading regions, key market contenders, and technological upgradation in the report.

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.

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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The report by Emergen Research, titled ‘Global Near Infrared Spectroscopy Market,’ studies a wide spectrum of factors impacting the performance of the Near Infrared Spectroscopy market. The report includes a historical analysis of the market from 2017 to 2018 to provide the reader with a deep understanding of the current market scenario. Moreover, it offers accurate market estimations for the forecast period (2019-2028).

The report is the latest document encompassing the profound changes in the market dynamics and trends that followed the COVID-19 outbreak. The global health crisis has led to massive changes in the global economic scenario and, particularly, this business sphere. The pandemic has drastically affected the Near Infrared Spectroscopy market with disruptions to supply chains and volatility in prices and demands. The remarkable impact of the pandemic on the Near Infrared Spectroscopy industry and its crucial segments has been depicted in the report. However, the market is expected to regain momentum in the post-COVID scenario, as per market experts.

Competitive Landscape:

The research offers an in-depth survey about the performance of each key player in the Near Infrared Spectroscopy market. It provides information about their current advancements and key market strategies. The Near Infrared Spectroscopy report also aims to provide additional information about suppliers, buyers, and manufacturers. The study offers a comprehensive analysis of market share, consumption, growth rate, and product type, and application growth. It further offers comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. The company profiles of the established and new players have also been assessed in the Near Infrared Spectroscopy report through effective analytical tools like SWOT analysis.

Top key Companies in Near Infrared Spectroscopy Market are:

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.

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Segmentation Landscape:

The report further segments the Near Infrared Spectroscopy market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the projected period. The study focuses on the growth rate of every segment and is explained through detailed graphs, figures, charts, and tables. These segments are analysed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Near Infrared Spectroscopy industry in key regions.

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

Some Key Highlights From the Report

• In March 2020, trinamiX GmbH, which is a subsidiary of BASF SE, launched mobile Near Infrared (NIR) spectroscopy solution. The company makes spectroscopy affordable and accessible beyond laboratory and factory applications. trinamiX is providing all the features, such as precise data and material analytics, mobile and robust hardware, and excellent chemical and molecular expertise in a single handheld device.
• 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.
• Fourier Transform InfraRed (FT-IR) spectrometer is an instrument which acquires broadband near infrared spectra. FT-IR is used in various applications due to its improved sensitivity and speed. Fourier Transform InfraRed spectroscopy is used in chemistry, biology research fields, geology, and materials.
• Near infrared spectroscopy is used in medicine to provide information about oxygen saturation of hemoglobin within microcirculation. It can be used to assess microvascular and oxygenation function in brain or in peripheral tissues. Near infrared spectroscopy is also used in pediatric critical care to manage patients after cardiac surgery. The technology is more likely to be suggested for patients due to its non-invasive, painless process, and it helps critical care physicians with an estimate of cardiac output.
• Near infrared spectroscopy market in North America accounted for largest market share in the global market in 2020, which can be attributed to rapid adoption of advanced technologies, increasing investment in innovative spectroscopy modalities, and high healthcare expenditure in countries in the region. In addition, rising prevalence of chronic diseases and presence of leading providers of near infrared spectroscopy systems in countries in the region are other factors driving market growth.

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Regional Landscape:

The report gives a comprehensive analysis of the Near Infrared Spectroscopy market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the Near Infrared Spectroscopy market throughout the forecast period.

The complete regional analysis covers:

• North America (U.S., Canada, Mexico)
• 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)

The Global Near Infrared Spectroscopy Market is formulated through extensive primary and secondary research, which is further validated and verified by industry experts and professionals. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. Moreover, the report also offers a feasibility study and investment return analysis to assist the readers in making strategic investment plans.

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Key takeaways of the Global Near Infrared Spectroscopy Market report:

• The report sheds light on the fundamental Near Infrared Spectroscopy market drivers, restraints, opportunities, threats, and challenges.
• It elaborates on the new, promising arenas in the leading Near Infrared Spectroscopy market regions.
• It examines the latest research & development projects and technological innovations taking place in the key regional segments.
• The research report reviews the regulatory framework for creating new opportunities in various regions of the Near Infrared Spectroscopy market
• It focuses on the new revenue streams for the players in the emerging Near Infrared Spectroscopy markets.
• Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.

Overview of the TOC of the Report:

• Introduction, Scope, and Overview
• Opportunities, Risks, and Drivers
• Competition landscape analysis with sales, revenue, and price
• Extensive Profiling of the Near Infrared Spectroscopy key competitors with the sales figures, revenue, and market share
• Regional analysis with sales, revenue, and market share for each region for the forecast period
• Country-wise analysis of the Near Infrared Spectroscopy market by type, application, and manufacturers
• Near Infrared Spectroscopy Market Segmentation based on types
• Near Infrared Spectroscopy Market segmentation based on applications
• Historical and forecast estimation

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