NEW
YORK, July 30, 2024 /PRNewswire/ -- The
global near-infrared (NIR) spectroscopy market size is
estimated to grow by USD 698.9
million from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of over 13.59% during the
forecast period. Rising food safety concerns is driving market
growth, with a trend towards evolution of miniature nir
spectrometers. However, high cost of nirs devices poses a
challenge. Key market players include ABB Ltd., Agilent
Technologies Inc., Avantes BV, B and W Tek, Brimrose Corp. Of
America, Bruker Corp., BUCHI Labortechnik AG, Foss, Hamamatsu
Photonics KK, Lumex Instruments, Metrohm AG, Ocean Insight, Perkin
Elmer Inc., Polytec GmbH, Sartorius AG, Shimadzu Corp., Thermo
Fisher Scientific Inc., Viavi Solutions Inc., Zeltex LLC, and
ZEUTEC.
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Near-Infrared (NIR)
Spectroscopy Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
13.59%
|
Market growth
2024-2028
|
USD 698.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
11.69
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
42%
|
Key
countries
|
US, UK, Germany, China,
and Japan
|
Key companies
profiled
|
ABB Ltd., Agilent
Technologies Inc., Avantes BV, B and W Tek, Brimrose Corp. Of
America, Bruker Corp., BUCHI Labortechnik AG, Foss, Hamamatsu
Photonics KK, Lumex Instruments, Metrohm AG, Ocean Insight, Perkin
Elmer Inc., Polytec GmbH, Sartorius AG, Shimadzu Corp., Thermo
Fisher Scientific Inc., Viavi Solutions Inc., Zeltex LLC, and
ZEUTEC
|
Market Driver
The market for Near-Infrared (NIR) spectroscopy is expanding due
to the growing adoption of miniature NIR spectrometers. These
compact instruments, with condensed optical systems, image sensors,
and circuits, offer advantages such as portability and flexibility
for field use. They are increasingly used in industries like
chemical, food manufacturing, and pharmaceuticals for online and
at-line process monitoring and control. Handheld NIR spectrometers
enable rapid, non-destructive testing of raw materials in
warehouses, reducing the need for laboratory sampling and
quarantine. Vendors like VIAVI Solutions provide solutions such as
the MicroNIR spectrometer, which offers small form factors and long
instrument life due to the absence of moving parts. The
advancements in microelectromechanical systems are further driving
the growth of these devices for in-the-field and on-site
analysis.
The Near-Infrared (NIR) Spectroscopy Market is experiencing
significant growth due to its applications in various industries.
In biotechnology, NIRS technology is used for insect detection and
disease diagnosis in plants. In the criminal justice system, NIRS
is utilized for crime scene investigations and forensic lab
applications. The chemicals, cosmetics, pulp and paper,
petrochemicals, polymer manufacture, palm oil, pharmaceutical, and
healthcare industries all benefit from NIRS technology's ability to
analyze the chemical composition of materials in a non-destructive
and user-friendly manner. Emerging nations are increasingly
adopting NIRS due to its cost-effectiveness and miniaturization.
Advancements in NIRS include FT-NIR, dispersive near-infrared
spectroscopy, and benchtop instruments. International organizations
and NIR spectrometer manufacturers continue to invest in this
technology, leading to improvements in data processing
capabilities, artificial intelligence, and machine learning
techniques for increased accuracy and process optimization. NIRS is
also used in agriculture for crop monitoring, healthcare for tissue
oxygenation and brain activity analysis, and in metabolic
processes.
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Market Challenges
- Near-Infrared Spectroscopy (NIRS) market involves advanced
devices, such as fNIRS for brain-computer interfaces and NIR
spectrometers, which come with high costs due to sophisticated
components like polarization interferometers and gray filters.
FNIRS systems, priced between USD100,000 and USD400,000, use frequencies instead of continuous
waves for complex brain activity monitoring. NIR spectrometers,
priced between USD20,000 and
USD100,000, offer configurable
systems and advanced IR instrumentation. Portable NIRS instruments,
starting from USD1,000, include optic
accessories and sampling tools for testing and controlling material
quality. Software solutions provide spectral measurement,
classification, and quantitative analysis for optimizing industrial
production processes. Technological advancements increase product
costs, potentially hindering the growth of the global NIRS
market.
- Near-Infrared Spectroscopy (NIRS) is a non-destructive
analytical technique used in various industries, including
Agriculture and Healthcare, for determining the chemical
composition of samples. NIRS technology operates in the
near-infrared region of the electromagnetic spectrum. Dispersive
NIR spectroscopy is a popular method used in this field. The
Agriculture industry benefits from NIRS through precision
agriculture and smart farming, enabling quality control, process
optimization, and product safety. Benchtop NIRS instruments are
user-friendly and offer miniaturization and advanced data
processing capabilities, including artificial intelligence and
machine learning techniques, for improved accuracy. NIR
spectroscopy is also used in healthcare for tissue oxygenation,
brain activity, metabolic processes, monitoring of diseases,
personalized medicine, and non-destructive testing. In the Food
industry, it is used for food authentication, personalized
nutrition, and environmental monitoring. NIR spectroscopy is also
used in the detection of counterfeit pharmaceuticals and particle
measurement. International organizations and technology companies
are continuously advancing NIRS technology to meet the evolving
needs of various industries. These advancements include
improvements in imaging, automation, and data processing
capabilities, leading to increased accuracy and efficiency.
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Segment Overview
This near-infrared (nir) spectroscopy market report extensively
covers market segmentation by
- Product
- 1.1 Benchtop
- 1.2 Portable
- End-user
- 2.1 Pharmaceutical and biomedical industry
- 2.2 Food and beverage industry
- 2.3 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Benchtop- Benchtop Near-Infrared Spectroscopy
(NIRS) devices offer several advantages over portable devices for
various industries. These devices are compact and can be
conveniently placed on a laboratory workbench, making them ideal
for use in space-constrained environments. Benchtop NIRS devices
provide transmission measurements, which are not available in
portable devices, and can capture larger sample areas, reducing
measurement inaccuracies. In the phytopharmaceutical industry,
benchtop NIRS devices are increasingly used for quality control
purposes due to their higher calibration quality and ability to
determine Rosmarinic acid (RA) content in dried and powdered
Rosmarini folium more accurately than portable devices. The Metrohm
NIRS XDS MasterLab Analyzer is an example of a benchtop NIRS device
used for analyzing drugs. Its optional coarse granular sample cell
enables the analysis of various solid forms, benefiting
pharmaceutical and biomedical companies in developing new drug
formulations. End-user industries such as pharmaceutical and
biomedical, food and beverage, chemical, and agriculture will
continue to demand benchtop NIRS devices due to their ability to
determine multiple sample compositions rapidly and accurately,
minimizing laboratory analysis time and replacing routine tests.
These features contribute to the growth of the benchtop NIRS market
during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
Near-Infrared (NIR) spectroscopy is a non-destructive analytical
technique that utilizes the near-infrared region of the
electromagnetic spectrum to determine the chemical composition of
various materials. This technology has gained significant attention
in various industries due to its ability to provide rapid and
accurate analysis. In the field of biotechnology, NIR spectroscopy
is used for the analysis of biological samples, including food and
agricultural products. Insect detection is another application
where NIR spectroscopy is used to identify insect infestations in
crops. In the realm of crime detection and forensic labs, NIR
spectroscopy is employed to analyze evidence for chemical
identification. The chemical industry uses NIR spectroscopy for
quality control and process monitoring of various chemicals. In the
cosmetics industry, NIR spectroscopy is used for the analysis of
pigments and formulations. In the pulp and paper industry, NIR
spectroscopy is used for the analysis of pulp and paper quality. In
petrochemicals, NIR spectroscopy is used for the analysis of
petroleum products and refinery streams. NIRS technology is also
used in the detection of counterfeit pharmaceuticals and for
particle measurement in various industries. Dispersive infrared
spectroscopy is a variant of NIR spectroscopy that uses a
dispersive element instead of a grating to disperse the infrared
light.
Market Research Overview
Near-Infrared (NIR) Spectroscopy is a non-destructive analytical
technique that utilizes the near-infrared region of the
electromagnetic spectrum to determine the chemical composition of
various materials. This technology finds applications in diverse
industries, including Biotechnology, Agriculture, Healthcare, and
Chemicals. In Biotechnology, NIR Spectroscopy is used for insect
detection, crime detection in forensic labs, and pharmaceutical
production for chronic diseases. In the Agriculture industry, it is
used for quality control, process optimization, product safety, and
precision agriculture. In the Chemicals sector, NIR Spectroscopy is
employed for the analysis of polymers, petrochemicals, and pulp and
paper. NIR Spectroscopy also finds applications in the Cosmetics
industry for product development and quality control. Advancements
in NIRS technology include user-friendly instruments,
miniaturization, data processing capabilities, artificial
intelligence, and machine learning techniques, leading to increased
accuracy and automation. NIR Spectroscopy is also used in
healthcare for tissue oxygenation, brain activity, metabolic
processes, monitoring of diseases, personalized medicine, and
non-destructive testing. In emerging nations, NIR Spectroscopy is
gaining popularity due to its cost-effectiveness and ease of use.
Technologies like FT-NIR, Dispersive near-infrared spectroscopy,
and benchtop instruments are widely used. NIR Spectroscopy is also
used for food authentication, environmental monitoring, counterfeit
pharmaceuticals, particle measurement, and smart farming.
International organizations are promoting the use of NIR
Spectroscopy for various applications due to its benefits in terms
of accuracy, quality control, and process optimization.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- End-user
-
- Pharmaceutical And Biomedical Industry
- Food And Beverage Industry
- Others
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
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technologies, spanning across 50 countries. Their client base
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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