Authored By: Sarah
11 Jul 2024

 Near-Infrared (Nir) Spectroscopy Market Size to grow by USD 698.9 million between 2024-2028

According to a research report “ Near-Infrared (Nir) Spectroscopy Market” by Product (Benchtop, Portable) End-user (Pharmaceutical and biomedical industry, Food and beverage industry, Others) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 698.9 million, at a CAGR of over 13.59% during the forecast period. In the business context, food safety is a critical priority for the food and beverage industry, encompassing practices and procedures for food handling, preparation, and storage to prevent foodborne illnesses caused by bacteria, viruses, parasites, toxins, and chemicals. With approximately 31% of children under five succumbing to foodborne diseases yearly, maintaining optimal food safety levels is essential. Near-Infrared (NIR) spectroscopy plays a pivotal role in ensuring food quality by assessing the properties of fruits, vegetables, and other foodstuffs, including soluble solids, acidity, water content, DM, and firmness, to determine fiber, protein, and fat content, thereby contributing to the overall safety and quality of consumer products.

Browse market data tables, figures, and in-depth TOC on “Near-Infrared (Nir) Spectroscopy Market” by Product (Benchtop, Portable) End-user (Pharmaceutical and biomedical industry, Food and beverage industry, Others) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Product, the Benchtop segment is projected to dominate the market size in 2024

In the pharmaceutical and biomedical sectors, Near-Infrared (NIR) Spectroscopy plays a pivotal role in ensuring regulatory compliance through the identification of Active Pharmaceutical Ingredients (APIs) in finished products. Adherence to the International Conference on Harmonisation (ICH) guidelines is crucial for new drug substance and product registration. NIR Spectroscopy devices, such as Thermo Fisher Scientific's Antaris Target Blend Analyzer, facilitate high-throughput, multiparametric data collection for large-scale tablet production, enhancing efficiency and accuracy.

By End-user, Pharmaceutical and biomedical industry  segment is expected to hold the largest market size for the year 2024

In the realm of Near-Infrared (NIR) Spectroscopy, benchtop devices have gained significant traction among end-users due to their advantages over portable counterparts. These compact benchtop NIRS devices are ideal for laboratory settings, as they occupy minimal space and can be effortlessly placed on a workbench. Unlike portable devices, benchtop NIRS devices offer transmission measurements, enabling more accurate and precise analysis. Furthermore, these devices can capture larger sample areas, thereby minimizing measurement inconsistencies and ensuring result consistency. In the context of determining Rosmarinic acid (RA) content in dried and powdered Rosmarini folium, benchtop NIR spectrometers deliver superior results. The measurement of RA content is crucial for calculating models such as Partial Least Squares (PLS), with benchtop spectrometers yielding higher calibration quality due to their enhanced precision and accuracy.

North America is forecasted to hold the largest market size by region in 2024

The Near-Infrared (NIR) spectroscopy market represents a significant business opportunity due to its ability to provide non-destructive, rapid, and cost-effective analysis of various materials. This advanced technology is widely used in industries such as food, pharmaceuticals, and agriculture for quality control and research purposes. Market growth is driven by increasing demand for real-time analysis, automation, and the need for sustainable and efficient production processes. Companies investing in NIR spectroscopy solutions can gain a competitive edge by improving product quality, enhancing operational efficiency, and ensuring regulatory compliance.

The Near-Infrared (Nir) Spectroscopy Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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
  • ZEUTEC
.

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Research Analysis Overview

NIR Spectroscopy, a non-destructive analytical technique in the electromagnetic spectrum's near-infrared region, has gained significant attention in various industries due to its ability to measure particle size and chemical composition. Dispersive Infrared Spectroscopy (DISPERS), a type of NIRS technology, is widely used in particle measurement applications across industries such as petrochemicals, pulp and paper, cosmetics, and chemicals. NIR Spectroscopy plays a crucial role in detecting counterfeit pharmaceuticals by analyzing their chemical composition. In forensic labs, it is used for crime detection and insect detection. In the petrochemical industry, NIR Spectroscopy is used for process control and product quality analysis. In the pulp and paper industry, it is used for fiber characterization and quality control. In the cosmetics industry, it is used for raw material analysis and product quality control. In biotechnology, NIR Spectroscopy is used for the analysis of complex biological systems and biomolecules. Overall, NIR Spectroscopy is a versatile analytical tool that offers numerous applications across various industries.

Market Research Overview

Near-Infrared (NIR) Spectroscopy Market: An Overview and Advancements in Particle Measurement, Healthcare, Agriculture, and Beyond Near-Infrared (NIR) Spectroscopy, a non-destructive analytical technique, is gaining significant attention in various industries due to its ability to provide valuable information about the chemical composition of materials in the electromagnetic spectrum's near-infrared region. This technology, also known as NIRS, is revolutionizing sectors such as particle measurement, healthcare, agriculture, and more. In particle measurement, NIR spectroscopy is used for process optimization, quality control, and product safety. In healthcare, it plays a crucial role in monitoring diseases, metabolic processes, brain activity, and tissue oxygenation. NIR spectroscopy is also transforming agriculture through smart farming and precision agriculture, enabling automation, imaging, and chemometrics for accurate crop analysis. Advancements in NIR technology include miniaturization, user-friendly instruments, and the integration of machine learning techniques and artificial intelligence for data processing capabilities. NIR spectroscopy is increasingly used in healthcare for personalized medicine, disease diagnosis, and monitoring, as well as in pharmaceutical production for counterfeit detection. In agriculture, NIR spectroscopy is applied to various crops, including palm oil, pulp and paper, cosmetics, chemicals, and petrochemicals. International organizations and emerging nations are investing in modern healthcare facilities and advanced technology to combat chronic diseases, making NIR spectroscopy an essential tool in the healthcare sector. Moreover, NIR spectroscopy has found applications in forensic lab applications, crime detection, insect detection, and biotechnology. NIR spectrometers, such as benchtop instruments and dispersive near-infrared spectroscopy (DNIR) and FT-NIR, are becoming increasingly popular due to their accuracy, ease of use, and versatility. Overall, NIR spectroscopy is a powerful technology with a wide range of applications, and its future looks promising as research and development continue to push the boundaries of its capabilities.

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