Near Infrared Spectroscopy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Near infrared spectroscopy, also known as NIR spectroscopy is a method used which utilizes the near infrared region of electromagnetic spectrum. The NIR region ranges from 700 to 2500 nm and the region of the electromagnetic spectrum is known the best combination of attributes for the analysis of most slurry, liquid and solid sample.
MARKET DYNAMICS
The near infrared spectroscopy market is experiencing significant growth owing to increasing number of medical treatment due the rising cases of chronic diseases. However, the low lifecycle and high cost of devices is hampering the growth of the near-infrared spectroscopy market. Meanwhile, the increasing deployment of advanced health care institution in developing countries is anticipated to flourish the near-infrared spectroscopy market in forth coming future.
MARKET SCOPE
The "Near infrared spectroscopy Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductors with a special focus on the global market trend analysis. The report aims to provide an overview of near infrared spectroscopy market with detailed market segmentation product type, end user, and geography. The global near infrared spectroscopy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading near infrared spectroscopy market players and offers key trends and opportunities in the near infrared spectroscopy market.
MARKET SEGMENTATION
The global near infrared spectroscopy market is segmented on the basis of product type and end user. On the basis of product type, the market is segmented as with on benchtop spectroscopes, portable spectroscopes, and others. Similarly, on the basis of end user, the market is segmented as below healthcare, chemicals, food and beverages, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global near infrared spectroscopy market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The near infrared spectroscopy market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting near infrared spectroscopy market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the near infrared spectroscopy market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global near infrared spectroscopy market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The near infrared spectroscopy market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting near infrared spectroscopy market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the near infrared spectroscopy market in these regions.
MARKET PLAYERS
The reports cover key developments in the near infrared spectroscopy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from near infrared spectroscopy market are anticipated to lucrative growth opportunities in the future with the rising demand for near infrared spectroscopy market. Below mentioned is the list of few companies engaged in the near infrared spectroscopy market.
The report also includes the profiles of key near infrared spectroscopy market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Agilent Technologies Inc.
- Hitachi Ltd.
- Horiba Ltd.
- OSRAM Opto Semiconductors GmbH
- JASCO International Co., Ltd.
- PerkinElmer, Inc.
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Lumex Instruments
- Carl Zeiss AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Near Infrared Spectroscopy Market - By Product Type
1.3.2 Near Infrared Spectroscopy Market - By End-user
1.3.3 Near Infrared Spectroscopy Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEAR INFRARED SPECTROSCOPY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. NEAR INFRARED SPECTROSCOPY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NEAR INFRARED SPECTROSCOPY MARKET - GLOBAL MARKET ANALYSIS
6.1. NEAR INFRARED SPECTROSCOPY - GLOBAL MARKET OVERVIEW
6.2. NEAR INFRARED SPECTROSCOPY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NEAR INFRARED SPECTROSCOPY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BENCHTOP SPECTROSCOPES
7.3.1. Overview
7.3.2. Benchtop Spectroscopes Market Forecast and Analysis
7.4. PORTABLE SPECTROSCOPES
7.4.1. Overview
7.4.2. Portable Spectroscopes Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. NEAR INFRARED SPECTROSCOPY MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HEALTHCARE
8.3.1. Overview
8.3.2. Healthcare Market Forecast and Analysis
8.4. CHEMICALS
8.4.1. Overview
8.4.2. Chemicals Market Forecast and Analysis
8.5. FOOD AND BEVERAGES
8.5.1. Overview
8.5.2. Food and Beverages Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. NEAR INFRARED SPECTROSCOPY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Near Infrared Spectroscopy Market Overview
9.1.2 North America Near Infrared Spectroscopy Market Forecasts and Analysis
9.1.3 North America Near Infrared Spectroscopy Market Forecasts and Analysis - By Product Type
9.1.4 North America Near Infrared Spectroscopy Market Forecasts and Analysis - By End-user
9.1.5 North America Near Infrared Spectroscopy Market Forecasts and Analysis - By Countries
9.1.5.1 United States Near Infrared Spectroscopy Market
9.1.5.1.1 United States Near Infrared Spectroscopy Market by Product Type
9.1.5.1.2 United States Near Infrared Spectroscopy Market by End-user
9.1.5.2 Canada Near Infrared Spectroscopy Market
9.1.5.2.1 Canada Near Infrared Spectroscopy Market by Product Type
9.1.5.2.2 Canada Near Infrared Spectroscopy Market by End-user
9.1.5.3 Mexico Near Infrared Spectroscopy Market
9.1.5.3.1 Mexico Near Infrared Spectroscopy Market by Product Type
9.1.5.3.2 Mexico Near Infrared Spectroscopy Market by End-user
9.2. EUROPE
9.2.1 Europe Near Infrared Spectroscopy Market Overview
9.2.2 Europe Near Infrared Spectroscopy Market Forecasts and Analysis
9.2.3 Europe Near Infrared Spectroscopy Market Forecasts and Analysis - By Product Type
9.2.4 Europe Near Infrared Spectroscopy Market Forecasts and Analysis - By End-user
9.2.5 Europe Near Infrared Spectroscopy Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Near Infrared Spectroscopy Market
9.2.5.1.1 Germany Near Infrared Spectroscopy Market by Product Type
9.2.5.1.2 Germany Near Infrared Spectroscopy Market by End-user
9.2.5.2 France Near Infrared Spectroscopy Market
9.2.5.2.1 France Near Infrared Spectroscopy Market by Product Type
9.2.5.2.2 France Near Infrared Spectroscopy Market by End-user
9.2.5.3 Spain Near Infrared Spectroscopy Market
9.2.5.3.1 Spain Near Infrared Spectroscopy Market by Product Type
9.2.5.3.2 Spain Near Infrared Spectroscopy Market by End-user
9.2.5.4 United Kingdom Near Infrared Spectroscopy Market
9.2.5.4.1 United Kingdom Near Infrared Spectroscopy Market by Product Type
9.2.5.4.2 United Kingdom Near Infrared Spectroscopy Market by End-user
9.2.5.5 Russia Near Infrared Spectroscopy Market
9.2.5.5.1 Russia Near Infrared Spectroscopy Market by Product Type
9.2.5.5.2 Russia Near Infrared Spectroscopy Market by End-user
9.2.5.6 Rest of Europe Near Infrared Spectroscopy Market
9.2.5.6.1 Rest of Europe Near Infrared Spectroscopy Market by Product Type
9.2.5.6.2 Rest of Europe Near Infrared Spectroscopy Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Near Infrared Spectroscopy Market Overview
9.3.2 Asia-Pacific Near Infrared Spectroscopy Market Forecasts and Analysis
9.3.3 Asia-Pacific Near Infrared Spectroscopy Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Near Infrared Spectroscopy Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Near Infrared Spectroscopy Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Near Infrared Spectroscopy Market
9.3.5.1.1 Australia Near Infrared Spectroscopy Market by Product Type
9.3.5.1.2 Australia Near Infrared Spectroscopy Market by End-user
9.3.5.2 China Near Infrared Spectroscopy Market
9.3.5.2.1 China Near Infrared Spectroscopy Market by Product Type
9.3.5.2.2 China Near Infrared Spectroscopy Market by End-user
9.3.5.3 India Near Infrared Spectroscopy Market
9.3.5.3.1 India Near Infrared Spectroscopy Market by Product Type
9.3.5.3.2 India Near Infrared Spectroscopy Market by End-user
9.3.5.4 Japan Near Infrared Spectroscopy Market
9.3.5.4.1 Japan Near Infrared Spectroscopy Market by Product Type
9.3.5.4.2 Japan Near Infrared Spectroscopy Market by End-user
9.3.5.5 South Korea Near Infrared Spectroscopy Market
9.3.5.5.1 South Korea Near Infrared Spectroscopy Market by Product Type
9.3.5.5.2 South Korea Near Infrared Spectroscopy Market by End-user
9.3.5.6 Rest of Asia-Pacific Near Infrared Spectroscopy Market
9.3.5.6.1 Rest of Asia-Pacific Near Infrared Spectroscopy Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Near Infrared Spectroscopy Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Near Infrared Spectroscopy Market Overview
9.4.2 Middle East and Africa Near Infrared Spectroscopy Market Forecasts and Analysis
9.4.3 Middle East and Africa Near Infrared Spectroscopy Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Near Infrared Spectroscopy Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Near Infrared Spectroscopy Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Near Infrared Spectroscopy Market
9.4.5.1.1 South Africa Near Infrared Spectroscopy Market by Product Type
9.4.5.1.2 South Africa Near Infrared Spectroscopy Market by End-user
9.4.5.2 Saudi Arabia Near Infrared Spectroscopy Market
9.4.5.2.1 Saudi Arabia Near Infrared Spectroscopy Market by Product Type
9.4.5.2.2 Saudi Arabia Near Infrared Spectroscopy Market by End-user
9.4.5.3 U.A.E Near Infrared Spectroscopy Market
9.4.5.3.1 U.A.E Near Infrared Spectroscopy Market by Product Type
9.4.5.3.2 U.A.E Near Infrared Spectroscopy Market by End-user
9.4.5.4 Rest of Middle East and Africa Near Infrared Spectroscopy Market
9.4.5.4.1 Rest of Middle East and Africa Near Infrared Spectroscopy Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Near Infrared Spectroscopy Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Near Infrared Spectroscopy Market Overview
9.5.2 South and Central America Near Infrared Spectroscopy Market Forecasts and Analysis
9.5.3 South and Central America Near Infrared Spectroscopy Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Near Infrared Spectroscopy Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Near Infrared Spectroscopy Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Near Infrared Spectroscopy Market
9.5.5.1.1 Brazil Near Infrared Spectroscopy Market by Product Type
9.5.5.1.2 Brazil Near Infrared Spectroscopy Market by End-user
9.5.5.2 Argentina Near Infrared Spectroscopy Market
9.5.5.2.1 Argentina Near Infrared Spectroscopy Market by Product Type
9.5.5.2.2 Argentina Near Infrared Spectroscopy Market by End-user
9.5.5.3 Rest of South and Central America Near Infrared Spectroscopy Market
9.5.5.3.1 Rest of South and Central America Near Infrared Spectroscopy Market by Product Type
9.5.5.3.2 Rest of South and Central America Near Infrared Spectroscopy Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NEAR INFRARED SPECTROSCOPY MARKET, KEY COMPANY PROFILES
11.1. AGILENT TECHNOLOGIES INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HITACHI LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HORIBA LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. OSRAM OPTO SEMICONDUCTORS GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JASCO INTERNATIONAL CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PERKINELMER, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHIMADZU CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THERMO FISHER SCIENTIFIC INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LUMEX INSTRUMENTS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CARL ZEISS AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Agilent Technologies Inc.
2. Hitachi Ltd.
3. Horiba Ltd.
4. OSRAM Opto Semiconductors GmbH
5. JASCO International Co., Ltd.
6. PerkinElmer, Inc.
7. Shimadzu Corporation
8. Thermo Fisher Scientific Inc.
9. Lumex Instruments
10. Carl Zeiss AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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