Near-Infrared Spectrum Analyzer Market Growth, Current Trends, and Forecasts Research Report

Global near-infrared spectrum analyzer market is anticipated to witness an exponential growth in the forecast period. Factors such as increase in use of NIRS during process monitoring, technological advancement, increase in demand for quality purpose and specific tests, rise of non-invasive diagnostic techniques, increasing demand from healthcare sector, rising food safety concerns, increase in demand for nutritional evaluation of food, and rising government funding on research and development are likely to drive the market in forthcoming period.

On the other hand, the high cost of NIRS devices is anticipated to hinder near-infrared spectrum analyzer market growth in the future. However, rising uses of infrared technology are likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Near-infrared spectrum analyzer market could be explored by product type, type, application, sale channel, and geography. Market could be explored by product type as Dispersive NIR Analyzer, FT-NIR Analyzer, and Others (Filter and AOTF). Based on the type, market could span Hand Held and Bench Top. The “Bench Top” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

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The key applications that could be explored in the near-infrared spectrum analyzer market include Food and Agriculture Industry, Polymer Industry, Oil and Gas Industry, Pharmaceutical Industry and Other. The “Pharmaceutical Industry” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include it is used for improving the control and monitoring of pharmaceutical procedures quality assurance.

The near-infrared spectrum analyzer industry could be explored based on sale channel as Direct sale and Distributor. The “Direct Sale” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as growing uses of infrared technology, technological advancement, near-infrared imaging in the medical segment and wide-ranging use of the technology in research and development procedure. North America is followed by followed by Japan, Western Europe and in Asia Pacific region owing to an increase in demand for research process due to the economic environment and accessibility of resources.

Key players operating in the near-infrared spectrum analyzer market include Unity Scientific, Bruker, Thermo Fisher Scientific, Buchi, FOSS, Patton (PerkinElmer), ABB, Yokogawa, Agilent Technologies, Guided Wave (Advanced Group), Shimadzu, Hitachi, and ZEUTEC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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