Competition from other analytical techniques can limit the near-infrared spectroscopy market growth

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Exactitude Consultancy Press Release: Global near-infrared spectroscopy market

Growing demand for portable and field-deployable NIRS instruments fuels the demand for near-infrared spectroscopy market.

The rising demand for portable and field-deployable near-infrared spectroscopy (NIRS) instruments is a key driver for market growth. This surge is propelled by the requirement for on-the-go spectral analysis in various applications, spanning agriculture to point-of-care diagnostics. Portable NIRS instruments offer flexibility and real-time insights, enabling users to perform swift analyses directly at the sample location. This demand is particularly pronounced in scenarios where immediate results are paramount, such as in field applications, facilitating rapid decision-making and improving the efficiency of diverse processes.   

Explore 198 market data Tables spread through nearly 129 Pages and in-depth analysis on “Near-Infrared Spectroscopy Market by Product (Dispersive Infrared Spectroscopy, Fourier Transform Based (FT-NIR) Spectrometers), Type (Benchtop, Portable), By Application (Medical Applications, Astronomical Spectroscopy, Remote Monitoring, Agriculture, Particle Measurement, Material Science, Industrial Use) and Region, Global trends and forecast from 2023 to 2030” With Table of Content

Development of cloud-based data analysis platforms leads to the future opportunities in near-infrared spectroscopy market.

The emergence of cloud-based data analysis platforms opens promising avenues in the near-infrared spectroscopy (NIRS) market. These platforms bring substantial benefits, including improved accessibility, scalability, and collaborative features. They streamline the storage, processing, and sharing of large datasets generated by NIRS instruments, fostering seamless collaboration among researchers. Cloud solutions facilitate real-time data analysis, empowering researchers and analysts to extract valuable insights from NIRS data remotely. This development addresses challenges related to data management, storage capacity, and processing speed, enhancing the efficiency of collaborative research endeavours. Furthermore, the compatibility of cloud-based platforms with other analytical tools promotes a comprehensive approach to data analysis.

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Competition from other analytical techniques can limit the near-infrared spectroscopy market growth.

The growth of the near-infrared spectroscopy (NIRS) market may face limitations due to competition from alternative analytical techniques. While NIRS offers distinct advantages, such as non-destructive and rapid analysis, other methods, such as mass spectrometry, chromatography, and traditional wet chemistry, may still hold prominence in specific applications. The choice between techniques often depends on factors like sensitivity, specificity, and the nature of the sample. In certain scenarios, alternative methods may provide more detailed information or higher precision, influencing the preference of analysts and researchers. Additionally, the familiarity and established practices with traditional techniques in certain industries could contribute to resistance in adopting NIRS. Addressing these challenges requires highlighting the unique strengths of NIRS and continuous advancements to broaden its applicability across diverse analytical scenarios.

The presence of large industry players carrying out strategic initiatives will drive near-infrared spectroscopy Market share.

The major players operating in the global near-infrared spectroscopy include Bruker Corporation, PerkinElmer Inc., Thermo Fisher Scientific Inc., ABB Ltd., FOSS AS, BUCHI Labortechnik AG, Yokogawa Electric Corporation, Shimadzu Corporation, Agilent Technologies Inc., Sartorius AG, Lumex Instruments, Metrohm AG, Ocean Insight, Polytec GmbH, Viavi Solutions Inc., Zeltex LLC, ZEUTEC, Avantes BV, Brainbox Ltd., B&W Tek.

The North America region dominated the near-infrared spectroscopy market.

North America emerges as the dominant force in the near-infrared spectroscopy (NIRS) market, commanding a significant share. This leadership is attributed to several factors, including the region’s advanced technological infrastructure, extensive research and development activities, and a high level of adoption of innovative analytical solutions. The United States, in particular, plays a pivotal role in propelling the market forward, with a thriving pharmaceutical and biotechnology sector contributing to the widespread use of NIRS. Additionally, collaborations between key industry players, research institutions, and healthcare organizations foster innovation and the development of new applications for NIRS. The regulatory environment in North America also supports the adoption of advanced analytical technologies, further solidifying the region’s position at the forefront of the global NIRS market.

Competitive Landscape

The competitive landscape of the near-infrared spectroscopy market was dynamic, with several prominent companies competing to provide innovative and advanced Near-infrared spectroscopy solutions.

  1. Bruker Corporation
  2. PerkinElmer Inc.
  3. Thermo Fisher Scientific Inc.
  4. ABB Ltd.
  5. FOSS AS
  6. BUCHI Labortechnik AG
  7. Yokogawa Electric Corporation
  8. Shimadzu Corporation
  9. Agilent Technologies Inc.
  10. Sartorius AG
  11. Lumex Instruments
  12. Metrohm AG
  13. Ocean Insight
  14. Polytec GmbH
  15. Viavi Solutions Inc.
  16. Zeltex LLC
  17. ZEUTEC
  18. Avantes BV
  19. Brainbox Ltd.
  20. B&W Tek

Segments Covered in the Near-infrared Spectroscopy Market Report

Near-infrared Spectroscopy Market       

  • Dispersive Infrared Spectroscopy
  • Fourier Transform Based (FT-NIR) Spectrometers

by Type

  • Benchtop
  • Portable

by Application

  • Medical Applications
  • Astronomical Spectroscopy
  • Remote Monitoring
  • Agriculture
  • Particle Measurement
  • Material Science
  • Industrial Use

by Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa