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Near-Infrared Spectroscopy Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook 2025-2034

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    Report

  • 400 Pages
  • June 2025
  • Region: Global
  • Expert Market Research
  • ID: 6102959
The global near-infrared spectroscopy market was valued at USD 601.00 Million in 2024 driven by increasing preference for minimally invasive procedures across the globe. The market is anticipated to grow at a CAGR of 5.70% during the forecast period 2025-2034 and reach a value of USD 1.04 billion by 2034.

Near-Infrared Spectroscopy Market Overview

Near-infrared spectroscopy (NIRS) is a non-invasive technique used to analyse the composition of substances by measuring the absorption or reflection of near-infrared light. The technology has various applications in the healthcare domain, ranging from brain monitoring and cerebral oxygenation, cardiac and vascular monitoring to pharmaceutical and drug delivery research. The market growth is driven by rising research and development initiatives, investments and product launches, intended to improve the available solutions for better outcomes.

Near-Infrared Spectroscopy Market Growth Drivers

Expanding Application Across Various Domains

Near-infrared spectroscopy has multiple applications in critical conditions in healthcare including cardiac surgeries, neonatal intensive care, and respiratory monitoring, among others. However, continuous research and innovations in the domain are now enabling the development of cutting-edge products with expanded applications in other domains.

For instance, in October 2024, trinamiX GmbH, a pioneer in miniaturisation of NIR spectroscopy modules, and developer of groundbreaking biometric and mobile NIR spectroscopy solutions launched a first-of-its-kind Consumer Spectroscopy solution. The latest innovation runs on Snapdragon® 8 Gen 3 Reference Design. The trinamiX consumer spectroscopy solution is the world’s first NIR spectrometer integrated into a smartphone reference design covering a wavelength range from 1-3µm. The cutting-edge innovation’s first application is under development in collaboration with Revea USA. The company provides high-end skincare products curated based on scientific analysis. Revea and trinamiX are collaborating to develop a product that analyses skin health through molecular biomarker measurements. Such innovations are poised to drive market transformation and revolutionise personal health for people.

Product launches by Affluent Companies to Meet Rising Near-Infrared Spectroscopy Market Demand

The market players are focused on bringing new products into the market to meet the rising need for development in the near-infrared spectroscopy domain. For instance, in April 2024, Metrohm, a leading global manufacturer of high-precision instruments for chemical analysis, launched its latest NIR spectrometer while expanding its OMNIS platform. The new NIRS enables comprehensive chemical analysis through a single system, streamlining the analysis process for both liquid and solid samples. As the system integrates a customisable setup, it is poised to boost pharmaceutical and drug delivery research and enhance laboratory efficiency, bolstering market demand in the forecast period.

Integration with Wearable Devices to Increase Near-Infrared Spectroscopy Market Value

The market growth stimulation for near-infrared spectroscopy (NIRS) can be attributed to its increasing popularity. Wearable functional near-infrared spectroscopy fNIRS and diffuse optical imaging methods are gaining substantial traction among researchers due to their ability to noninvasively monitor cerebral hemodynamics. In this technique, near-infrared light evaluates changes in hemoglobin concentrations which further enables them to fetch information about the brain’s blood circulation, health, and functionality. The market is experiencing continuous advancements in the domain including miniaturisation and wearability of fNIRS devices over the past decades. These advancements have led to the development of fully wearable, wireless, and unobtrusive systems that are lightweight, and capable of high-density tissue measurement, enabling researchers to comprehend brain functionality during cognitive tasks involving movement and dynamic balance.

Near-Infrared Spectroscopy Market Trends

The market is witnessing several trends and developments to improve the global current scenario. Some of the notable trends are as follows:

Increasing Application in Diagnostics

NIRS is experiencing rapid adoption of technology in non-invasive medical diagnostics, particularly for brain imaging, muscle oxygenation, and neonatal care. The capability of providing accurate and real-time insights into the blood flow is contributing to increased adoption of the technology in the market.

Advancement in Wearable Devices

The increasing focus on the development of wearable and portable NIRS devices is enabling accessibility to the technology for point-of-care diagnostics, sports science, and personal health monitoring. The trend is contributing to expanded market reach.

Technological Advancements

The market is witnessing technological advancements in NIRS technology including enhanced, efficiency, accuracy, and data analysis capabilities, fuelling market growth. The increasing development of wearable and non-invasive NIRS devices is further dominating the market.

Rising Focus on Non-Invasive Brain-Computer Interfaces

The researchers are focusing more on exploring further applications of NIRS other than surgeries, and intensive care, among others. The technique is poised to have potential in non-invasive brain-computer interfaces, particularly in neurorehabilitation and cognitive research, creating new opportunities and bolstering market expansion

Near-Infrared Spectroscopy Market Segmentation

Near-Infrared Spectroscopy Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Benchtop
  • Portable

Market Breakup by Product

  • Dispersive
  • FT-NIR Spectrometers

Market Breakup by Application

  • Diagnostic
  • Monitoring

Market Breakup by Region

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

Near-Infrared Spectroscopy Market Share

Market Segmentation by Type to Witness Substantial Growth

By type, the market is divided into benchtop and portable. Benchtop near-infrared spectroscopy systems lead the market share due to their widespread use in laboratories and industrial arrangements to enable analysis with precision and accuracy. Comparatively, portable NIRS devices have started to gain traction, particularly in point-of-care diagnostics due to their convenience and growing technological advancements.

Near-Infrared Spectroscopy Market Analysis by Region

North America leads the regional market due to the presence of advanced healthcare infrastructure. The regional dominance can be attributed to the presence of many leading pharmaceutical and biotechnology companies, which are at the forefront of developing and commercialising advanced near-infrared spectroscopy technologies in medical diagnostics, specifically in non-invasive monitoring. The increasing use of NIRS by pharmaceutical and biotechnology companies for quality control and process monitoring in the region are driving market growth and supporting regional dominance. Additionally, the region is also experiencing increased focus on research and development activities, along with the introduction of new technologies, thus, fuelling market growth.

Leading players in the Near-infrared Spectroscopy Market

The key features of the market report comprise patent analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc. is a global leader in scientific instrumentation, offering a comprehensive portfolio of near-infrared spectroscopy (NIRS) solutions. Their NIRS systems are widely used in pharmaceutical, food, and environmental industries for precise and reliable chemical analysis. With a focus on innovation and quality, Thermo Fisher provides both benchtop and portable NIRS devices, enabling real-time monitoring and rapid analysis, which are essential for improving process efficiency and ensuring product quality across various sectors.

Bruker Corporation

Bruker Corporation is a prominent provider of advanced scientific instruments, including a robust range of near-infrared spectroscopy (NIRS) technologies. Bruker’s NIRS systems are known for their precision, ease of use, and versatility, offering customers reliable tools for material identification, compositional analysis, and process monitoring in both laboratory and industrial settings.

PerkinElmer Inc.

PerkinElmer Inc. is a global leader in analytical instrumentation, offering state-of-the-art near-infrared spectroscopy (NIRS) systems that support a wide range of industries, including pharmaceuticals, agriculture, and food safety. Their NIRS portfolio is designed to provide accurate, non-destructive analysis of chemical compositions, enabling efficient quality control and product testing. PerkinElmer's innovative NIRS technologies help businesses enhance productivity and ensure compliance with stringent industry standards, making them a trusted partner in research and industrial applications.

Oxford Instruments plc

Oxford Instruments plc is a leading provider of high-technology tools and systems, including sophisticated near-infrared spectroscopy (NIRS) solutions. Their NIRS portfolio serves the needs of the materials science, healthcare, and environmental sectors, offering precise analysis for research and industrial purposes. Oxford Instruments is known for its cutting-edge NIRS technologies that provide detailed insights into chemical compositions, helping scientists and engineers advance their research and improve the quality and safety of products across global markets.

Other key players in the market include Brainbox Ltd., Malvern Panalytical Ltd, Galaxy Scientific Inc., ABB Group, Metrohm AG, KPM Analytics Inc., Agilent Technologies Inc., Carl Zeiss AG, Edinburgh Instruments Ltd, Horiba Ltd., Lumex Instruments Inc., and JASCO International Co.

Key Questions Answered in the Near-infrared Spectroscopy Market

  • What was the global near-infrared spectroscopy market value in 2024?
  • What is the global near-infrared spectroscopy market forecast outlook for 2025-2034?
  • What are the regional markets covered in the report?
  • What is market segmentation based on product?
  • How is the market segmented based on type?
  • What is the market segmentation based on application?
  • What are the major factors aiding the near-infrared spectroscopy market demand?
  • How has the market performed so far and how is it anticipated to perform in the coming years?
  • What are the market's major drivers, opportunities, and restraints?
  • Which regional market is expected to lead the market share in the forecast period?
  • Which country is expected to experience expedited growth during the forecast period?
  • What are the major near-infrared spectroscopy market trends?
  • Which product is expected to dominate the market?
  • Which type will dominate the market share?
  • Which application will bolster market expansion?
  • Which end-user will lead the market?
  • Who are the key players involved in the near-infrared spectroscopy market?
  • What is the patent landscape of the market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Near-Infrared Spectroscopy Market Overview
3.1 Global Near-Infrared Spectroscopy Market Historical Value (2018-2024)
3.2 Global Near-Infrared Spectroscopy Market Forecast Value (2025-2034)
4 Vendor Positioning Analysis
4.1 Key Vendors
4.2 Prospective Leaders
4.3 Niche Leaders
4.4 Disruptors
5 Global Near-Infrared Spectroscopy Market Landscape*
5.1 Global Near-Infrared Spectroscopy Market: Developers Landscape
5.1.1 Analysis by Year of Establishment
5.1.2 Analysis by Company Size
5.1.3 Analysis by Region
5.2 Global Near-Infrared Spectroscopy Market: Product Landscape
5.2.1 Analysis by Type
5.2.2 Analysis by Product
6 Global Near-Infrared Spectroscopy Market Dynamics
6.1 Market Drivers and Constraints
6.2 SWOT Analysis
6.2.1 Strengths
6.2.2 Weaknesses
6.2.3 Opportunities
6.2.4 Threats
6.3 PESTEL Analysis
6.3.1 Political
6.3.2 Economic
6.3.3 Social
6.3.4 Technological
6.3.5 Legal
6.3.6 Environment
6.4 Porter’s Five Forces Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Degree of Rivalry
6.5 Key Demand Indicators
6.6 Key Price Indicators
6.7 Industry Events, Initiatives, and Trends
6.8 Value Chain Analysis
7 Global Near-Infrared Spectroscopy Market Segmentation (218-2034)
7.1 Global Near-Infrared Spectroscopy Market (2018-2034) by Type
7.1.1 Market Overview
7.1.2 Benchtop
7.1.3 Portable
7.2 Global Near-Infrared Spectroscopy Market (2018-2034) By Product
7.2.1 Market Overview
7.2.2 Dispersive
7.2.3 FT-NIR Spectrometers
7.3 Global Near-Infrared Spectroscopy Market (2018-2034) by Application
7.3.1 Market Overview
7.3.2 Diagnostic
7.3.3 Monitoring
7.4 Global Near-Infrared Spectroscopy Market (2018-2034) by Region
7.4.1 Market Overview
7.4.2 North America
7.4.3 Europe
7.4.4 Asia Pacific
7.4.5 Latin America
7.4.6 Middle East and Africa
8 North America Near-Infrared Spectroscopy Market (218-2034)
8.1 North America Near-Infrared Spectroscopy Market (2018-2034) by Type
8.1.1 Market Overview
8.1.2 Benchtop
8.1.3 Portable
8.2 North America Near-Infrared Spectroscopy Market (2018-2034) By Product
8.2.1 Market Overview
8.2.2 Dispersive
8.2.3 FT-NIR Spectrometers
8.3 North America Near-Infrared Spectroscopy Market (2018-2034) by Application
8.3.1 Market Overview
8.3.2 Diagnostic
8.3.3 Monitoring
8.4 North America Near-Infrared Spectroscopy Market (2018-2034) by Country
8.4.1 United States of America
8.4.2 Canada
9 Europe Near-Infrared Spectroscopy Market (218-2034)
9.1 Europe Near-Infrared Spectroscopy Market (2018-2034) by Type
9.1.1 Market Overview
9.1.2 Benchtop
9.1.3 Portable
9.2 Europe Near-Infrared Spectroscopy Market (2018-2034) By Product
9.2.1 Market Overview
9.2.2 Dispersive
9.2.3 FT-NIR Spectrometers
9.3 Europe Near-Infrared Spectroscopy Market (2018-2034) by Application
9.3.1 Market Overview
9.3.2 Diagnostic
9.3.3 Monitoring
9.4 Europe Near-Infrared Spectroscopy Market (2018-2034) by Country
9.4.1 United Kingdom
9.4.2 Germany
9.4.3 France
9.4.4 Italy
9.4.5 Others
10 Asia Pacific Near-Infrared Spectroscopy Market (218-2034)
10.1 Asia Pacific Near-Infrared Spectroscopy Market (2018-2034) by Type
10.1.1 Market Overview
10.1.2 Benchtop
10.1.3 Portable
10.2 Asia Pacific Near-Infrared Spectroscopy Market (2018-2034) By Product
10.2.1 Market Overview
10.2.2 Dispersive
10.2.3 FT-NIR Spectrometers
10.3 Asia Pacific Near-Infrared Spectroscopy Market (2018-2034) by Application
10.3.1 Market Overview
10.3.2 Diagnostic
10.3.3 Monitoring
10.4 Asia Pacific Near-Infrared Spectroscopy Market (2018-2034) by Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 ASEAN
10.4.5 Australia
10.4.6 Others
11 Latin America Near-Infrared Spectroscopy Market (218-2034)
11.1 Latin America Near-Infrared Spectroscopy Market (2018-2034) by Type
11.1.1 Market Overview
11.1.2 Benchtop
11.1.3 Portable
11.2 Latin America Near-Infrared Spectroscopy Market (2018-2034) By Product
11.2.1 Market Overview
11.2.2 Dispersive
11.2.3 FT-NIR Spectrometers
11.3 Latin America Near-Infrared Spectroscopy Market (2018-2034) by Application
11.3.1 Market Overview
11.3.2 Diagnostic
11.3.3 Monitoring
11.4 Latin America Near-Infrared Spectroscopy Market (2018-2034) by Country
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Mexico
12 Middle East and Africa Near-Infrared Spectroscopy Market (218-2034)
12.1 Middle East and Africa Near-Infrared Spectroscopy Market (2018-2034) by Type
12.1.1 Market Overview
12.1.2 Benchtop
12.1.3 Portable
12.2 Middle East and Africa Near-Infrared Spectroscopy Market (2018-2034) By Product
12.2.1 Market Overview
12.2.2 Dispersive
12.2.3 FT-NIR Spectrometers
12.3 Middle East and Africa Near-Infrared Spectroscopy Market (2018-2034) by Application
12.3.1 Market Overview
12.3.2 Diagnostic
12.3.3 Monitoring
12.4 Middle East and Africa Near-Infrared Spectroscopy Market (2018-2034) by Country
12.4.1 Saudi Arabia
12.4.2 United Arab Emirates
12.4.3 Nigeria
12.4.4 South Africa
12.4.5 Others
13 Regulatory Framework
13.1 Regulatory Overview
13.2 US FDA
13.3 EU EMA
13.4 INDIA CDSCO
13.5 JAPAN PMDA
13.6 Others
14 Patent Analysis
14.1 Analysis by Type of Patent
14.2 Analysis by Publication Year
14.3 Analysis by Issuing Authority
14.4 Analysis by Patent Age
14.5 Analysis by CPC Analysis
14.6 Analysis by Patent Valuation
14.7 Analysis by Key Players
15 Funding and Investment Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Strategic Initiatives
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Supplier Landscape
17.1 Market Share Analysis, By Region (Top 5 Companies)
17.1.1 Market Share Analysis: Global
17.1.2 Market Share Analysis: North America
17.1.3 Market Share Analysis: Europe
17.1.4 Market Share Analysis: Asia Pacific
17.1.5 Market Share Analysis: Others
17.2 Thermo Fisher Scientific Inc .
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Company News and Developments
17.2.5 Certifications
17.3 Bruker Corporation
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Company News and Developments
17.3.5 Certifications
17.4 PerkinElmer Inc .
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Company News and Developments
17.4.5 Certifications
17.5 Oxford Instruments plc
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Company News and Developments
17.5.5 Certifications
17.6 Brainbox Ltd .
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Company News and Developments
17.6.5 Certifications
17.7 Malvern Panalytical Ltd
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Company News and Developments
17.7.5 Certifications
17.8 Galaxy Scientific Inc
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Company News and Developments
17.8.5 Certifications
17.9 ABB Group
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Company News and Developments
17.9.5 Certifications
17.10 Metrohm AG
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Company News and Developments
17.10.5 Certifications
17.11 KPM Analytics Inc .
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Company News and Developments
17.11.5 Certifications
17.12 Agilent Technologies Inc .
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Company News and Developments
17.12.5 Certifications
17.13 Carl Zeiss AG
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Company News and Developments
17.13.5 Certifications
17.14 Edinburgh Instruments Ltd
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Company News and Developments
17.14.5 Certifications
17.15 Horiba Ltd .
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Company News and Developments
17.15.5 Certifications
17.16 JASCO International Co
17.16.1 Financial Analysis
17.16.2 Product Portfolio
17.16.3 Demographic Reach and Achievements
17.16.4 Company News and Developments
17.16.5 Certifications
17.17 Lumex Instruments Inc .
17.17.1 Financial Analysis
17.17.2 Product Portfolio
17.17.3 Demographic Reach and Achievements
17.17.4 Company News and Developments
17.17.5 Certifications
18 Global Near-Infrared Spectroscopy Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)

Companies Mentioned

  • Thermo Fisher Scientific Inc.
  • Bruker Corporation
  • PerkinElmer Inc.
  • Oxford Instruments plc

Table Information