NIR and Raman Spectroscopy Market Report 2026

The nir and raman spectroscopy market size has grown rapidly in recent years. It will grow from $2.05 billion in 2025 to $2.35 billion in 2026 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to growth of pharmaceutical manufacturing, expansion of academic research, demand for rapid chemical analysis, development of analytical instrumentation, food safety testing requirements.

The nir and raman spectroscopy market size is expected to see rapid growth in the next few years. It will grow to $4.08 billion in 2030 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to miniaturization of spectroscopy systems, growth of in line process monitoring, rising biotechnology research, stricter quality compliance standards, expansion of handheld analytical tools. Major trends in the forecast period include growing adoption of portable spectroscopy devices, increasing use in pharmaceutical quality control, rising demand for non destructive testing techniques, expansion of spectroscopy in food and beverage analysis, integration of advanced software and chemometrics.

The rising investment in pharmaceutical R&D is anticipated to drive the expansion of the NIR and Raman spectroscopy market going forward. Pharmaceutical R&D encompasses the discovery, development, and evaluation of new drug candidates to confirm their safety, effectiveness, and quality prior to regulatory approval. Spending in this area is increasing due to growing demand for advanced therapies capable of addressing complex and chronic conditions, prompting companies to allocate greater resources toward developing novel drugs and personalized treatments. Pharmaceutical R&D accelerates the adoption of NIR and Raman spectroscopy by necessitating rapid, precise, and non-destructive analytical methods for drug development, formulation, and quality assurance throughout research and testing activities. For example, in December 2024, the Office for National Statistics, a UK-based government agency, reported that UK businesses invested $64.73 billion (£50 billion) in R&D in 2023, representing a $1.83 billion (£1.4 billion) or 2.9% increase compared to 2022. Therefore, increasing pharmaceutical R&D spending is fueling the growth of the NIR and Raman spectroscopy market.

Leading companies in the NIR and Raman spectroscopy market are prioritizing the adoption of advanced technologies such as dual-laser systems with a single detector to broaden spectral range, improve measurement accuracy, and reinforce laboratory quality control. A dual-laser system with a single detector integrates two excitation lasers into one detection pathway, enabling the instrument to capture a wider spectrum of molecular vibrations in a single scan, thereby enhancing spectral reach, precision, and overall analytical performance. For instance, in October 2025, Metrohm AG, a Switzerland-based provider of analytical instruments and laboratory solutions, introduced the i-Raman NxG. This next-generation Raman spectrometer improves quality control with quicker measurements, heightened sensitivity, and adaptable sampling for liquids, solids, gels, tablets, and powders, and is equipped with SpecSuite software to support method development and FDA 21 CFR Part 11 compliance.

In June 2023, Thermo Fisher Scientific Inc., a U.S.-based biotechnology leader, acquired MarqMetrix, Inc. for an undisclosed amount.This acquisition enhances Thermo Fisher's portfolio of analytical technologies by incorporating MarqMetrix’s Raman-based in-line process analytical tools. These tools enable real-time, high-precision measurement and monitoring of critical manufacturing parameters across sectors such as biopharmaceuticals, pharmaceuticals, chemicals, and oil and gas. MarqMetrix, Inc., based in the U.S., specializes in optical measurement systems and provides both NIR and Raman spectroscopy solutions for in-line industrial applications.

Major companies operating in the nir and raman spectroscopy market are Thermo Fisher Scientific Inc., Danaher Corporation, ABB Ltd., Merck KGaA, Agilent Technologies Inc., PerkinElmer Inc., Shimadzu Corporation, Bruker Corporation, Horiba Ltd., Renishaw plc, Metrohm AG, JASCO Corporation, Spectral Sciences Inc., Tornado Spectral Systems Inc., BaySpec Inc., Cubert GmbH, Photothermal Spectroscopy Corp., Pendar Technologies LLC, Photon etc. Inc., TimeGate Instruments Ltd.

Asia-Pacific was the largest region in the NIR and raman spectroscopy market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nir and raman spectroscopy market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nir and raman spectroscopy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The NIR and raman spectroscopy market consists of revenues earned by entities by providing services such as transmission NIR spectroscopy, reflectance NIR spectroscopy, diffuse reflectance NIR, and transflectance NIR. The market value includes the value of related goods sold by the service provider or included within the service offering. The NIR and raman spectroscopy market includes sales of tungsten-halogen lamps, transmission cells, integrating spheres, and thermoelectric or liquid nitrogen cooling. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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