Near-infrared (NIR) Spectroscopy Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Near-infrared Spectroscopy Market in 2025 is estimated at USD 624.61 million. The global market size was around USD 596.91 million in 2024 and is likely to expand at a CAGR of more than 5.8%, surpassing USD 1.24 billion revenue by 2037. Europe is set to achieve USD 496 million in industry revenue, fueled by increased healthcare spending in Germany and the adoption of near-infrared spectroscopy.
The reason behind the growth is impelled by the increasing demand for food across the globe. As a result, the food safety concern has also increased, leading to a growing demand for near-infrared (NIR) spectroscopy. For the routine compositional, functional, and to ascertain the approximate chemical compositions of a variety of foods, near-infrared (NIR) spectroscopy is an emerging analytical approach.
In addition, it is a non-destructive method that can be simply used in food processing and is particularly helpful for initial screening at the beginning of the food production process. By 2050, the demand for food is anticipated to rise globally by over 60%.
The growing popularity of minimally invasive procedures are believed to fuel the market growth. Minimally invasive surgery (MIS) has rapidly increased in use as they need fewer incisions, cause less discomfort, and leaves no unsightly scars. NIR Spectroscopy has been used as an analytical tool across several academic disciplines since it uses no chemicals, and is non-destructive. Usually, patients prefer it as it doesn't involve ionizing radiation and isn't painful.
 Spectroscopy Market overview.webp)
Near-infrared Spectroscopy Market: Growth Drivers and Challenges
Growth Drivers
- Rising Trend of Miniaturization Techniques – The growing popularity of miniaturization techniques has led to an increase in the use of small NIR spectrometers, which has made New and previously impossible NIR spectroscopy applications. In addition, these spectrometers can be used in isolated areas for quick on-site analysis, as they are adaptable, and precise equipment.
- Growing Sales of Semiconductor – This may increase the demand for near-infrared (NIR) spectroscopy since it is useful in evaluating semiconductor manufacturing equipment such as wafers, and thin films to ensure effective performance and reduce wastage.
Global semiconductor sales totaled over USD 580 billion USD in 2022.
Challenges
- Exorbitant Cost of NIR Instruments – To meet the high performance standards a NIR device is made up of advanced components. These components require high-quality materials which are expensive to manufacture. This, as a result, increases the overall cost of the device.
- Incapability to Consider the Different Percentages of Brain and Extracranial Tissues in People.
- Lack of Standardization
Near-infrared Spectroscopy Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.8% |
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Base Year Market Size (2024) |
USD 596.91 million |
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Forecast Year Market Size (2037) |
USD 1.24 billion |
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Regional Scope |
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Near-infrared (NIR) Spectroscopy Segmentation
Product (Fourier Transform-based (FT-NIR) Spectrometers, Dispersive Infrared Spectroscopy)
The fourier transform-based (FT-NIR) spectrometers segment is estimated to hold 80% share of the global NIR spectroscopy market in the coming years owing to the growing chemical sector. As a result, the need for spectroscopic analysis has increased in the sector. FT-NIR spectrometers are used for non-destructive quantitative analysis and to identify chemicals, substances in a test sample, and monitoring chemical reactions. According to estimates, more than USD 4 trillion dollars in sales were generated by the chemical sector worldwide in 2021.
Type (Benchtop, Portable)
Near-infrared spectroscopy market in the benchtop segment is set to garner a notable share of 75% shortly owing to benefits offered by this type. Benchtop near-infrared devices are cost-effective and easily accessible to users. They can be used across a range of applications which makes them versatile. Besides this, they have a longer lifespan, require minimum space, and less maintenance. Further, they also help in the rapid analysis of samples without causing them any destruction.
Our in-depth analysis of the global NIR spectroscopy market includes the following segments:
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Type |
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Product |
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Application |
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Customize this ReportNear-infrared Spectroscopy Industry- Regional Synopsis
European Market Forecast
Europe industry is estimated to account for largest revenue share of 40% by 2037. Among EU Member States, Germany has the greatest level of current healthcare spending, followed by France, Italy, and Spain. As a result, research institutes in the region may spend more on advanced technologies such as near-infrared spectroscopy devices, which may increase their adoption for several applications. In 2020, Germany's current healthcare spending was the largest among EU member states and was estimated at over USD 470 billion.
North American Market Statistics
The North America near-infrared (NIR) spectroscopy market is estimated to be the second largest, during the forecast timeframe led by growing applications in research activities. Near-infrared reflectance spectroscopy is being applied to a broad range of research in the region to identify the molecular components of various samples for usage in practical applications.
 Spectroscopy Market share.webp)
Companies Dominating the Near-infrared Spectroscopy Landscape
- PerkinElmer Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Thermo Fisher Scientific Inc.
- Bruker
- Oxford Instruments
- Brainbox Ltd.
- Malvern Panalytical Ltd
- Galaxy-Scientific
- ABB
In the News
- PerkinElmer Inc. introduced a new FT-IR liquid food testing platform, the LQA300 system to identify key quality markers in wine and detect important quality indicators, including levels of alcohol, sugar, acidity, pH, and density, at each stage of the wine-making process.
- Thermo Fisher Scientific Inc. acquired MarqMetrix, a pioneer in Raman spectroscopy-based compositional analysis to provide a valuable addition to Raman-based in-line PAT and expand the market-leading portfolio of analytical solutions.
Author Credits: Abhishek Verma
- Report ID: 5141
- Published Date: Apr 23, 2025
- Report Format: PDF, PPT
