The global near-infrared spectroscopy market size is expected to reach USD 1,132.85 million by 2030, according to a new study by Polaris Market Research. The report “Near-infrared Spectroscopy Market Share, Size, Trends, Industry Analysis Report, By Product (Dispersive Infrared Spectroscopy, Fourier Transform Based (FT-NIR) Spectrometers); By Type; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The demand for quality control in many industries is one of the factors driving the growth of the near-infrared (NIR) spectrometer market. The food industry, pharmaceutical industry, and polymer markets have all been affected by the potential of NIR technology to give a precise analysis of product attributes at faster rates with reduced time consumption.
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This aids the company in achieving international standards while delivering high-quality products on time. Moreover, throughout the duration of the forthcoming years, this market is expected to be influenced by improved economic conditions and increased disposable income.
The COVID-19 outbreak had a positive impact on pharmaceutical sector. The growth rate, however, is expected to be adversely affected by changes in the chemical, food and beverage, electronics, and semiconductor industries. NIR spectrometry, which is used to determine the efficacy of COVID-19 vaccines, has seen an increase in demand as a result of the COVID-19 pandemic. The researchers indicated that it was a rapid and effective way to authenticate COVID-19 vaccinations in the study after showing that NIR spectrometry could be utilized to evaluate the COVID-19 vaccine.
Near-infrared Spectroscopy Market Report Highlights
Polaris Market Research has segmented the Near-infrared Spectroscopy Market report based on, Product, type, application, and region:
Near-infrared Spectroscopy, Product Outlook (Revenue - USD Million, 2018 - 2030)
Near-infrared Spectroscopy, Type Outlook (Revenue - USD Million, 2018 - 2030)
Near-infrared Spectroscopy, Application Outlook (Revenue - USD Million, 2018 - 2030)
Near-infrared Spectroscopy, Regional Outlook (Revenue - USD Million, 2018 - 2030)