PR-NIR Spectroscopy Market

1. Analysis of Near-infrared (NIR) Spectroscopy Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~7% During 2023-2035 and Attain ~USD 3 Billion by 2035 Research Nester assesses the growth and market size of global near- infrared (NIR) spectroscopy market which is anticipated to be on account of the growing usage in semiconductors and growing concern for food safety. New York – August 02, 2023 - Research Nester’s recent market research analysis on “Near-infrared (NIR) Spectroscopy Market: Global Demand Analysis & Opportunity Outlook 2035”delivers a detailed competitors analysis and a detailed overview of the global near-infrared (NIR) spectroscopy market in terms of market segmentation by type, product, application, and by region. Growing Cases of Cancer to Promote Global Market Share of Near-infrared (NIR) Spectroscopy The global near-infrared (NIR) spectroscopy market is estimated to grow majorly on account of the increasing prevalence of cancer. With age, the risk of cancer rapidly increases, and longer lifespans are the primary factor contributing to the overall increase in cancer risk. This may increase the demand for near-infrared (NIR) spectroscopy. Moreover, Cancer can be identified with near-infrared (NIR) spectroscopy. For instance, Near- infrared photoimmunotherapy (NIR-PIT) is a recently created, highly- selective cancer treatment that selectively kills cancer cells by systemically injecting an antibody-photo absorber conjugate (APC). In 2020, there were over 18 million cases of cancer worldwide, and by 2040, it is anticipated that there will be more than 26 million new instances of cancer annually.

2. Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-5141 The global near-infrared (NIR) spectroscopy market is estimated to grow majorly on account of the increasing water pollution. This has significantly driven market growth. Near- infrared (NIR) spectroscopy in combination with chemometrics is a high ly developed technology for the quick detection of water contamination. For instance, around the world, more than 1 million tonnes of sewage, industrial, and agricultural waste are dumped into the ocean each day. Some of the major growth factors and challenges that are associated with the growth of the global near-infrared (NIR) spectroscopy market are: Growth Drivers: •Surge in Popularity of Minimally Invasive Procedures Globally •Rising Demand in Pharmaceuticals Challenges: The high cost of NIR devices, and the regulatory compliance are some of the major factors anticipated to hamper the global market size of near- infrared (NIR) spectroscopy. To meet the unique requirement of different industries NIR devices with specialized features are customized, which as a result increases the cost of the instrument. By product, the global near-infrared (NIR) spectroscopy market is segmented into dispersive infrared spectroscopy, fourier transform-based (FT-NIR) spectrometers. The dispersive infrared spectroscopy segment is to garner a second largest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The growth can be attributed to growing applications in agriculture. The dispersive infrared

3. spectroscopy is often used in agriculture for analyzing grains and grain products. In addition, by type the global near-infrared (NIR) spectroscopy market is segmented into benchtop, and portable. Out of which the portable segment is expected to grow at a fastest rate owing to the benefits provided such as real-time monitoring. Portable near-infrared (NIR) spectrometers can be used for several applications such as pharmaceutical research where real-time monitoring is required. Besides this, Portable NIR spectrometers offer several other benefits, including on-site analysis, minimal sample volumes, and cheap maintenance costs. Request for customization @ https://www.researchnester.com/customized-reports-5141 By region, the Europe near-infrared (NIR) spectroscopy market is to generate the highest revenue by the end of 2035. This growth is anticipated by growing focus on sustainability. The EU is increasingly investing in sustainable growth and encourages governments, institutions, and citizens to take action that brings benefits to society at large. This may increase the demand for near-infrared (NIR) spectroscopy in the region since it can identify plastic garbage and turn it into a renewable resource, which lowers waste and pollution. In addition, the market in North America is estimated to hold the second largest share on the back of growing demand for feedstocks as the people in the region are dependent on animal products for their food. The feedstock material can be non-destructively characterized using near- infrared spectroscopy, to help the farmers optimize feed formulations, and support the demand for animal products.

4. Further, the Asia Pacific market may witness notable significant demand owing to rising demand for petrochemical. As a result, the demand for near-infrared (NIR) spectrometers may increase since it primarily monitors the overtone and combination bands of the C–H stretches in the petrochemical sector and has proven to be an affordable, and time- effective method for monitoring, and screening the quality of petrochemical product. By 2040, India's need for petrochemicals is anticipated to exceed USD 0.5 trillion. This report also provides the existing competitive scenario of some of the key players of the global near-infrared (NIR) spectroscopy market which includes company profiling of Brainbox Ltd., Malvern Panalytical Ltd, Galaxy-Scientific, ABB, Metrohm AG, KPM Analytics Inc., Shimadzu Corporation, Bruker Japan K.K., and others. Access our detailed report at: https://www.researchnester.com/reports/near-infrared-nir- spectroscopy-market/5141 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com

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