Near Infrared Spectroscopy Market has recently added a report  to 2027 to its repository, which comprises of data relating to the market size, share, value, and volume, production processes, revenue generation, the regional analysis of the business vertical, along with the outcomes of analytical tools including, SWOT analysis and Porter’s Five Forces analysis. The report highlights the growth opportunities and challenges that industry players might encounter in the forecast years, along with an elaborate competitive landscape and expansion strategies adopted by the companies functioning in the Keyword Market.

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Key players in the market include Agilent Technologies, PerkinElmer, Thermo Fisher Scientific Inc., Bruker Corp., Hitachi Ltd., Shimadzu Corporation, Carl Zeiss AG, JASCO International Co., Ltd., Horiba Ltd., and Lumex Instruments.

Contaminated food is a major cause of concern and application of near infrared spectroscopy to test the quality of food is driving growth of the near infrared spectroscopy market revenue.Near infrared spectroscopy is among the most widely used analytical techniques in control of food and quality testing.

Contamination of food is the most common cause of concerns globally. According to the World Health Organization, there are approximately 200 types of diseases as a result of consumption of contaminated food every year. It is also estimated that more than 600 million people fall ill from intake of unsafe food and approximately 420,000 die every year due to the same

The current COVID-19 pandemic is expected to have an effect on the growth of the Smart Vision Sensors industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Smart Vision Sensors sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Smart Vision Sensors industry.

Near infrared spectroscopy is an accurate and non-destructive detection method with potential for quality control of seeds and safety assessment, which drives its demand in agricultural industry. However, high cost of near infrared spectroscopy devices and lack of awareness are some factors hindering market growth.

Near infrared spectroscopy is used in medicine to provide information about oxygen saturation of hemoglobin within microcirculation. It can be used to assess microvascular and oxygenation function in brain or in peripheral tissues. Near infrared spectroscopy is also used in pediatric critical care to manage patients after cardiac surgery. The technology is more likely to be suggested for patients due to its non-invasive, painless process, and it helps critical care physicians with an estimate of cardiac output.

Near infrared spectroscopy market in North America accounted for largest market share in the global market in 2020, which can be attributed to rapid adoption of advanced technologies, increasing investment in innovative spectroscopy modalities, and high healthcare expenditure in countries in the region. In addition, rising prevalence of chronic diseases and presence of leading providers of near infrared spectroscopy systems in countries in the region are other factors driving market growth.

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The report further studies the latest technological and product developments of the regions and offers key insights into current and emerging trends. It also studies investment opportunities, consumption and production patterns, supply and demand, consumer demand and behavior, economic growth, macro- and micro-economic growth factors, regulatory framework, government support, and presence of key players in each region. The key regions list comprises of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa along with their market size, market share, and revenue CAGR with key factors influencing the market growth.

Emergen Research has segmented the global near infrared spectroscopy market on the basis of modality, technology, application, and region:

Modality Outlook (Revenue, USD Million; 2018–2028)

• Benchtop
• Portable

Technology Outlook (Revenue, USD Million; 2018–2028)

• Dispersive Infrared Spectroscopy
• Fourier Transform Infrared (FT-IR) Spectroscopy

Application Outlook (Revenue, USD Million; 2018–2028)

• Medical uses
• Astronomical Spectroscopy
• Remote Monitoring
• Agriculture
• Particle Measurement
• Material Science
• Industrial uses
• Others

Regional Outlook (Revenue, USD Million; 2018–2028)

• North America
  1. U.S.
  2. Canada
  3. Mexico
• Europe
  1. Germany
  2. U.K.
  3. France
  4. Spain
  5. BENELUX
  6. Rest of Europe
• Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
• Latin America
  1. Brazil
  2. Rest of LATAM
• Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Israel
  4. Rest Of MEA

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