The latest and updated research report on the Global Near Infrared Spectrometer (NIR / IR Spectrometer) Market covers a comprehensive overview of the Near Infrared Spectrometer (NIR / IR Spectrometer) market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Near Infrared Spectrometer (NIR / IR Spectrometer) market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Near infrared spectroscopy helps in identifying healthy and infected seeds. It can also classify the degree to which seeds are infected. 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.
Market Dynamics:
The report offers insightful information about the market dynamics of the Near Infrared Spectrometer (NIR / IR Spectrometer) market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Near Infrared Spectrometer (NIR / IR Spectrometer) market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Near Infrared Spectrometer (NIR / IR Spectrometer) market.
Fourier Transform InfraRed (FT-IR) spectrometer is an instrument which acquires broadband near infrared spectra. FT-IR is used in various applications due to its improved sensitivity and speed. Fourier Transform InfraRed spectroscopy is used in chemistry, biology research fields, geology, and materials.
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.
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.
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.
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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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- Israel
- Rest Of MEA
Key questions addressed in the report:
- Who are the leading players dominating the global Near Infrared Spectrometer (NIR / IR Spectrometer) Market?
- Which factors could potentially hamper the global market growth during the forecast period?
- Which regional market offers the most attractive growth opportunities to the companies operating in this market?
- How is the raw material availability affecting the demand for Near Infrared Spectrometer (NIR / IR Spectrometer) in this industry vertical?
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