The NIR And Raman Spectroscopy Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the NIR And Raman Spectroscopy Market?
The market size of nir and raman spectroscopy has experienced significant growth recently. The market size is projected to increase from $1.78 billion in 2024 to $2.05 billion in 2025, with a compound annual growth rate (CAGR) of 15.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the NIR And Raman Spectroscopy Industry?
The NIR and Raman spectroscopy global market is predicted to reach a valuation of $3.56 billion in 2029, growing at a compound annual growth rate (CAGR) of 14.8%.
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What are the Key Growth Drivers Fueling the NIR And Raman Spectroscopy Market?
The key drivers in the nir and raman spectroscopy market are:
• Growing demand in clinical diagnostics
• Rising adoption of process analytical technology
• Increasing integration with artificial intelligence
• Expansion of the biotechnology and life sciences sector
Global Market Segmentation: Identifying Major NIR And Raman Spectroscopy Industry Segments
The NIR and raman spectroscopy market covered in this report is segmented –
1) By Product Type: Benchtop Spectrometers, Portable or Handheld Spectrometers, Microscopy Systems, Probes and Accessories
2) By Technology: Near-Infrared (NIR) Spectroscopy, Raman Spectroscopy
3) By Application: Pharmaceutical Applications, Biotechnology and Biopharmaceutical Applications, Food and Beverage Testing, Environment Testing, Academic Research, Other Applications
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What are the Emerging Trends Shaping the Future of the NIR And Raman Spectroscopy Market?
The key trends in the nir and raman spectroscopy market are:
• The market will benefit from the introduction of miniaturized spectroscopy devices.
• Integrating advancements in data analytics is becoming more common.
• Portable and handheld systems are becoming more innovative.
• Hybrid spectroscopy technologies are gaining popularity and expected to shape the future market.
Who Are the Top Competitors & Leading Players in the NIR And Raman Spectroscopy Market?
Major players in the nir and raman spectroscopy market are:
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• ABB Ltd.
• Merck KGaA
• Agilent Technologies Inc.
• PerkinElmer Inc.
• Shimadzu Corporation
• Bruker Corporation
• Horiba Ltd.
• Renishaw plc
• Metrohm AG
• JASCO Corporation
• Spectral Sciences Inc.
• Tornado Spectral Systems Inc.
• BaySpec Inc.
• Cubert GmbH
• Photothermal Spectroscopy Corp.
• Pendar Technologies LLC
• Photon etc. Inc.
• TimeGate Instruments Ltd.
Regional Dominance: Which Area Leads the Global NIR And Raman Spectroscopy Market?
Asia-Pacific was the largest region in the NIR and raman spectroscopy market in 2024
