Near-infrared Spectroscopy Market Share

European Market Forecast

Europe industry is estimated to account for largest revenue share of 40% by 2037. Among EU Member States, Germany has the greatest level of current healthcare spending, followed by France, Italy, and Spain. As a result, research institutes in the region may spend more on advanced technologies such as near-infrared spectroscopy devices, which may increase their adoption for several applications. In 2020, Germany's current healthcare spending was the largest among EU member states and was estimated at over USD 470 billion.

North American Market Statistics

The North America near-infrared (NIR) spectroscopy market is estimated to be the second largest, during the forecast timeframe led by growing applications in research activities. Near-infrared reflectance spectroscopy is being applied to a broad range of research in the region to identify the molecular components of various samples for usage in practical applications.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of triethanolamine is estimated at USD 624.61 million.

The near-infrared spectroscopy market size was over USD 596.91 million in 2024 and is anticipated to cross USD 1.24 billion by 2037, growing at more than 5.8% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for food across the globe and the growing popularity of minimally invasive procedures will boost the market growth.

Europe industry is estimated to account for largest revenue share of 40% by 2037, impelled by growing spending in healthcare sector in the region.

The major players in the market are PerkinElmer Inc., Thermo Fisher Scientific Inc., Bruker, Oxford Instruments, Brainbox Ltd., Malvern Panalytical Ltd, Galaxy-Scientific, ABB

Near-infrared Spectroscopy Market Share