Global Near Infrared Spectroscopy Market Size & Outlook
Global near infrared spectroscopy market, 2018-2030 (US$M)
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Global near infrared spectroscopy market highlights
- The global near infrared spectroscopy market generated a revenue of USD 579.6 million in 2023 and is expected to reach USD 857.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.8% by 2030.
- In terms of segment, research & manufacturing accounted for a revenue of USD 247.5 million in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 579.6 million |
| Market revenue in 2030 | USD 857.7 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
Other key industry trends
- In terms of revenue, the North America accounted for 37.0% of the global near infrared spectroscopy market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 2.8 million by 2030.
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Near Infrared Spectroscopy Market Scope
Near Infrared Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global near infrared spectroscopy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to near infrared spectroscopy market will help companies and investors design strategic landscapes.
Research & manufacturing was the largest segment with a revenue share of 42.7% in 2023. Horizon Databook has segmented the Global near infrared spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Near Infrared Spectroscopy End Use Outlook (Revenue, USD Million, 2018-2030)
- OUTPATIENT FACILITIES
- RESEARCH & MANUFACTURING
- HOME CARE
- HOSPITALS
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Our clientele includes a mix of near infrared spectroscopy market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global near infrared spectroscopy market , including forecasts for subscribers. This global databook contains high-level insights into Global near infrared spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Top 10 countries by Near Infrared Spectroscopy Market revenue, 2023 (US$M)
Global near infrared spectroscopy market share, by end use, 2023 & 2030 (%, US$M)
Near infrared spectroscopy market: Opportunity assessment by country
Global near infrared spectroscopy market, by region, 2023 (US$M)
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