Near Infrared Spectroscopy Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$579.6

Forecast, 2030 (US$M)

$857.7

CAGR, 2024 - 2030

5.8%

Report Coverage

Worldwide

Global near infrared spectroscopy market, 2018-2030 (US$M)

Related Markets

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No related markets found.

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 segmentation & scope

End Use

OUTPATIENT FACILITIES

RESEARCH & MANUFACTURING

HOME CARE

HOSPITALS

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Canada

U.S.

Germany

France

Italy

Spain

Sweden

Norway

Denmark

China

Japan

India

South Korea

Australia

Thailand

South Africa

Saudi Arabia

UAE

Kuwait

Brazil

Argentina

Mexico

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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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.