Market Overview

Global Near-infrared Spectroscopy Market 2018-2022 | Rising Food Safety Concerns to Boost Demand | Technavio

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The global near-infrared spectroscopy market 2018-2022 is expected to
post a CAGR of more than 9% during the forecast period, according to the
latest market research report by Technavio.

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Technavio has published a new market research report on the global near-infrared spectroscopy market ...

Technavio has published a new market research report on the global near-infrared spectroscopy market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rising food safety
concerns. The food and beverage industry are continuously testing food
quality to maintain food safety levels. The properties of fruits and
vegetables, such as soluble solids, acidity, water content, DM, and
firmness, are measured for the assessment of fiber, protein, and fat
content. The food and beverage industry use NIRS to detect food quality
because of advantages such as high speed of measurement, no requirement
of sample preparation, no change in food properties, lack of substance
pollution, and low cost. It is mainly used to analyze the fermentation,
flavors, and fragrances of food products.

This market research report on the global
near-infrared spectroscopy market 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

In this report, Technavio highlights the integration of cloud computing
techniques with NIRS as one of the key emerging trends in the global
near-infrared spectroscopy market:

Global near-infrared spectroscopy market:
Integration of cloud computing techniques with NIRS

Cloud computing is a growing trend for NIRS devices connected to the
internet. For instance, the SCiO solution by Consumer Physics is a
customized spectroscopy solution for real-time analysis of samples using
the SCiO sensor and the SCiO Cloud. The SCiO Cloud stores the material
databases, chemometric models, and algorithms to process the scan
materials, which can also be received and sent to cloud using the SCiO
mobile app. Such technological advances help industries implement
solutions for instant material analysis, thereby speeding up the
business process.

"NIRS devices with cloud hosts will enable users to adopt
spectroscopy devices with cloud computing features to store large
amounts of analyzed data on the cloud and eliminate the risk of loss of
data,"
says a senior analyst at Technavio for research on life
science research tools.

Global near-infrared spectroscopy market:
Segmentation analysis

This market research report segments the global near-infrared
spectroscopy market by end-user (pharmaceutical and biomedical industry,
food and beverage industry, and other industry), by product (benchtop
and portable) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of around 50%,
followed by EMEA and APAC respectively. The major driving factor for the
region was the shift to preventive and personalized healthcare aided by
the availability of efficient diagnostic procedures, which increases the
need for analytical instruments such as NIRS devices.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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