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The near-infrared (NIR) spectroscopy market size is estimated to increase by USD 698.9 million at a CAGR of 13.59% between 2023 and 2028. Market expansion hinges on escalating food safety concerns, broader utilization of non-invasive methodologies across sectors, and the expanding application of NIRS in medical diagnosis. These factors drive demand for Near-Infrared Spectroscopy (NIRS) technologies. However, challenges persist, including the elevated expenses associated with NIRS devices, the heightened risk of calibration inaccuracies, and the growing stringency of regulatory requirements for NIRS implementation. Despite these obstacles, the benefits of NIRS, such as rapid and accurate analysis, continue to propel its adoption. To address challenges, manufacturers are innovating to reduce device costs and enhance calibration accuracy. Regulatory bodies are also working to establish clear guidelines for NIRS usage, ensuring its reliability and safety. As food safety concerns intensify and the need for non-invasive diagnostics grows, the NIRS market is poised for continued expansion.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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