GLOBAL RAMAN SPECTROSCOPY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Raman spectroscopy is a powerful analytical technique that provides information about molecular structures and chemical compositions of various substances. It is based on the principle of inelastic scattering of light, where a sample is illuminated with a laser and the scattered light is analyzed for the shifts in energy corresponding to different vibrational modes of the molecules. This allows researchers to identify and characterize chemical compounds present in a sample.

Raman spectroscopy has gained significant popularity in several industries including pharmaceuticals, biotechnology, food and beverages, forensic science, and materials science. Its non-destructive nature and ability to provide detailed molecular information makes it a valuable tool for quality control, research and development, and process monitoring purposes.

Market Dynamics:

Global Raman spectroscopy market is expected to witness substantial growth over the forecast period. Increasing demand for advanced analytical techniques in various industries is a major driver for market growth. Raman spectroscopy offers several advantages over traditional analytical techniques, such as its ability to analyze samples without any sample preparation, high sensitivity, and rapid analysis time. These factors are fuelling the adoption of raman spectroscopy across various industries.

However, the high cost of Raman spectroscopy instruments and the complexity of data interpretation are key challenges hindering market growth. The initial investment required for Raman spectroscopy instruments and the need for skilled operators to interpret and analyze the data limits its widespread adoption, especially in small and medium-sized enterprises.

Despite these challenges, the market offers significant growth opportunities. Increasing focus on research and development activities in the pharmaceutical and biotechnology industries, coupled with growing demand for advanced analytical techniques in emerging economies, are expected to drive market growth. Advancements in technology, such as the development of portable and handheld Raman spectroscopy devices, are further expected to expand the market penetration.

For instance, in February 2020, Sartorius AG, a leading biopharmaceutical industry, introduced BioPAT Spectro, a Quality by Design (QbD) tool for use with its ambr automated micro and mini bioreactor systems and with the single-use production bioreactors BIOSTAT STR. The new tool offers access to Raman spectroscopy analysis in high throughput process development, supporting faster Raman model building and accelerating scale-up into commercial manufacturing.

Key Features of the Study:

• This report provides in-depth analysis of the global Raman spectroscopy market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• Key companies covered as a part of this study include Thermo Fisher Scientific Inc., Merck KGaA, HORIBA Scientific, Nikalyte Ltd., Bruker, Renishaw plc, Jasco Inc., Shimadzu Corporation, Kaiser Optical Systems, Inc., PerkinElmer Inc., JEOL Ltd., Agilent Technologies, Inc., Anton Paar GmbH, Metrohm AG, RP Photonics AG, TechnoS Instruments, INDIA, Agiltron Inc., Ibsen Photonics, and Sartorius AG
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global Raman spectroscopy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Raman spectroscopy market

Detailed Segmentation:

• By Technology
• • Micro Raman Spectroscopy
  • Probe based Raman Spectroscopy
  • FT Raman Spectroscopy
  • Others
• By Application
• • Life Sciences
  • Material Sciences
  • Carbon Materials
  • Semiconductors
  • Others
• By End User
• • Academic & Research Institutes
  • Pharmaceutical & Biotechnology Companies
  • Hospitals & Clinics
  • Other End Users
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top companies in Global Raman Spectroscopy Market:
• • Thermo Fisher Scientific Inc.
  • Merck KGaA
  • HORIBA Scientific
  • Nikalyte Ltd.
  • Bruker
  • Renishaw plc
  • Jasco Inc.
  • Shimadzu Corporation
  • Kaiser Optical Systems, Inc.
  • PerkinElmer Inc.
  • JEOL Ltd
  • Agilent Technologies, Inc.
  • Anton Paar GmbH
  • Metrohm AG
  • RP Photonics AG
  • TechnoS Instruments, INDIA
  • Agiltron Inc.
  • Ibsen Photonics
  • Sartorius AG