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Global Raman Spectroscopy Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Raman Spectroscopy Market, By Type (Bench Top Type, Portable Type), Applications (Pharmaceutics, Research and Development in Academia, Industrial Sector, Life Sciences, Material Sciences,  Carbon Materials, Semiconductors, Others), Sampling Technique (Surface-Enhanced Raman Scattering, Tip-Enhanced Raman Scattering, Other Raman Scattering Techniques), Instruments (Probe-based Raman, Fourier-transform Infrared Raman, Micro-Raman, Others) – Industry Trends and Forecast to 2029.

 

Raman Spectroscopy Market

Market Analysis and Size

A Raman instrument is known to be combine a Raman spectrometer with a standard optical microscope. This device is being widely deployed as they allow high-resolution material imaging and Raman investigation. It has gained immense popularity owing to its simplicity.

The raman spectroscopy market was valued at USD 313.89 million in 2021 and is expected to reach USD 575.00 million by 2029, registering a CAGR of 7.86% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Raman spectroscopy is a spectroscopic technique that is used to observe and measure the wavelength of scattered light. The scattered light in turn is used to measure the vibrational energy modes of a sample. In other words, Raman spectroscopy is based on the interaction of light with chemical bonds in a molecule. Named after an Indian scientist C.V Raman, Raman spectroscopy provides both chemical and structural information/ data such as information about chemical structure and identity, phase and polymorphism, intrinsic stress/strain and contamination and impurity.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to –2014-2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Bench Top Type, Portable Type), Applications (Pharmaceutics, Research and Development in Academia, Industrial Sector, Life Sciences, Material Sciences,  Carbon Materials, Semiconductors, Others), Sampling Technique (Surface-Enhanced Raman Scattering, Tip-Enhanced Raman Scattering, Other Raman Scattering Techniques), Instruments (Probe-based Raman, Fourier-transform Infrared Raman, Micro-Raman, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Agilent Technologies, Inc. (US), Anton Paar GmbH (Austria), B&W Tek. (US), Bruker (US), Digilab Inc. (US), Hamamatsu Photonics K.K. (Japan), HORIBA, Ltd. (Japan), JASCO. (Japan), JEOL Ltd. (Japan), Kaiser Optical Systems Inc. (US), Metrohm India Limited (India), Montana Instruments Corporation (US), Coherent, Inc. (US), PerkinElmer Inc (US), Teledyne Princeton Instruments (US), Renishaw plc. (UK), Semrock Inc. (US), and Shimadzu Corporation (Japan), among others

Market Opportunities

  • Rise in demand for cloud-based spectroscopy
  • Surge in demand for process analytical technology (pat) in pharmaceuticals
  • Increased use of raman spectroscopy in various research purposes

Raman Spectroscopy Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Use in Drug Revelation

The high relevance of Raman spectroscopy as a rule progressively implemented at various stages of drug revelation and advancement acts as one of the major factors driving the growth of the raman spectroscopy market.

  • Various Research Activities

The increased use of raman spectroscopy in various research purposes, such as atomic science examination and diagnostics, strong structure screening, measure examination, unrefined substance capability, fake distinguishing proof, preformulation, bioanalysis, plan investigation in late-stage drug advancement, and quality control, among others.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the raman spectroscopy market.

Opportunities

Furthermore, rise in demand for cloud-based spectroscopy extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in demand for process analytical technology (PAT) in pharmaceuticals is will further expand the market.

Restraints/Challenges

On the other hand, high cost associated with the ownership and requirement for highly skilled workforce to keep pace with advancements are expected to obstruct market growth. Also, lack of improvements in spectrometer design is projected to challenge the raman spectroscopy market in the forecast period of 2022-2029.

This raman spectroscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on raman spectroscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Raman Spectroscopy Market

The COVID-19 had a negative impact on raman spectroscopy market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for raman spectroscopy technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the raman spectroscopy market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Raman Spectroscopy Market Scope and Market Size

The raman spectroscopy market is segmented on the basis of type, applications, sampling technique and instruments. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Bench Top Type
  • Portable Type

Applications

  • Pharmaceutics
  • Research and Development in Academia
  • Industrial Sector
  • Life Sciences
  • Material Sciences
  • Carbon Materials
  • Semiconductors
  • Others

Sampling Technique

  • Surface-Enhanced Raman Scattering
  • Tip-Enhanced Raman Scattering
  • Other Raman Scattering Techniques

Instruments

  • Probe-based Raman
  • Fourier-transform Infrared Raman
  • Micro-Raman
  • Others

Raman Spectroscopy Market Regional Analysis/Insights

The raman spectroscopy market is analyzed and market size insights and trends are provided by country, type, applications, sampling technique and instruments as referred above.

The countries covered in the raman spectroscopy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the raman spectroscopy market due to the huge demand to explore oil shale reserves and identify minerals and gasses. Growth and expansion of petroleum and petrochemical industry is another factor fostering the market growth in this region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in demand and application by pharmaceutical and electronics industry.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Raman Spectroscopy Market

The raman spectroscopy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to raman spectroscopy market.

Some of the major players operating in the raman spectroscopy market are

  • Agilent Technologies, Inc. (US)
  • Anton Paar GmbH (Austria)
  • B&W Tek. (US)
  • Bruker (US)
  • Digilab Inc. (US)
  • Hamamatsu Photonics K.K. (Japan)
  • HORIBA, Ltd. (Japan)
  • JASCO. (Japan)
  • JEOL Ltd. (Japan)
  • Kaiser Optical Systems Inc. (US)
  • Metrohm India Limited (India)
  • Montana Instruments Corporation (US)
  • Coherent, Inc. (US)
  • PerkinElmer Inc (US)
  • Teledyne Princeton Instruments (US)
  • Renishaw plc. (UK)
  • Semrock Inc. (US)
  • Shimadzu Corporation (Japan)

Research Methodology: Global Raman Spectroscopy Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

Global Raman Spectroscopy Market segment By Applications such as Pharmaceutics, Research and Development in Academia, Industrial Sector, Life Sciences, Material Sciences,  Carbon Materials, Semiconductors and Others.
The major players covered in the Raman spectroscopy market report are Agilent Technologies, Inc., Ocean Optics, Inc., Anton Paar GmbH, B&W Tek., Bruker, Digilab Inc., Hamamatsu Photonics K.K., HORIBA, Ltd., JASCO., Sinsilapps., JEOL Ltd., Malvern Panalytical Ltd is a Spectris company, Kaiser Optical Systems Inc., Metrohm India Limited, Montana Instruments Corporation, Coherent, Inc., PerkinElmer Inc, Teledyne Princeton Instruments, Renishaw plc., Semrock Inc. and Shimadzu Corporation among other domestic and global players.
The Raman Spectroscopy Market is to grow at a CAGR of 7.86% during the forecast by 2029.
The Raman Spectroscopy Market value is expected USD 575.00 million by 2029.