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A recent report published by Infinium Global Research on Raman spectroscopy market provides in-depth analysis of segments and sub-segments in the global as well as regional Raman spectroscopy market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional Raman spectroscopy market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global Raman spectroscopy market.
Raman spectroscopy is nothing but a non-destructive method of chemical examination that offers thorough details on chemical structure, phase and polymorphy, crystallinity, and molecular interactions. It is based on how light interacts with chemical interactions in a substance. Primarily it is used in chemistry to identify molecules and study chemical bonding and intramolecular bonds. In industrial applications, Raman spectroscopy is a proven analytical technology in different industry verticals such as pharmaceutical, bioprocessing, chemical, and food applications. The regularly used laser wavelength is 785 nm which is able to offer low fluorescence whilst retaining relatively high Raman intensity.
Increasing demand from pharmaceuticals and biotechnology industries is expected to drive the market growth. As these industries continue to grow and develop new drugs and therapies, there is an increasing demand for analytical tools like Raman spectroscopy that can provide fast, accurate, and non-destructive analysis of samples. Additionally, growing applications in material science are expected to boost market growth. However, a lack of awareness about impending applications is expected to hamper the market growth. Although, the development of food safety testing is expected to create lucrative growth opportunities for market growth.
North America is expected to dominate the Raman spectroscopy market due to the presence of established firms in the area and sizable investments in R&D activity. With the growing use of Raman spectroscopy in numerous applications, including drug discovery and material science, the United States is anticipated to contribute the most to the growth of the regional market. Because of the increasing need for Raman spectroscopy across numerous industries, including pharmaceuticals, biotechnology, and food & beverages, Europe is expected to have considerable growth in the Raman spectroscopy market. Significant pharmaceutical businesses' presence in the area is also anticipated to fuel the market's expansion.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 786.85 Million |
| Market Size by 2030 | USD 1,497.85 Million |
| Growth Rate from 2023 to 2030 | CAGR of 7.36% |
| Largest Market | North America |
| No. of Pages | 255 |
| Market Drivers |
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| Market Segmentation | By Type, By Sampling Technique, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global Raman spectroscopy market covers segments such as type, sampling technique, and application. On the basis of type, the sub-markets include benchtop, and portable. On the basis of sampling technique, the sub-markets include surface-enhanced raman scattering, tip enhanced raman scattering, and others. On the basis of application, the sub-markets include pharmaceutics, research and development, industrial sector, material science, and others.
The report provides profiles of the companies in the market such as Bruker, Renishaw plc, Horiba Scientific, Rigaku Corporation, TSI, Metrohm AG, Ocean Insight, Agilent Technologies, Inc., Shimadzu Corporation, and SciAps, Inc..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the Raman spectroscopy market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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