Global Raman Spectroscopy Market, By Technology, By Application, By End User, By Geography

Description

Global Raman spectroscopy market is expected to be valued at US$ 1.98 Bn by 2030, from US$ 1.18 Bn in 2023, exhibiting a CAGR of 7.7% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 1.18 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	7.70%	2030 Value Projection:	US$ 1.98 Bn

Figure 1. Global Raman Spectroscopy Market Share (%), By Region, 2023

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

Product Code: CMI6463

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing investments in R&D activities
- Restraints
High costs of Raman spectroscopy systems
- Opportunities
Emerging applications in homeland security and forensics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Raman Spectroscopy Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Raman Spectroscopy Market, By Technology, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Micro Raman Spectroscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Probe based Raman Spectroscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
FT Raman Spectroscopy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

6. Global Raman Spectroscopy Market, By Application, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
Life Sciences
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Material Sciences
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Carbon Materials
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Semiconductors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

7. Global Raman Spectroscopy Market, By End User, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019- 2030
- Segment Trends
Academic & Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Pharmaceutical & Biotechnology Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Other End Users
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

8. Global Raman Spectroscopy Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030, (US$ Bn)
South Africa
North Africa
Central Africa

9. Competitive Landscape

Thermo Fisher Scientific Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
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
Analyst Views

10. Section

Research Methodology
About us