Raman Spectroscopy Market by Type, Sampling Technique, Application

Description

List of Tables

[182 Pages Report] The Raman Spectroscopy Market size was estimated at USD 874.55 million in 2023 and expected to reach USD 929.15 million in 2024, at a CAGR 6.35% to reach USD 1,345.85 million by 2030.

Raman spectroscopy is an analytical method that detects rotational, vibrational, and other low-frequency modes within a system. This method is predicated on the inelastic scatter, known as Raman scattering, of monochromatic light, typically sourced from a laser operating within the visible spectrum, near-infrared, or near-ultraviolet regions. Prevalently utilized in chemistry, Raman spectroscopy offers a unique structural signature, allowing for the precise identification of molecular entities. The rise in drug development, polymorph screening, and the need for quality control are expanding the use of Raman spectroscopy in the end-use industries. The applications of Raman spectroscopy are increasing for detecting contaminants and hazardous materials. However, the high cost of Raman spectroscopy systems limits widespread adoption by the end-use sectors. Moreover, advancements in Raman devices, such as increased portability and improved sensitivity, are anticipated to propel the growth of the Raman spectroscopy market worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 874.55 million
Estimated Year [2024]	USD 929.15 million
Forecast Year [2030]	USD 1,345.85 million
CAGR (%)	6.35%

Type: Fourier transform raman spectroscopy (FT-Raman) utilized for analysis of molecular vibrations

Fourier transform raman spectroscopy is an advanced type of Raman spectroscopy that uses a near-infrared excitation source, an Nd: YAG laser, operating around 1064 nm to induce Raman scattering. Employing longer wavelengths significantly reduces the fluorescence interference commonly afflicted by conventional Raman spectroscopy. FT-Raman is especially beneficial for studying biological samples, polymers, and inorganic materials. The technique uses the Fourier Transform process to convert the temporal information into a frequency domain, providing high spectral resolution and faster data acquisition compared to dispersive Raman systems. Raman Microspectroscopy involves integrating a Raman spectrometer with a microscope to allow for high-resolution imaging and Raman analysis of microscopic samples. This technique can characterize material properties at the microscale by focusing a laser onto a tiny sample area and collecting the scattered light through the microscope optics. It is highly suited for analyzing individual particles, small contaminants, or features within complex materials such as cells, tissues, and semiconductor devices. This allows for precise chemical identification and spatial distribution analysis at the microscopic level. Resonance Raman Spectroscopy is a specialized variant of Raman spectroscopy in which the laser light has a frequency near or within the electronic absorption band of the analyzed molecule. Under resonance conditions, the Raman scattering cross-section is enhanced, leading to stronger Raman signals from the species in resonance. This highly sensitive method is used to study molecules with chromophores or investigate molecular systems' electronic structure and dynamics. Resonance Raman Spectroscopy is particularly useful in examining dyes, pigments, and biological molecules such as heme-containing proteins. Spatially Offset Raman Spectroscopy is an innovative Raman technique designed to collect Raman spectra from beneath the surface of an opaque or turbid material. SORS uses spatially offset detection, where the collection point of the scattered light is offset from the laser illumination point. This geometry allows the detection of Raman photons scattered multiple times within the sample, providing access to subsurface layers. SORS is particularly beneficial for non-destructive testing, screening of packaged goods, and biomedical applications where it is necessary to obtain information from below the surface of a specimen.

Sampling Technique: Significant utilization of surface-enhanced raman scattering sampling technique

Surface-enhanced raman scattering, or SERS, is a sophisticated analytical technique that significantly augments the Raman scattering signal of molecules that are adsorbed on rough metal surfaces or nanoparticles, silver, gold, or copper. The enhancement factor can be up to 106 to 1015, which enables the detection of species at low concentrations that would otherwise be undetectable with conventional Raman spectroscopy. This technique is widely used in diverse fields, including chemistry, materials science, and biotechnology, for applications ranging from identifying and quantifying chemical and biological molecules to studying reaction mechanisms and surface adsorption processes. Tip-Enhanced Raman Scattering (TERS), is a powerful extension of Raman spectroscopy that combines the spatial resolution of scanning probe microscopy (SPM) with the spectroscopic capabilities of Raman spectroscopy. A sharp metallic tip, often coated with gold or silver, is brought into close proximity to the sample. When irradiated with a laser, the tip acts as an antenna for localized surface plasmon, amplifying the Raman signal of the sample immediately beneath it.

Application: High adoption of Raman spectroscopy in materials science

Raman spectroscopy is pivotal in studying carbon-based materials, including graphene, carbon nanotubes, and fullerenes. Its ability to provide detailed information on the vibrational modes of carbon atoms makes it an essential tool for characterizing the structure, quality, and electron-phonon interaction within these materials. In life sciences, Raman spectroscopy studies biological molecules such as DNA, RNA, proteins, and lipids. It enables non-destructive, label-free analysis and imaging of cells and tissues, helping identify molecular changes associated with diseases such as cancer. Raman systems are being integrated into clinical workflows for diagnostics and monitoring, as they provide rapid and detailed biochemical data with minimal sample preparation. The field of materials science benefits greatly from the application of Raman spectroscopy as it allows for the characterization of a vast array of materials, including polymers, ceramics, and composites. Raman spectroscopy is a pharmaceutical industry cornerstone for qualitative and quantitative analyses. It aids in the discovery, development, and manufacturing processes, offering rapid identification and verification of drugs. Raman spectroscopy is essential for characterizing semiconductor materials and devices in the semiconductor industry. It provides insights into lattice structure, defects, impurities, and dopant concentrations, all critical to the device's performance.

Regional Insights

The Raman spectroscopy market is evolving in the Americas owing to the advanced research infrastructure, substantial investments in R&D, and a robust industrial sector. The prevalence of strict pharmaceutical regulations also necessitates quality control measures where Raman spectroscopy is utilized. Technology giants and startups in the Americas invest in Raman technology to incorporate it into various applications, such as material science and biotechnology. In the EU, Raman spectroscopy is driven by stringent regulations in the pharmaceutical, cosmetic, and food industries, which require reliable QC methodologies. The EU prefers sophisticated instrumentation, with customers inclined towards automated and integrated Raman systems. The Middle Eastern Raman spectroscopy market is emerging, with growth driven by the oil and gas sector's need for effective analytical tools. Africa showcases a market with untapped potential, primarily driven by the mining industry and increased investment in education and research. APAC's fast-growing industrial sector, substantial investment in research and development, and government support for high-tech industries make it a growing market for Raman spectroscopy in the Asia Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Raman Spectroscopy Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Raman Spectroscopy Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Raman Spectroscopy Market, highlighting leading vendors and their innovative profiles. These include Agilent Technologies Inc., Angstrom Advanced Inc., Anton Paar GmbH, Avantes BV, Bruker Corporation, Endress+Hauser Group Services AG, Enhanced Spectrometry Inc., Foster + Freeman Ltd., Hamamatsu Photonics K.K., Horiba Ltd., Jasco Europe S.R.L., Malvern Panalytical Ltd, Metrohm AG, Mettler-Toledo International Inc., Ocean Optics, Inc., Optosky Company, Ostec Corporate Group, Oxford Instruments PLC, PerkinElmer Inc., Renishaw PLC, Rigaku Corporation, Serstech AB, SOLAR LS, STANDA LTD, StellarNet, Inc., Techcomp Scientific, Teledyne Digital Imaging US, Inc., Thermo Fisher Scientific Inc., Timegate Instruments Ltd., and Tornado Spectral Systems Inc..

Market Segmentation & Coverage

This research report categorizes the Raman Spectroscopy Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Fourier Transform Raman Spectroscopy
- Raman Microspectroscopy
- Resonance Raman Spectroscopy
- Spatially Offset Raman Spectroscopy

Sampling Technique
- Surface-enhanced Raman Scattering
- Tip-enhanced Raman Scattering

Application
- Carbon Material
- Life Science
- Materials Science
- Pharmaceutical
- Semiconductor

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Raman Spectroscopy Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Raman Spectroscopy Market?

3. What are the technology trends and regulatory frameworks in the Raman Spectroscopy Market?

4. What is the market share of the leading vendors in the Raman Spectroscopy Market?

5. Which modes and strategic moves are suitable for entering the Raman Spectroscopy Market?

Product Code: MRR-8201ABF218AE

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing investments in drug development and cosmetic product design projects
  - 5.1.1.2. High use in rising number of semiconductor manufacturing for silicon wafer testing
  - 5.1.1.3. Exponential potential of Raman spectroscopy for study of geological materials
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with installation of Raman spectroscopy solutions
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing R&D to improve the applicability and performance of Raman spectroscopy
  - 5.1.3.2. Introduction of 3D-printable low-cost and modular Raman spectroscopy
- 5.1.4. Challenges
  - 5.1.4.1. Operational limitations and strict quality and use standards of Raman spectroscopy
5.2. Market Segmentation Analysis
- 5.2.1. Type: Fourier transform raman spectroscopy (FT-Raman) utilized for analysis of molecular vibrations
- 5.2.2. Sampling Technique: Significant utilization of surface-enhanced raman scattering sampling technique
- 5.2.3. Application: High adoption of Raman spectroscopy in materials science
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Raman Spectroscopy Market, by Type

6.1. Introduction
6.2. Fourier Transform Raman Spectroscopy
6.3. Raman Microspectroscopy
6.4. Resonance Raman Spectroscopy
6.5. Spatially Offset Raman Spectroscopy

7. Raman Spectroscopy Market, by Sampling Technique

7.1. Introduction
7.2. Surface-enhanced Raman Scattering
7.3. Tip-enhanced Raman Scattering

8. Raman Spectroscopy Market, by Application

8.1. Introduction
8.2. Carbon Material
8.3. Life Science
8.4. Materials Science
8.5. Pharmaceutical
8.6. Semiconductor

9. Americas Raman Spectroscopy Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Raman Spectroscopy Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Raman Spectroscopy Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Horiba Adds to Raman Portfolio with Process Instruments Acquisition
- 12.3.2. Thermo Fisher Scientific Completes Acquisition of MarqMetrix
- 12.3.3. Thermo Fisher Scientific Launches User-Friendly Raman Spectroscopic Analyzer
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio