Raman Spectroscopy Market

Raman Spectroscopy Market with COVID-19 Impact Analysis by Instrument (Microscopy Raman, Handheld & Portable Raman), Sampling Technique (Surface Enhanced Raman Scattering), Application (Pharmaceutical, Life Science), and Region - Global Forecast to 2026

Report Code: SE 7974 Sep, 2021, by marketsandmarkets.com

[222 Pages Report] The global Raman spectroscopy market is projected to reach USD 861 million by 2026 from an estimated USD 602 million in 2021, at a CAGR of 7.4% from 2021 to 2026.  The increased focus on drug development in healthcare and rise in adoption of Raman spectroscopy in clinical applications are among the factors driving the growth of the Raman spectroscopy market.

Raman Spectroscopy Market

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COVID-19 Impact on the Global Raman Spectroscopy  Market

The outbreak and the spread of the COVID-19 had a negative effect on the Raman spectroscopy market in 2020, resulting in decreased shipments of Raman spectroscopy. This resulted in the declined revenues generated from them. As a result, a dip was witnessed in the growth trend of the market during the first half of 2020. This trend continued to prevail till the first quarter of 2021. The demand for Raman spectroscopy is expected to surge as the production volume and the demand from pharmaceutical, life science, and material science applications, is expected to increase in the second or third quarter of 2021.

Market Dynamics:

Driver: Increased focus on drug development in healthcare

The analytical techniques offered by Raman spectroscopy are being increasingly implemented at different stages of drug discovery and development. This includes chemical identification, molecular biology research and diagnostics, preformulation, solid form screening, bioanalysis, formulation analytics in late-phase drug development, process analytics, quality control, raw material qualification, and counterfeit identification. Preformulation studies are a vital constituent in the drug development process and the process is performed to understand the physicochemical properties of potential drugs to support formulation development for pre-clinical and clinical studies.

An important step of drug development is solid-form screening, which is implemented with the objective to identify the optimal solid form of the potential drug compound as early as possible. This reduces the complications during later stages of drug development. The lattice vibrations for different solid forms results in unique and characteristic Raman spectra for each of these forms. This makes Raman spectroscopy an important phenomenon in the pharmaceuticals industry. Moreover, Raman spectroscopy has been extensively used for understanding phase transformations such as polymorphic changes, anhydrate − hydrate transitions, and as well as for identifying the mechanisms of co-crystal formation.

One of the principal tasks during drug development is understanding the deterioration profile of the drug in the presence of several excipients under different stress conditions. Various studies proved that Raman spectroscopy is the most sensitive technique in comparison to other spectroscopic techniques to differentiate both the molecular differences of amorphous samples prepared by different methods as well as the differential degradation behavior of differently prepared amorphous samples. For instance, Raman methods such as SERS have been used to study the autoxidation, molecular fragmentation, dimerization, and polymerization of quercetin flavonoids under alkaline conditions in an aqueous solution and on an Ag nanoparticle. Further, the Raman spectroscopy can be used for microstructural characterization of drug delivery systems, as well as to understand drug–excipient interactions in the formulation. The Raman chemical imaging technique is being utilized to determine the size distribution of API microparticles and to determine the API distribution homogeneity in a composite formulated drug. Owing to the increased focus on drug development in the healthcare industry, the demand for Raman spectroscopy is expected to increase during the forecast period. The rising investments in R&D in pharmaceuticals are also expected to drive market growth.

Restraint: High cost of ownership

Even though Raman spectroscopy has so many advantages, it still is not preferred for use in various applications. The main reason is the high cost associated with Raman analyzer systems. Raman analyzers are considerably more expensive when compared to their counterpoints. This is due to the relatively high cost of the excitation laser and detector. Raman systems can be more costly to maintain over time due to laser lifetimes and associated replacement costs. Virtually all analytical Raman systems are Class I laser-safe products. However, Raman spectrometers are both non-destructive and non-contact, and, as a result, do not require the use of consumables or sample preparation, which lowers their overall cost.

Currently, a high-resolution and a high signal-to-noise ratio Raman analyzer ranges from USD 40,000 and above. On the other hand, there is a market need for low-cost Raman analyzer systems as general laboratory tools. However, those systems are usually equipped with low-resolution, low-power visible lasers and low signal-to-noise ratios, which is not adequate to perform any high-performance chemical analysis. Therefore, better-resolution and lower-cost Raman systems are key to increasing and enabling greater acceptance and usage of Raman spectroscopy. Thus, the high cost of ownership is limiting market growth.

Opportunity: Rising demand for cloud-based spectroscopy

The trend of using cloud computing for scientific applications, including scientific workflows, is consolidating gradually. Key attractions of the cloud include the pay-as-you-go model and elasticity. While the elasticity offered by the cloud can be beneficial for many applications and use scenarios, it also imposes significant challenges in the development of applications or services. The use of cloud-based technologies and integrated spectroscopy analysis software is gaining prominence in laboratories. These technologies can connect pieces of hardware, access the latest information to aid in processing large and complex datasets and obtain deeper insights into data, both faster and with more accuracy than ever before.

Cloud-based spectroscopy enables instruments and provide researchers, lab technicians, educators, and students easy access to their data when away from the instrument. Key features of cloud-enabled instruments include accessibility and scalability. Accessibility allows researchers to view, peak-pick, and manipulate spectrometers on different operating systems. Scalability enables researchers to store the data in the cloud and scale the storage as per requirement for their research, and most importantly, provide security to researchers so that they can secure the data through various cloud-based security platforms.

Challenge: Lack of improvements in spectrometer design

Raman spectroscopy has been an area of interest as a potential molecular identification tool since the development of the laser. The primary advantage of Raman measurements over other absorption techniques is that multiple species can be examined simultaneously from a single excitation wavelength, potentially leading to simple and cost-effective solutions. Over the years, the technique has become more widely accessible to a variety of industrial sectors, owing to the improved capability and reduced cost of detectors and lasers. Improved factors such as spectral resolution and spectral range have allowed Raman methods to be used for numerous monitoring solutions, from pharmaceutical quality assurance to the detection of explosives in airports. However, current Raman system designs can be pushed only so far merely by using more advanced components. Spectrometer designs have not undergone radical improvements. As new methods of gathering the Raman spectrum have been developed, it is the design of the spectrometer and not the laser or detector that has become the limiting factor.

The handheld & portable segment held the major share of the Raman spectroscopy market, in 2020.

In 2020, the handheld & portable Raman segment held the largest share of the Raman spectroscopy market, and a similar trend is expected to continue during the forecast period. This growth is attributed to the increasing demand from pharmaceutical, life science, material science applications for quantification of biomolecules, hyperspectral molecular imaging of cells and tissue, medical diagnosis, and precise identification of pharmaceutical raw materials. Technical advancements in handheld and portable Raman spectroscopy instruments have enabled users to perform measurements on the field rather than having to send all the samples to the lab. Therefore, time can be spared for the analysis by performing the first screening of the samples. Handheld and portable Raman spectroscopes are used to identify or verify the components of a sample. For instance, pharmaceutical labs use these instruments to verify the authenticity of drugs and the components used for manufacturing those drugs.

The market for  surface enhanced Raman scattering (SERS) segment is expected to grow at the highest CAGR during the forecast period

The surface enhanced Raman scattering (SERS) segment of the market is projected to record the highest CAGR from 2021 to 2026. The key factor contributing to the growth of this segment is the continuous technological development of nanotechnology and extensive theoretical and experimental research, which have significantly broadened the scope of surface enhanced Raman scattering and increased its demand in the field of pharmaceutical, life science, and material science research. SERS has several advantages over other Raman spectroscopy sampling techniques. Due to the large rise in signal intensity, a wider concentration range can be examined, with detection limits that are much lower than those of normal Raman scattering.

The pharmaceutical application segment of the Raman spectroscopy market is projected to grow at the highest CAGR from 2021 to 2026

The pharmaceutical application segment of the market is projected to record the highest CAGR from 2021 to 2026. The growth of the pharmaceutical segment can be attributed to the surge in the usage of solid-state pharmaceutical products in both industries and academia. Owing to its ability to visualize drugs and excipients distribution in pharmaceutical formulations such as tablets, creams, and ointments, Raman spectroscopy is in great demand in the pharmaceuticals industry. Moreover, spectral analysis of pharmaceuticals using Raman spectroscopy provides some additional benefits, such as selection and optimization of active pharmaceutical ingredients (APIs). Being a scattering technique, Raman spectroscopy does not require a reference light path. Hence, it is compliant with fiber optics and allows for remote sampling. Higher lateral spatial and depth resolution is also attainable by Raman spectroscopy.

Raman Spectroscopy Market by Region

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APAC held the largest share of the Raman spectroscopy market in 2020

APAC is projected to dominate the Raman spectroscopy market during the forecast period. This growth can be attributed to the increasing demand for pharmaceutical, life science, and materials science applications in countries such as China, Japan, South Korea, and India. Moreover, the presence of a large number of pharmaceutical and life science companies and contract manufacturing organizations (CMOs) is also driving the growth of the Raman spectroscopy market in the APAC region. The growth of the market in APAC can be attributed to the active participation of governments in improving healthcare infrastructure, rapid urbanization, rise in the GDP of emerging markets, and support provided by governments and several companies to expand the pharmaceuticals and life sciences industries in developing countries in the region. Additionally, a few of the major drivers for the growth of the market in APAC include the rising investment in research towards cloud-based spectroscopy and the regulatory push to introduce process analytical technologies (PAT). In addition, the ongoing urbanization and increasing investments by global healthcare solution providers to improve healthcare devices and rising focus on drug development in this region are the major factors contributing to the high demand for Raman spectroscopy solutions.

Key Market Players

Thermo Fisher Scientific, Inc. (US); Agilent Technologies, Inc. (US);  Bruker Corporation (US); Mettler-Toledo International, Inc. (Switzerland); Renishaw PLC (UK); Horiba, Ltd. (Japan); Metrohm AG (Switzerland); Kaiser Optical Systems, Inc. (US); Rigaku Corporation (Japan); and PerkinElmer, Inc. (US); are some of the key players in the Raman spectroscopy market.

Scope of the Report

Report Metric

Details

Market Size Availability for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Units

Value (USD)

Segments Covered

By instrument, sampling technique, application, and region

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Thermo Fisher Scientific, Inc. (US); Agilent Technologies, Inc. (US);  Bruker Corporation (US); Mettler-Toledo International, Inc. (Switzerland); Renishaw PLC (UK); Horiba, Ltd. (Japan); Metrohm AG (Switzerland); Kaiser Optical Systems, Inc. (US); Rigaku Corporation (Japan); and PerkinElmer, Inc. (US); are some of the key players in the Raman spectroscopy market.
A total of 25 players are covered.

This research report categorizes the Raman spectroscopy market based on instrument, sampling technique, application, and region

Raman Spectroscopy market: Based on Instrument:

  • Microscopy Raman
  • FT Raman
  • Handheld & Portable Raman
  • Others (Dispersive Raman, Non-dispersive Raman, and Probe Raman)

Based on Sampling Technique:

  • Surface Enhanced Raman Scattering (SERS)
  • Tip Enhanced Raman Scattering (TERS)
  • Others (Transmission Raman, Resonance Raman, Spatially Offset Raman, Stimulated Raman, Hyper Raman, and Polarized Raman)

Based on Application:

  • Pharmaceutical
  • Life Science
  • Materials Science
  • Carbon Material
  • Semiconductor
  • Others (Agriculture, Chemical, Forensic, and Cosmetic)

Based on Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of APAC
  • Rest of the world
    • South America
    • Middle East & Africa

Recent Developments

  • In June 2021, HORIBA Ltd. announced its new CiCi-Raman engine designed for high-volume OEM industrial customers. The CiCi-Raman-785 is a high-performance spectrometer featuring an aberration-corrected concave holographic grating configured with HORIBA Scientific's deep-cooled Syncerity CCD camera with a new VIS-NIR detector, and a round-to-slit fiber converter for high-efficiency collection from a Raman probe.
  • In May 2021, Thermo Fisher Scientific, Inc. introduced the Nexsa G2 surface analysis system, a fully automated x-ray photoelectron spectrometer (XPS) designed to increase productivity and innovation for academic and industrial labs. The Nexsa G2 delivers significant software and hardware improvements that enable researchers to uncover comprehensive surface chemistry insights. It integrates multiple analytical techniques, including a Raman spectroscopy option unique to Nexsa systems, which helps researchers understand the samples they analyze.
  • In October 2020, Renishaw PLC introduced the particle analysis software module for its inVia confocal Raman microscope. The module automates the inVia microscope so that it can identify particles on images and then chemically analyze them using Raman spectroscopy. The inVia Raman system has a high-quality microscope that is ideal for producing optical images of particles on surfaces. These images are used to guide Raman spectroscopy measurements that rapidly give chemically specific, high spatial-resolution information.
  • In July 2020, Metrohm AG introduced MISA, a new, portable instrument for rapid, presumptive testing of foodstuffs at the point of sampling. Smaller than a shoebox, this new solution can be taken anywhere and gives public authorities and retailers the possibility to check all kinds of foodstuffs for notorious adulterants, residues of banned, highly toxic pesticides and herbicides or even illegal growth hormones in a few seconds.
  • In April 2020, Agilent Technologies Inc. introduced the new Agilent Vaya Raman raw material identity verification system. This is a handheld instrument that accelerates quality control testing in the pharmaceuticals and biopharmaceuticals industries.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION & SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 RAMAN SPECTROSCOPY MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
          FIGURE 2 RAMAN SPECTROSCOPY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
    2.2 FACTOR ANALYSIS
          FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF RAMAN SPECTROSCOPY
          FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN RAMAN SPECTROSCOPY MARKET
          FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR RAMAN SPECTROSCOPY IN DIFFERENT APPLICATIONS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for obtaining market share using bottom-up analysis (demand side)
                                FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for obtaining market share using top-down analysis (supply side)
                                FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 8 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.5.1 ASSUMPTIONS
           2.5.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 43)
    3.1 IMPACT OF COVID-19 ON RAMAN SPECTROSCOPY MARKET
          FIGURE 9 GLOBAL PROPAGATION OF COVID-19
          TABLE 1 RECOVERY SCENARIOS FOR GLOBAL ECONOMY
          FIGURE 10 GROWTH PROJECTIONS FOR RAMAN SPECTROSCOPY MARKET IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS
    3.2 REALISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
    3.4 OPTIMISTIC SCENARIO
          FIGURE 11 PRE- AND POST-COVID-19 SCENARIOS OF RAMAN SPECTROSCOPY MARKET
          FIGURE 12 HANDHELD & PORTABLE RAMAN TO HOLD LARGEST SIZE OF RAMAN SPECTROSCOPY MARKET IN 2021
          FIGURE 13 SURFACE ENHANCED RAMAN SCATTERING TO HOLD LARGEST SIZE OF RAMAN SPECTROSCOPY MARKET IN 2021
          FIGURE 14 PHARMACEUTICAL APPLICATION TO WITNESS HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING 2021–2026
          FIGURE 15 APAC WOULD BE FASTEST-GROWING MARKET FOR RAMAN SPECTROSCOPY DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN RAMAN SPECTROSCOPY MARKET
          FIGURE 16 INCREASED FOCUS ON DRUG DEVELOPMENT IN HEALTHCARE TO FUEL RAMAN SPECTROSCOPY MARKET GROWTH DURING FORECAST PERIOD
    4.2 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT
          FIGURE 17 HANDHELD & PORTABLE RAMAN SEGMENT TO CAPTURE LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026
    4.3 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE
          FIGURE 18 SURFACE ENHANCEMENT RAMAN SCATTERING TO CAPTURE LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026
    4.4 RAMAN SPECTROSCOPY MARKET, BY APPLICATION
          FIGURE 19 PHARMACEUTICAL TO ACCOUNT FOR LARGEST SIZE OF RAMAN SPECTROSCOPY MARKET IN 2026
    4.5 RAMAN SPECTROSCOPY MARKET, BY REGION
          FIGURE 20 APAC TO CAPTURE LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET IN 2026
    4.6 RAMAN SPECTROSCOPY MARKET, BY COUNTRY
          FIGURE 21 CHINA TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 22 RAMAN SPECTROSCOPY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increased focus on drug development in healthcare
                                FIGURE 23 INVESTMENTS IN R&D IN PHARMACEUTICALS, 2015–2020 (USD BILLION)
                    5.2.1.2 Rise in adoption of Raman spectroscopy in clinical applications
                    5.2.1.3 Advancement in utilization of Raman spectroscopic techniques for catalysts and catalytic reactions
                                FIGURE 24 RAMAN SPECTROSCOPY MARKET DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of ownership
                    5.2.2.2 Requirement for highly skilled workforce to keep pace with advancements in Raman spectroscopy
                                FIGURE 25 RAMAN SPECTROSCOPY MARKET RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising demand for cloud-based spectroscopy
                    5.2.3.2 Surge in demand for process analytical technology (PAT) in pharmaceuticals
                               FIGURE 26 RAMAN SPECTROSCOPY MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of improvements in spectrometer design
                                FIGURE 27 RAMAN SPECTROSCOPY MARKET CHALLENGES AND THEIR IMPACT
    5.3 SUPPLY CHAIN ANALYSIS
          FIGURE 28 SUPPLY CHAIN OF RAMAN SPECTROSCOPY MARKET
    5.4 TRENDS/DISRUPTIONS IMPACTING BUSINESS OF MARKET PLAYERS AND RAW MATERIAL SUPPLIERS
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR RAMAN SPECTROSCOPY MARKET PLAYERS
                    FIGURE 29 REVENUE SHIFT IN RAMAN SPECTROSCOPY MARKET
    5.5 RAMAN SPECTROSCOPY ECOSYSTEM
          FIGURE 30 ECOSYSTEM OF RAMAN SPECTROSCOPY
          TABLE 2 LIST OF ORIGINAL EQUIPMENT MANUFACTURERS, SUPPLIERS, AND DISTRIBUTORS OF RAMAN SPECTROSCOPY
    5.6 PORTER’S FIVE FORCES ANALYSIS
          TABLE 3 RAMAN SPECTROSCOPY MARKET: PORTER’S FIVE FORCES ANALYSIS
          FIGURE 31 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 CASE STUDY
           5.7.1 DEVELOPMENT OF NEW RAMAN MICRO-SPECTROSCOPY TECHNIQUE THAT COULD IMAGE POLYMER PHASE DISTRIBUTIONS
           5.7.2 RESEARCH AND DEVELOPMENT OF A GROUND-BREAKING BIOSENSOR PLATFORM FOR EARLY-STAGE CANCER DIAGNOSIS
           5.7.3 IMPLEMENTING TRANSMISSION RAMAN SPECTROSCOPY FOR FAST CONTENT UNIFORMITY TESTING
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 COMPLEMENTARY TECHNOLOGY
                    5.8.1.1 Inelastic neutron scattering (INS)
           5.8.2 ADJACENT TECHNOLOGIES
                    5.8.2.1 Fluorescence spectroscopy
                    5.8.2.2 Infrared spectroscopy
    5.9 AVERAGE SELLING PRICE ANALYSIS
          TABLE 4 AVERAGE SELLING PRICES OF RAMAN SPECTROSCOPY
    5.10 TRADE ANALYSIS
           5.10.1 IMPORT SCENARIO
                     TABLE 5 IMPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
           5.10.2 EXPORT SCENARIO
                     TABLE 6 EXPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
    5.11 PATENT ANALYSIS, 2015–2020
           FIGURE 32 PATENTS GRANTED WORLDWIDE FROM 2011 TO 2021
           TABLE 7 TOP 20 PATENT OWNERS FROM 2011 TO 2021
           FIGURE 33 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2011 TO 2021
    5.12 TARIFFS AND REGULATIONS
           5.12.1 TARIFFS
           5.12.2 REGULATORY COMPLIANCE
                    5.12.2.1 Regulations
                    5.12.2.2 Standards

6 TYPES OF RAMAN SPECTROSCOPY (Page No. - 81)
    6.1 INTRODUCTION
          FIGURE 34 TYPES OF RAMAN SPECTROSCOPY
    6.2 BENCHTOP
           6.2.1 BENCHTOP RAMAN SPECTROSCOPY IS WIDELY USED IN FORENSIC, PHARMACEUTICAL, GEMOLOGY, NANOTECHNOLOGY, AND ACADEMIC RESEARCH APPLICATIONS
    6.3 PORTABLE
           6.3.1 PORTABLE RAMAN SPECTROSCOPY ENABLES USERS TO MAKE ON-SPOT DECISIONS
                    TABLE 8 SPECIFICATION COMPARISON BETWEEN BENCHTOP RAMAN SPECTROSCOPY AND PORTABLE RAMAN SPECTROSCOPY

7 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT (Page No. - 84)
    7.1 INTRODUCTION
          FIGURE 35 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT
          FIGURE 36 HANDHELD & PORTABLE RAMAN SEGMENT TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
          TABLE 9 RAMAN SPECTROSCOPY MARKET, BY VALUE AND VOLUME, 2017–2020
          TABLE 10 RAMAN SPECTROSCOPY MARKET, BY VALUE AND VOLUME, 2021–2026
          TABLE 11 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2017–2020 (USD MILLION)
          TABLE 12 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2021–2026 (USD MILLION)
    7.2 MICROSCOPY RAMAN
           7.2.1 MICROSCOPY RAMAN REQUIRES LESS SAMPLE PREPARATION AND CAN EVEN ANALYZE SAMPLES OF LOW CONCENTRATION
    7.3 FT RAMAN
           7.3.1 FT RAMAN SPECTROSCOPY INSTRUMENTS DO NOT REQUIRE ANY SPECIALIZED SAMPLE PRETREATMENT, AND GOOD QUALITY SIGNALS CAN BE COLLECTED VIRTUALLY FROM SAMPLES IN ANY PHYSICAL STATE
    7.4 HANDHELD & PORTABLE RAMAN
           7.4.1 HANDHELD & PORTABLE SEGMENT HELD LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET IN 2020
    7.5 OTHERS
           7.5.1 DISPERSIVE RAMAN
                    TABLE 13 SPECIFICATION COMPARISON BETWEEN FT RAMAN SPECTROSCOPY INSTRUMENTS AND DISPERSIVE RAMAN SPECTROSCOPY INSTRUMENTS
           7.5.2 NON-DISPERSIVE RAMAN
           7.5.3 PROBE RAMAN

8 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE (Page No. - 90)
    8.1 INTRODUCTION
          FIGURE 37 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE
          FIGURE 38 SURFACE ENHANCED RAMAN SCATTERING SEGMENT TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026
          TABLE 14 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE, 2017–2020 (USD MILLION)
          TABLE 15 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE, 2021–2026 (USD MILLION)
    8.2 SURFACE ENHANCED RAMAN SCATTERING
           8.2.1 SERS AMPLIFIES RAMAN SIGNALS FROM MOLECULES BY SEVERAL ORDERS OF MAGNITUDE, ALLOWING THEM TO UNDERGO SCATTERING WITH MUCH HIGHER EFFICIENCIES
    8.3 TIP ENHANCED RAMAN SCATTERING
           8.3.1 UNLIKE OTHER RAMAN TECHNIQUES, TERS IS WELL-SUITED FOR INVESTIGATION OF SAMPLES IN AQUEOUS MEDIUM
    8.4 OTHERS

9 RAMAN SPECTROSCOPY MARKET, BY APPLICATION (Page No. - 95)
    9.1 INTRODUCTION
          FIGURE 39 MARKET SEGMENTATION, BY APPLICATION
          FIGURE 40 PHARMACEUTICAL APPLICATION TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026
          TABLE 16 RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
          TABLE 17 RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    9.2 PHARMACEUTICAL
           9.2.1 RISING USE OF RAMAN SPECTROSCOPY IN SOLID-STATE PHARMACEUTICAL PRODUCTS DRIVING MARKET GROWTH
                    FIGURE 41 APAC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR PHARMACEUTICAL APPLICATION FROM 2021 TO 2026
                    TABLE 18 RAMAN SPECTROSCOPY MARKET FOR PHARMACEUTICAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 19 RAMAN SPECTROSCOPY MARKET FOR PHARMACEUTICAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 20 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 21 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 22 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 23 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 24 RAMAN SPECTROSCOPY MARKET IN APAC FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 25 RAMAN SPECTROSCOPY MARKET IN APAC FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 26 RAMAN SPECTROSCOPY MARKET IN ROW FOR PHARMACEUTICAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 27 RAMAN SPECTROSCOPY MARKET IN ROW FOR PHARMACEUTICAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.3 MATERIALS SCIENCE
           9.3.1 RAMAN SPECTROSCOPY IS ONE OF MOST POWERFUL TECHNIQUES TO EXTRACT PHYSICAL AND CHEMICAL INFORMATION OF MATERIALS
                    TABLE 28 RAMAN SPECTROSCOPY MARKET FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 29 RAMAN SPECTROSCOPY MARKET FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 30 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 31 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 32 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 33 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 34 RAMAN SPECTROSCOPY MARKET IN APAC FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 35 RAMAN SPECTROSCOPY MARKET IN APAC FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 36 RAMAN SPECTROSCOPY MARKET IN ROW FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 37 RAMAN SPECTROSCOPY MARKET IN ROW FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.4 LIFE SCIENCE
           9.4.1 RAMAN SPECTROSCOPY PROVIDES VALUABLE INSIGHTS CHARACTERISTIC SPECTRUM OF DIFFERENT LIFE SCIENCE MATERIALS
                    FIGURE 42 APAC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR LIFE SCIENCE APPLICATION DURING FORECAST PERIOD
                    TABLE 38 RAMAN SPECTROSCOPY MARKET FOR LIFE SCIENCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 39 RAMAN SPECTROSCOPY MARKET FOR LIFE SCIENCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 40 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 41 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 42 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 43 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 44 RAMAN SPECTROSCOPY MARKET IN APAC FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 45 RAMAN SPECTROSCOPY MARKET IN APAC FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 46 RAMAN SPECTROSCOPY MARKET IN ROW FOR LIFE SCIENCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 47 RAMAN SPECTROSCOPY MARKET IN ROW FOR LIFE SCIENCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.5 CARBON MATERIAL
           9.5.1 RAMAN SPECTROSCOPY IS USED TO RESEARCH, DEVELOP, AND CONTROL QUALITY OF CARBON MATERIALS
                    TABLE 48 RAMAN SPECTROSCOPY MARKET FOR CARBON MATERIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 49 RAMAN SPECTROSCOPY MARKET FOR CARBON MATERIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 50 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 51 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 52 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 53 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 54 RAMAN SPECTROSCOPY MARKET IN APAC FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 55 RAMAN SPECTROSCOPY MARKET IN APAC FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 56 RAMAN SPECTROSCOPY MARKET IN ROW FOR CARBON MATERIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 57 RAMAN SPECTROSCOPY MARKET IN ROW FOR CARBON MATERIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.6 SEMICONDUCTOR
           9.6.1 RAMAN SPECTROSCOPY CAN BE USED TO CHARACTERIZE AND GENERATE IMAGES OF ALL SEMICONDUCTORS
                    FIGURE 43 APAC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR SEMICONDUCTOR APPLICATION FROM 2021 TO 2026
                    TABLE 58 RAMAN SPECTROSCOPY MARKET FOR SEMICONDUCTOR APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 59 RAMAN SPECTROSCOPY MARKET FOR SEMICONDUCTOR APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 60 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 61 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 62 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 63 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 64 RAMAN SPECTROSCOPY MARKET IN APAC FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 65 RAMAN SPECTROSCOPY MARKET IN APAC FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 66 RAMAN SPECTROSCOPY MARKET IN ROW FOR SEMICONDUCTOR APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 67 RAMAN SPECTROSCOPY MARKET IN ROW FOR SEMICONDUCTOR APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.7 OTHERS
           9.7.1 OTHER APPLICATIONS OF RAMAN SPECTROSCOPY MARKET INCLUDE AGRICULTURE, CHEMICAL, FORENSIC, AND COSMETIC.
           9.7.2 AGRICULTURE
           9.7.3 CHEMICAL
           9.7.4 FORENSIC
           9.7.5 COSMETIC
                    TABLE 68 RAMAN SPECTROSCOPY MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 69 RAMAN SPECTROSCOPY MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 70 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 71 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 72 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 73 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 74 RAMAN SPECTROSCOPY MARKET IN APAC FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 75 RAMAN SPECTROSCOPY MARKET IN APAC FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 76 RAMAN SPECTROSCOPY MARKET IN ROW FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 77 RAMAN SPECTROSCOPY MARKET IN ROW FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 123)
     10.1 INTRODUCTION
             FIGURE 44 REGIONAL SPLIT OF RAMAN SPECTROSCOPY MARKET
             FIGURE 45 RAMAN SPECTROSCOPY MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 78 RAMAN SPECTROSCOPY MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 79 RAMAN SPECTROSCOPY MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
             FIGURE 46 SNAPSHOT: RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA
             TABLE 80 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 81 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
             FIGURE 47 US TO LEAD RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA THROUGHOUT FORECAST PERIOD
             TABLE 82 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 83 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Prominent presence of Raman spectroscopy manufacturing companies to boost market growth in US
                                      TABLE 84 RAMAN SPECTROSCOPY MARKET IN US, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 85 RAMAN SPECTROSCOPY MARKET IN US, BY APPLICATION, 2021–2026 (USD MILLION)
             10.2.2 CANADA
                        10.2.2.1 Significant investments in R&D by government and non-government organizations to spur market growth in Canada
                                      TABLE 86 RAMAN SPECTROSCOPY MARKET IN CANADA, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 87 RAMAN SPECTROSCOPY MARKET IN CANADA, BY APPLICATION, 2021–2026 (USD MILLION)
             10.2.3 MEXICO
                        10.2.3.1 Increasing investments in healthcare sector in Mexico to propel market growth
                                      TABLE 88 RAMAN SPECTROSCOPY MARKET IN MEXICO, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 89 RAMAN SPECTROSCOPY MARKET IN MEXICO, BY APPLICATION, 2021–2026 (USD MILLION)
     10.3 EUROPE
             FIGURE 48 SNAPSHOT: RAMAN SPECTROSCOPY MARKET IN EUROPE
             TABLE 90 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 91 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
             FIGURE 49 UK IS EXPECTED TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET IN EUROPE DURING FORECAST PERIOD
             TABLE 92 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 93 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Major players in the Raman spectroscopy market are investing in facilitation of R&D centers in UK
                                      TABLE 94 RAMAN SPECTROSCOPY MARKET IN UK, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 95 RAMAN SPECTROSCOPY MARKET IN UK, BY APPLICATION, 2021–2026 (USD MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Surged demand for Raman spectroscopy in life science applications to spur market growth in Germany
                                      TABLE 96 RAMAN SPECTROSCOPY MARKET IN GERMANY, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 97 RAMAN SPECTROSCOPY MARKET IN GERMANY, BY APPLICATION, 2021–2026 (USD MILLION)
             10.3.3 FRANCE
                        10.3.3.1 Presence of numerous laboratories specializing in Raman spectroscopy responsible for market growth in France
                                      TABLE 98 RAMAN SPECTROSCOPY MARKET IN FRANCE, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 99 RAMAN SPECTROSCOPY MARKET IN FRANCE, BY APPLICATION, 2021–2026 (USD MILLION)
             10.3.4 REST OF EUROPE (ROE)
                       TABLE 100 RAMAN SPECTROSCOPY MARKET IN REST OF EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 101 RAMAN SPECTROSCOPY MARKET IN REST OF EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
     10.4 APAC
             FIGURE 50 SNAPSHOT: RAMAN SPECTROSCOPY MARKET IN APAC
             TABLE 102 RAMAN SPECTROSCOPY MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 103 RAMAN SPECTROSCOPY MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
             FIGURE 51 CHINA TO DOMINATE RAMAN SPECTROSCOPY MARKET IN APAC DURING FORECAST PERIOD
             TABLE 104 RAMAN SPECTROSCOPY MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 105 RAMAN SPECTROSCOPY MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 China likely to be fastest-growing market for Raman spectroscopy in APAC
                                      TABLE 106 RAMAN SPECTROSCOPY MARKET IN CHINA, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 107 RAMAN SPECTROSCOPY MARKET IN CHINA, BY APPLICATION, 2021–2026 (USD MILLION)
             10.4.2 JAPAN
                        10.4.2.1 Increasing healthcare expenditure to lead to increased demand for Raman spectroscopy in Japan
                                      TABLE 108 RAMAN SPECTROSCOPY MARKET IN JAPAN, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 109 RAMAN SPECTROSCOPY MARKET IN JAPAN, BY APPLICATION, 2021–2026 (USD MILLION)
             10.4.3 SOUTH KOREA
                        10.4.3.1 Presence of different universities and research institutes that employ Raman spectroscopy to spur market growth in South Korea
                                      TABLE 110 RAMAN SPECTROSCOPY MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 111 RAMAN SPECTROSCOPY MARKET IN SOUTH KOREA, BY APPLICATION, 2021–2026 (USD MILLION)
             10.4.4 INDIA
                        10.4.4.1 Expanding pharmaceuticals industry to fuel growth of Raman spectroscopy market in India
                                      TABLE 112 RAMAN SPECTROSCOPY MARKET IN INDIA, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 113 RAMAN SPECTROSCOPY MARKET IN INDIA, BY APPLICATION, 2021–2026 (USD MILLION)
             10.4.5 REST OF APAC
                       TABLE 114 RAMAN SPECTROSCOPY MARKET IN REST OF APAC, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 115 RAMAN SPECTROSCOPY MARKET IN REST OF APAC, BY APPLICATION, 2021–2026 (USD MILLION)
     10.5 ROW
             TABLE 116 RAMAN SPECTROSCOPY MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 117 RAMAN SPECTROSCOPY MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
             FIGURE 52 MIDDLE EAST & AFRICA TO CAPTURE LARGER SIZE OF RAMAN SPECTROSCOPY MARKET IN 2021
             TABLE 118 RAMAN SPECTROSCOPY MARKET IN ROW, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 119 RAMAN SPECTROSCOPY MARKET IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
             10.5.1 MIDDLE EAST AND AFRICA
                        10.5.1.1 Rising adoption of Raman spectrometers by research institutes, distributors, and universities support market growth in MEA
                                      TABLE 120 RAMAN SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 121 RAMAN SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2021–2026 (USD MILLION)
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Increasing investments in pharmaceutical and life science research creates opportunities for market growth
                                      TABLE 122 RAMAN SPECTROSCOPY MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
                                      TABLE 123 RAMAN SPECTROSCOPY MARKET IN SOUTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
     10.6 COVID-19 IMPACT ON RAMAN SPECTROSCOPY MARKET IN VARIOUS REGIONS
             10.6.1 MOST IMPACTED REGION
                        10.6.1.1 North America
                                      53 IMPACT OF COVID-19 ON RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA
             10.6.2 LEAST IMPACTED REGION
                        10.6.2.1 APAC
                                      FIGURE 54 IMPACT OF COVID-19 ON RAMAN SPECTROSCOPY MARKET IN APAC

11 COMPETITIVE LANDSCAPE (Page No. - 154)
     11.1 OVERVIEW
     11.2 MARKET EVALUATION FRAMEWORK
             TABLE 124 OVERVIEW OF STRATEGIES DEPLOYED BY KEY RAMAN SPECTROSCOPY MANUFACTURING COMPANIES
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC STRATEGIES
     11.3 MARKET SHARE ANALYSIS, 2020
             TABLE 125 RAMAN SPECTROSCOPY MARKET: MARKET SHARE ANALYSIS (2020)
     11.4 5-YEAR COMPANY REVENUE ANALYSIS
             FIGURE 55 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN RAMAN SPECTROSCOPY MARKET, 2016–2020
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 EMERGING LEADER
             11.5.3 PERVASIVE
             11.5.4 PARTICIPANT
                       FIGURE 56 RAMAN SPECTROSCOPY MARKET: COMPANY EVALUATION QUADRANT, 2020
     11.6 COMPANY FOOTPRINT
             TABLE 126 COMPANY FOOTPRINT
             TABLE 127 COMPANY APPLICATION FOOTPRINT
             TABLE 128 COMPANY REGION FOOTPRINT
     11.7 COMPETITIVE SITUATIONS AND TRENDS
             11.7.1 PRODUCT LAUNCHES
                        TABLE 129 PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2021
             11.7.2 DEALS
                        TABLE 130 DEALS, JANUARY 2018–DECEMBER 2021
             11.7.3 OTHERS
                        TABLE 131 INVESTMENTS AND EXPANSION, JANUARY 2018–DECEMBER 2021

12 COMPANY PROFILES (Page No. - 170)
(Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     12.1 KEY PLAYERS
             12.1.1 THERMO FISHER SCIENTIFIC INC.
                        TABLE 132 THERMO FISHER SCIENTIFIC INC.: BUSINESS OVERVIEW
                        FIGURE 57 THERMO FISHER SCIENTIFIC, INC.: COMPANY SNAPSHOT
             12.1.2 AGILENT TECHNOLOGIES, INC.
                        TABLE 133 AGILENT TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        FIGURE 58 AGILENT TECHNOLOGIES, INC.: COMPANY SNAPSHOT
             12.1.3 BRUKER CORPORATION
                        TABLE 134 BRUKER CORPORATION: BUSINESS OVERVIEW
                        FIGURE 59 BRUKER CORPORATION: COMPANY SNAPSHOT
             12.1.4 METTLER-TOLEDO INTERNATIONAL, INC.
                        TABLE 135 METTLER-TOLEDO INTERNATIONAL INC.: BUSINESS OVERVIEW
                        FIGURE 60 METTLER-TOLEDO INTERNATIONAL INC.: COMPANY SNAPSHOT
             12.1.5 RENISHAW PLC
                        TABLE 136 RENISHAW PLC: BUSINESS OVERVIEW
                        FIGURE 61 RENISHAW PLC: COMPANY SNAPSHOT
             12.1.6 HORIBA, LTD.
                        TABLE 137 HORIBA, LTD.: BUSINESS OVERVIEW
                        FIGURE 62 HORIBA LTD.: COMPANY SNAPSHOT
             12.1.7 METROHM AG
                        TABLE 138 METROHM AG: BUSINESS OVERVIEW
             12.1.8 KAISER OPTICAL SYSTEMS, INC.
                        TABLE 139 KAISER OPTICAL SYSTEMS, INC.: BUSINESS OVERVIEW
             12.1.9 RIGAKU CORPORATION
                        TABLE 140 RIGAKU CORPORATION: BUSINESS OVERVIEW
             12.1.10 PERKINELMER, INC.
                        TABLE 141 PERKINELMER, INC.: BUSINESS OVERVIEW
                        FIGURE 63 PERKINELMER, INC.: COMPANY SNAPSHOT
     12.2 OTHER KEY PLAYERS
             12.2.1 ANTON PAAR GMBH
             12.2.2 TORNADO SPECTRAL SYSTEMS, INC.
             12.2.3 WITEC GMBH
             12.2.4 OCEAN INSIGHT
             12.2.5 HAMAMATSU PHOTONICS K.K.
             12.2.6 B&W TEK, INC.
             12.2.7 ENHANCED SPECTROMETRY, INC.
             12.2.8 PHOTON SYSTEMS
             12.2.9 LASER DETECT SYSTEMS
             12.2.10 OSTEC

*Details on Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 216)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the Raman spectroscopy market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the Raman spectroscopy market. Secondary sources considered for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of the Raman spectroscopy ecosystem to identify the key players based on their products, as well as to identify the prevailing industry trends in the Raman spectroscopy market based on instrument, sampling technique, application, and region. It also includes information about the key developments undertaken from both market and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the Raman spectroscopy market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand and supply sides across four major regions: North America, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. This primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Raman Spectroscopy Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the Raman spectroscopy market.

  • Identifying the number of Raman spectroscopy devices shipped at the global level
  • Identifying average selling prices of global Raman spectroscopy
  • Conducting multiple discussion sessions with key opinion leaders to understand different Raman spectroscopy products and their deployment in multiple applications; analyzing the break-up of the work carried out by each key company
  • Verifying and crosschecking estimates at every level with key opinion leaders, including chief executive officers (CEO), directors, and operation managers, and then finally with the domain experts of MarketsandMarkets
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases, for the company- and region-specific developments undertaken in the Raman spectroscopy market

Raman Spectroscopy Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

The top-down approach has been used to estimate and validate the total size of the Raman spectroscopy market.

  • Focusing initially on the top-line investments and expenditures being made in the ecosystem of Raman spectroscopy. Further splitting into instrument, sampling technique, and application, and listing key developments in key market areas
  • Identifying all major players offering a variety of Raman spectroscopy for different instruments, sampling techniques and applications, which has been verified through secondary research and brief discussion with industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications for which Raman spectroscopy is offered by all identified players to estimate and arrive at the percentage splits for all key segments
  • Discussing these splits with the industry experts to validate the information and identifying key growth domains across all key segments
  • Breaking down the total market based on verified splits and key growth domains across all segments

Raman Spectroscopy Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the Raman spectroscopy market.

Report Objectives

  • To describe, segment, and forecast the size of the global Raman spectroscopy market, by instrument, sampling technique, and application, in terms of value
  • To describe and forecast the global Raman spectroscopy market, in terms of volume
  • To describe and forecast the market size across 4 key regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the Raman spectroscopy market
  • To provide a detailed overview of the supply chain pertaining to the Raman spectroscopy ecosystem, along with the average selling prices of Raman spectroscopy instruments
  • To strategically analyze the ecosystem, tariffs and regulations, patent landscape, trade landscape, and case studies pertaining to the market under study
  • To describe the detailed impact of COVID-19 on the market
  • To strategically analyze micromarkets with regards to individual growth trends, prospects, and contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide details regarding the competitive landscape of the market
  • To analyze competitive developments such as product launches, expansions, partnerships, collaborations, contracts, and mergers and acquisitions in the Raman spectroscopy market
  • To strategically profile the key players in the Raman spectroscopy market and comprehensively analyze their market ranking and core competencies

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the Raman spectroscopy supply chain
COVID-19

Get in-depth analysis of the COVID-19 impact on the Raman Spectroscopy Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Raman Spectroscopy Market

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