Raman Spectroscopy Market

Raman Spectroscopy Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Benchtop, Portable), Instrument (Microscopy, FT, Handheld & Portable), Sampling Technique (Surface-enhanced Raman Scattering, Tip-enhanced Raman Scattering), Application and Region- Global Forecast to 2028

Report Code: SE 7974 Apr, 2023, by marketsandmarkets.com

[257 Pages Report] The Raman Spectroscopy Market is expected to reach USD 1.1 Billion by 2028 from USD 0.8 Billion in 2023, at a CAGR of 7.0% during the 2023–2028 period.

The increased focus on drug development in healthcare is a major factor driving the Raman spectroscopy market. The rising demand for cloud-based spectroscopy will likely provide market growth opportunities. However, the high cost of ownership hinders the growth of the Raman Spectroscopy Industry. The rising demand for precise, accurate, and high-quality Raman spectrometers from end users is propelling the growth of the Raman spectroscopy market worldwide.

Raman Spectroscopy Market

Raman Spectroscopy Market

Raman Spectroscopy Market Forecast to 2028

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Raman Spectroscopy Market Dynamics

Driver: Growing awareness regarding food safety

Technologies for food detection are essential for assuring food safety in supply chains. Conventional food contamination detection techniques involve a lot of work, are costly, take a lot of time, and frequently change the food samples. Due to these drawbacks, the food business must create more useful food detection tools that can find contaminants in all three classes. Widespread food safety evaluation using Raman spectroscopy is non-destructive, simple to use, precise, and quick. Food testing has become more popular as the packaged and convenience food industries have expanded. The globalization of the food trade and the increased public knowledge of foodborne illnesses have resulted in stringent guidelines and testing procedures from the food regulatory authorities. Diseases caused by contaminated food are more common in developing and impoverished nations. Many nations are enacting strict food laws to control foodborne diseases. Raman spectroscopy equipment is widely used for quality checks and tracking the levels of preservatives in food, so the development of food safety testing will significantly impact the market. The ability to identify food contaminants has recently been improved by Raman spectroscopic techniques, which significantly broaden their applications in food safety.

Restraint: Lack of awareness regarding potential applications of Raman spectroscopy among end users

Although the scope of the Raman spectroscopy market is immensely high in the food & beverage and pharmaceutical industries, carbon materials, and clinical applications in developing nations, the awareness among the end users of all these applications is low. As it is a relatively newer technique, its usage is more restricted and confined to research institutes and laboratories. This confinement is due to the fact that not many end users are aware of the potential applications that Raman spectroscopy can cater to.

Opportunity: Increasing demand for Raman spectroscopy in carbon materials application

There is a high demand for methods that can be used to characterize carbon nanomaterials due to the degree of interest in the processing, modification, and customization of these materials. One method that has been demonstrated to be particularly effective for many of the characterization needs with these materials is Raman spectroscopy. Highly symmetric covalent links with little to no natural dipole moment are the ones to which Raman spectroscopy is most sensitive. The carbon-carbon bonds that make up these materials precisely meet this criterion, making Raman spectroscopy extremely sensitive to them and able to reveal structural information. Raman spectroscopy is an extremely useful technique for characterizing carbon nanomaterials because it can detect even minute structural changes. Raman spectroscopy can facilitate the analysis of fullerenes, diamonds, graphene, graphite, carbon nanotubes, etc.

Raman micro-spectroscopy is the best technique for examining jewels with commercial potential. Raman analysis is perfect for analyzing even high-value gems like diamonds because it is non-destructive and does not require sample preparation. A stone’s micro-Raman analysis also offers a distinct record for identifying needs. For instance, EnSpectr L365 Spectrometer, a low-cost, handheld spectral analysis tool that provides a fast and easy solution to the issue of identifying colorless natural diamonds, is offered by Enhanced Spectrometry, Inc.

Challenge: Lack of development of low-cost, highly efficient Raman spectrometers

Currently, a Raman analyzer with an excellent signal-to-noise ratio and resolution is very costly. On the other hand, low-cost Raman analyzer devices are required as standard laboratory equipment. However, those systems generally have low signal-to-noise ratios, low-power visible lasers with poor resolution, and are inefficient for any high-performance chemical analysis. Therefore, more affordable and higher-resolution Raman systems are essential for promoting and allowing Raman spectroscopy. As a consequence, high ownership costs limit market growth. These are the primary factors that pose a challenge to the expansion of the global market during the projection era.

Raman Spectroscopy Market Ecosystem

The prominent players in the Raman spectroscopy market are Thermo Fisher Scientific Inc. (US), Mettler Toledo (Switzerland), Agilent Technologies Inc. (US), Bruker (US), and Renishaw Plc (UK). These companies not only boast a comprehensive product portfolio but also have a strong geographic footprint.

Raman Spectroscopy Market by Ecosystem

The surface-enhanced Raman scattering sampling technique is projected to grow at the fastest rate of the Raman spectroscopy market during the forecast period

Surface enhanced Raman scattering (SERS) is a vibrational spectroscopy technique that produces precise molecular fingerprints and enables direct identification of target materials, down to the single-molecule level. Raman spectroscopy has evolved as a highly efficient method to analyze the structural details of a complex molecular structure. Owing to its ultra-high sensitivity and selectivity, SERS has a vast array of applications in surface and interface chemistry, catalysis, nanotechnology, biology, biomedicine, food science, environmental analysis and other areas. SERS is a technique that provides an opportunity to overcome the limitation of the low Raman scattering cross section, which has been widely used for detecting the vibration and chemical information on molecules. Randomly adsorbed molecules make SERS signals the averaged information on all vibrations.

The surface enhancement process in SERS works on the basis of 2 mechanisms: electromagnetic theory and chemical enhancement theory. In electromagnetic models, the molecule is modeled as a point dipole that responds to elevated local fields at or near the metal surface. The roughness that establishes the relation of the incident field with surface plasmons provides these augmented fields. Chemical models relate SERS intensity to the changed molecular polarization caused by interactions with metals, resulting in molecular resonance and enhancement.

Pharmaceuticals application is expected to grow at the highest CAGR of the Raman spectroscopy market during the forecast period

The pharmaceutical application segment is expected to record the highest CAGR during the forecast period. The segment’s growth can be attributed to the surge in the usage of solid-state pharmaceutical products in both industries and academia. Current pharmaceutical applications cover a broad range, from discovery to manufacturing of drugs in the pharmaceuticals industry, like identifying polymorphs, monitoring real-time processes, detecting counterfeit & adulterated pharmaceutical products, and imaging solid dosage formulations. Due to its ability to visualize the drug and excipients distribution in pharmaceutical formulations such as tablets, creams and ointments, Raman spectroscopy is in great demand in the pharmaceutical industry.

Asia Pacific is projected to grow at the highest CAGR of the Raman spectroscopy market by 2028

The Raman spectroscopy market in Asia Pacific has been studied for China, Japan, South Korea, India, and Rest of Asia Pacific. Asia Pacific is likely to be the fastest-growing Raman spectroscopy market owing to the ongoing technological advancements and innovations and expanding healthcare sector in emerging countries in the region. The growth of the regional market 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.

Raman Spectroscopy Market by Region

Raman Spectroscopy Market by Region

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Key Market Players

The major players in the Raman Spectroscopy Companies include Thermo Fisher Scientific Inc. (US), Mettler Toledo (Switzerland), Agilent Technologies Inc. (US), Bruker (US), Renishaw Plc (UK), Rigaku Corporation (Japan), Oxford Instruments (UK), Endress+Hauser Group Services AG (Switzerland), HORIBA Ltd. (Japan), PerkinElmer Inc. (US), Hamamatsu Photonics K.K (Japan), Metrohm AG (Switzerland), and Anton Paar GmbH (Austria). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.

Raman Spectroscopy Market Report Scope:

Report Metric

Details

Estimated Market Size in 2023

USD 0.8 Billion

Projected Market Size in 2028

USD 1.1 Billion

Growth Rate

CAGR of 7.0%

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million), Volume (Thousand Units)

Segments covered

By Instrument, Sampling Technique,, Application, and Region

Geographies covered

North America, Europe, Asia Pacific, and Rest of World

Companies covered

The major players in the Raman spectroscopy market are Thermo Fisher Scientific Inc. (US), Mettler Toledo (Switzerland), Agilent Technologies Inc. (US), Bruker (US), Renishaw Plc (UK), Rigaku Corporation (Japan), Oxford Instruments (UK), Endress+Hauser Group Services AG (Switzerland), HORIBA Ltd. (Japan), PerkinElmer Inc. (US), Hamamatsu Photonics K.K (Japan), Metrohm AG (Switzerland), Anton Paar GmbH (Austria), JASCO (Japan), Tornado Spectral Systems (Canada), Enhanced Spectrometry, Inc. (US), Zolix (China), Smiths Detection (UK), Ocean Insight (US), Ostec (US), TSI (US), Laser Detect System (Israel), Photon Systems, Inc. (US), B&W Tek (US), and Real Time Analyzers (US).

Raman Spectroscopy Market Highlights

The study segments the Raman spectroscopy market based on instrument, sampling technique,  application, and region at the regional and global level.

Segment

Subsegment

By Instrument

  • Microscopy Raman
  • FT Raman
  • Handheld & Portable Raman

By Sampling Technique

  • Surface-enhanced Raman Scattering
  • Tip-enhanced Raman Scattering

By Application

  • Life Sciences
  • Pharmaceuticals
  • Materials Science
  • Carbon Materials
  • Semiconductors

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In February 2023, Agilent Technologies Inc. introduced Vaya handheld Raman spectrometer’s latest software update, which facilitates raw material identification and has extended features to the customers through opaque and transparent container analysis.
  • In June 2022, Renishaw plc launched the inLux SEM Raman interface, which provides a scanning electron microscope (SEM) chamber with superior Raman capabilities. Raman spectra can be gathered to create 2D and 3D pictures while also imaging in the SEM.
  • In Mary 2022, Bruker and TOFWERK AG (Switzerland) entered a partnership to focus on Bruker’s commercial scale to accelerate penetration in selected market segments, including TOFWERK’s compact time-of-flight mass spectrometers (TOF-MS) for small molecule and volatiles analyses that require exceptional speed and sensitivity.
  • In April 2022, Thermo Fisher Scientific Inc. announced the release of a new Raman spectroscopic analyzer for process monitoring and applications such as biopharmaceutical manufacturing. In August 2020, National Instruments Corporation launched the enterprise version of SystemLink Software. This new version enables increased visibility and control of test systems across an organization.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           FIGURE 1 RAMAN SPECTROSCOPY MARKET SEGMENTATION
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA 
           FIGURE 2 RAMAN SPECTROSCOPY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
                    2.1.1.2 Key secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key participants in primary processes across Raman spectroscopy value chain
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS IN RAMAN SPECTROSCOPY MARKET
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN RAMAN SPECTROSCOPY MARKET
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF RAMAN SPECTROSCOPY MARKET BASED ON REGION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET SHARE ESTIMATION 
    2.4 DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.5 RISK ASSESSMENT 
           TABLE 1 RISK FACTOR ANALYSIS
           2.5.1 RECESSION IMPACT
    2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS 
           2.6.1 ASSUMPTIONS
           2.6.2 LIMITATIONS
 
3 EXECUTIVE SUMMARY (Page No. - 49)
    3.1 RAMAN SPECTROSCOPY MARKET: RECESSION IMPACT 
           FIGURE 9 RAMAN SPECTROSCOPY MARKET: IMPACT OF RECESSION
           FIGURE 10 HANDHELD & PORTABLE RAMAN SEGMENT HELD LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET IN 2022
           FIGURE 11 SURFACE-ENHANCED RAMAN SCATTERING SEGMENT TO HOLD LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
           FIGURE 12 PHARMACEUTICALS SEGMENT TO REGISTER HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
           FIGURE 13 ASIA PACIFIC TO BE FASTEST-GROWING RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RAMAN SPECTROSCOPY MARKET 
           FIGURE 14 INCREASED FOCUS ON DRUG DEVELOPMENT IN HEALTHCARE SECTOR
    4.2 ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY APPLICATION AND COUNTRY 
           FIGURE 15 PHARMACEUTICALS SEGMENT AND CHINA TO HOLD LARGEST SHARES OF ASIA PACIFIC RAMAN SPECTROSCOPY MARKET IN 2023
    4.3 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT 
           FIGURE 16 HANDHELD & PORTABLE RAMAN SEGMENT TO HOLD LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET FROM 2023 TO 2028
    4.4 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE 
           FIGURE 17 SURFACE ENHANCEMENT RAMAN SCATTERING SEGMENT TO HOLD LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET FROM 2023 TO 2028
    4.5 RAMAN SPECTROSCOPY MARKET, BY APPLICATION 
           FIGURE 18 PHARMACEUTICALS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET IN 2028
    4.6 RAMAN SPECTROSCOPY MARKET, BY COUNTRY 
           FIGURE 19 CHINA TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 RAMAN SPECTROSCOPY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increased focus on drug development in healthcare sector
                    5.2.1.2 Rising adoption of Raman spectroscopy in clinical applications
                    5.2.1.3 Advancements in Raman spectroscopic techniques used in catalysts and catalytic reactions
                    5.2.1.4 Growing awareness regarding food safety
                    5.2.1.5 Growing requirement for mineral analysis
                               FIGURE 21 RAMAN SPECTROSCOPY MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High ownership cost
                    5.2.2.2 Requirement for highly skilled workforce to keep up with advancements in Raman spectroscopy
                    5.2.2.3 Lack of awareness regarding potential applications of Raman spectroscopy among end users
                    5.2.2.4 Unsuitability of Raman spectroscopy with metals and alloys
                               FIGURE 22 RAMAN SPECTROSCOPY MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising demand for cloud-based spectroscopy
                    5.2.3.2 Rising demand for process analytical technology (PAT) in pharmaceutical industry
                    5.2.3.3 Increasing demand for Raman spectroscopy in carbon materials application
                    5.2.3.4 Rising demand for Raman spectroscopy in semiconductor industry
                    5.2.3.5 Increasing research and development (R&D) expenditure on Raman spectroscopy
                               FIGURE 23 RAMAN SPECTROSCOPY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of improvements in Raman spectrometer design
                    5.2.4.2 Lack of development of low-cost, highly efficient Raman spectrometers
                               FIGURE 24 RAMAN SPECTROSCOPY MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 25 RAMAN SPECTROSCOPY MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 26 RAMAN SPECTROSCOPY MARKET: ECOSYSTEM ANALYSIS
           TABLE 2 COMPANIES AND THEIR ROLE IN ECOSYSTEM
    5.5 AVERAGE SELLING PRICE (ASP) ANALYSIS 
           TABLE 3 AVERAGE SELLING PRICE (ASP) OF RAMAN SPECTROSCOPY INSTRUMENTS
           TABLE 4 TENTATIVE PRICING OF RAMAN SPECTROSCOPY INSTRUMENTS
           FIGURE 27 AVERAGE PRICE TREND
           FIGURE 28 AVERAGE SELLING PRICE OF RAMAN SPECTROSCOPY INSTRUMENTS
    5.6 TRENDS/DISRUPTIONS IMPACTING MARKET PLAYERS AND RAW MATERIAL SUPPLIERS 
           FIGURE 29 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR RAMAN SPECTROSCOPY MARKET PLAYERS
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 INELASTIC NEUTRON SCATTERING (INS)
           5.7.2 FLUORESCENCE SPECTROSCOPY
           5.7.3 INFRARED SPECTROSCOPY
           5.7.4 SPATIALLY OFFSET RAMAN SPECTROSCOPY (SORS)
           5.7.5 RAMAN OPTICAL ACTIVITY (ROA)
           5.7.6 ELECTRON MICROSCOPY
           5.7.7 CLOUD-BASED SPECTROSCOPY
           5.7.8 PROCESS ANALYTICAL TECHNOLOGY (PAT)
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 5 RAMAN SPECTROSCOPY MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 30 RAMAN SPECTROSCOPY MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)
    5.10 BUYING CRITERIA 
           FIGURE 32 KEY BUYING CRITERIA, BY APPLICATION
           TABLE 7 KEY BUYING CRITERIA, BY APPLICATION
    5.11 CASE STUDY ANALYSIS 
           5.11.1 DEVELOPMENT OF NEW RAMAN MICRO-SPECTROSCOPY TECHNIQUE THAT CAN IMAGE POLYMER PHASE DISTRIBUTIONS
           5.11.2 RESEARCH AND DEVELOPMENT OF GROUND-BREAKING BIOSENSOR PLATFORM FOR EARLY-STAGE CANCER DIAGNOSIS
           5.11.3 IMPLEMENTATION OF TRANSMISSION RAMAN SPECTROSCOPY FOR FAST CONTENT UNIFORMITY TESTING
           5.11.4 ENHANCEMENTS IN RAMAN MEASUREMENTS USING HIGH-THROUGHPUT VIRTUAL SLIT SPECTROMETERS
           5.11.5 USE OF RAMAN SPECTROSCOPY IN ARCHAEOLOGICAL SITES
    5.12 TRADE DATA ANALYSIS 
           5.12.1 IMPORT SCENARIO
                     TABLE 8 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
           5.12.2 EXPORT SCENARIO
                     TABLE 9 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
    5.13 PATENT ANALYSIS 
           TABLE 10 RAMAN SPECTROSCOPY MARKET: NOTABLE PATENTS, 2020–2023
           FIGURE 33 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022
           TABLE 11 NUMBER OF PATENTS REGISTERED RELATED TO RAMAN SPECTROSCOPY MARKET IN LAST 10 YEARS
           FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
    5.14 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 12 RAMAN SPECTROSCOPY MARKET: CONFERENCES AND EVENTS
    5.15 STANDARDS AND REGULATORY LANDSCAPE 
           5.15.1 TARIFFS AND REGULATIONS
                    5.15.1.1 Tariffs
                    5.15.1.2 Regulatory compliance
    5.16 REGULATORY SCENARIO 
           5.16.1 NORTH AMERICA
           5.16.2 EUROPE
           5.16.3 ASIA PACIFIC
           5.16.4 ROW
           5.16.5 REGULATIONS
           5.16.6 STANDARDS
 
6 RAMAN SPECTROSCOPY MARKET, BY TYPE (Page No. - 95)
    6.1 INTRODUCTION 
           FIGURE 35 RAMAN SPECTROSCOPY MARKET, BY TYPE
    6.2 BENCHTOP 
           6.2.1 WIDELY USED IN FORENSIC, PHARMACEUTICAL, NANOTECHNOLOGY, AND ACADEMIC RESEARCH APPLICATIONS
    6.3 PORTABLE 
           6.3.1 ENABLES USERS TO MAKE REAL-TIME DECISIONS
                    TABLE 13 SPECIFICATION COMPARISON BETWEEN BENCHTOP AND PORTABLE RAMAN SPECTROSCOPY
 
7 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT (Page No. - 98)
    7.1 INTRODUCTION 
           FIGURE 36 HANDHELD & PORTABLE RAMAN SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 14 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (USD MILLION)
           TABLE 15 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (USD MILLION)
           TABLE 16 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (THOUSAND UNITS)
           TABLE 17 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (THOUSAND UNITS)
    7.2 MICROSCOPY RAMAN 
           7.2.1 ONE OF BEST INSTRUMENTS TO IDENTIFY PIGMENTS
                    TABLE 18 MICROSCOPY RAMAN: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 19 MICROSCOPY RAMAN: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.3 FT RAMAN 
           7.3.1 DOES NOT REQUIRE SPECIALIZED SAMPLE PRE-TREATMENT
                    TABLE 20 FT RAMAN: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 21 FT RAMAN: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.4 HANDHELD & PORTABLE RAMAN 
           7.4.1 INCREASINGLY USED IN PHARMACEUTICAL AND CHEMICAL INDUSTRIES
                    TABLE 22 HANDHELD & PORTABLE RAMAN: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 23 HANDHELD & PORTABLE RAMAN: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.5 OTHERS 
           7.5.1 DISPERSIVE RAMAN
                    TABLE 24 SPECIFICATION COMPARISON BETWEEN FT RAMAN AND DISPERSIVE RAMAN SPECTROSCOPY INSTRUMENTS
           7.5.2 NON-DISPERSIVE RAMAN
           7.5.3 PROBE RAMAN
                    TABLE 25 OTHERS: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 26 OTHERS: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
8 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE (Page No. - 108)
    8.1 INTRODUCTION 
           FIGURE 37 SURFACE-ENHANCED RAMAN SCATTERING SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 27 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE, 2019–2022 (USD MILLION)
           TABLE 28 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE, 2023–2028 (USD MILLION)
    8.2 SURFACE-ENHANCED RAMAN SCATTERING (SERS) 
           8.2.1 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 (TERS) 
           8.3.1 WELL-SUITED FOR INVESTIGATING SAMPLES IN AQUEOUS MEDIUM
    8.4 OTHERS 
 
9 RAMAN SPECTROSCOPY MARKET, BY APPLICATION (Page No. - 114)
    9.1 INTRODUCTION 
           FIGURE 38 RAMAN SPECTROSCOPY MARKET, BY APPLICATION
           FIGURE 39 PHARMACEUTICALS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 29 RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 30 RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 PHARMACEUTICALS 
           9.2.1 RISING USE OF RAMAN SPECTROSCOPY IN SOLID-STATE PHARMACEUTICAL MANUFACTURING
                    TABLE 31 PHARMACEUTICALS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (USD MILLION)
                    TABLE 32 PHARMACEUTICALS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (USD MILLION)
                    FIGURE 40 ASIA PACIFIC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR PHARMACEUTICALS SEGMENT FROM 2023 TO 2028
                    TABLE 33 PHARMACEUTICALS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 34 PHARMACEUTICALS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 35 PHARMACEUTICALS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 36 PHARMACEUTICALS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 37 PHARMACEUTICALS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 38 PHARMACEUTICALS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 39 PHARMACEUTICALS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 40 PHARMACEUTICALS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 41 PHARMACEUTICALS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 42 PHARMACEUTICALS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 MATERIALS SCIENCE 
           9.3.1 POWERFUL TECHNIQUE TO EXTRACT PHYSICAL AND CHEMICAL INFORMATION ABOUT MATERIALS
                    TABLE 43 MATERIALS SCIENCE: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (USD MILLION)
                    TABLE 44 MATERIALS SCIENCE: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (USD MILLION)
                    TABLE 45 MATERIALS SCIENCE: RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 46 MATERIALS SCIENCE: RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 47 MATERIALS SCIENCE: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 48 MATERIALS SCIENCE: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 49 MATERIALS SCIENCE: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 50 MATERIALS SCIENCE: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 51 MATERIALS SCIENCE: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 52 MATERIALS SCIENCE: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 53 MATERIALS SCIENCE: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 54 MATERIALS SCIENCE: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 LIFE SCIENCES 
           9.4.1 PROVIDES VALUABLE INSIGHTS INTO CHARACTERISTICS OF DIFFERENT LIFE SCIENCES MATERIALS
                    TABLE 55 LIFE SCIENCES: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (USD MILLION)
                    TABLE 56 LIFE SCIENCES: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (USD MILLION)
                    FIGURE 41 ASIA PACIFIC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR LIFE SCIENCES SEGMENT DURING FORECAST PERIOD
                    TABLE 57 LIFE SCIENCES: RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 58 LIFE SCIENCES: RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 59 LIFE SCIENCES: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 60 LIFE SCIENCES: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 61 LIFE SCIENCES: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 62 LIFE SCIENCES: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 63 LIFE SCIENCES: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 64 LIFE SCIENCES: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 65 LIFE SCIENCES: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 66 LIFE SCIENCES: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 CARBON MATERIALS 
           9.5.1 USED TO RESEARCH, DEVELOP, AND CONTROL QUALITY OF CARBON MATERIALS
                    TABLE 67 CARBON MATERIALS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (USD MILLION)
                    TABLE 68 CARBON MATERIALS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (USD MILLION)
                    TABLE 69 CARBON MATERIALS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 70 CARBON MATERIALS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 71 CARBON MATERIALS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 72 CARBON MATERIALS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 73 CARBON MATERIALS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 74 CARBON MATERIALS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 75 CARBON MATERIALS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 76 CARBON MATERIALS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 77 CARBON MATERIALS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 78 CARBON MATERIALS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.6 SEMICONDUCTORS 
           9.6.1 USED TO CHARACTERIZE AND GENERATE IMAGES OF ALL SEMICONDUCTOR TYPES
                    TABLE 79 SEMICONDUCTORS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (USD MILLION)
                    TABLE 80 SEMICONDUCTORS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (USD MILLION)
                    FIGURE 42 ASIA PACIFIC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR SEMICONDUCTORS SEGMENT FROM 2023 TO 2028
                    TABLE 81 SEMICONDUCTORS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 82 SEMICONDUCTORS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 83 SEMICONDUCTORS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 84 SEMICONDUCTORS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 85 SEMICONDUCTORS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 86 SEMICONDUCTORS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 87 SEMICONDUCTORS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 88 SEMICONDUCTORS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 89 SEMICONDUCTORS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 90 SEMICONDUCTORS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.7 OTHERS 
           9.7.1 AGRICULTURE
           9.7.2 CHEMICAL
           9.7.3 FORENSIC
           9.7.4 COSMETIC
                    TABLE 91 OTHERS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2019–2022 (USD MILLION)
                    TABLE 92 OTHERS: RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2023–2028 (USD MILLION)
                    TABLE 93 OTHERS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 94 OTHERS: RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 95 OTHERS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 96 OTHERS: NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 97 OTHERS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 98 OTHERS: EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 99 OTHERS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 100 OTHERS: ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 101 OTHERS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 102 OTHERS: ROW RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 RAMAN SPECTROSCOPY MARKET, BY REGION (Page No. - 146)
     10.1 INTRODUCTION 
             FIGURE 43 RAMAN SPECTROSCOPY MARKET, BY REGION
             FIGURE 44 ASIA PACIFIC RAMAN SPECTROSCOPY MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 103 RAMAN SPECTROSCOPY MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 104 RAMAN SPECTROSCOPY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             FIGURE 45 NORTH AMERICA RAMAN SPECTROSCOPY MARKET, BY COUNTRY
             FIGURE 46 NORTH AMERICA: SNAPSHOT OF RAMAN SPECTROSCOPY MARKET
             TABLE 105 NORTH AMERICA: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 106 NORTH AMERICA: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 47 US TO LEAD NORTH AMERICAN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
             TABLE 107 NORTH AMERICA: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 108 NORTH AMERICA: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Large presence of Raman spectroscopy instrument manufacturing companies
             10.2.2 CANADA
                        10.2.2.1 High investments in research and development (R&D) by government and non-government organizations
             10.2.3 MEXICO
                        10.2.3.1 Increasing investments in healthcare sector
             10.2.4 NORTH AMERICA: RECESSION IMPACT
     10.3 EUROPE 
             FIGURE 48 EUROPE RAMAN SPECTROSCOPY MARKET, BY COUNTRY
             FIGURE 49 EUROPE: SNAPSHOT OF RAMAN SPECTROSCOPY MARKET
             TABLE 109 EUROPE: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 110 EUROPE: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 50 UK TO RECORD HIGHEST CAGR IN EUROPEAN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
             TABLE 111 EUROPE: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 112 EUROPE: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Rising investments in facilitation of research and development (R&D) centers
             10.3.2 GERMANY
                        10.3.2.1 Increasing demand for Raman spectroscopy in life sciences applications
             10.3.3 FRANCE
                        10.3.3.1 Significant presence of laboratories specializing in Raman spectroscopy
             10.3.4 REST OF EUROPE
             10.3.5 EUROPE: RECESSION IMPACT
     10.4 ASIA PACIFIC 
             FIGURE 51 ASIA PACIFIC RAMAN SPECTROSCOPY MARKET, BY COUNTRY
             FIGURE 52 ASIA PACIFIC: SNAPSHOT OF RAMAN SPECTROSCOPY MARKET
             TABLE 113 ASIA PACIFIC: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 114 ASIA PACIFIC: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 53 CHINA TO DOMINATE ASIA PACIFIC RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD
             TABLE 115 ASIA PACIFIC: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 116 ASIA PACIFIC: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Rising demand for Raman spectroscopy in pharmaceuticals, life sciences, and materials science applications
             10.4.2 JAPAN
                        10.4.2.1 Increasing healthcare expenditure
             10.4.3 SOUTH KOREA
                        10.4.3.1 Large presence of universities and research institutes using Raman spectroscopy
             10.4.4 INDIA
                        10.4.4.1 Expanding pharmaceutical industry
             10.4.5 REST OF ASIA PACIFIC
             10.4.6 ASIA PACIFIC: RECESSION IMPACT
     10.5 ROW 
             FIGURE 54 ROW RAMAN SPECTROSCOPY MARKET, BY REGION
             TABLE 117 ROW: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 118 ROW: RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 55 MIDDLE EAST & AFRICA HELD LARGER SHARE OF RAMAN SPECTROSCOPY MARKET IN 2022
             TABLE 119 ROW: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 120 ROW: RAMAN SPECTROSCOPY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.5.1 MIDDLE EAST & AFRICA
                        10.5.1.1 Rising adoption of Raman spectrometers by research institutes, distributors, and universities
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Increasing investments in pharmaceutical and life science research
             10.5.3 ROW: RECESSION IMPACT
 
11 COMPETITIVE LANDSCAPE (Page No. - 171)
     11.1 OVERVIEW 
     11.2 MARKET EVALUATION FRAMEWORK 
             FIGURE 56 KEY STRATEGIES UNDERTAKEN BY LEADING PLAYERS IN RAMAN SPECTROSCOPY MARKET FROM 2019 TO 2023
             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 AND RANKING ANALYSIS 
             TABLE 121 RAMAN SPECTROSCOPY MARKET: DEGREE OF COMPETITION
             FIGURE 57 MARKET SHARE OF TOP FIVE PLAYERS OFFERING RAMAN SPECTROSCOPY
     11.4 FIVE-YEAR COMPANY REVENUE ANALYSIS 
             FIGURE 58 FIVE-YEAR REVENUE ANALYSIS OF KEY COMPANIES
     11.5 COMPANY EVALUATION QUADRANT, 2022 
             FIGURE 59 RAMAN SPECTROSCOPY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
     11.6 COMPETITIVE BENCHMARKING 
             TABLE 122 COMPANY FOOTPRINT (10 COMPANIES)
             TABLE 123 APPLICATION: COMPANY FOOTPRINT
             TABLE 124 REGION: COMPANY FOOTPRINT
     11.7 STARTUP/SME EVALUATION QUADRANT, 2022 
             FIGURE 60 RAMAN SPECTROSCOPY (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2022
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        TABLE 125 RAMAN SPECTROSCOPY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 126 RAMAN SPECTROSCOPY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES
     11.8 COMPETITIVE SCENARIO 
             11.8.1 PRODUCT LAUNCHES
                        TABLE 127 PRODUCTS LAUNCHES, APRIL 2020–FEBRUARY 2023
             11.8.2 DEALS
                        TABLE 128 DEALS, MAY 2020–MARCH 2023
 
12 COMPANY PROFILES (Page No. - 188)
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*  
     12.1 KEY PLAYERS 
             12.1.1 THERMO FISHER SCIENTIFIC INC.
                        TABLE 129 THERMO FISHER SCIENTIFIC INC.: COMPANY OVERVIEW
                        FIGURE 61 THERMO FISHER SCIENTIFIC INC.: COMPANY SNAPSHOT
             12.1.2 AGILENT TECHNOLOGIES, INC.
                        TABLE 130 AGILENT TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 62 AGILENT TECHNOLOGIES, INC.: COMPANY SNAPSHOT
             12.1.3 BRUKER
                        TABLE 131 BRUKER: COMPANY OVERVIEW
                        FIGURE 63 BRUKER: COMPANY SNAPSHOT
             12.1.4 METTLER TOLEDO
                        TABLE 132 METTLER TOLEDO: COMPANY OVERVIEW
                        FIGURE 64 METTLER TOLEDO: COMPANY SNAPSHOT
             12.1.5 RENISHAW PLC
                        TABLE 133 RENISHAW PLC: COMPANY OVERVIEW
                        FIGURE 65 RENISHAW PLC: COMPANY SNAPSHOT
             12.1.6 HORIBA, LTD.
                        TABLE 134 HORIBA, LTD.: BUSINESS OVERVIEW
                        FIGURE 66 HORIBA, LTD.: COMPANY SNAPSHOT
             12.1.7 METROHM AG
                        TABLE 135 METROHM AG: COMPANY OVERVIEW
             12.1.8 ENDRESS+HAUSER GROUP SERVICES AG
                        TABLE 136 ENDRESS+HAUSER GROUP SERVICES AG: COMPANY OVERVIEW
             12.1.9 RIGAKU CORPORATION
                        TABLE 137 RIGAKU CORPORATION: COMPANY OVERVIEW
             12.1.10 PERKINELMER INC.
                        TABLE 138 PERKINELMER INC.: COMPANY OVERVIEW
                        FIGURE 67 PERKINELMER INC.: COMPANY SNAPSHOT
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.  
     12.2 OTHER PLAYERS 
             12.2.1 ANTON PAAR
             12.2.2 TORNADO SPECTRAL SYSTEMS
             12.2.3 OXFORD INSTRUMENTS
             12.2.4 OCEAN INSIGHT
             12.2.5 HAMAMATSU PHOTONICS
             12.2.6 B&W TEK
             12.2.7 ENHANCED SPECTROMETRY, INC.
             12.2.8 PHOTON SYSTEMS, INC.
             12.2.9 LASER DETECT SYSTEM
             12.2.10 OSTEC
             12.2.11 SMITHS DETECTION
             12.2.12 JASCO
             12.2.13 TSI
             12.2.14 ZOLIX
             12.2.15 REAL TIME ANALYZERS
 
13 APPENDIX (Page No. - 250)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 
 

The research study involved 4 major activities in estimating the size of the Raman spectroscopy market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, and investor presentations of companies, white papers, and articles from recognized authors. Secondary research was mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, and regional outlook and developments from both market and technology perspectives.

Primary Research

In the primary research process, various primary sources have been interviewed to obtain qualitative and quantitative information related to the market across four main regions-Asia Pacific, North America, Europe, and RoW (the Middle East, Africa, and South America). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and a few other related key executives from major companies and organizations operating in the Raman spectroscopy market or related markets.

After the completion of market engineering, primary research has been conducted to gather information and verify and validate critical numbers obtained from other sources. Primary research has also been conducted to identify various market segments; industry trends; key players; competitive landscape; and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with the key strategies market players adopt. Most of the primary interviews have been conducted with the supply side of the market. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Raman Spectroscopy Market Size, and Share

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

Market Size Estimation

The top-down and bottom-up approaches have been used extensively in market engineering. Several data triangulation methods have also been used to perform market forecasting and estimation for the report’s overall market segments and sub-segments. Multiple qualitative and quantitative analyses have been performed on the market engineering process to gain key insights throughout the report.

Secondary research has been used to identify the key players offering Raman spectroscopy. The revenues of those key players have been determined through both primary and secondary research. The revenues have been identified geographically as well as market segment-wise, using financial statements and analyzing annual reports of the key market players. Interviews with CEOs, VPs, directors, and marketing executives have also been conducted to gain insights into the key players and the Raman spectroscopy market. All the market shares have been estimated using secondary and primary research. This data has been consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

Market Size Estimation Methodology-Bottom-up Approach

The bottom-up approach has been employed to arrive at the overall size of the Raman spectroscopy market from the calculations based on the revenues of the key players and their shares in the market. Key players in the Raman spectroscopy market, including Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Bruker Corporation, Mettler-Toledo International, Inc., Renishaw PLC, Horiba Ltd., Metrohm AG, Kaiser Optical Systems, Inc., Rigaku Corporation, and PerkinElmer, Inc. have been studied. The market size estimations have been carried out considering the market size of their Raman spectroscopy offerings.

Raman Spectroscopy Market Size, and Bottom-up Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been then split into several segments and sub-segments. Data triangulation has been employed to complete the market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

Raman spectroscopy is an analytical technique where scattered light is used to measure the vibrational energy modes of a sample. This technique got its name after the Indian physicist C. V. Raman who, along with his research partner K. S. Krishnan, was the first to observe Raman scattering in 1928. It is a non-destructive chemical analysis technique that provides detailed information about the chemical structure, phase & polymorphism, crystallinity & molecular interactions, intrinsic stress/strain, and contamination & impurity within a material. The information about any material is extracted by generating a characteristic spectrum known as the “Raman fingerprint.” It is a unique chemical fingerprint for a particular molecule or material and can be used to swiftly recognize the substance or differentiate it from others.

Key Stakeholders

  • Suppliers of raw materials
  • Technology investors
  • Original equipment manufacturers (OEMs)
  • Third-party service providers
  • Government labs
  • In-house testing labs
  • System integrators
  • Distributors, resellers, and traders
  • Research institutions and organizations
  • Raman spectroscopy technology forums, alliances, consortiums, and associations
  • Market research and consulting firms
  • End users

The main objectives of this study are as follows:

  • To describe, segment, and forecast the size of the global Raman spectroscopy market based on 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 four key regions, namely, North America, Europe, Asia Pacific, 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 and 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 the recession on the market
  • To strategically analyze micromarkets1 with regard 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, partnerships, collaborations, and acquisitions in the Raman spectroscopy market
  • To strategically profile the key players in the Raman spectroscopy market and comprehensively analyze their market rankings and core competencies2.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

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  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 7974
Published ON
Apr, 2023
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