The Raman spectroscopy market is estimated to be worth USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028, at a CAGR of 7.0% during the forecast period.
The major players in the Raman spectroscopy market with a significant global presence 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).
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Thermo Fisher Scientific Inc. is a supplier of laboratory products and services, life science solutions, analytical instruments, and specialty diagnostics across the world. The company was set up in 2006 through the Thermo Electron and Fisher Scientific merger. Thermo Fisher Scientific Inc. offers its products and services under the brand names Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, and Patheon. Its key offerings include microplates, PCR equipment and supplies, molecular biology reagents and kits, chromatography columns and cartridges, chromatography supplies, cell culture media, microbiological media and media additives, antibiotics and supplements, cell analysis products, gel electrophoresis equipment and supplies, western blot products, microplate readers and accessories, and spectroscopy. The company’s offerings find applications in the life sciences, industrial & applied science, and clinical & diagnostics fields, as well as lab and digital solutions. The company generates revenue through three product categories: Consumables, Instruments, and Services.
Agilent Technologies, Inc. is a US-based analytical instrumentation development and manufacturing organization. The company is one of the leaders in life sciences, diagnostics, and applied chemical markets, providing laboratories with instruments, services, consumables, applications, and expertise across the world. In 2017, Agilent Technologies, Inc. entered the Raman spectroscopy market by acquiring a UK-based firm named Cobalt Light Systems. The company’s offerings include analytical instruments and supplies, lab management and consulting, lab software, lab supplies, dissolution testing, lab automation, and vacuum and leak detection.
Brüel & Kjær (Denmark) is a leading provider of Raman spectroscopy solutions and services. The company has a strong brand value and offers a wide range of hardware, software, and integrated systems for Raman spectroscopy. It uses organic growth strategies, such as product launches, and inorganic growth strategies, such as collaborations, to strengthen its presence in the Raman spectroscopy market. For instance, in March 2020, Brüel & Kjær released a new version, 2019.1, of its NVH Simulator. The new version facilitates the modeling of electric and hybrid vehicles. Moreover, the company relies on its strong network of channel partners to distribute its products to its customers globally.
Bruker is a supplier of scientific instruments for molecular and materials research and industrial and applied analysis. The company provides scientific instruments and analytical and diagnostic solutions, enabling scientists to explore life and materials at molecular, cellular, and microscopic levels. It provides solutions to a wide range of customers, including life science research, pharmaceuticals, biotechnology, cell biology, applied markets, clinical research, microbiology, surface measurement, CBRNE detection, preclinical imaging, food, agriculture, nanotechnology, in-vitro diagnostics, and material science research.
Bruker operates through three business segments: Bruker Scientific Instruments (BSI) Life Science, BSI NANO, and Bruker Energy & Supercon Technologies (BEST). The BSI Life Science segment has been further divided into two sub-segments: Bruker BioSpin Group and Bruker CALID Group. Raman spectroscopy is offered through the Bruker CALID Group.
Toledo is a global manufacturer and marketer of precision instruments. The company is one of the leading manufacturers and suppliers of scales, analytical instruments, weighing instruments, and process analytics instruments. It provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection, and end-of-line inspection systems used for production and packaging. It also provides solutions for use in certain process analytics applications, laboratory, industrial, and food retailing applications. The company’s key product and solution offerings include laboratory balances, industrial scales, retail weighing scales, rainin pipettes and tips, analytical instruments, automated reactors and in situ analysis, process analytics, inline product inspection, transport, and logistics.
Raman Spectroscopy Market 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
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