Global Raman Spectroscopy Market – Industry Trends and Forecast to 2030

Global Raman Spectroscopy Market, By Type (Bench Top Type, Portable Type), Applications (Pharmaceutics, Research and Development in Academia, Industrial Sector, Life Sciences, Material Sciences,  Carbon Materials, Semiconductors, Others), Sampling Technique (Surface-Enhanced Raman Scattering, Tip-Enhanced Raman Scattering, Other Raman Scattering Techniques), Instruments (Probe-based Raman, Fourier-transform Infrared Raman, Micro-Raman, Others) – Industry Trends and Forecast to 2030.

Raman Spectroscopy Market Analysis and Size

The raman spectroscopy market is segmented based of type, application sampling technique, and instruments. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core influencing areas and the difference in your target markets.

Data Bridge Market Research analyses that the global Raman spectroscopy market, which was USD 338.69 million in 2022, would rocket up to USD 622.26 million by 2030, and is expected to undergo a CAGR of 7.9% during the forecast period. This indicates the market value. “Surface-enhanced raman scattering” is expected to dominate the sampling technique segment as it provides significant amplification of the Raman signal, enabling the detection of very low concentrations of analytes. This enhanced sensitivity is crucial in many applications where the target molecules are present in trace amounts or when studying samples with low Raman scattering efficiency. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, pipeline analysis, pricing analysis, and regulatory framework.

Raman Spectroscopy Market Scope and Segmentation

Market Definition

The global raman spectroscopy market refers to the market for instruments, accessories, and services related to raman spectroscopy technology on a global scale. Raman spectroscopy is a non-destructive analytical technique used to study the vibrational, rotational, and other low-frequency modes in a molecule. It provides information about the chemical structure, composition, and molecular interactions of a sample.

Global Raman Spectroscopy Market Dynamics

Drivers

• Increasing Demand for Advanced Analytical Techniques:

The growing need for accurate and efficient analytical techniques in industries such as pharmaceuticals, biotechnology and materials science is driving the demand for Raman spectroscopy. Its ability to provide molecular information and non-destructive analysis contributes to its popularity.

• Technological Advancements:

Continuous advancements in Raman spectroscopy instruments, including improved sensitivity, faster data acquisition, and enhanced portability, are driving market growth. Technological innovations allow for better performance, expanded applications, and increased ease of use.

Opportunity

• Demand for Portable and Handheld Raman Spectrometers:

There is an increasing demand for portable and handheld Raman spectrometers for on-site and field applications. These compact and portable instruments enable real-time analysis in various settings, including point-of-care diagnostics and environmental monitoring.

Restrain/Challenge

• High Costs

The initial cost of raman spectroscopy instruments and accessories can be relatively high, making it a barrier to adoption for some organizations, especially smaller ones. The cost of ownership, including maintenance and consumables, can also be significant.

This global raman spectroscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Raman spectroscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

• In 2021, Thermo Fisher Scientific, Inc. invested nearly USD 1.4 billion in R&D, whereas in the same year, Agilent Technologies, Inc. introduced the new Agilent Vaya Raman raw material identity verification system. This handheld instrument accelerates quality control testing in the pharmaceuticals and biopharmaceutical industries
• HORIBA Ltd. unveiled its brand-new CiCi-Raman engine in June 2021. It is intended for OEM industrial customers with high volumes. A high-performance spectrometer with an aberration-corrected concave holographic grating, a deep-cooled Syncerity CCD camera from HORIBA Scientific, a new VIS-NIR detector, and a round-to-slit fiber converter for high-efficiency Raman probe collection is the CiCi-Raman-785.

Global Raman Spectroscopy Market Scope

The global raman spectroscopy market is segmented on the basis of type, application sampling technique, and instruments. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Bench Top Type
• Portable Type

Application

• Pharmaceutics
• Research and Development in Academia
• Industrial Sector
• Life Sciences
• Material Sciences
• Carbon Materials
• Semiconductors
• Others

Sampling Technique

• Surface-Enhanced Raman Scattering
• Tip-Enhanced Raman Scattering
• Other Raman Scattering Techniques

Instruments

• Probe-based Raman
• Fourier-transform Infrared Raman
• Micro-Raman
• Others

Global Raman Spectroscopy Market Regional Analysis/Insights

The global raman spectroscopy market is analyzed and market size insights and trends are provided by country, type, application sampling technique, and instruments as referenced above.

The countries covered in the global raman spectroscopy market report are the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa.

North America is expected to dominate the market and grow with the highest CAGR because it has a robust scientific and research community, including academic institutions, government laboratories, and private research organizations. These entities drive significant demand for raman spectroscopy instruments and utilize the technology for various applications, contributing to the overall market demand.

The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The global raman spectroscopy market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global raman spectroscopy market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2015-2020.

Competitive Landscape and Global Raman Spectroscopy Market Share Analysis

The global raman spectroscopy market competitive landscape provide details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the global raman spectroscopy market are:

• Horiba Scientific (Japan/France)
• Bruker Corporation (U.S.)
• Thermo Fisher Scientific (U.S.)
• Renishaw plc (United Kingdom)
• Agilent Technologies (U.S.)
• PerkinElmer, Inc. (U.S.)
• Shimadzu Corporation (Japan)
• JASCO Corporation (Japan)
• B&W Tek (U.S.)
• Kaiser Optical Systems (U.S.)
• Metrohm AG (Switzerland)
• WITec GmbH (Germany)
• Snowy Range Instruments (U.S.)
• BaySpec, Inc. (U.S.)
• Ocean Insight (U.S.)