Global Laboratory and Handheld Raman Instruments Market 2016-2020

Outlook of the global laboratory and handheld Raman instruments market

The global market for laboratory and handheld Raman instruments will grow steadily at a CAGR of almost 10% by 2020. Much of this market’s growth can be attributed to the various advantages that Raman spectroscopy has over other methods and the advancements in technology, particularly in the handheld and portable product segments. Furthermore, with the increasing emphasis on environmental monitoring and increasing applications of Raman instruments in the defense sector, the demand for laboratory and handheld Raman instruments will experience a stark increase until the end of 2020.

In terms of geography, the laboratory and handheld Raman instruments market was dominated by the Americas, which accounted for more than 51% of the total market share in 2015. Extensive investment in research and testing by the US is a significant factor that will bolster the prospects for market growth in the Americas. Due to the proliferation of technology start-ups and research facilities within the Americas, the demand for these instruments will increase significantly over the next few years.

Product-based segmentation of the laboratory and handheld Raman instruments market

• Laboratory
• Handheld

According to Technavio’s market research analysts, the laboratory product segment will account for almost 56% of the total market share by 2020. Factors like greater accuracy and faster response time make these instruments the prime choice for laboratories where accuracy is more important than flexibility. The widespread utilization of these instruments in laboratories across the pharmaceutical, forensics, geology, and life sciences industries will result in the strong growth of this market segment during the predicted period.

End-user segmentation of the laboratory and handheld Raman instruments market

• Pharmaceutical
• Industrial
• Educational

The pharmaceutical sector dominated this market during 2015 and is envisaged to retain its dominating hold over the market until 2020 owing to the ability of these instruments to improve drug safety and efficacy. Since Raman instruments also help in reducing the costs associated with drug discovery and the development of new formulations and drugs, its demand in the pharmaceutical sector will increase exponentially over the next four years.

Competitive landscape and key vendors

The global laboratory and handheld Raman instruments market is characterized by the presence of many players, which range from small regional vendors to large global vendors. With the growth in R&D investments in APAC and Latin America, particularly in the pharmaceutical, healthcare, and electronics sectors, there is a massive potential for the growth of the market in these regions.

Key vendors in this market are -

• B&W Tek
• Bruker
• HORIBA
• Rigaku
• Thermo Fisher Scientific

Other prominent vendors are BaySpec, Cobalt Light Systems, Enspectr, Field Forensics, JASCO Analytical Instruments, Kaiser Optical Systems, Laser Systems, Northern ANI Solutions, Ocean Optics, PerkinElmer, Renishaw, Snowy Range Instruments, TSI, and Yokogawa.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global laboratory and handheld Raman instruments market?
• What are the key market trends impacting the growth of the global laboratory and handheld Raman instruments market?
• What are the challenges to market growth?
• Who are the key vendors in the laboratory and handheld Raman instruments market?
• What are the market opportunities and threats faced by the vendors in the laboratory and handheld Raman instruments market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global laboratory and handheld Raman instruments market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Laboratory Shaker Market 2016-2020
• Global Laboratory Analytical Instrumentation Market - Industry Analysis 2015-2019

Raman is an analytical technique, which is used to observe vibrational resonance in molecules. Since it is a non-destructive technique, it works on the fundamental principle of scattering light at different wavelengths from the sample. The instruments that work on this technique provide information in the form spectrum, where the results are denoted in the form of peaks. Each peak denotes a particular frequency of a specific molecular bond. Therefore, it can be used to study the chemical composition of the sample. It also provides information about the chemical structure, phase, contamination, and impurity content of the molecule or sample under observation.

The report, global laboratory and handheld Raman instruments market, is a part of Technavio’s new research areas portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as agricultural equipment, furniture and home furnishing, health and wellness, home kitchen and large appliances, lab equipment, and outdoor gear. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.