Global Raman Spectroscopy Market 2017-2021

This market research study identifies Agilent Technologies, Bruker, Hitachi High-Technologies, JEOL, PerkinElmer, Shimadzu Corporation, and Thermo Fisher Scientific as the leading players in the global raman spectroscopy market. A comprehensive analysis of this market is also presented by application (pharmaceutical, environmental, life sciences, and others) and by geography (the Americas, APAC, and EMEA).

The infographic below contains key findings from our analysis of the raman spectroscopy market

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Overview of the global raman spectroscopy market

Research analysis on the global raman spectroscopy market identifies that the rising focus on the development of drugs in the healthcare industry will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021. The pharmaceutical industry extensively relies on raman spectroscopy to carry out research and developmental activities to test and discover new drugs. Additionally, the demand for raman spectroscopy is high in the life sciences sector because they are extensively used for the analysis of biomolecules. Analysis of proteomics and the human genome are some of the wide range of raman spectroscopy applications.

One of the key trends that will gain traction in the global raman spectroscopy market is the increasing demand for next-generation spectroscopy called the cloud-based spectroscopy. This technique uses scanners, smartphones, and cloud-based data. For instance, one of the prominent providers of cloud-based spectroscopy called Tellspec developed a handheld food scanner that tells the user about the levels of chemicals, allergens, calories, nutrients, and the ingredients present in any food item.

Competitive landscape and key vendors

The raman spectroscopy market is fragmented due to the presence of a large number of global and local vendors. These raman spectrophotometer manufacturers are increasingly competing against each other based on factors such as production volume, quality, innovation in technology, and after-sales services. In addition, advancement in technology and variations in consumer preferences will strengthen the competitive landscape of the market.

Key vendors in this market are -

• Agilent Technologies
• Bruker
• Hitachi High-Technologies
• JEOL
• PerkinElmer
• Shimadzu Corporation
• Thermo Fisher Scientific

Other prominent vendors in the market include FOSS, GBC Scientific Equipment, JASCO, Metal Power, Rigaku Corporation, and WATERS.

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Segmentation by application and analysis of the raman spectroscopy market

• Pharmaceutical
• Environmental
• Life sciences

The life sciences segment contributed the maximum shares during 2016 due to the increasing aging population and rising cases of chronic diseases. The leading end-user segments of life sciences are the biotechnology and biopharmaceutical sector. The demand for spectroscopy for life sciences applications will continue to increase for the next four years because they are used for blood monitoring, protein analysis, and other point-of-care diagnostic testing.

Segmentation by geography and analysis of the raman spectroscopy market

• Americas
• APAC
• EMEA

According to the raman spectroscopy market research report, the Canada, Mexico, and the US are the major countries contributing to the market's growth in the Americas. The region is witnessing innovations and the implementation of advanced technologies in spectroscopy. The market will continue to grow in the region until the end of 2021 due to the increasing investments in the medical science sector by the federal government.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global raman spectroscopy market?
• What are the key market trends impacting the growth of the global raman spectroscopy market?
• What are the challenges to market growth?
• Who are the key vendors in the global raman spectroscopy market?
• What are the market opportunities and threats faced by the vendors in the global raman spectroscopy market?
• What are the 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 raman spectroscopy market?

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

The upcoming report on the global Raman spectroscopy market provides market information and insights on the hardware and semiconductor industry. The report also analyzes various factors such as market size, geographic markets, revenue, and trends from the embedded systems sector to predict the growth prospects of this market accurately.

Research analysts at Technavio go through a rigorous analysis of research journals, expert opinions, and client surveys to oversee primary and secondary research. Primary research tools such as vendor briefings, interviews with experts, and telephone and online surveys are used to accurately forecast the growth of the market and help the client in making entry decisions as well as product mix decisions. The upcoming report on global Raman spectroscopy market identifies Thermo, B&W Tek, Kaiser Optical, Horiba Jobin Yvon, Renishaw, Bruker, Ocean Optics, Smiths Detection, WITec, Agilent Technologies, PerkinElmer, JASCO, TSI, Sciaps, Zolix, and GangDong to be some of the vendors operating in the market.

This upcoming report on the global Raman spectroscopy market also analyzes the market landscape and general market composition of each geographic market by covering regions such as the Americas, EMEA, and APAC. The detailed report as per geographic segment helps the client in making business decisions on resource allocation as required by each region. Our analysts predict the growth of this market based on increased demand from life sciences, semiconductor applications, and material science segment.

By conducting a thorough analysis of key parameters such as profits, technology, product, manufacturing, as well as opportunities and challenges faced by the industry, research analysts at Technavio shed light on the complete competitive landscape of the market. The report on the global Raman spectroscopy market also identifies key innovation in this market in alignment with semiconductor equipment and sensors sector.

Our market research methodology for the global Raman spectroscopy market

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