Billion-Dollar Insights: The Future Landscape of the Raman Spectroscopy Market
The report "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" projects a significant increase in the market for this technology. The market is expected to grow significantly from its value of USD 0.8 billion in 2023 to USD 1.1 billion by 2028. For the forecast period of 2023 to 2028, the compound annual growth rate (CAGR) is projected to be 7.0%. There are a number of reasons for this growth, including the variety of benchtop and portable Raman spectroscopy instruments available, the variety of applications for FT, microscopy, handheld, and portable instruments, and the use of sophisticated sampling methods like surface- and tip-enhanced Raman scattering. The study presents a promising picture of the Raman Spectroscopy Market, showing a considerable rise in the use of Raman spectroscopy technologies in a variety of fields and applications.
Numerous important aspects that contribute to the growth of the Raman Spectroscopy Market support its rise. One important motivator is the increased emphasis on medication development in the medical field, where Raman spectroscopy is essential for gaining important insights into molecular structures. Further driving market expansion is the growing use of Raman spectroscopy in clinical settings, which highlights the technology's effectiveness in medical research and diagnostics. The increasing awareness of food safety is another significant aspect that has led to the use of Raman spectroscopy for quick and non-destructive food product analysis. Together, these elements draw attention to the wide range of uses and growing significance of Raman spectroscopy in a number of sectors, underscoring its critical position in medical research, scientific study, and quality assurance procedures.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23875879
Handheld & Portable Raman sub-segment in instrument segment is expected to grow at the highest CAGR of the Raman Spectroscopy Market during the forecast period.
The quality control process landscape has seen a substantial change with the introduction of Handheld Raman technology, especially in the chemical and pharmaceutical industries. The incoming raw material testing process has been completely transformed by this cutting-edge equipment, which offers a convenient and portable solution. It is revolutionary in various sectors for the rapid and accurate detection of unknown or possibly dangerous materials, improving safety and security protocols. Handheld Raman devices primarily use Raman spectroscopy, which provides high specificity nondestructive testing without requiring sample preparation or direct sample contact. Its special ability to examine samples through clear plastic or glass packaging reduces exposure hazards and guarantees sample integrity. The impact of handheld Raman spectrometers is further enhanced by their portability, which allows for direct sample analysis, streamlined workflows, and a notable increase in overall efficiency across a range of applications.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=23875879
Pharmaceuticals application is expected to account for the highest market share of the Raman Spectroscopy Market during the forecast period.
Pharmaceuticals are essential to the diagnosis, treatment, and prevention of disease. They are also essential to the correction, restoration, and modification of organic functions. Alkaloids, the first naturally occurring compounds like quinine, nicotine, cocaine, atropine, and morphine, are the basis for the evolution of pharmaceuticals, which are categorised into chemical categories based on pharmacological properties and therapeutic application. In addition to alkaloids, other natural sources provide us with vital medications such as vaccines, steroid hormones, human blood plasma fractions, and antibiotics. Certain medications, such as insulin, are derived from animal glandular extracts. Although vitamins were originally made from natural sources, technological improvements have moved their manufacture to labs. These days, medications are carefully manufactured in laboratories. They come in a variety of forms, such as pills, tablets, lozenges, and suppositories, as well as ointments like creams, pastes, and jellies, spirits, elixirs, and tinctures, demonstrating the complex and varied process of developing and producing pharmaceuticals.
Raman spectroscopy is widely used in the pharmaceutical sector for a variety of analytical applications, especially in the processes of drug development and quality control. This method entails quantifying the dispersed light produced when a monochromatic laser is used to illuminate an item. The dispersed light allows information on the molecular bond vibrational energy levels of the sample, which helps determine the sample's chemical structure and bond type. Raman spectroscopy's ability to analyse samples in their natural state without requiring considerable sample preparation or labelling is one of its main advantages. Its ability to identify drug components, assess pharmaceutical formulations, and track the stability of medications over time makes it a useful instrument. Additionally, Raman spectroscopy is essential for identifying fake drugs, which solves a big problem for the pharmaceutical industry and highlights how important it is to guarantee the safety and integrity of pharmaceutical products.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/raman-spectroscopy-market-23875879.html
Asia Pacific is expected to register the highest market share during the forecast period.
The Raman spectroscopy market is expanding significantly in the Asia Pacific area due to a number of important factors. Key drivers include increased funding for cloud-based spectroscopic research and legislative measures encouraging the use of process analytical technology (PAT). Raman spectrometers with PAT capabilities are now available on the market. Continued urbanisation, increased spending on medical equipment by multinational healthcare solution providers, and a focus on medication development all add to the region's strong need for Raman spectroscopy solutions. Notably, driven mainly by rising demand in pharmaceuticals, life sciences, and materials science applications, China stands out as the fastest-growing market in Asia Pacific. Throughout the course of the forecast period, the Raman spectroscopy market in the area is expected to increase at an overall rate driven by the growing R&D activities in biomedicals inside China.
The report profiles key players such as 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).
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment