Exploring Asia's Raman Spectroscopy Market Revolution: China's Biomedical R&D Initiatives

The Raman Spectroscopy Market is expected to increase significantly, with a strong compound annual growth rate (CAGR) of 7.0% from 2023 to 2028 and a projected value of USD 1.1 billion.

The growth of this market is being driven by developments in Raman spectroscopy technology in a variety of applications. Raman spectroscopy systems come in a variety of forms, including as portable and tabletop models, to meet the demands of different end users in the market. The market's adaptability is enhanced by tools like microscopy, Fourier transform (FT), and handheld and portable electronics. Raman spectroscopy's accuracy and usefulness are further improved by sampling methods including surface-enhanced Raman scattering (SERS) and tip-enhanced Raman scattering (TERS). This technology's many uses in industries such as material science, chemistry, and pharmaceuticals add to its increasing importance in both research and business.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23875879

Raman Spectroscopy Market by Ecosystem

The Raman spectroscopy market is expanding due to a number of important factors. Drug development is receiving more attention in the healthcare industry, and Raman spectroscopy is essential for giving precise molecular data for pharmaceutical research. The technology is becoming more and more popular in medical diagnostics and analysis due to its increasing use in clinical applications. Furthermore, the widespread use of Raman spectroscopy for the quick and precise identification of pollutants in food products is a result of growing consumer awareness of food safety. Together, these elements propel the market's growth and establish Raman spectroscopy as an important instrument with a wide range of industrial uses due to its analytical powers.

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.

In the chemical and pharmaceutical industries, handheld Raman technology has proven to be a game-changer for quality control procedures related to testing of incoming raw materials. The availability of this portable technology has had a substantial impact on the safety and security industries as it offers a convenient means of immediately identifying compounds that are unknown, suspicious, harmful, or unlawful. In contrast to alternative techniques, Raman spectroscopy provides high specificity nondestructive testing without requiring sample preparation or direct sample contact. Its ability to immediately analyse samples via transparent packing materials, lowering exposure and maintaining sample integrity, is an added benefit. Handheld Raman spectrometers' portability improves productivity by allowing for on-site analysis, simplifying workflow, and accelerating decision-making.

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.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 categorised into chemical classes according to their pharmacological effects and therapeutic applications. They are vital for the diagnosis, treatment, and prevention of diseases. Alkaloids, which include quinine, nicotine, cocaine, atropine, and morphine, were the first naturally occurring medications when pharmaceuticals first came into being. Pharmaceuticals eventually grew to encompass natural sources of steroid hormones, human blood plasma fractions, vaccinations, and antibiotics. Animal glandular extracts are used to extract insulin and other medications. Vitamins are now synthesised in contemporary laboratories, while they were originally derived from natural substances. Pharmaceuticals can be made into solids like pills, tablets, lozenges, and suppositories, as well as liquids like tinctures, elixirs, and spirits, and ointments like creams and pastes.

Raman spectroscopy is widely used in the pharmaceutical sector for a variety of analytical applications, including medication development and quality assurance. This method entails quantifying the dispersed light produced when a monochromatic laser is used to illuminate an item. Raman spectroscopy provides the chemical structure and bond nature of the sample by exposing the vibrational energy levels of its molecular bonds. One important benefit is that samples can be analysed without preparation or labelling when they are in their natural state. Raman spectroscopy is therefore very useful for determining drug components, evaluating pharmaceutical formulations, and tracking the stability of medications over time. In addition, it is an effective instrument for identifying fake drugs, which solves a big issue for the pharmaceutical industry.

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.

Asia Pacific's Raman spectroscopy market is expected to increase significantly due to a number of important factors. Important drivers include rising research expenditures for cloud-based spectroscopy and regulatory pressure to utilise process analytical technologies (PAT). The market has seen the release of Raman spectrometers with PAT capabilities. The region's strong demand for Raman spectroscopy solutions is further fueled by continued urbanisation, increased investments in healthcare devices by multinational solution providers, and an increasing focus on drug research. Due to rising demand for applications in the fields of materials research, life sciences, and pharmaceuticals, China is predicted to grow at the quickest rate. The Raman spectroscopy market in China is growing at an even faster rate thanks to the rise in biomedical R&D initiatives.

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:

https://www.prnewswire.com/news-releases/raman-spectroscopy-market-worth-1-1-billion-by-2028---exclusive-report-by-marketsandmarkets-301798617.html 

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

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more