The market for Raman technologies has been growing steadily over the years, driven by the increasing demand for advanced analytical tools in research and development, quality control, and process monitoring. Markets that will experience high growth are pharmaceutics, biotechnology, and semiconductors. But, will these developments shake other spectroscopy techniques in the market?
Since the discovery of the Raman effect in 1928, Raman techniques have seen a plethora of advances and exploitation.
To date, it is still one of the most researched topics in the field of spectroscopy and its likes. It has gained popularity as a powerful analytical tool used in various scientific fields to study molecular structures, chemical composition, and physical properties of materials.
Raman spectroscopy has several advantages that make it a preferred choice in certain scenarios: nondestructive and requires almost no sample preparation, high molecular specificity, water compatibility, high spatial resolution, etc. However, Raman is not without challenges like weak signals (compared to other spectroscopic techniques like Infrared Spectroscopy etc, large fluorescence interference, not being suitable for all types of samples etc. In summary, Raman spectroscopy is a valuable tool in many scientific and analytical applications, but its suitability as a first choice depends on the specific requirements and characteristics of the sample under investigation.
The report provides the breakdown between 7 application segments and product-type. It also includes detailed market revenue and forecasts by application and product-type.
HIGHLIGHTS
Speaking of Raman Technologies’ market as an entity consists of not only components like Lasers, Detectors and Gratings but also mainly Raman Systems’ as a whole. This report provides a broad view of the segments of the Raman Systems market including a breakdown based on product type: Raman Benchtop Systems, Raman Handheld Systems and Raman Process Systems. The report includes their current markets and forecasts (2022-2031), their application segments, R&D and Patents’ landscape, Investments & fundraising and upcoming devices in the market. The Benchtop market, currently with the largest Raman Systems’ market share was valued at $260 Million in 2022 with an expected CAGR of 5% in 2031.
KEY FEATURES OF THE REPORT
- Overview of Raman Technologies, their applications and products (Raman systems, and components)
- Market revenue breakdown for the Raman market by product type and application
- Market forecast of the Raman market from 2022-2031
- Presentation of dominant market trends and some new products
- Summary of funded projects, investments and M&As related to Raman.
