Raman Spectroscopy Market by Instrument (Microscopy Raman, FT Raman, Handheld & Portable Raman, and Others), Sampling Technique (Surface Enhanced Raman Scattering, Tip Enhanced Raman Scattering, and Others), Application (Pharmaceutical, Life Science, Materials Science, Carbon Material, Semiconductor, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026484 | Pages: 100 | Industry: Medical Device | Date: Sep 2022 | Type: Global

The market crossed US$ 453.58 million mark in 2022 and is expected to hit US$ 781.39 million by 2030, recording a CAGR of 7.04% during the forecast period.

Raman Spectroscopy market been significantly growing with the high adoption of handheld and portable instruments.

The increasing clinical application of Raman spectroscopy in various fields such as drug development, diagnosis, research, chemical identification, and others is expected to support the market growth. Moreover, expansion of application areas to other verticals such as materials science, agriculture, chemicals, and semiconductors which is further expected to drive the market growth during the forecast period. Furthermore, on the basis of instrument handheld and portable segment is likely to dominate the market growth during the forecast period. The growth of the handheld and portable segment is driven by the increasing demand from the pharmaceutical and healthcare industry along with rising demand from the chemical industry over the forecast period.

Within the report, the market is segmented into instruments, sampling technique, application, and geography. By instruments, the market is further segmented into microscopy raman, FT raman, handheld & portable raman, and others. On the basis of sampling technique, the market is segmented into surface enhanced raman scattering, tip enhanced raman scattering, and others. Based on application, the market is divided into pharmaceutical, life science, materials science, carbon material, semiconductor, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Cloud Based spectroscopy is a far-reaching technology that empowered the growth of raman spectroscopy in future.

The Raman spectroscopy is a simple device that is a combination of a standard optical microscope and raman spectrometer. It is widely used for high-resolution material imaging and raman investigation. Over the period of time, there has been significant development of technology which has further led to the development of raman spectroscopy. Increased use of technology and IT integration has led to the development of Cloud-based spectroscopy which is easily accessible to the entire institution. This also helps researchers to increase data safety by using various cloud-based security solutions, Moreover, cloud-based spectroscopy also helps researchers to compare results and manipulate spectrometers on different operating systems which is expected to create ample opportunities during the forecast period.

Rising adoption in various industries is one of the major factors accelerating the market growth.

The industries for raman spectroscopy are pharmaceutical, life science, materials science, carbon material, semiconductor, and others. Within these industries, the pharmacuetical industry is one such industry, wherein the use of raman spectroscopy is increasing for drug development and testing to ensure the effectiveness and efficacy of novel drugs. The lifescience industry is also encouraging the use of raman spectroscopy for the diagnosis and testing of various disorders to ensure effective treatment. Other industries such as agriculture, chemical, forensic, and cosmetic are also encouraging the use of this raman spectroscopy.


Recent strategic developments in Raman spectroscopy market

The Raman spectroscopy market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, TMO launched the Thermo Scientific Ramina Process Analyzer— a new Raman spectroscopic analyzer for process monitoring in various applications like biopharmaceutical manufacturing. This easy-to-use system is intended to eliminate the complexity of performing Raman spectroscopy measurements, allowing users with any degree of experience to conduct measurements with great precision and accuracy.
  • In August 2021, Shimadzu Corporation released a new LC-Raman system that combines a Shimadzu high-performance liquid chromatograph with a HORIBA Raman spectrometer for the Japanese domestic market.
  • In February 2021, Anton Paar launches new Raman spectrometer to speed up analytical workflows. The newly launches series is Cora 5001 series of Raman spectrometers with innovative features provide excellent usability, speed, and quality of results.
  • In April 2020, HORIBA, Agilent Technologies has launched the newest instrument in its Raman technology portfolio. The new Agilent Vaya Raman raw material identity verification system is a handheld instrument that accelerates quality control testing in the pharmaceutical and biopharmaceutical industries.
  • In July 2020, Cambridge Raman Imaging Limited has made significant progress to commercialise its innovative graphene-enabled scanning Raman microscope.The Company, a spin out from the University of Cambridge is jointly developing the technology with its wholly-owned Italian subsidiary Cambridge Raman Imaging s.r.l., a spin out from the Politecnico di Milano in Italy has raised raised £250,000 through an investment by external investors in return for 16.7 per cent of the Company.


The Raman spectroscopy market is driven by several players by implementing strategic activities such as investments, new launches, and partnerships. Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Bruker Corporation, Horiba, Ltd., and PerkinElmer, Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Devices associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Spectrometer component suppliers
  • Devices distributors and sales firms
  • End users of Spectrometers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Instrument:
    • Microscopy Raman
    • FT Raman
    • Handheld & Portable Raman
    • Others
  • Sampling Technique
    • Surface Enhanced Raman Scattering (SERS)
    • Tip Enhanced Raman Scattering (TERS)
    • Others
  • Application:
    • Pharmaceutical
    • Life Science
    • Materials Science
    • Carbon Material
    • Semiconductor
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Thermo Fisher Scientific, Inc.
    • Agilent Technologies, Inc.
    • Bruker Corporation
    • Horiba, Ltd.
    • PerkinElmer, Inc.
    • Hamamatsu Photonics K.K.
    • Shimadzu Corporation
    • Kaiser Optical Systems, Inc.
    • Metrohm AG
    • Mettler-Toledo International, Inc.

Companies profiled
- Thermo Fisher Scientific, Inc.
- Agilent Technologies, Inc.
- Bruker Corporation
- Horiba, Ltd.
- PerkinElmer, Inc.
- Hamamatsu Photonics K.K.
- Shimadzu Corporation
- Kaiser Optical Systems, Inc.
- Metrohm AG
- Mettler-Toledo International, Inc.

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