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Global Raman Spectroscopy Market 2017-2021

Global Raman Spectroscopy Market 2017-2021

About Raman Spectroscopy

Spectroscopy instruments have a wide range of applications in different segments. Its primary customers include the pharmaceutical industry, processed food industry, metal mining and chemical industry, government regulatory bodies, and others (cosmetic industry and environmental research organizations). These customers use spectroscopy equipment to analyze the compound structure, quality, and quantity of different elements, as well as the level of adulteration. This helps organizations in the R&D of new products. Due to the high growth potential in both generic and non-generic drugs markets, pharmaceutical companies are investing highly in the development of new drugs, which will further increase the demand for spectroscopy equipment during the forecast period.

Technavio’s analysts forecast the global raman spectroscopy market to grow at a CAGR of 7.28% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global raman spectroscopy market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of Raman spectrometers across applications such as life sciences, pharmaceutical, environmental, and others in the Americas, APAC, and EMEA.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Raman Spectroscopy Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Agilent Technologies
  • Bruker
  • Hitachi High-Technologies
  • JEOL
  • PerkinElmer
  • Shimadzu Corporation
  • Thermo Fisher Scientific
Other prominent vendors
  • FOSS
  • GBC Scientific Equipment
  • JASCO
  • Metal Power
  • Rigaku Corporation
  • WATERS
Market driver
  • Increased focus on drug development in healthcare industry
  • For a full, detailed list, view our report
Market challenge
  • High cost of ownership
  • For a full, detailed list, view our report
Market trend
  • Increasing demand for cloud-based spectroscopy
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Raman Spectroscopy Market 2017-2021

Technavio recognizes the following companies as the key players in the global raman spectroscopy market: Agilent Technologies, Bruker, Hitachi High-Technologies, JEOL, PerkinElmer, Shimadzu Corporation, and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: FOSS, GBC Scientific Equipment, JASCO, Metal Power, Rigaku Corporation, and WATERS.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing demand for cloud-based spectroscopy. Cloud-based spectroscopy is considered to be the next-generation spectroscopy. Scanners, smartphones, and cloud-based data are used in this technique. Tellspec, one of the prominent providers of cloud-based spectroscopy, has developed a handheld food scanner that connects to a smartphone, as well as a cloud-based database, to apprise the user about the levels of chemicals, allergens, calories, nutrients, and the ingredients present in any food item. Tellspec's food scanner technology is based on near infrared spectroscopy. However, cloud-based spectroscopy model for Raman spectroscopy is expected to be offered by companies during the forecast period.”

According to the report, one of the major drivers for this market is Increased focus on drug development in healthcare industry. The pharmaceutical industry is experiencing high R&D expenditure year-over-year. Raman spectroscopy is used extensively in the R&D in the pharmaceutical industry for testing and new drug discovery. This will drive the demand for Raman spectrometers across the globe.

Further, the report states that one of the major factors hindering the growth of this market is High cost of ownership. One of the major challenges for vendors in the market is the high cost incurred in the R&D of atomic spectroscopy. The development process of spectroscopy consists of the designing, testing, and implementation stages. The development of atomic spectroscopy begins with the establishment of technology platforms and then advances to the design of specific applications, followed by the development and intensive testing processes. Hence, the process is lengthy, expensive, and time-consuming. Costs are added on because of the technology used and requirement for highly skilled specialists. Small companies and CROs might be deterred by these costs. These costs are passed on to customers, which increases the acquisition cost of the equipment.

Companies Mentioned

Agilent Technologies, Bruker, Hitachi High-Technologies, JEOL, PerkinElmer, Shimadzu Corporation, Thermo Fisher Scientific, FOSS, GBC Scientific Equipment, JASCO, Metal Power, Rigaku Corporation, and WATERS.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Spectroscopy customers and its applications
    • Market size and forecast
      • Table Global Raman spectroscopy market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global Raman spectroscopy market by application
      • Table Global Raman spectroscopy market by application 2016-2021 (% share of revenue)
      • Table Global Raman spectroscopy market by application 2016-2021 ($ millions)
    • Global Raman spectroscopy market by life sciences
      • Table Global Raman spectroscopy market by life sciences 2016-2021 ($ millions)
    • Global Raman spectroscopy market by pharmaceutical
      • Table Global Raman spectroscopy market by pharmaceutical 2016-2021 ($ millions)
      • Table R&D expenditure in drug development in US 2012-2015 ($ billions)
    • Global Raman spectroscopy market by environmental
      • Table Global Raman spectroscopy market by environmental 2016-2021 ($ millions)
    • Global Raman spectroscopy market by others
      • Table Global Raman spectroscopy market by others 2016-2021 ($ millions)
  • Geographical segmentation
    • Global Raman spectroscopy market by geography
      • Table Global Raman spectroscopy market by geography 2016-2021 (% share of revenue)
      • Table Global Raman spectroscopy market by geography 2016-2021 ($ millions)
    • Americas
      • Table Raman spectroscopy market in Americas 2016-2021 ($ millions)
    • APAC
      • Table Raman spectroscopy market in APAC 2016-2021 ($ millions)
    • EMEA
      • Table Raman spectroscopy market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table R&D expenditure in global pharmaceutical industry 2010-2017 ($ billions)
      • Table Urbanization and growth rates in China, Brazil, and India
    • Market challenges
  • Market trends
    • Increasing demand for cloud-based spectroscopy
    • Increasing life sciences R&D spending
    • Switch from single molecular to macromolecular spectroscopy
  • Vendor landscape
    • Competitive scenario
      • Table Key competitive factors
    • Key vendors
      • Table Agilent Technologies: Spectroscopy products
      • Table Agilent Technologies: Business segmentation 2016 (% share of revenue)
      • Table Agilent Technologies: Recent developments
      • Table Bruker: Spectroscopy products
      • Table Bruker: Business segmentation 2016 (% share of revenue)
      • Table Bruker: Recent developments
      • Table Hitachi High-Technologies: Business segmentation 2016 (% share of revenue)
      • Table JEOL: Business segmentation 2016 (% share of revenue)
      • Table JEOL: Recent developments
      • Table PerkinElmer: Business segmentation 2016 (% share of revenue)
      • Table PerkinElmer: Recent developments
      • Table Shimadzu Corporation: Spectroscopy techniques and products
      • Table Shimadzu Corporation: Business segmentation 2016 (% share of revenue)
      • Table Shimadzu Corporation: Recent developments
      • Table Thermo Fisher Scientific: Business segmentation 2016 (% share of revenue)
      • Table Thermo Fisher Scientific: Recent developments
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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