Raman analyzer market is expected to grow at a CAGR of 4.8%

New York, July 12, 2022 (GLOBE NEWSWIRE) — The raman analyzers market Cut is expected to reach US$970.8 million by 2032 and grow at a CAGR of 4.8% over the forecast period (2022-2032).

Raman spectroscopy has been used to study several aspects of materials, including their carbonaceous and inorganic properties, and has been successful in revealing information about their phases, functions, and defects. Additionally, methods such as surface and edge Raman spectroscopy have expanded the range of applications for Raman analysis to include analytical and biological disciplines. Additionally, the reliability and adaptability of Raman instruments provide a viable approach to performing field examinations for a variety of materials.

The best option for any type of process monitoring involves non-destructive spectroscopic methods. Raman spectroscopy is one of the most reliable and adaptable technologies for analyzing a variety of materials, both in the laboratory and in the field. Raman analysis has developed over the years, influencing a number of industrial sectors, including the food and textile industries.

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Compared to other methods such as infrared spectroscopy, Raman spectroscopy has a number of advantages. In many situations where infrared analyzes are unreliable, Raman analyzers offer beneficial use applications. Applications of Raman analyzers include characterization of carbonaceous materials, applications in graphene and graphene-like materials, characterization of inorganic materials for biological applications, mineralogy, quality control, and analytical processes.

Key insights from market research

  • Surface Enhanced Raman Spectroscopy (SERS) held 23.2% market share by product in 2021.
  • The benchtop/standalone modality held 42.8% market share in 2021.
  • By end-user, the pharmaceutical industry makes extensive use of Raman analyzer products, and the segment held a market share of 40.3% in 2021.
  • Around 32.3% of the global market share, by region, was held by North America in 2021.

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“Wide range of applications of Raman spectroscopy in maintaining product quality standards, identifying disease markers, as well as in clinical oncology, is expected to propel the growth of the market in the coming years,” says an analyst from Persistence Market Research.

Market competition

Major manufacturers of Raman analyzers focus their efforts on biopharmaceutical and bioprocess development technologies. The applications of the products offered by the major market players have improved the drug production process, and aim to prevent the proliferation of counterfeit or contaminated drugs.

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Moreover, market competitors are also expanding their scope towards supplying products to food, oil, gas and chemical industries.

  • April 2022: UK-based Optimal Industrial Automation and Technologies, a pioneer in pharmaceutical and biopharmaceutical process analytics (PAT) technology, pharmaceutical factory automation, and software and system integration. Quality Assurance (QA), was acquired by Bruker Corporation.
  • July 2018: Swiss Metrohm AG acquired B&W Tek LLC, and this acquisition is expected to propel Swiss Metrohm AG as one of the largest providers of solutions for applied Raman spectroscopy.

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What does the report cover?

Persistence Market Research offers a unique perspective and actionable insights into the Raman Analyzer market in its latest study, presenting a historical demand assessment from 2017 to 2021 and projections for 2022 to 2032.

The research study is based on Product (Surface Enhanced Raman Spectroscopy (SERS), Confocal Raman Microscopes, Real-Time Bioprocess Raman Analyzers, TERS Raman Analyzers, FT Raman Analyzers, and Other Raman Analyzers), Modality (Benchtop /stand-alone, portable and portable) and end user (pharmaceutical, life sciences, forensics, oil, gas and chemical industry, food industry and security, defense and military), in seven key regions of the world.

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