Raman Spectroscopy Market to Receive Overwhelming Hike in Revenues, Driven by its Non-Destructive and Label-Free Analysis
Key Highlights :
Raman spectroscopy is a type of vibrational spectroscopy that uses the inelastic scattering of light to study the vibrational modes of molecules. The inelastic scattering of light occurs when a photon interacts with a molecule and causes the molecule to vibrate. The Raman spectrum of a molecule is a fingerprint of its vibrational modes and can be used to identify the molecule. This non-destructive and label-free analysis has made Raman spectroscopy an important tool in various industries, resulting in an increase in the demand for Raman spectroscopy devices.
Key Trends
The main trends in Raman spectroscopy technology are the development of portable and handheld devices, the use of machine learning algorithms for data analysis, and the integration of Raman spectroscopy with other techniques such as mass spectrometry. Portable and handheld Raman spectroscopy devices are becoming increasingly popular, as they offer the convenience of on-site analysis. The use of machine learning algorithms is also increasing, as they can be used to automatically identify molecules and quantify their concentrations. The integration of Raman spectroscopy with other techniques such as mass spectrometry is providing more comprehensive data for analysis.
Key Drivers
The key drivers of the Raman spectroscopy market are its non-destructive and label-free analysis, which helps in the identification of various compounds. Additionally, Raman spectroscopy is used in a number of applications such as pharmaceuticals, food and beverages, and cosmetics.
Market Segments
The Raman spectroscopy market is segmented by instrument, application, and region. By instrument, the market is classified into microscopy Raman, portable, and others. On the basis of application, it is bifurcated into pharmaceutical, life science, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global Raman spectroscopy market includes players such as Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Bruker Corporation, Mettler-Toledo International, Inc., Renishaw PLC , Horiba, Ltd., Metrohm AG, Kaiser Optical Systems, Inc., Rigaku Corporation, PerkinElmer, Inc., and others.
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