Raman Instrument Index for the next four years

A recent Technavio research report analyzed the market conditions of the global Raman spectrometer in detail.

The report shows that by 2020, the global laboratory and handheld Raman instrument market will grow steadily, with a compound annual growth rate of nearly 10%. The growth of this market is mainly due to the fact that Raman spectroscopy has many advantages over other methods, as well as technological advances in Raman spectroscopy, especially in handheld and portable products. In addition, with the increase in the use of such instruments in environmental monitoring and defense applications, by the end of 2020, the demand for laboratory and handheld Raman instruments will increase significantly.

Geographically speaking, the leading market for global laboratories and hand-held Raman instruments is in the United States, with a market share of more than 51% in 2015. Significant investment in scientific research and testing is an important factor in the growth of the US market.

According to market analysis, Lab Raman will account for nearly 56% of the total market in 2020. Factors such as better accuracy and faster response times make these instruments the first choice for laboratories because accuracy is more important than flexibility in the laboratory. The widespread use of these instruments in the pharmaceutical, forensics, geology, and life science industries will lead to strong market growth during the forecast period.

Due to the advantages of Raman spectroscopy in improving drug safety and effectiveness, the pharmaceutical industry dominated the entire market in 2015 and it is expected that it will continue to maintain its leading position by 2020. As Raman instruments help reduce the costs associated with drug discovery and the development of new formulations and drugs, its demand in the pharmaceutical industry will increase exponentially over the next four years.

The major manufacturers of global laboratories and handheld Raman instruments market have both small regional suppliers and large global suppliers. Given the growth in R&D investment in the Asia Pacific region and Latin America, especially in the pharmaceutical, healthcare and electronics industries, the markets in these regions have great potential.

Key suppliers are: B&W Tek, Bruker, HORIBA, Rigaku, Thermo Fisher.

Other important manufacturers are: BaySpec, Cobalt Light Systems, Enspectr, Field Forensics, JASCO Analytical Instruments, Kaiser Optical Systems, Laser Systems, Northern ANI Solutions, Ocean Optics, PerkinElmer, Renishaw, Snowy Range Instruments, TSI, Yokogawa, and the like.