Report ID: SQMIG35J2073
Report ID:
SQMIG35J2073 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
North America is dominating with the largest Raman spectroscopy market share. In this region the market is primarily led by the US due to its well-established industrial infrastructure. The market is also expanding because many companies are investing funds in R&D activities and improving usage of Raman spectrometers in life sciences and pharmaceutical companies. Furthermore, the presence of leading players in this region is also fueling the growth of the market. During the forecast period, North America Raman spectroscopy market is rapidly increasing due to the contribution of factors such as increasing government and private sector investment in research & development activities in United States.
Asia Pacific is expected to grow at the fastest rate with countries like China and India promising significant manufacturing activities. The demand is driven by several key factors such as growing technological advancements coupled with increasing funding & investments for scientific research worldwide. Raman spectroscopy usage for polymer identification, semiconductor testing and counterfeit drug detection would further increase the Raman spectroscopy market growth. However, high price of the Raman instrument as well as unavailability of skilled manpower are major issues in this region. This availability of handheld and MEMS-based Raman spectrometers capable of real-time in-field analysis potentially is expected to open new avenues for new end-use applications including process monitoring, quality control and threat detection footprint.
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Report ID: SQMIG35J2073