Raman instruments: Key market research findings
- Growing popularity of hyphenated Raman systems
- Availability of lightweight and portable devices
Technavio has released a new market research report on the global laboratory and handheld Raman instruments market, which is expected to grow at a CAGR of close to 10% between 2016 and 2020. The primary growth drivers for this market are the advantages that Raman spectroscopy has over other methods and the advancements in technology, particularly in the handheld and portable product segments. Furthermore, with the increasing emphasis on environmental monitoring and increasing applications of Raman instruments in the defense sector, the demand for laboratory and handheld Raman instruments will experience a stark increase by 2020. The Americas is the leading region in the laboratory and handheld Raman instruments market, accounting for more than 51% of the total market share. Much of this region’s growth comes from the extensive investments in research and testing activities.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“A hyphenated Raman system aka hybrid or combined Raman system, integrates Raman analysis with other analytical techniques such as atomic force microscopy or photoluminescence into a single system. Such systems allow a complete analysis of the sample on a single benchtop while lowering the cost of ownership compared with the individual systems. They also reduce the time and energy of placement and alignment compared with the individual systems where the sample has to be loaded into two separate systems. Hyphenated Raman systems have been gaining increased popularity, and with more flexibility and innovations is expected to come up in these product lines, during the forecast period,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research
The latest trend witnessed in this market is the availability of smaller, more compact, and portable Raman instruments. Owing to advancement in nanotechnology and the increasing level of miniaturization of integrated circuits and sensors, the size of Raman spectrometer is expected to reduce even further. The wide range of wireless data transfer technologies will allow remote monitoring of water samples in environmental monitoring using a small array of wireless sensors that collect data during fixed intervals and communicate with a central hub that collects and analyzes this data. This makes it much more cost efficient and reduces the complexity of operations for industrial users.
The key vendors in the global laboratory and handheld Raman instruments market include B&W Tek, Bruker, HORIBA, Rigaku, and Thermo Fisher Scientific. The market is characterized by the presence of many players, which range from small regional vendors to large global vendors. With the growth in R&D investments in APAC and Latin America, particularly in the pharmaceutical, healthcare, and electronics sectors, there is a massive potential for the growth of the market in these regions.
A more detailed analysis is available in the Technavio report, Global Laboratory and Handheld Raman Instruments Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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