Global Laboratory and Handheld Raman Instruments Market: Overview
The global laboratory and handheld Raman instruments is driven by the ability of the product to provide a nondestructive, simple, and rapid technique for the identification of fake medicines. The benefits of handheld Raman spectroscopy are that it is very easy to use even by people who are not skilled enough to use it. Raman instruments are capable of identifying a test pharmaceutical product on the spot, irrespective of the state of the product. However, these instruments are capable of operating in reflection mode and Raman activity of a sample is camoflaouged by fluorescent species present in the sample, particularly when the analysis is done in reflection mode.
The report on the global laboratory and handheld Raman instruments market takes a closer look at the major changes that have taken place in the chemical analysis techniques and how those changes are shaping the contours of the market. The insights are likely to help the industry players and investors to assess the completive ecosystem and formulate strategies accordingly.
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Global Laboratory and Handheld Raman Instruments Market: Trends and Opportunities
Manufacturers Pin Hopes on Various Applications across Multiple Industries
The global laboratory and handheld Raman instruments market is mainly driven by its rising demand from several sectors like industrial, pharmaceutical, and educational are increasingly depending on the use of laboratory and handheld Raman instruments as it provides improved regulation of process of control, especially pertaining to incoming raw materials. Raman instruments are also becoming more popular as compared to other methods of testing like mid-infrared spectroscopy, near-infrared and this is likely to drive the global laboratory and handheld Raman instruments market in the forthcoming years. The samples do not need to be treated before, which is what drives its popularity.
In addition, the rapidly increasing popularity of hyphenated Raman systems is recognized as one of the important trends that is likely to trigger growth of the global laboratory and handheld Raman instruments market over the tenure of projection, from 2013 to 2019. Hyphenated Raman systems are also called combined or hybrid Raman system that enables an absolute analysis of the sample on one single benchtop and it reduces the ownership cost as well. These ease of use and reduced cost factors are estimated to trigger growth of the global laboratory and handheld Raman instruments market in the years to come.
Raman instruments have become a more affordable and accessible with the availability of portable lasers and power supplies, plus high-sensitivity, and emergence of low-cost CCD array-based spectrometers for detection. Several industries such as materials, pharmaceuticals, agriculture, and food sectors come with the need for reliable and rapid trace analysis of ingredients and chemicals for authentication, safety, and control. All these factors are likely to drive the growth of the global laboratory and handheld Raman instruments market over the tenure of assessment.
One of the prominent factors influencing the growth of the global laboratory and handheld Raman instruments market is the increased utilization of Raman instruments on the back of stringent regulations as formulated by various domestic governments. These regulations are meant to offer better safety and quality of cosmetics, drugs, and food.
On the other hand, increased availability of alternative devices is likely to hold back the development and expansion of the global laboratory and handheld Raman instruments market.
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Global Laboratory and Handheld Raman Instruments Market: Regional Outlook
Key regions in the global Laboratory and Handheld Raman Instruments market are North America, Europe, the Middle East and Africa (MEA), and Asia Pacific. Of these, Asia Pacific is estimated to account for a sizeable share of the market and is expected to rise rapidly in the years to come. In terms of the market share, the global Raman instruments market is likely to be dominated by North America. Regional domination of North America is mainly due to growing popularity of the instrument in the applications of pharmaceutical and security sector. Europe is likely to follow North America closely.
Global Laboratory and Handheld Raman Instruments Market: Companies Mentioned in Report
Key players that have been mentioned in the report are Thermo Fisher Scientific, Inc., B&W Tek, Inc., JASCO Analytical Instruments, Northern ANI Solutions, Agilent Technologies, Inc., and Snowy Range Instruments.
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.