Raman Spectroscopy Market

Global Raman Spectroscopy Market – Overview

The flare-up and the spread of the COVID-19 negatively affected the Raman spectroscopy market in 2020, bringing about diminished shipments of Raman spectroscopy. This brought about the declined incomes created from them. Subsequently, a plunge was seen in the development pattern of the market during the principal half of 2020.

Global Raman Spectroscopy Market – Drivers and Restraints

There are multiple factors that are projected to drive the overall development of the global Raman spectroscopy market. The analytical methods presented by Raman spectroscopy are as a rule progressively implemented at various stages of drug revelation and advancement. This incorporates substance ID, atomic science examination and diagnostics, preformulation, strong structure screening, bioanalysis, plan investigation in late-stage drug advancement, measure examination, quality control, unrefined substance capability, and fake distinguishing proof. Preformulation studies are an essential constituent in the drug improvement measure and the cycle is performed to comprehend the physicochemical properties of possible drugs to help plan advancement for pre-clinical and clinical studies.

The trend of using cloud computing for scientific applications, including scientific workflows, is consolidating gradually. Key attractions of the cloud include the pay-as-you-go model and elasticity. While the elasticity offered by the cloud can be beneficial for many applications and use scenarios, it also imposes significant challenges in the development of applications or services. The use of cloud-based technologies and integrated spectroscopy analysis software is gaining prominence in laboratories. These technologies can connect pieces of hardware, access the latest information to aid in processing large and complex datasets and obtain deeper insights into data, both faster and with more accuracy than ever before.

Global Raman Spectroscopy Market – Notable Developments

• In October 2020, Renishaw PLC introduced the particle analysis software module for its inVia confocal Raman microscope. The module automates the inVia microscope so that it can identify particles on images and then chemically analyze them using Raman spectroscopy. The inVia Raman system has a high-quality microscope that is ideal for producing optical images of particles on surfaces. These images are used to guide Raman spectroscopy measurements that rapidly give chemically specific, high spatial-resolution information.
• In July 2020, Metrohm AG introduced MISA, a new, portable instrument for rapid, presumptive testing of foodstuffs at the point of sampling. Smaller than a shoebox, this new solution can be taken anywhere and gives public authorities and retailers the possibility to check all kinds of foodstuffs for notorious adulterants, residues of banned, highly toxic pesticides and herbicides or even illegal growth hormones in a few seconds.

Global Raman Spectroscopy Market – Geographical Outlook

Based on the report, the global Raman spectroscopy market is expected to be divided into five key regions. These regional segments are North America, Latin America, Middle East and Africa, Asia Pacific, and the Europe. Of these segments, the global Raman spectroscopy market is expected to be dominated by the regional segment of Asia Pacific. The growth of the regional segment can be primarily attributed to the rising demand for pharmaceutical, material science applications, and life science applications in countries such as India, China, Japan, and South Korea. In addition to this, the presence of several life sciences and materials sciences companies and contract manufacturers organizations are also expected help in driving the growth of the Asia Pacific region in the coming years of the forecast period. In addition to this, improving healthcare infrastructure, rapid urbanization, rise in the GDP of emerging markets, and support provided by governments and several companies to expand the pharmaceuticals and life sciences industries in developing countries in the region.