Laboratory and Handheld Raman Instruments Market To Record Sturdy Growth By 2019

Raman is an analytical technique used to observe vibrational resonance in molecules. It is a non-destructive technique and such instruments work on the principle of scattering of light at different wavelengths from the incident probe light or sample. Raman instruments provide information in the form spectrum consisting of number of peaks. Each peak represents a particular frequency of specific molecular bond. Thus, it helps in providing the chemical composition of the sample under analysis. Raman instruments also help in providing information regarding the chemical structure, phase, contamination and impurity of the molecule or sample; thus this technology is often used in drug development, quality assurance and quality control.

Some of the key manufacturers in The Market For Laboratory And Handheld Raman Instruments include B&W Tek, Inc., Bruker Corp., Horiba Ltd., JASCO Analytical Instruments, PerkinElmer, Inc. and Thermo Fisher Scientific, Inc.

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In terms of market share, the global Raman instruments market is dominated by North America as the technique continues to gain increased momentum in security and pharmaceutical applications in this region while Europe gains second position in this market. Emerging economies of Asia such as India, China, Japan and Russia as well as Latin American and Middle East Asian countries are expected to undergo rapid market growth by employing various market consolidation strategies such as mergers and acquisitions.

One of the major factors driving the market growth is the increase in use of Raman instruments due to stringent regulations laid down by domestic governments to ensure improved quality and safety of food, drugs and cosmetics. Other prime driver is the robustness, portability and cost effectiveness of Raman instruments as well as prevalence of large number of market consolidation activities. However, the key deterrent holding back the growth of this market is the increased availability of alternative devices for Raman instruments.

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