1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION & SCOPE 28
1.2.1 INCLUSIONS AND EXCLUSIONS 29
1.3 SCOPE 30
1.3.1 MARKETS COVERED 30
FIGURE 1 RAMAN SPECTROSCOPY MARKET SEGMENTATION 30
1.3.2 YEARS CONSIDERED 30
1.4 CURRENCY 31
1.5 STAKEHOLDERS 31

2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 RAMAN SPECTROSCOPY MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 List of key secondary sources 33
2.1.1.2 Secondary sources 34
2.1.2 PRIMARY DATA 34
2.1.2.1 Breakdown of primaries 34
2.1.2.2 Key data from primary sources 35
2.1.2.3 Key industry insights 35
2.2 FACTOR ANALYSIS 36
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 - TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF RAMAN SPECTROSCOPY 36
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN RAMAN SPECTROSCOPY MARKET 37
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 - BOTTOM-UP (DEMAND SIDE): DEMAND FOR RAMAN SPECTROSCOPY IN DIFFERENT APPLICATIONS 38
2.3 MARKET SIZE ESTIMATION 39
2.3.1 BOTTOM-UP APPROACH 39
2.3.1.1 Approach for obtaining market share using bottom-up analysis (demand side) 39
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.3.2 TOP-DOWN APPROACH 39
2.3.2.1 Approach for obtaining market share using top-down analysis (supply side) 40
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 8 DATA TRIANGULATION 41
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 42
2.5.1 ASSUMPTIONS 42
2.5.2 LIMITATIONS 42

3 EXECUTIVE SUMMARY 43
3.1 IMPACT OF COVID-19 ON RAMAN SPECTROSCOPY MARKET 44
FIGURE 9 GLOBAL PROPAGATION OF COVID-19 45
TABLE 1 RECOVERY SCENARIOS FOR GLOBAL ECONOMY 45
FIGURE 10 GROWTH PROJECTIONS FOR RAMAN SPECTROSCOPY MARKET IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS 46
3.2 REALISTIC SCENARIO 46
3.3 PESSIMISTIC SCENARIO 47
3.4 OPTIMISTIC SCENARIO 47
FIGURE 11 PRE- AND POST-COVID-19 SCENARIOS OF RAMAN SPECTROSCOPY MARKET 47
FIGURE 12 HANDHELD & PORTABLE RAMAN TO HOLD LARGEST SIZE OF RAMAN SPECTROSCOPY MARKET IN 2021 48
FIGURE 13 SURFACE ENHANCED RAMAN SCATTERING TO HOLD LARGEST SIZE OF RAMAN SPECTROSCOPY MARKET IN 2021 48
FIGURE 14 PHARMACEUTICAL APPLICATION TO WITNESS HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING 2021-2026 49
FIGURE 15 APAC WOULD BE FASTEST-GROWING MARKET FOR RAMAN SPECTROSCOPY DURING FORECAST PERIOD 50

4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN RAMAN SPECTROSCOPY MARKET 51
FIGURE 16 INCREASED FOCUS ON DRUG DEVELOPMENT IN HEALTHCARE TO FUEL RAMAN SPECTROSCOPY MARKET GROWTH DURING FORECAST PERIOD 51
4.2 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT 51
FIGURE 17 HANDHELD & PORTABLE RAMAN SEGMENT TO CAPTURE LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026 51
4.3 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE 52
FIGURE 18 SURFACE ENHANCEMENT RAMAN SCATTERING TO CAPTURE LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026 52
4.4 RAMAN SPECTROSCOPY MARKET, BY APPLICATION 52
FIGURE 19 PHARMACEUTICAL TO ACCOUNT FOR LARGEST SIZE OF RAMAN SPECTROSCOPY MARKET IN 2026 52
4.5 RAMAN SPECTROSCOPY MARKET, BY REGION 53
FIGURE 20 APAC TO CAPTURE LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET IN 2026 53
4.6 RAMAN SPECTROSCOPY MARKET, BY COUNTRY 53
FIGURE 21 CHINA TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD 53

5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 22 RAMAN SPECTROSCOPY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 55
5.2.1.1 Increased focus on drug development in healthcare 55
FIGURE 23 INVESTMENTS IN R&D IN PHARMACEUTICALS, 2015-2020 (USD BILLION) 55
5.2.1.2 Rise in adoption of Raman spectroscopy in clinical applications 56
5.2.1.3 Advancement in utilization of Raman spectroscopic techniques for catalysts and catalytic reactions 56
FIGURE 24 RAMAN SPECTROSCOPY MARKET DRIVERS AND THEIR IMPACT 57
5.2.2 RESTRAINTS 57
5.2.2.1 High cost of ownership 57
5.2.2.2 Requirement for highly skilled workforce to keep pace with advancements in Raman spectroscopy 57
FIGURE 25 RAMAN SPECTROSCOPY MARKET RESTRAINTS AND THEIR IMPACT 58
5.2.3 OPPORTUNITIES 58
5.2.3.1 Rising demand for cloud-based spectroscopy 58
5.2.3.2 Surge in demand for process analytical technology (PAT) in pharmaceuticals 58
FIGURE 26 RAMAN SPECTROSCOPY MARKET OPPORTUNITIES AND THEIR IMPACT 59
5.2.4 CHALLENGES 59
5.2.4.1 Lack of improvements in spectrometer design 59
FIGURE 27 RAMAN SPECTROSCOPY MARKET CHALLENGES AND THEIR IMPACT 60
5.3 SUPPLY CHAIN ANALYSIS 60
FIGURE 28 SUPPLY CHAIN OF RAMAN SPECTROSCOPY MARKET 60
5.4 TRENDS/DISRUPTIONS IMPACTING BUSINESS OF MARKET PLAYERS AND RAW MATERIAL SUPPLIERS 62
5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR RAMAN SPECTROSCOPY MARKET PLAYERS 62
FIGURE 29 REVENUE SHIFT IN RAMAN SPECTROSCOPY MARKET 62
5.5 RAMAN SPECTROSCOPY ECOSYSTEM 63
FIGURE 30 ECOSYSTEM OF RAMAN SPECTROSCOPY 63
TABLE 2 LIST OF ORIGINAL EQUIPMENT MANUFACTURERS, SUPPLIERS, AND DISTRIBUTORS OF RAMAN SPECTROSCOPY 64
5.6 PORTER'S FIVE FORCES ANALYSIS 65
TABLE 3 RAMAN SPECTROSCOPY MARKET: PORTER'S FIVE FORCES ANALYSIS 65
FIGURE 31 PORTER'S FIVE FORCES ANALYSIS 66
5.6.1 THREAT OF NEW ENTRANTS 66
5.6.2 THREAT OF SUBSTITUTES 67
5.6.3 BARGAINING POWER OF SUPPLIERS 67
5.6.4 BARGAINING POWER OF BUYERS 67
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 67
5.7 CASE STUDY 68
5.7.1 DEVELOPMENT OF NEW RAMAN MICRO-SPECTROSCOPY TECHNIQUE THAT COULD IMAGE POLYMER PHASE DISTRIBUTIONS 68
5.7.2 RESEARCH AND DEVELOPMENT OF A GROUND-BREAKING BIOSENSOR PLATFORM FOR EARLY-STAGE CANCER DIAGNOSIS 68
5.7.3 IMPLEMENTING TRANSMISSION RAMAN SPECTROSCOPY FOR FAST CONTENT UNIFORMITY TESTING 69
5.8 TECHNOLOGY ANALYSIS 69
5.8.1 COMPLEMENTARY TECHNOLOGY 69
5.8.1.1 Inelastic neutron scattering (INS) 69
5.8.2 ADJACENT TECHNOLOGIES 69
5.8.2.1 Fluorescence spectroscopy 69
5.8.2.2 Infrared spectroscopy 70
5.9 AVERAGE SELLING PRICE ANALYSIS 70
TABLE 4 AVERAGE SELLING PRICES OF RAMAN SPECTROSCOPY 70
5.10 TRADE ANALYSIS 71
5.10.1 IMPORT SCENARIO 71
TABLE 5 IMPORT DATA, BY COUNTRY, 2016-2020 (USD MILLION) 71
5.10.2 EXPORT SCENARIO 72
TABLE 6 EXPORT DATA, BY COUNTRY, 2016-2020 (USD MILLION) 72
5.11 PATENT ANALYSIS, 2015-2020 73
FIGURE 32 PATENTS GRANTED WORLDWIDE FROM 2011 TO 2021 78
TABLE 7 TOP 20 PATENT OWNERS FROM 2011 TO 2021 78
FIGURE 33 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2011 TO 2021 79
5.12 TARIFFS AND REGULATIONS 79
5.12.1 TARIFFS 79
5.12.2 REGULATORY COMPLIANCE 79
5.12.2.1 Regulations 80
5.12.2.2 Standards 80

6 TYPES OF RAMAN SPECTROSCOPY 81
6.1 INTRODUCTION 81
FIGURE 34 TYPES OF RAMAN SPECTROSCOPY 81
6.2 BENCHTOP 81
6.2.1 BENCHTOP RAMAN SPECTROSCOPY IS WIDELY USED IN FORENSIC, PHARMACEUTICAL, GEMOLOGY, NANOTECHNOLOGY, AND ACADEMIC RESEARCH APPLICATIONS 81
6.3 PORTABLE 82
6.3.1 PORTABLE RAMAN SPECTROSCOPY ENABLES USERS TO MAKE ON-SPOT DECISIONS 82
TABLE 8 SPECIFICATION COMPARISON BETWEEN BENCHTOP RAMAN SPECTROSCOPY AND PORTABLE RAMAN SPECTROSCOPY 83

7 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT 84
7.1 INTRODUCTION 85
FIGURE 35 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT 85
FIGURE 36 HANDHELD & PORTABLE RAMAN SEGMENT TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET DURING FORECAST PERIOD 85
TABLE 9 RAMAN SPECTROSCOPY MARKET, BY VALUE AND VOLUME, 2017-2020 86
TABLE 10 RAMAN SPECTROSCOPY MARKET, BY VALUE AND VOLUME, 2021-2026 86
TABLE 11 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2017-2020 (USD MILLION) 86
TABLE 12 RAMAN SPECTROSCOPY MARKET, BY INSTRUMENT, 2021-2026 (USD MILLION) 86
7.2 MICROSCOPY RAMAN 87
7.2.1 MICROSCOPY RAMAN REQUIRES LESS SAMPLE PREPARATION AND CAN EVEN ANALYZE SAMPLES OF LOW CONCENTRATION 87
7.3 FT RAMAN 87
7.3.1 FT RAMAN SPECTROSCOPY INSTRUMENTS DO NOT REQUIRE ANY SPECIALIZED SAMPLE PRETREATMENT, AND GOOD QUALITY SIGNALS CAN BE COLLECTED VIRTUALLY FROM SAMPLES IN ANY PHYSICAL STATE 87
7.4 HANDHELD & PORTABLE RAMAN 88
7.4.1 HANDHELD & PORTABLE SEGMENT HELD LARGEST SHARE OF RAMAN SPECTROSCOPY MARKET IN 2020 88
7.5 OTHERS 89
7.5.1 DISPERSIVE RAMAN 89
TABLE 13 SPECIFICATION COMPARISON BETWEEN FT RAMAN SPECTROSCOPY INSTRUMENTS AND DISPERSIVE RAMAN SPECTROSCOPY INSTRUMENTS 89
7.5.2 NON-DISPERSIVE RAMAN 89
7.5.3 PROBE RAMAN 89

8 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE 90
8.1 INTRODUCTION 91
FIGURE 37 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE 91
FIGURE 38 SURFACE ENHANCED RAMAN SCATTERING SEGMENT TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026 91
TABLE 14 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE, 2017-2020 (USD MILLION) 92
TABLE 15 RAMAN SPECTROSCOPY MARKET, BY SAMPLING TECHNIQUE, 2021-2026 (USD MILLION) 92
8.2 SURFACE ENHANCED RAMAN SCATTERING 92
8.2.1 SERS AMPLIFIES RAMAN SIGNALS FROM MOLECULES BY SEVERAL ORDERS OF MAGNITUDE, ALLOWING THEM TO UNDERGO SCATTERING WITH MUCH HIGHER EFFICIENCIES 92
8.3 TIP ENHANCED RAMAN SCATTERING 93
8.3.1 UNLIKE OTHER RAMAN TECHNIQUES, TERS IS WELL-SUITED FOR INVESTIGATION OF SAMPLES IN AQUEOUS MEDIUM 93
8.4 OTHERS 94

9 RAMAN SPECTROSCOPY MARKET, BY APPLICATION 95
9.1 INTRODUCTION 96
FIGURE 39 MARKET SEGMENTATION, BY APPLICATION 96
FIGURE 40 PHARMACEUTICAL APPLICATION TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET FROM 2021 TO 2026 96
TABLE 16 RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2017-2020 (USD MILLION) 97
TABLE 17 RAMAN SPECTROSCOPY MARKET, BY APPLICATION, 2021-2026 (USD MILLION) 97
9.2 PHARMACEUTICAL 98
9.2.1 RISING USE OF RAMAN SPECTROSCOPY IN SOLID-STATE PHARMACEUTICAL PRODUCTS DRIVING MARKET GROWTH 98
FIGURE 41 APAC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR PHARMACEUTICAL APPLICATION FROM 2021 TO 2026 98
TABLE 18 RAMAN SPECTROSCOPY MARKET FOR PHARMACEUTICAL APPLICATION, BY REGION, 2017-2020 (USD MILLION) 99
TABLE 19 RAMAN SPECTROSCOPY MARKET FOR PHARMACEUTICAL APPLICATION, BY REGION, 2021-2026 (USD MILLION) 99
TABLE 20 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 99
TABLE 21 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 100
TABLE 22 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 100
TABLE 23 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 100
TABLE 24 RAMAN SPECTROSCOPY MARKET IN APAC FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 101
TABLE 25 RAMAN SPECTROSCOPY MARKET IN APAC FOR PHARMACEUTICAL APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 101
TABLE 26 RAMAN SPECTROSCOPY MARKET IN ROW FOR PHARMACEUTICAL APPLICATION, BY REGION, 2017-2020 (USD MILLION) 101
TABLE 27 RAMAN SPECTROSCOPY MARKET IN ROW FOR PHARMACEUTICAL APPLICATION, BY REGION, 2021-2026 (USD MILLION) 102
9.3 MATERIALS SCIENCE 102
9.3.1 RAMAN SPECTROSCOPY IS ONE OF MOST POWERFUL TECHNIQUES TO EXTRACT PHYSICAL AND CHEMICAL INFORMATION OF MATERIALS 102
TABLE 28 RAMAN SPECTROSCOPY MARKET FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2017-2020 (USD MILLION) 102
TABLE 29 RAMAN SPECTROSCOPY MARKET FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2021-2026 (USD MILLION) 103
TABLE 30 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 103
TABLE 31 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 103
TABLE 32 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 104
TABLE 33 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 104
TABLE 34 RAMAN SPECTROSCOPY MARKET IN APAC FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 104
TABLE 35 RAMAN SPECTROSCOPY MARKET IN APAC FOR MATERIALS SCIENCE APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 105
TABLE 36 RAMAN SPECTROSCOPY MARKET IN ROW FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2017-2020 (USD MILLION) 105
TABLE 37 RAMAN SPECTROSCOPY MARKET IN ROW FOR MATERIALS SCIENCE APPLICATION, BY REGION, 2021-2026 (USD MILLION) 105
9.4 LIFE SCIENCE 106
9.4.1 RAMAN SPECTROSCOPY PROVIDES VALUABLE INSIGHTS CHARACTERISTIC SPECTRUM OF DIFFERENT LIFE SCIENCE MATERIALS 106
FIGURE 42 APAC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR LIFE SCIENCE APPLICATION DURING FORECAST PERIOD 106
TABLE 38 RAMAN SPECTROSCOPY MARKET FOR LIFE SCIENCE APPLICATION, BY REGION, 2017-2020 (USD MILLION) 107
TABLE 39 RAMAN SPECTROSCOPY MARKET FOR LIFE SCIENCE APPLICATION, BY REGION, 2021-2026 (USD MILLION) 107
TABLE 40 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 107
TABLE 41 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 108
TABLE 42 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 108
TABLE 43 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 108
TABLE 44 RAMAN SPECTROSCOPY MARKET IN APAC FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 109
TABLE 45 RAMAN SPECTROSCOPY MARKET IN APAC FOR LIFE SCIENCE APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 109
TABLE 46 RAMAN SPECTROSCOPY MARKET IN ROW FOR LIFE SCIENCE APPLICATION, BY REGION, 2017-2020 (USD MILLION) 109
TABLE 47 RAMAN SPECTROSCOPY MARKET IN ROW FOR LIFE SCIENCE APPLICATION, BY REGION, 2021-2026 (USD MILLION) 110
9.5 CARBON MATERIAL 110
9.5.1 RAMAN SPECTROSCOPY IS USED TO RESEARCH, DEVELOP, AND CONTROL QUALITY OF CARBON MATERIALS 110
TABLE 48 RAMAN SPECTROSCOPY MARKET FOR CARBON MATERIAL APPLICATION, BY REGION, 2017-2020 (USD MILLION) 110
TABLE 49 RAMAN SPECTROSCOPY MARKET FOR CARBON MATERIAL APPLICATION, BY REGION, 2021-2026 (USD MILLION) 111
TABLE 50 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 111
TABLE 51 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 111
TABLE 52 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 112
TABLE 53 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 112
TABLE 54 RAMAN SPECTROSCOPY MARKET IN APAC FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 112
TABLE 55 RAMAN SPECTROSCOPY MARKET IN APAC FOR CARBON MATERIAL APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 113
TABLE 56 RAMAN SPECTROSCOPY MARKET IN ROW FOR CARBON MATERIAL APPLICATION, BY REGION, 2017-2020 (USD MILLION) 113
TABLE 57 RAMAN SPECTROSCOPY MARKET IN ROW FOR CARBON MATERIAL APPLICATION, BY REGION, 2021-2026 (USD MILLION) 113
9.6 SEMICONDUCTOR 114
9.6.1 RAMAN SPECTROSCOPY CAN BE USED TO CHARACTERIZE AND GENERATE IMAGES OF ALL SEMICONDUCTORS 114
FIGURE 43 APAC TO DOMINATE RAMAN SPECTROSCOPY MARKET FOR SEMICONDUCTOR APPLICATION FROM 2021 TO 2026 114
TABLE 58 RAMAN SPECTROSCOPY MARKET FOR SEMICONDUCTOR APPLICATION, BY REGION, 2017-2020 (USD MILLION) 115
TABLE 59 RAMAN SPECTROSCOPY MARKET FOR SEMICONDUCTOR APPLICATION, BY REGION, 2021-2026 (USD MILLION) 115
TABLE 60 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 115
TABLE 61 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 116
TABLE 62 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 116
TABLE 63 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 116
TABLE 64 RAMAN SPECTROSCOPY MARKET IN APAC FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2017-2020 (USD MILLION) 117
TABLE 65 RAMAN SPECTROSCOPY MARKET IN APAC FOR SEMICONDUCTOR APPLICATION, BY COUNTRY, 2021-2026 (USD MILLION) 117
TABLE 66 RAMAN SPECTROSCOPY MARKET IN ROW FOR SEMICONDUCTOR APPLICATION, BY REGION, 2017-2020 (USD MILLION) 117
TABLE 67 RAMAN SPECTROSCOPY MARKET IN ROW FOR SEMICONDUCTOR APPLICATION, BY REGION, 2021-2026 (USD MILLION) 118
9.7 OTHERS 118
9.7.1 OTHER APPLICATIONS OF RAMAN SPECTROSCOPY MARKET INCLUDE AGRICULTURE, CHEMICAL, FORENSIC, AND COSMETIC. 118
9.7.2 AGRICULTURE 118
9.7.3 CHEMICAL 118
9.7.4 FORENSIC 118
9.7.5 COSMETIC 118
TABLE 68 RAMAN SPECTROSCOPY MARKET FOR OTHER APPLICATIONS, BY REGION, 2017-2020 (USD MILLION) 119
TABLE 69 RAMAN SPECTROSCOPY MARKET FOR OTHER APPLICATIONS, BY REGION, 2021-2026 (USD MILLION) 119
TABLE 70 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR OTHER APPLICATIONS, BY COUNTRY, 2017-2020 (USD MILLION) 119
TABLE 71 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA FOR OTHER APPLICATIONS, BY COUNTRY, 2021-2026 (USD MILLION) 120
TABLE 72 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR OTHER APPLICATIONS, BY COUNTRY, 2017-2020 (USD MILLION) 120
TABLE 73 RAMAN SPECTROSCOPY MARKET IN EUROPE FOR OTHER APPLICATIONS, BY COUNTRY, 2021-2026 (USD MILLION) 120
TABLE 74 RAMAN SPECTROSCOPY MARKET IN APAC FOR OTHER APPLICATIONS, BY COUNTRY, 2017-2020 (USD MILLION) 121
TABLE 75 RAMAN SPECTROSCOPY MARKET IN APAC FOR OTHER APPLICATIONS, BY COUNTRY, 2021-2026 (USD MILLION) 121
TABLE 76 RAMAN SPECTROSCOPY MARKET IN ROW FOR OTHER APPLICATIONS, BY REGION, 2017-2020 (USD MILLION) 121
TABLE 77 RAMAN SPECTROSCOPY MARKET IN ROW FOR OTHER APPLICATIONS, BY REGION, 2021-2026 (USD MILLION) 122

10 GEOGRAPHIC ANALYSIS 123
10.1 INTRODUCTION 124
FIGURE 44 REGIONAL SPLIT OF RAMAN SPECTROSCOPY MARKET 124
FIGURE 45 RAMAN SPECTROSCOPY MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 124
TABLE 78 RAMAN SPECTROSCOPY MARKET, BY REGION, 2017-2020 (USD MILLION) 125
TABLE 79 RAMAN SPECTROSCOPY MARKET, BY REGION, 2021-2026 (USD MILLION) 125
10.2 NORTH AMERICA 125
FIGURE 46 SNAPSHOT: RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA 126
TABLE 80 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY APPLICATION, 2017-2020 (USD MILLION) 126
TABLE 81 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY APPLICATION, 2021-2026 (USD MILLION) 127
FIGURE 47 US TO LEAD RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA THROUGHOUT FORECAST PERIOD 127
TABLE 82 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY COUNTRY, 2017-2020 (USD MILLION) 127
TABLE 83 RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA, BY COUNTRY, 2021-2026 (USD MILLION) 128
10.2.1 US 128
10.2.1.1 Prominent presence of Raman spectroscopy manufacturing companies to boost market growth in US 128
TABLE 84 RAMAN SPECTROSCOPY MARKET IN US, BY APPLICATION, 2017-2020 (USD MILLION) 129
TABLE 85 RAMAN SPECTROSCOPY MARKET IN US, BY APPLICATION, 2021-2026 (USD MILLION) 129
10.2.2 CANADA 129
10.2.2.1 Significant investments in R&D by government and non-government organizations to spur market growth in Canada 129
TABLE 86 RAMAN SPECTROSCOPY MARKET IN CANADA, BY APPLICATION, 2017-2020 (USD MILLION) 130
TABLE 87 RAMAN SPECTROSCOPY MARKET IN CANADA, BY APPLICATION, 2021-2026 (USD MILLION) 130
10.2.3 MEXICO 130
10.2.3.1 Increasing investments in healthcare sector in Mexico to propel market growth 130
TABLE 88 RAMAN SPECTROSCOPY MARKET IN MEXICO, BY APPLICATION, 2017-2020 (USD MILLION) 131
TABLE 89 RAMAN SPECTROSCOPY MARKET IN MEXICO, BY APPLICATION, 2021-2026 (USD MILLION) 131
10.3 EUROPE 132
FIGURE 48 SNAPSHOT: RAMAN SPECTROSCOPY MARKET IN EUROPE 132
TABLE 90 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY APPLICATION, 2017-2020 (USD MILLION) 133
TABLE 91 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY APPLICATION, 2021-2026 (USD MILLION) 133
FIGURE 49 UK IS EXPECTED TO RECORD HIGHEST CAGR IN RAMAN SPECTROSCOPY MARKET IN EUROPE DURING FORECAST PERIOD 134
TABLE 92 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY COUNTRY, 2017-2020 (USD MILLION) 134
TABLE 93 RAMAN SPECTROSCOPY MARKET IN EUROPE, BY COUNTRY, 2021-2026 (USD MILLION) 134
10.3.1 UK 135
10.3.1.1 Major players in the Raman spectroscopy market are investing in facilitation of R&D centers in UK 135
TABLE 94 RAMAN SPECTROSCOPY MARKET IN UK, BY APPLICATION, 2017-2020 (USD MILLION) 135
TABLE 95 RAMAN SPECTROSCOPY MARKET IN UK, BY APPLICATION, 2021-2026 (USD MILLION) 136
10.3.2 GERMANY 136
10.3.2.1 Surged demand for Raman spectroscopy in life science applications to spur market growth in Germany 136
TABLE 96 RAMAN SPECTROSCOPY MARKET IN GERMANY, BY APPLICATION, 2017-2020 (USD MILLION) 137
TABLE 97 RAMAN SPECTROSCOPY MARKET IN GERMANY, BY APPLICATION, 2021-2026 (USD MILLION) 137
10.3.3 FRANCE 137
10.3.3.1 Presence of numerous laboratories specializing in Raman spectroscopy responsible for market growth in France 137
TABLE 98 RAMAN SPECTROSCOPY MARKET IN FRANCE, BY APPLICATION, 2017-2020 (USD MILLION) 138
TABLE 99 RAMAN SPECTROSCOPY MARKET IN FRANCE, BY APPLICATION, 2021-2026 (USD MILLION) 138
10.3.4 REST OF EUROPE (ROE) 139
TABLE 100 RAMAN SPECTROSCOPY MARKET IN REST OF EUROPE, BY APPLICATION, 2017-2020 (USD MILLION) 139
TABLE 101 RAMAN SPECTROSCOPY MARKET IN REST OF EUROPE, BY APPLICATION, 2021-2026 (USD MILLION) 139
10.4 APAC 140
FIGURE 50 SNAPSHOT: RAMAN SPECTROSCOPY MARKET IN APAC 140
TABLE 102 RAMAN SPECTROSCOPY MARKET IN APAC, BY APPLICATION, 2017-2020 (USD MILLION) 141
TABLE 103 RAMAN SPECTROSCOPY MARKET IN APAC, BY APPLICATION, 2021-2026 (USD MILLION) 141
FIGURE 51 CHINA TO DOMINATE RAMAN SPECTROSCOPY MARKET IN APAC DURING FORECAST PERIOD 141
TABLE 104 RAMAN SPECTROSCOPY MARKET IN APAC, BY COUNTRY, 2017-2020 (USD MILLION) 142
TABLE 105 RAMAN SPECTROSCOPY MARKET IN APAC, BY COUNTRY, 2021-2026 (USD MILLION) 142
10.4.1 CHINA 142
10.4.1.1 China likely to be fastest-growing market for Raman spectroscopy in APAC 142
TABLE 106 RAMAN SPECTROSCOPY MARKET IN CHINA, BY APPLICATION, 2017-2020 (USD MILLION) 143
TABLE 107 RAMAN SPECTROSCOPY MARKET IN CHINA, BY APPLICATION, 2021-2026 (USD MILLION) 143
10.4.2 JAPAN 144
10.4.2.1 Increasing healthcare expenditure to lead to increased demand for Raman spectroscopy in Japan 144
TABLE 108 RAMAN SPECTROSCOPY MARKET IN JAPAN, BY APPLICATION, 2017-2020 (USD MILLION) 144
TABLE 109 RAMAN SPECTROSCOPY MARKET IN JAPAN, BY APPLICATION, 2021-2026 (USD MILLION) 144
10.4.3 SOUTH KOREA 145
10.4.3.1 Presence of different universities and research institutes that employ Raman spectroscopy to spur market growth in South Korea 145
TABLE 110 RAMAN SPECTROSCOPY MARKET IN SOUTH KOREA, BY APPLICATION, 2017-2020 (USD MILLION) 145
TABLE 111 RAMAN SPECTROSCOPY MARKET IN SOUTH KOREA, BY APPLICATION, 2021-2026 (USD MILLION) 145
10.4.4 INDIA 146
10.4.4.1 Expanding pharmaceuticals industry to fuel growth of Raman spectroscopy market in India 146
TABLE 112 RAMAN SPECTROSCOPY MARKET IN INDIA, BY APPLICATION, 2017-2020 (USD MILLION) 146
TABLE 113 RAMAN SPECTROSCOPY MARKET IN INDIA, BY APPLICATION, 2021-2026 (USD MILLION) 146
10.4.5 REST OF APAC 147
TABLE 114 RAMAN SPECTROSCOPY MARKET IN REST OF APAC, BY APPLICATION, 2017-2020 (USD MILLION) 147
TABLE 115 RAMAN SPECTROSCOPY MARKET IN REST OF APAC, BY APPLICATION, 2021-2026 (USD MILLION) 147
10.5 ROW 148
TABLE 116 RAMAN SPECTROSCOPY MARKET IN ROW, BY APPLICATION, 2017-2020 (USD MILLION) 148
TABLE 117 RAMAN SPECTROSCOPY MARKET IN ROW, BY APPLICATION, 2021-2026 (USD MILLION) 148
FIGURE 52 MIDDLE EAST & AFRICA TO CAPTURE LARGER SIZE OF RAMAN SPECTROSCOPY MARKET IN 2021 149
TABLE 118 RAMAN SPECTROSCOPY MARKET IN ROW, BY COUNTRY, 2017-2020 (USD MILLION) 149
TABLE 119 RAMAN SPECTROSCOPY MARKET IN ROW, BY COUNTRY, 2021-2026 (USD MILLION) 149
10.5.1 MIDDLE EAST AND AFRICA 150
10.5.1.1 Rising adoption of Raman spectrometers by research institutes, distributors, and universities support market growth in MEA 150
TABLE 120 RAMAN SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2017-2020 (USD MILLION) 150
TABLE 121 RAMAN SPECTROSCOPY MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2021-2026 (USD MILLION) 150
10.5.2 SOUTH AMERICA 151
10.5.2.1 Increasing investments in pharmaceutical and life science research creates opportunities for market growth 151
TABLE 122 RAMAN SPECTROSCOPY MARKET IN SOUTH AMERICA, BY APPLICATION, 2017-2020 (USD MILLION) 151
TABLE 123 RAMAN SPECTROSCOPY MARKET IN SOUTH AMERICA, BY APPLICATION, 2021-2026 (USD MILLION) 151
10.6 COVID-19 IMPACT ON RAMAN SPECTROSCOPY MARKET IN VARIOUS REGIONS 152
10.6.1 MOST IMPACTED REGION 152
10.6.1.1 North America 152
FIGURE 53 IMPACT OF COVID-19 ON RAMAN SPECTROSCOPY MARKET IN NORTH AMERICA 152
10.6.2 LEAST IMPACTED REGION 152
10.6.2.1 APAC 152
FIGURE 54 IMPACT OF COVID-19 ON RAMAN SPECTROSCOPY MARKET IN APAC 153

11 COMPETITIVE LANDSCAPE 154
11.1 OVERVIEW 154
11.2 MARKET EVALUATION FRAMEWORK 154
TABLE 124 OVERVIEW OF STRATEGIES DEPLOYED BY KEY RAMAN SPECTROSCOPY MANUFACTURING COMPANIES 154
11.2.1 PRODUCT PORTFOLIO 155
11.2.2 REGIONAL FOCUS 155
11.2.3 MANUFACTURING FOOTPRINT 155
11.2.4 ORGANIC/INORGANIC STRATEGIES 155
11.3 MARKET SHARE ANALYSIS, 2020 156
TABLE 125 RAMAN SPECTROSCOPY MARKET: MARKET SHARE ANALYSIS (2020) 156
11.4 5-YEAR COMPANY REVENUE ANALYSIS 157
FIGURE 55 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN RAMAN SPECTROSCOPY MARKET, 2016-2020 157
11.5 COMPANY EVALUATION QUADRANT 158
11.5.1 STAR 158
11.5.2 EMERGING LEADER 158
11.5.3 PERVASIVE 158
11.5.4 PARTICIPANT 158
FIGURE 56 RAMAN SPECTROSCOPY MARKET: COMPANY EVALUATION QUADRANT, 2020 159
11.6 COMPANY FOOTPRINT 160
TABLE 126 COMPANY FOOTPRINT 160
TABLE 127 COMPANY APPLICATION FOOTPRINT 161
TABLE 128 COMPANY REGION FOOTPRINT 162
11.7 COMPETITIVE SITUATIONS AND TRENDS 163
11.7.1 PRODUCT LAUNCHES 163
TABLE 129 PRODUCT LAUNCHES, JANUARY 2018-DECEMBER 2021 163
11.7.2 DEALS 167
TABLE 130 DEALS, JANUARY 2018-DECEMBER 2021 167
11.7.3 OTHERS 169
TABLE 131 INVESTMENTS AND EXPANSION, JANUARY 2018-DECEMBER 2021 169

12 COMPANY PROFILES 170
(Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 12.1 KEY PLAYERS 170
12.1.1 THERMO FISHER SCIENTIFIC INC. 170
TABLE 132 THERMO FISHER SCIENTIFIC INC.: BUSINESS OVERVIEW 170
FIGURE 57 THERMO FISHER SCIENTIFIC, INC.: COMPANY SNAPSHOT 171
12.1.2 AGILENT TECHNOLOGIES, INC. 174
TABLE 133 AGILENT TECHNOLOGIES, INC.: BUSINESS OVERVIEW 174
FIGURE 58 AGILENT TECHNOLOGIES, INC.: COMPANY SNAPSHOT 175
12.1.3 BRUKER CORPORATION 179
TABLE 134 BRUKER CORPORATION: BUSINESS OVERVIEW 179
FIGURE 59 BRUKER CORPORATION: COMPANY SNAPSHOT 180
12.1.4 METTLER-TOLEDO INTERNATIONAL, INC. 183
TABLE 135 METTLER-TOLEDO INTERNATIONAL INC.: BUSINESS OVERVIEW 183
FIGURE 60 METTLER-TOLEDO INTERNATIONAL INC.: COMPANY SNAPSHOT 184
12.1.5 RENISHAW PLC 186
TABLE 136 RENISHAW PLC: BUSINESS OVERVIEW 186
FIGURE 61 RENISHAW PLC: COMPANY SNAPSHOT 187
12.1.6 HORIBA, LTD. 190
TABLE 137 HORIBA, LTD.: BUSINESS OVERVIEW 190
FIGURE 62 HORIBA LTD.: COMPANY SNAPSHOT 191
12.1.7 METROHM AG 196
TABLE 138 METROHM AG: BUSINESS OVERVIEW 196
12.1.8 KAISER OPTICAL SYSTEMS, INC. 199
TABLE 139 KAISER OPTICAL SYSTEMS, INC.: BUSINESS OVERVIEW 199
12.1.9 RIGAKU CORPORATION 201
TABLE 140 RIGAKU CORPORATION: BUSINESS OVERVIEW 201
12.1.10 PERKINELMER, INC. 205
TABLE 141 PERKINELMER, INC.: BUSINESS OVERVIEW 205
FIGURE 63 PERKINELMER, INC.: COMPANY SNAPSHOT 206
12.2 OTHER KEY PLAYERS 208
12.2.1 ANTON PAAR GMBH 208
12.2.2 TORNADO SPECTRAL SYSTEMS, INC. 209
12.2.3 WITEC GMBH 210
12.2.4 OCEAN INSIGHT 211
12.2.5 HAMAMATSU PHOTONICS K.K. 212
12.2.6 B&W TEK, INC. 213
12.2.7 ENHANCED SPECTROMETRY, INC. 213
12.2.8 PHOTON SYSTEMS 214
12.2.9 LASER DETECT SYSTEMS 214
12.2.10 OSTEC 215
*Details on Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 13 APPENDIX 216
13.1 DISCUSSION GUIDE 216
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 219
13.3 AVAILABLE CUSTOMIZATIONS 221
13.4 RELATED REPORTS 221
13.5 AUTHOR DETAILS 222