Raman Spectroscopy Market Competitive Analysis 2018 to 2021
According to the report, one of the major drivers for this market is Increased focus on drug development in healthcare industry. The pharmaceutical industry is experiencing high R&D expenditure year-over-year. Raman spectroscopy is used extensively in the R&D in the pharmaceutical industry for testing and new drug discovery. This will drive the demand for Raman spectrometers across the globe.
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Companies Mentioned are:
Thermo Fisher Scientific
Other Prominent Vendors in the market are: FOSS, GBC Scientific Equipment, JASCO, Metal Power, Rigaku Corporation, and WATERS
The Global Raman Spectroscopy Market to Grow at a CAGR of 7.28% during the period 2017-2021
The report covers the present scenario and the growth prospects of the global Raman Spectroscopy market for 2017-2021. To calculate the market size, the report considers new installations and retrofit market.
Segmentation by application and analysis of the raman spectroscopy market
The market is divided into the following segments based on geography: Americas, APAC, EMEA
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This independent 67 page report guarantees you will remain better informed than your competition. With over tables and figures examining the Raman Spectroscopy market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
Market Challenge in this Report:
- High cost of ownership
- For a full, detailed list, view our report
Market Trend in this Report:
- Increasing demand for cloud-based spectroscopy
- For a full, detailed list, view our report
Commenting on the report, an analyst from Industry Dataanalytics’s team said: The latest trend gaining momentum in the market is Increasing demand for cloud-based spectroscopy. Cloud-based spectroscopy is considered to be the next-generation spectroscopy. Scanners, smartphones, and cloud-based data are used in this technique. Tellspec, one of the prominent providers of cloud-based spectroscopy, has developed a handheld food scanner that connects to a smartphone, as well as a cloud-based database, to apprise the user about the levels of chemicals, allergens, calories, nutrients, and the ingredients present in any food item. Tellspec's food scanner technology is based on near infrared spectroscopy. However, cloud-based spectroscopy model for Raman spectroscopy is expected to be offered by companies during the forecast period.
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Major points covered in Global Automotive Start-stop System Market2018 Research are:-
• What will the market size and the growth rate be in 2021?
• What are the key factors driving the Global Raman Spectroscopy market?
• What are the key market trends impacting the growth of the Global Raman Spectroscopy market?
• What are the challenges to market growth?
• Who are the key vendors in the Global Raman Spectroscopy market?
• What are the market opportunities and threats faced by the vendors in the Global Raman Spectroscopy market?
• What are the key outcomes of the five forces analysis of the Global Raman Spectroscopy market?
Further, the report states that one of the major factors hindering the growth of this market is High cost of ownership. One of the major challenges for vendors in the market is the high cost incurred in the R&D of atomic spectroscopy. The development process of spectroscopy consists of the designing, testing, and implementation stages. The development of atomic spectroscopy begins with the establishment of technology platforms and then advances to the design of specific applications, followed by the development and intensive testing processes. Hence, the process is lengthy, expensive, and time-consuming. Costs are added on because of the technology used and requirement for highly skilled specialists. Small companies and CROs might be deterred by these costs. These costs are passed on to customers, which increases the acquisition cost of the equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Industrydataanalytics provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth market research studies i.e. market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more. Industrydataanalytics provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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