Regional Analysis
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa
Global Raman Spectroscopy Market- Regional Insights
- North America is expected to be the largest market for Raman spectroscopy during the forecast period, accounting for over 35% of the market share in 2023. The growth of the market in North America is attributed to increasing R&D investments and growing focus on product development using Raman spectroscopy.
- Asia Pacific is expected to be the second-largest market for Raman spectroscopy, accounting for over 25% of the market share in 2023. The growth of the market is attributed to expanding pharmaceutical industry and growth in outsourcing drug discovery services to the region.
- Europe is expected to be the fastest-growing market for Raman spectroscopy, with a CAGR of over 9% during the forecast period. The growth of the market in Europe is attributed to increasing research activities and growing investments in biotechnology sector.