According to Fortune Business Insights™, the global Raman spectroscopy market size was valued at USD 2.94 billion in 2024. The market is projected to grow from USD 3.66 billion in 2025 to USD 14.74 billion by 2032, exhibiting a CAGR of 22.01% during the forecast period. North America dominated the market in 2024 with a share of 34.35%, led by the region’s strong research ecosystem and widespread pharmaceutical adoption.

What is Raman Spectroscopy?

Raman spectroscopy is a non-destructive analytical technique that utilizes laser light to examine molecular vibrations and chemical compositions. This technology is gaining widespread adoption across pharmaceuticals, biotechnology, materials science, and environmental testing due to its precision, speed, and ability to analyze samples in their natural state without labeling.

Key Companies Profiled

• Bruker (U.S.)
• Thermo Fisher Scientific (U.S.)
• Anton Paar (Austria)
• B&W Tek (U.S.)
• Agilent Technologies (U.S.)
• Horiba Scientific (U.S.)
• IS-Instruments (U.K.)
• Renishaw PLC (U.K.)
• Perkin Elmer (U.S.)
• Metrohm (Switzerland)

Source:

https://www.fortunebusinessinsights.com/raman-spectroscopy-market-113033

Market Segmentation

By End User