(MENAFN- Navistrat Analytics) October 07, 2025- The rising use of Raman spectroscopy in pharmaceuticals for drug development is a key factor driving revenue growth in the market. Raman spectroscopy has established itself as a highly effective analytical technique for numerous applications in drug discovery and development. Continuous advancements in instrumentation, sensor technologies, and data processing have increased its acceptance across industries. One of its notable advantages is that the method is unaffected by water molecules, making it more reliable than older techniques for analyzing diverse substances in drug delivery systems.

In May 2025, DialAct Corporation, a leading Silicon Valley-based distributor of advanced technology products, announced the official launch of its Raman spectrometer portfolio in collaboration with ELODIZ Ltd, a UK-based company recognized for precision-engineered scientific instruments. This initiative marks a significant milestone for DialAct, as it introduces advanced research-grade Raman solutions into the U.S. market with localized support.

Despite its strengths, Raman spectroscopy has certain limitations. Safety concerns related to high-power lasers and the potential for sample damage pose challenges. Moreover, complex instrument configurations and software requirements can hinder ease of use, especially when compared with the more straightforward application of near-infrared (NIR) spectroscopy. In law enforcement scenarios, NIR spectroscopy often provides a better fit due to its precision, faster analysis, and enhanced safety profile.

Segments market overview and growth Insights
Based on product type, the Raman spectroscopy market is segmented into instruments, software, and services. Instruments segment contributed the largest share in 2024. A Raman spectrometer, which performs Raman spectroscopy using a laser excitation source, enables stand-off analysis by allowing users to remain at a distance from the analyte. Like other optical spectroscopy techniques, Raman delivers results within seconds, making it well-suited for real-time monitoring, short-lived species detection, and high-throughput analysis.

Regional market overview and growth insights
North America held the largest market share in the Raman Spectroscopy market in 2024. The broader adoption of Raman spectroscopy is also fueled by its growing role in food safety, agriculture, and environmental monitoring. Manufacturers apply Raman systems to ensure real-time compound analysis, detect contaminants, and maintain quality consistency. In the food and beverage sector, it supports product authenticity verification and contaminant detection, helping companies meet safety regulations.

Competitive Landscape and Key Competitors
The Raman Spectroscopy market is characterized by a fragmented structure, with many competitors holding a significant share of the market. List of major players included in the Raman Spectroscopy market report are:

o Thermo Fisher Scientific Inc.
o Bruker Corporation
o Renishaw plc
o HORIBA Group
o Agilent Technologies, Inc.
o Anton Paar GmbH
o Metrohm AG
o Endress+Hauser Group Services AG
o JASCO
o Holmarc Opto-Mechatronics Ltd
o METTLER TOLEDO
o Shimadzu Corporation
o Avantes BV
o Agiltron Inc.
o Wasatch Photonics

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Major strategic developments by leading competitors
NSF: In June 2025, NSF, a globally recognized public health and safety organization, launched specialized research and testing services leveraging Morphologically Directed Raman Spectroscopy (MDRS). This technology enables statistically robust component-specific particle size and morphology studies, in vitro bioequivalence assessments, and formulation particle size reverse-engineering research.

Timegate Instruments Ltd.: In June 2022, Timegate Instruments Ltd. introduced the PicoRaman M3, its third-generation device based on proprietary Timegated Raman technology, offering true fluorescence rejection. The system provides cutting-edge features such as real-time, continuous online measurements, highly specific chemical data, and non-destructive analysis capabilities.

Navistrat Analytics has segmented the Raman Spectroscopy market based on product type, spectral range, sampling technique, end-use, and region:
• Product Type Outlook (Revenue, USD Million; 2022-2032)
o Instruments
o Software
o Services

• Spectral Range Outlook (Revenue, USD Million; 2022-2032)
o Near-Infrared (NIR) Raman
o Visible Raman
o Ultraviolet (UV) Raman

• Sampling Technique Outlook (Revenue, USD Million; 2022-2032)
o Surface-enhanced Raman Spectroscopy (SERS)
o Resonance Raman Spectroscopy (RRS)
o Coherent Anti-Stokes Raman Scattering (CARS)
o Tip-enhanced Raman Spectroscopy (TERS)
o Confocal Raman Spectroscopy
o Others

• End-Use Outlook (Revenue, USD Million; 2022-2032)
o Pharmaceutical & Biotechnology Companies
o Academic & Research Institutions
o Food & Agriculture Industry
o Chemical & Petrochemical Industry
o Semiconductor & Electronics Companies
o Environmental Testing Laboratories
o Forensic Laboratories
o Others

• Regional Outlook (Revenue, USD Million; 2022-2032)
o North America
a. U.S.
b. Canada
c. Mexico
o Europe
a. Germany
b. France
c. U.K.
d. Italy
e. Spain
f. Benelux
g. Nordic Countries
h. Rest of Europe
o Asia Pacific
a. China
b. India
c. Japan
d. South Korea
e. Oceania
f. ASEAN Countries
g. Rest of APAC
o Latin America
a. Brazil
b. Rest of LATAM
o Middle East & Africa
a. GCC Countries
b. South Africa
c. Israel
d. Turkey
e. Rest of MEA

@~Navistrat Analytics

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