February 20, 2019
WELLESLEY, Mass., February 20, 2019 – Raman spectroscopy is a chemical analysis that helps professionals in life sciences, material sciences, the chemical industry and semiconductor manufacturing maintain product quality and operational efficiency. Due to its ease of use and successful applications in a variety of industries, the North American market for Raman spectroscopy has demonstrated uncapped growing potential.
In 2018, the North American market for Raman spectroscopy was worth $695.1 million. A new report by BCC Research, “Raman Spectroscopy: Technologies and North American Markets,” estimates that the market will reach a value of $1.0 billion by 2023, indicating a compound annual growth rate (CAGR) of 7.7%.
Driving Factors of the Raman Spectroscopy Global Market
The impact of Raman spectroscopy reaches further beyond the American market, as the push for early diagnosis of cancer is driving growth in Mexico and Canada. These countries are also utilizing the technology for government safety regulations in the healthcare, food and beverages, and chemical industries.
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Raman Spectroscopy: Technologies and North American Markets( IAS145A )
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