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Raman Spectroscopy Market: Global Industry Overview (2024-2030) by Instrument, Sampling, Application, and, Region
Raman Spectroscopy Market size was valued at US$ 743.72 Million in 2023 and the total Raman Spectroscopy revenue is expected to grow at 7.6% through 2024 to 2030, reaching nearly US$ 1241.92 Million.
Format : PDF | Report ID : SMR_433
Raman Spectroscopy Market Overview:
Raman spectroscopy is a non-invasive scientific analytical technique that yields precise insights into the underlying composition, form and polymorphy, crystalline nature, and chemical nature. It is dependent on light's interplay with chemical reactions within a substance. Raman spectroscopy investigates a material's chemical composition and integrity, phasing and heterogeneity, inherent stress or tension, degradation, and adulteration.
Raman spectroscopy, with a spacing of 0.4-1 micrometer, may be utilized for microscopic examination. A Raman microscope can be used to do such an analysis. A Raman instrument is a device that connects a Raman spectrometer to a regular optical microscope, enabling high-resolution imaging of material as well as Raman examination using a minuscule beam point. Raman micro-analysis is simple; simply put the specimen under the eyepiece, zoom, and evaluate.
The market's growth drivers, as well as the market's segments (Instrument, Sampling, Application, and, Region), are analyzed in this research. Market participants, regions, and special requirements have all provided data. This market study provides an in-depth look at all of the important advancements that are currently taking place across all industry sectors. Statistics, Infographics, and Presentations are used to provide key data analysis. The analysis looks at the market's Drivers, Restraints, Opportunities, and Challenges for the Raman Spectroscopy market. The study aids in the evaluation of market growth drivers and the determination of how to employ these drivers as a tool. The research also aids in the correction and resolution of difficulties with the global Raman Spectroscopy market.
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Raman Spectroscopy Market Dynamics:
Raman spectroscopy's analytical tools are progressively being used at various phases of drug design. Biochemical verification, molecular genetics research and diagnostic tools, solid form testing, biological analysis, composition insights in late-stage drug research, procedure metrics, quality standards, raw - materials certification, and imitation detection are all examples of this. Initial studies are an important component of clinical development, and they are carried out to understand the physical and chemical properties of prospective medications in order to facilitate synthesis development for preclinical and medical investigations.
Despite its numerous advantages, Raman spectroscopy market has wide demand from variety of fields. The primary cause is the expensive cost of Raman spectrometer equipment. Raman instruments are significantly more costly than their competitors. This is because the illumination laser and detector are quite expensive. Because of beam lifespan and corresponding repairs, Raman devices can be more costly to repair over time. Almost all quantitative Raman instruments are safe Grade I devices. However, because Raman spectrometers are non-invasive and have no contact, they do not necessitate the use of certain items or complicated samples, lowering their total price.
The use of cloud technology for research areas, particularly scientific processes, is progressively gaining traction. The pay-per-product concept and flexibility are two of the cloud's main draws. While the cloud's flexibility can be advantageous for many purposes and use cases, it also creates substantial obstacles in the creation of apps or solutions. Cloud-oriented technologies and incorporated spectroscopic analytical techniques are becoming more popular in facilities. These solutions can link devices, obtain the most recent information to help in the handling of massive and complicated databases, and acquire greater actionable insights quickly and accurately than previously thought possible.
Raman Spectroscopy Market Segment Analysis:
By Instruments, Handheld and Portable Raman instrument segment are expected to witness a CAGR of 5.8% in the raman spectroscopy market.
This increase is related to strong growth from pharma, biological sciences, and material science sectors for biomaterials quantifying, multispectral biomolecular imaging of cellular components, clinical applications, and thorough evaluation of pharmacological raw resources. Because of technological developments in portable and mobile Raman spectroscopy tools, users may now do observations in the open instead of sending all materials to the lab. As a result, by conducting the first assessment of the data, time may be saved for evaluation. Raman spectroscopies, both fixed and movable, are often used to determine or validate the constituents of a material. Medicinal labs, for example, deploy these tools to check the legitimacy of medications and the substances used to make such medications.
By Sampling, the SERS segment of raman spectroscopy market is expected to grow at a CAGR of 4.7% in the same forecast period.
The ongoing technological breakthroughs in nanotech, as well as intensive practical and theoretical study, have greatly extended the scope of SERS and raised its consumption in the medicinal, biological sciences, and mineral research projects. SERS is superior to conventional Raman spectroscopy sampling approaches in various ways. Because of the considerable increase in signal amplitude, a larger calibration curve may be investigated, with initial limits that are much smaller than those of standard Raman scattering methods
Raman Spectroscopy Market Regional Insights:
The Asia Pacific is projected to dominate the Raman spectroscopy market at the end of the forecast period. This growth might be ascribed to the rising demand for medicinal, biological sciences, and advanced materials applications in Japan and South Korea. Additionally, the presence of a multitude of pharma and bioscience firms, as well as multinational pharmaceutical organizations, is supporting the Raman spectroscopy market growth in the region.
The continued involvement of government entities in enhancing the quality of healthcare infrastructure, urbanization, growth of the market’s Gross Domestic Product, and assistance provided by local as well as many companies to broaden the pharma and biosciences sectors in emerging regions can all be credited to the market growth in the region.
The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Raman Spectroscopy Market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Raman Spectroscopy Market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Raman Spectroscopy Market by product, price, financial situation, product portfolio, growth plans, and geographical presence.
Raman Spectroscopy Market Scope:
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Raman Spectroscopy Market |
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Market Size in 2023 |
USD 743.72 Mn. |
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Market Size in 2030 |
USD 1241.92 Mn. |
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CAGR (2024-2030) |
7.6% |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
by Instrument
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by Sampling
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by Application
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Raman Spectroscopy Market Players:
- Thermo Fisher Scientific, Inc. (US)
- Agilent Technologies, Inc. (US)
- Bruker Corporation (US)
- Mettler-Toledo International, Inc. (Switzerland)
- Renishaw PLC (UK)
- Horiba, Ltd. (Japan)
- Metrohm AG (Switzerland)
- Kaiser Optical Systems, Inc. (US)
- Rigaku Corporation (Japan)
- PerkinElmer, Inc. (US)
Frequently Asked Questions
Raman spectroscopy's analytical tools are progressively being used at various phases of drug design.
The key players are Agilent, Horiba, etc.
Handheld and Portable Raman instrument segment are expected to witness a CAGR of 5.8% in the aforementioned forecast period.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Raman Spectroscopy Market: Target Audience
2.3. Global Raman Spectroscopy Market: Primary Research (As per Client Requirement)
2.4. Global Raman Spectroscopy Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2023-2030
4.1.1. Market Share Analysis, By Region, By Value, 2023-2030 (In %)
4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.1.2. Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.1. North America Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.1.1. USA Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.1.2. Canada Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.1.3. Mexico Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2. Europe Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.1. UK Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.2. France Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.3. Germany Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.4. Italy Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.5. Spain Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.6. Sweden Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.7. Austria Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.2.8. Rest of Europe Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3. Asia Pacific Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3.1. China Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3.2. India Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3.3. Japan Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3.4. South Korea Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3.5. Australia Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3.6. ASEAN Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.3.7. Rest of APAC Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.4. South America Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.4.1. Brazil Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.4.2. Argentina Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.4.3. Rest of South America Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.5. Middle East and Africa Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.5.1. South Africa Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.5.2. GCC Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.5.3. Egypt Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.5.4. Nigeria Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.2.5.5. Rest of Middle East and Africa Market Share Analysis, By Instrument, By Value, 2023-2030 (In %)
4.1.3. Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.1. North America Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.1.1. USA Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.1.2. Canada Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.1.3. Mexico Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2. Europe Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.1. UK Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.2. France Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.3. Germany Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.4. Italy Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.5. Spain Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.6. Sweden Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.7. Austria Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.2.8. Rest of Europe Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3. Asia Pacific Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3.1. China Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3.2. India Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3.3. Japan Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3.4. South Korea Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3.5. Australia Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3.6. ASEAN Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.3.7. Rest of APAC Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.4. South America Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.4.1. Brazil Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.4.2. Argentina Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.4.3. Rest of South America Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.5. Middle East and Africa Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.5.1. South Africa Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.5.2. GCC Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.5.3. Egypt Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.5.4. Nigeria Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.3.5.5. Rest of Middle East and Africa Market Share Analysis, By Sampling, By Value, 2023-2030 (In %)
4.1.4. Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1. North America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.1. USA Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.2. Canada Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.3. Mexico Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2. Europe Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.1. UK Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.2. France Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.3. Germany Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.4. Italy Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.5. Spain Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.6. Sweden Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.7. Austria Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.8. Rest of Europe Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3. Asia Pacific Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.1. China Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.2. India Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.3. Japan Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.4. South Korea Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.5. Australia Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.6. ASEAN Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.7. Rest of APAC Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4. South America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.1. Brazil Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.2. Argentina Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.3. Rest of South America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5. Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.1. South Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.2. GCC Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.3. Egypt Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.4. Nigeria Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.5. Rest of Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.2. Stellar Competition matrix
4.2.1. Global Stellar Competition Matrix
4.2.2. North America Stellar Competition Matrix
4.2.3. Europe Stellar Competition Matrix
4.2.4. Asia Pacific Stellar Competition Matrix
4.2.5. South America Stellar Competition Matrix
4.2.6. Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1. Key Players Benchmarking By Instrument, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1. M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1. Market Drivers
4.5.2. Market Restraints
4.5.3. Market Opportunities
4.5.4. Market Challenges
4.5.5. PESTLE Analysis
4.5.6. PORTERS Five Force Analysis
4.5.7. Value Chain Analysis
Chapter 5 Global Raman Spectroscopy Market Segmentation: By Instrument
5.1. Global Raman Spectroscopy Market, By Instrument, Overview/Analysis, 2023-2030
5.2. Global Raman Spectroscopy Market, By Instrument, By Value, Market Share (%), 2023-2030 (USD Million)
5.3. Global Raman Spectroscopy Market, By Instrument, By Value, -
5.3.1. Microscopy Raman
5.3.2. FT Raman
5.3.3. Handheld & Portable Raman
5.3.4. Other
Chapter 6 Global Raman Spectroscopy Market Segmentation: By Sampling
6.1. Global Raman Spectroscopy Market, By Sampling, Overview/Analysis, 2023-2030
6.2. Global Raman Spectroscopy Market Size, By Sampling, By Value, Market Share (%), 2023-2030 (USD Million)
6.3. Global Raman Spectroscopy Market, By Sampling, By Value, -
6.3.1. Surface-Enhanced Raman Scattering (SERS)
6.3.2. Tip Enhanced Raman Scattering (TERS)
6.3.3. Other
Chapter 7 Global Raman Spectroscopy Market Segmentation: By Application
7.1. Global Raman Spectroscopy Market, By Application, Overview/Analysis, 2023-2030
7.2. Global Raman Spectroscopy Market Size, By Application, By Value, Market Share (%), 2023-2030 (USD Million)
7.3. Global Raman Spectroscopy Market, By Application, By Value, -
7.3.1. Pharmaceutical
7.3.2. Life Science
7.3.3. Materials Science
7.3.4. Carbon Material
7.3.5. Semiconductor
7.3.6. Other
Chapter 8 Global Raman Spectroscopy Market Segmentation: By Region
8.1. Global Raman Spectroscopy Market, By Region – North America
8.1.1. North America Raman Spectroscopy Market Size, By Instrument, By Value, 2023-2030 (USD Million)
8.1.2. North America Raman Spectroscopy Market Size, By Sampling, By Value, 2023-2030 (USD Million)
8.1.3. North America Raman Spectroscopy Market Size, By Application, By Value, 2023-2030 (USD Million)
8.1.4. By Country – U.S.
8.1.4.1. U.S. Raman Spectroscopy Market Size, By Instrument, By Value, 2023-2030 (USD Million)
8.1.4.2. U.S. Raman Spectroscopy Market Size, By Sampling, By Value, 2023-2030 (USD Million)
8.1.4.3. U.S. Raman Spectroscopy Market Size, By Application, By Value, 2023-2030 (USD Million)
8.1.4.4. Canada Raman Spectroscopy Market Size, By Value, 2023-2030 (USD Million)
8.1.4.5. Mexico Raman Spectroscopy Market Size, By Value, 2023-2030 (USD Million)
8.2. Europe Raman Spectroscopy Market Size, By Value, 2023-2030 (USD Million)
8.2.1. UK
8.2.2. France
8.2.3. Germany
8.2.4. Italy
8.2.5. Spain
8.2.6. Sweden
8.2.7. Austria
8.2.8. Rest of Europe
8.3. Asia Pacific Raman Spectroscopy Market Size, By Value, 2023-2030 (USD Million)
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.3.6. ASEAN
8.3.7. Rest of APAC
8.4. Middle East and Africa Raman Spectroscopy Market Size, By Value, 2023-2030 (USD Million)
8.4.1. South Africa
8.4.2. GCC
8.4.3. Egypt
8.4.4. Nigeria
8.4.5. Rest of Middle East and Africa
8.5. South America Raman Spectroscopy Market Size, By Value, 2023-2030 (USD Million)
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
Chapter 9 Company Profiles
9.1. Key Players
9.1.1. Thermo Fisher Scientific, Inc. (US)
9.1.1.1. Company Overview
9.1.1.2. Tube Portfolio
9.1.1.3. Financial Overview
9.1.1.4. Business Strategy
9.1.1.5. Key Developments
9.1.2. Agilent Technologies, Inc. (US)
9.1.3. Bruker Corporation (US)
9.1.4. Mettler-Toledo International, Inc. (Switzerland)
9.1.5. Renishaw PLC (UK)
9.1.6. Horiba, Ltd. (Japan)
9.1.7. Metrohm AG (Switzerland)
9.1.8. Kaiser Optical Systems, Inc. (US)
9.1.9. Rigaku Corporation (Japan)
9.1.10 PerkinElmer, Inc. (US)
9.2. Key Findings
9.3. Recommendations
