The Global Laboratory and Handheld Raman Instruments Market 2016-2020 is a new research report added to ReportsnReports.com. The popularity of hyphenated, or hybrid, Raman instruments will continue to rise. The outsourcing of drug discovery processes to subcontract laboratories to cut costs is another trend that will gain popularity between 2015 and 2020.
Complete report on laboratory and handheld Raman instruments market spread across 73 pages, analyzing 5 major companies and provides 35 data exhibits is now available at http://www.reportsnreports.com/reports/521088-global-laboratory-and-handheld-raman-instruments-market-2016-2020.html
The analysts forecast global laboratory and handheld Raman instruments market to grow at a CAGR of 9.74% during the period 2016-2020. The major growth driver for the global laboratory and handheld Raman instruments market is the advantages that Raman spectroscopy has over other methods. The advancements in technology, the increased spending on R&D, and the expansion of research facilities will also fuel the growth of this market over the forecast period.
In terms of geography, the laboratory and handheld Raman instruments market was dominated by the Americas, which accounted for more than 51% of the total market share in 2015. Extensive investment in research and testing by the US is a significant factor that will bolster the prospects for market growth in the Americas. Due to the proliferation of technology start-ups and research facilities within the Americas, the demand for these instruments will increase significantly over the next few years.
Order a copy of Global Laboratory and Handheld Raman Instruments Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=521088 .
The pharmaceutical sector dominated this market during 2015 and is envisaged to retain its dominating hold over the market until 2020 owing to the ability of these instruments to improve drug safety and efficacy. Since Raman instruments also help in reducing the costs associated with drug discovery and the development of new formulations and drugs, its demand in the pharmaceutical sector will increase exponentially over the next four years.
The global laboratory and handheld Raman instruments market is characterized by the presence of many players, which range from small regional vendors to large global vendors. With the growth in R&D investments in APAC and Latin America, particularly in the pharmaceutical, healthcare, and electronics sectors, there is a massive potential for the growth of the market in these regions.
Global Laboratory and Handheld Raman Instruments Market key players are B&W Tek, Bruker Corp., HORIBA Ltd., Rigaku Corp., and Thermo Fisher Scientific. Other Prominent Vendors in the market are: BaySpec, Cobalt Light Systems, Enspectr, Field Forensics, JASCO Analytical Instruments, Kaiser Optical Systems, Laser Systems, Northern ANI Solutions, Ocean Optics, PerkinElmer, Renishaw, Snowy Range Instruments, TSI, and Yokogawa.
Further, the report states that the low replacement cycles for these instruments will be a major challenge that will hinder the growth of the market during the forecast period.
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