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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.

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Published by Rishika Chavan, 2025-07-14 06:50:00

Raman Spectroscopy Market

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.

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