[January 16, 2013]

Research and Markets: Global Laboratory and Handheld Raman Instruments Market 2012-2016: One Key Challenge for the Market Is the Availability of Alternative Devices

Research and Markets (http://www.researchandmarkets.com/research/qq64lc/global_laboratory) has announced the addition of the "Global Laboratory and Handheld Raman Instruments Market 2012-2016" report to their offering.

TechNavio's analysts forecast the Global Laboratory and Handheld Raman Instruments market to grow at a CAGR of 11.75 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in government regulations to ensure the safety and quality of food and drugs. The Global Laboratory and Handheld Raman Instruments market has also been witnessing thetrend of an increase in mergers and acquisitions. However, the availability of alternative devices could pose a challenge to the growth of this market.

The key vendors dominating this market space are HORIBA Ltd., Thermo Fisher Scientific Inc., PerkinElmer Inc., and Bruker Corp.

The other vendors mentioned in the report are JASCO Analytical Instruments, and B&W Tek Inc.

Commenting on the report, an analyst from TechNavio's Healthcare team said: ''There have been cases where harmful toxins have been found in food and cosmetic items. In recent years, the Food and Drug Administration (FDA) has initiated strict protocols for the testing of all food items for toxins. A wide variety of equipment can be used for testing food items; however, it is very difficult to test certain cosmetic items. For instance, testing toothpaste for toxins is very difficult. However, a Raman instrument can perform tests for the identification of toxins in toothpaste. Therefore, Raman instruments are being widely used in various tests for the identification of toxins.''

According to the report, one of the key drivers of the market is the increase in government regulations to ensure the safety and quality of food and drugs. Raman instruments are used to identify the composition, strength, quality, purity, and potency of food and drugs.

For more information visit http://www.researchandmarkets.com/research/qq64lc/global_laboratory

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