The rise of the SERS Substrate in an international market that brings light to the jewellery industry
During the projected period of 2018 to 2028, the global SERS substrate industry is expected to increase at a CAGR of 9.5 percent. The rising demand for SERS substrates in numerous applications such as biology and medicine, industry, the food sector, and other applications is often linked to market growth. Because of their high selectivity and sensitivity, gold-based substrates are likely to have a significant proportion of the global SERS substrate market throughout the forecast period. Silver-based substrates, on the other hand, are gaining popularity because of their low cost and ease of use. During the projected period, North America is expected to lead the global SERS substrate market, followed by Europe and Asia Pacific.
Factors that Influence Growth of SERS Substrate
- In the sector, there is a growing demand for miniaturisation.
- Nanotechnology is becoming more popular, and its applications are expanding.
- SERS technology is being studied by an increasing number of research institutes and universities.
- Point-of-care diagnostics are becoming increasingly common.
- The advent of new SERS substrate prospects in the biological sciences
Global Domination of SERS substrate and the secret behind the journey
In 2017, North America controlled the global SERS substrate market. Because of the substantial research and development efforts related to nanotechnology-enabled technologies, the area is expected to maintain its position during the projected period. Furthermore, increased government investment for advanced biosensor R&D in this sector is one of the key drivers of regional development. SERS substrates used in various applications such as chemical identification using nano particles or silver nano particles are expected to see significant growth in Asia Pacific over the forecast period, thanks to increased demand from end-use sectors such as healthcare, electronics, energy & power, and others.
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