USD 2.2 billion
Atomic Spectroscopy Market Size, Share, Growth Analysis, By Technology(Flame atomic absorption spectroscopy (FAAS), inductively coupled plasma-optical emission spectroscopy (ICP-OES)), By Application(Pharmaceuticals, environmental testing) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2195 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Atomic Spectroscopy Market Insights
Atomic Spectroscopy Market size was valued at USD 2.2 billion in 2022 and is poised to grow from USD 2.40 billion in 2023 to USD 4.38 billion by 2030, at a CAGR of 9.0% during the forecast period (2023-2030).
The global atomic spectroscopy market has witnessed significant growth and advancements in recent years. Atomic spectroscopy is a powerful analytical technique used for identifying and quantifying elements in various samples.
The market is driven by the increasing demand for atomic spectroscopy in industries such as pharmaceuticals, environmental testing, and food and beverage.
Technological advancements, such as the development of high-resolution atomic spectroscopy instruments and the integration of automation and software solutions, have further fueled market growth.
Additionally, the growing emphasis on research and development activities and the rising adoption of atomic spectroscopy in emerging economies are expected to provide lucrative opportunities for market expansion in the coming years.
US Atomic Spectroscopy Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
environmental testing
Fastest Growth
environmental testing
Growth Rate
9.0% CAGR
Global atomic spectroscopy market by region
Country Share for North America (%)
Global atomic spectroscopy market application
Global atomic spectroscopy market application
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Atomic Spectroscopy Market Segmental Analysis
The global atomic spectroscopy market can be segmented based on technology, application, and region. In terms of technology, the market can be divided into flame atomic absorption spectroscopy (FAAS), inductively coupled plasma-optical emission spectroscopy (ICP-OES), inductively coupled plasma-mass spectrometry (ICP-MS), and others. Based on application, the market can be categorized into pharmaceuticals, environmental testing, food and beverage, industrial, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Atomic Spectroscopy Market Analysis By Technology
Atomic absorption spectroscopy will have the largest revenue share in 2022, followed by inductively coupled plasma-mass spectrometry and other technologies (microwave-induced plasma optical emission spectroscopy, glow discharge optical spectroscopy, laser spectroscopy, and x-ray photoelectron spectroscopy). The increasing use of atomic absorption spectrometers by a variety of industries will be a major factor in the growth of the worldwide atomic absorption segment. include chemical, food, biomonitoring, and numerous more areas.
Atomic Spectroscopy Market Analysis By Application
Environmental analysis is one of the largest applications of atomic absorption spectroscopy. It is widely utilized for the detection and analysis of trace elements and heavy metals in environmental samples, such as water, soil, and air. This application is crucial for monitoring pollution levels, assessing environmental quality, and ensuring compliance with regulatory standards. The ability of atomic absorption spectroscopy to accurately measure the concentration of elements makes it a valuable tool in environmental analysis.
Pharmaceutical analysis is a rapidly growing application of atomic absorption spectroscopy. It plays a vital role in quality control and analysis of pharmaceutical products. Atomic absorption spectroscopy is employed to quantify trace elements, such as heavy metals, in pharmaceutical samples, ensuring product safety and compliance with regulatory guidelines. The increasing emphasis on product quality, drug safety, and regulatory requirements drive the growth of atomic absorption spectroscopy in pharmaceutical analysis.
Global atomic spectroscopy market application, 2022 (%)
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Atomic Spectroscopy Market Regional Insights
The global atomic spectroscopy market showcases a diverse regional landscape, with various regions contributing to its growth. North America dominates the market due to well-established research infrastructure and significant investments in the healthcare and pharmaceutical industries.
Europe follows suit with a strong presence of key market players and a focus on technological advancements in atomic spectroscopy.
Asia Pacific exhibits substantial growth potential, fueled by increasing R&D activities, expanding industrial sectors, and rising investments in the healthcare and environmental sectors. Furthermore, emerging economies in
Latin America and the Middle East and Africa are witnessing a growing demand for atomic spectroscopy technologies, driven by their expanding healthcare infrastructures and industrial development.
Global atomic spectroscopy market by geography, 2023-2030
- Largest
- Fastest
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Atomic Spectroscopy Market Dynamics
Atomic Spectroscopy Market Drivers
Increasing Investment in Developing Healthcare Infrastructure
- One driver in the global atomic spectroscopy market is the increasing demand for atomic spectroscopy techniques in various industries such as pharmaceuticals, environmental monitoring, and food and beverage. Atomic spectroscopy plays a crucial role in analyzing the elemental composition of samples, ensuring product quality, and complying with regulatory standards. The growing need for accurate and reliable analytical tools to detect trace elements and quantify concentrations is driving the adoption of atomic spectroscopy technologies.
Atomic Spectroscopy Market Restraints
High Cost of Maintenance
- On the other hand, a restraint in the atomic spectroscopy market is the high cost associated with the instruments and their maintenance. Atomic spectroscopy equipment requires significant investment, making it less affordable for small and medium-sized enterprises. The cost of the instruments, coupled with the need for specialized training and skilled personnel to operate them, can limit market growth to some extent. Additionally, the complexity of the techniques and the time-consuming nature of sample preparation and analysis may also pose challenges to wider adoption.
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Atomic Spectroscopy Market Competitive Landscape
The global atomic spectroscopy market is characterized by intense competition among key players striving to capture a significant market share. These companies engage in strategic initiatives such as mergers and acquisitions, partnerships, and product launches to maintain their competitive edge. They focus on expanding their product portfolios by introducing technologically advanced atomic spectroscopy instruments and accessories. Additionally, significant investments are made in research and development activities to enhance the sensitivity, accuracy, and speed of atomic spectroscopy techniques. These companies also prioritize providing comprehensive solutions and after-sales services to their customers, thereby establishing strong customer relationships. Moreover, they emphasize expanding their geographical presence by targeting emerging markets and collaborating with local distributors. With the rising demand for atomic spectroscopy in various industries, the competitive landscape of the global market is expected to remain dynamic and highly competitive in the coming years.
Atomic Spectroscopy Market Top Player’s Company Profiles
- Thermo Fisher Scientific Inc. (United States)
- PerkinElmer, Inc. (United States)
- Agilent Technologies, Inc. (United States)
- Shimadzu Corporation (Japan)
- Bruker Corporation (United States)
- Analytik Jena AG (Germany)
- HORIBA, Ltd. (Japan)
- Rigaku Corporation (Japan)
- GBC Scientific Equipment Pty Ltd (Australia)
- Aurora Biomed Inc. (Canada)
- Nu Instruments Ltd. (United Kingdom)
- Buck Scientific, Inc. (United States)
- Hitachi High-Tech Corporation (Japan)
- Analytik Ltd. (United Kingdom)
- AMETEK, Inc. (United States)
- Agilent Technologies, Inc. (United States)
- Elementar Analysensysteme GmbH (Germany)
- LECO Corporation (United States)
- Metrohm AG (Switzerland)
- XOS (United States)
Atomic Spectroscopy Market Recent Developments
- In February 2020 a new series of ICP-OES systems for laboratories servicing the environmental, food, energy, chemicals, and materials markets were unveiled by Agilent Technologies, Inc. A completely new layer of intelligent capabilities is incorporated into the new Agilent 5800 and 5900 ICP-OES systems to provide deeper insight into samples, processes, and operational conditions.
Atomic Spectroscopy Key Market Trends
- The global atomic spectroscopy market is witnessing several key market trends. Firstly, there is a growing demand for atomic spectroscopy techniques in various industries, including pharmaceuticals, environmental monitoring, and food and beverage. Secondly, technological advancements, such as the development of high-resolution atomic spectroscopy instruments and the integration of automation and software solutions, are driving market growth. Thirdly, the increasing emphasis on regulatory compliance and quality control in industries is boosting the adoption of atomic spectroscopy for accurate and reliable elemental analysis. Lastly, the Asia-Pacific region is emerging as a significant market, fueled by rapid industrialization and the expansion of research and development activities.
Atomic Spectroscopy Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global atomic spectroscopy market is poised for significant growth and offers promising future prospects. With advancements in technology, increasing research and development activities, and growing demand for accurate and precise analytical instruments, the atomic spectroscopy market is set to expand. The rise in industrialization, particularly in sectors such as pharmaceuticals, chemicals, and environmental monitoring, is driving the demand for atomic spectroscopy instruments for elemental analysis and trace metal detection. Additionally, stringent government regulations related to product safety and quality control are further fueling the adoption of atomic spectroscopy techniques. Moreover, the emergence of novel techniques such as inductively coupled plasma mass spectrometry (ICP-MS) and X-ray fluorescence (XRF) spectroscopy is opening new avenues for market growth. The increasing focus on personalized medicine and the need for advanced diagnostic tools are also expected to drive the demand for atomic spectroscopy in the healthcare sector. Overall, the global atomic spectroscopy market is likely to witness substantial expansion in the coming years, driven by technological advancements, expanding applications, and growing market demand.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.2 billion |
| Market size value in 2030 | USD 4.38 billion |
| Growth Rate | 9.0% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Atomic Spectroscopy Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Atomic Spectroscopy Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Atomic Spectroscopy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Atomic Spectroscopy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Atomic Spectroscopy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Atomic Spectroscopy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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