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Atomic Spectroscopy Market 2023 - Regional Segments, Latest Innovations, Competitive Landscape And Analysis By 2032
Atomic Spectroscopy Market
The Business Research Company's Atomic Spectroscopy Global Market Report 2023 identifies rising development of new drugs as the major driver for the Atomic Spectroscopy market's growth in the forecast period. Novel drugs are pharmaceutical substances not previously approved or marketed for therapeutic use. Atomic spectroscopy is used in drug development to determine the elements' composition. For instance, according to the US Food and Drug Administration, a US-based health regulatory authority approved 53 novel drugs in 2020, compared to 48 in 2019. Therefore, the rising development of new drugs is driving the growth of the atomic spectroscopy market.
The global atomic spectroscopy market is expected to grow from $6.84 billion in 2022 to $7.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The atomic spectroscopy market is expected to reach $9.8 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the Atomic Spectroscopy market are Thermo Fisher Scientific Inc., Merck KGaA, GBC Scientific Equipment Pty Ltd., Avantor Inc., Lumex Instruments, Agilent Technologies Inc.
A key trend in the Atomic Spectroscopy market includes product innovation. Major companies operating in the atomic spectroscopy market are developing innovative products to sustain their position in the market. For instance, in June 2022, Shimadzu Scientific Instruments Inc., a US-based biotechnology company, launched AA-7800 Series atomic absorption spectrophotometers, offering high sensitivity, stability, and advanced safety features. These spectrophotometers enable safe and efficient flame analysis, with built-in safety mechanisms and double-beam optics ensuring reliable data acquisition. The series boasts the industry's most miniature dual atomizer system, allowing for an easy upgrade from a flame system.
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The Atomic Spectroscopy market is segmented -
• By Type: Instruments, Inductively Coupled Plasma (ICP) Spectrometer, Other Types
• By Technology: Atomic Absorption Spectroscopy (AAS), X-ray Fluorescence (XRF), X-ray Diffraction (XRD), Inductively Coupled Plasma-Optical Emission Spectroscopy (ICP-OES), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS), Elemental Analyzers, Other Technologies
• By Application: Food And Beverage Testing, Pharmaceutical, Industrial, Environmental Testing, Geological Sciences, Petrochemical, Academics, Other Applications
• By Distribution Channel: Direct Tenders, Retail
• By End-User: Laboratories, Universities, Manufacturing Facilities, Government Agencies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Atomic Spectroscopy market.
The Business Research Company's "Global Atomic Spectroscopy Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Atomic Spectroscopy Market Include:
1. Executive Summary
2. Atomic Spectroscopy Market Characteristics
3. Atomic Spectroscopy Market Trends And Strategies
4. Atomic Spectroscopy Market - Macro Economic Scenario
5. Global Atomic Spectroscopy Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……………………………………..
32. Global Atomic Spectroscopy Market Competitive Benchmarking
33. Global Atomic Spectroscopy Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Atomic Spectroscopy Market
35. Atomic Spectroscopy Market Future Outlook and Potential Analysis
36. Appendix
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