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Atomic Spectroscopy Market 2023-2032: Evolving Opportunities, Industry Analysis, Global Outlook And Major Players | Thermo Fisher Scientific Inc., Merck KGaA, GBC Scientific Equipment Pty Ltd., Avantor Inc., Lumex Instruments
Atomic Spectroscopy Market
The Business Research Company's Atomic Spectroscopy Global Market Report 2023 identifies rising development 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., AMETEK Inc., Hitachi High-Technologies Corporation, Buck Scientific Instruments LLC, Shimadzu Corporation, PerkinElmer Inc., Bruker Corporation, JEOL Ltd., Rigaku Corporation, Ocean Optics Inc., PG Instruments Limited, Analytik Jena AG, Teledyne Leeman Labs, SAFAS Corporation, A KRUSS Optronic GmbH, Aurora Biomed Inc., Beijing Titan Instruments Co. Ltd., Beijing Beifen-Ruili Analytical Instrument (Group) Co. Ltd., Wuxi Jiebo Instrument Technology Co. Ltd., and Varian 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. Equipped with a three-dimensional optical system and high-speed digital filter, the AA-7800 provides excellent performance, data stability, and sensitivity. The spectrophotometers also feature automated gas flowrate optimization and user-friendly Wizard software for efficient parameter setting. Optional connection kits enable compliance with regulatory requirements.
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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 Market Size and Growth
……
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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