Press release
Transforming the Atomic Emission Spectroscopy Market in 2025: Rising Pharmaceutical Industry Drives Growth Of Atomic Emission Spectroscopy Market
Atomic Emission Spectroscopy Market
In the past few years, the atomic emission spectroscopy market has experienced robust expansion. Its size is predicted to grow from $5.8 billion in 2024 to $6.32 billion in 2025, boasting a Compound Annual Growth Rate (CAGR) of 8.9%. This growth during the historic phase may be credited to factors such as the expansion of pharmaceutical and biotechnology sectors, heightened emphasis on renewable energy sources, growth in food and beverage testing, escalating demand in clinical and medical fields, and the needs of the aerospace and defense sectors.
The market size of atomic emission spectroscopy is predicted to witness robust expansion in the following years, reaching a staggering $8.81 billion by 2029, progressing at a Compound Annual Growth Rate (CAGR) of 8.6%. The growth projected for the forecast period is due to factors like the rising need for environmental monitoring, progress in nanotechnology and materials science, heightened industrial and manufacturing activities, growing healthcare and clinical research expenses, and elevated consumer awareness. The forecast period is also expected to witness significant trends such as integration with automation and robotics, breakthroughs in multi-element analysis, greater utilization in environmental and sustainability research, emphasis on high-throughput screening, and the advent of advanced sample preparation methods.
What Factors Are Fueling Growth in the Atomic Emission Spectroscopy Market?
The expansion of the pharmaceutical industry is anticipated to boost the growth of the atomic emission spectroscopy market. The pharma industry, which is centered on researching, developing, producing, and promoting medications to enhance health outcomes, is expanding due to the increasing demand for inventive treatments, advancements in drug development technologies, and a rise in global healthcare needs. Atomic emission spectroscopy plays a crucial role in the pharmaceutical industry as it provides precise detection and quantification of trace elements and metal impurities in drugs and formulations, thus ensuring they meet regulatory standards. For example, data from the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based trade body for the pharmaceutical industry, indicated that Europe's total pharmaceutical production stood at $384,200 million (€340,000 million) in 2022, a rise of roughly 4.95% from 366,267 million (€323,950 million) in 2021. Consequently, the escalating growth of the pharmaceutical industry is fueling the expansion of the atomic emission spectroscopy market.
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Which Leading Companies Are Shaping the Growth of the Atomic Emission Spectroscopy Market?
Major companies operating in the atomic emission spectroscopy market are Hitachi Ltd, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Wuxi Jinyibo Instrument Technology, SARTORIUS AG, Shimadzu Corporation, Bruker Corporation, Horiba Ltd., Metrohm AG, Malvern Panalytical Ltd, Oxford Instruments PLC, Foss Analytical AB, Leco Corporation, SPECTRO Analytical Instruments GmbH, Jiangsu Skyray Instrument Co. Ltd., CAMECA Instruments Inc., Teledyne Leeman Labs, Nippon Instruments Corporation, GBC Scientific Equipment Pty Ltd, HTA S.r.l., Tibidabo Scientific Industries
Which Leading Companies Are Shaping the Growth of the Market?
Leading enterprises within the atomic emission spectroscopy market are vigorously making strides in creating innovative solutions like arc/spark optical emission spectroscopy (OES) analyzers to secure a stronger foothold in the market. Such an analyzer serves as a tool for identifying elemental composition of metals and alloys, based on the light emitted from a sample energized by an electrical arc or spark. To illustrate, in July 2022, SPECTRO Analytical Instruments, a German firm specializing in the manufacturing of elemental analyzers, introduced its latest version of arc/spark OES analyzer, the SPECTROMAXx LMX10. This state-of-the-art analyzer has been tailored for elemental analysis in various sectors of metal production and fabrication, encompassing iron and non-ferrous foundries. The LMX10, demonstrating several enhancements compared to its forerunners, proves to be a crucial instrument in maintaining quality and uniformity in the metal supply chain.
What Are the Key Segments of the Atomic Emission Spectroscopy Market?
The atomic emission spectroscopy market covered in this report is segmented -
1) By Type: Flame Emission Spectroscopy (FES), Spark Atomic Emission Spectroscopy (SAES), Arc Atomic Emission Spectroscopy (AES), Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES), Other Types
2) By Application: Biotechnology, Environmental Testing, Clinical Applications
3) By End-User: Pharmaceutical companies, Hospitals, Laboratories, Research institutes, Other End Users
Subsegments:
1) By Flame Emission Spectroscopy (FES): Single Element Flame Emission Spectrometers, Multi-Element Flame Emission Spectrometers, Portable Flame Emission Spectrometers, High-Throughput Flame Emission Spectrometers
2) By Spark Atomic Emission Spectroscopy (SAES): Laboratory Spark Atomic Emission Spectrometers, Industrial Spark Atomic Emission Spectrometers, Handheld Spark Atomic Emission Spectrometers, High-Precision Spark Atomic Emission Spectrometers
3) By Arc Atomic Emission Spectroscopy (AES): Direct Current Arc Atomic Emission Spectrometers, Radio Frequency Arc Atomic Emission Spectrometers, High-Temperature Arc Atomic Emission Spectrometers, Portable Arc Atomic Emission Spectrometers
4) By Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES): Quadrupole ICP-AES, High-Resolution ICP-AES, Multi-Element ICP-AES, Portable ICP-AES Systems, High-Sensitivity ICP-AES Systems
5) By Other Types: Laser-Induced Breakdown Spectroscopy (LIBS), Microwave Plasma Atomic Emission Spectroscopy (MP-AES), Continuous Wave Atomic Emission Spectroscopy (CWAES)
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Which Region Dominates the Atomic Emission Spectroscopy Market?
North America was the largest region in the atomic emission spectroscopy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the atomic emission spectroscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Atomic Emission Spectroscopy Global Market Report?
- Market Size Analysis: Analyze the atomic emission spectroscopy Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the atomic emission spectroscopy market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall atomic emission spectroscopy market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the atomic emission spectroscopy market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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