Press release
Rising Pharmaceutical Industry Drives Growth Of Atomic Emission Spectroscopy Market: An Emerging Driver Transforming The Atomic Emission Spectroscopy Market Landscape
Atomic Emission Spectroscopy
What Is the Projected Growth of the Atomic Emission Spectroscopy Market?
Recently, the atomic emission spectroscopy market has shown substantial growth. It is expected to escalate from $5.8 billion in 2024 to $6.32 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.9%. Factors that have contributed to its growth in the historic period include advancements in pharmaceutical and biotechnology fields, an enhanced focus on renewable energy, expansion in food and beverage testing, an increased need in clinical and medical applications, along with aerospace and defense requirements.
The market size of atomic emission spectroscopy is anticipated to experience significant growth in the forthcoming years. It's projected to escalate to $8.81 billion by 2029, with an 8.6% compound annual growth rate (CAGR). The propulsion in the growth during this period can be connected to the mounting requisites for environmental monitoring, progress in material science and nanotechnology, augmented industrial and production activities, increasing spending on healthcare and clinical studies, and heightened customer awareness. Notable trends for the forecast period comprise the incorporation with automation and robotics, advancements in the examination of multiple elements, escalating application in environment and sustainability research, concentration on high-throughput screening, and the dawn of cutting-edge sample preparation techniques.
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What Are the Different Atomic Emission Spectroscopy Market Segments?
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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What Are the Primary Drivers Shaping the Atomic Emission Spectroscopy Market?
The atomic emission spectroscopy market's expansion is anticipated to be fueled by the burgeoning pharmaceutical industry. The pharma sector, dedicated to the research, creation, and promotion of medicines, is witnessing growth due to a rising demand for innovative therapies, progress in drug development technologies, and an escalating global need for healthcare. This industry employs atomic emission spectroscopy for accurate detection and measurement of trace elements and metal contaminants in medicines and formulations, thus adhering to regulatory norms. For example, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a trade association based in Belgium that represents the pharma sector, stated that Europe's total pharma production for June 2023 was $384,200 million (€340,000 million) in 2022. This figure indicates an approximately 4.95% rise from 366,267 million (€323,950 million) in 2021. Hence, the prospering pharmaceutical domain is a key driver for the growth of the atomic emission spectroscopy market.
Which Companies Are Leading in 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
What Are the Major Trends Shaping the Alcohol Based Disinfectants Market?
Leading corporations in the atomic emission spectroscopy market are focusing on the development of groundbreaking solutions like arc/spark optical emission spectroscopy (OES) analyzers to achieve a competitive advantage in the industry. An arc/spark OES analyzer is a device that identifies the elemental mixture of metals and alloys by registering the light produced by a sample electrified by an arc or spark. As an illustration, in July 2022, SPECTRO Analytical Instruments, a German manufacturer of elemental analyzers, introduced the SPECTROMAXx LMX10, an upgraded version of its arc/spark OES analyzer made for elemental analysis in environments of metal production and fabrication, including iron and non-ferrous foundries. The LMX10 possesses superior features and enhancements compared to its predecessors, establishing it as an important asset in guaranteeing quality and constancy in the metal distribution network.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Atomic Emission Spectroscopy Market?
2. What is the CAGR expected in the Atomic Emission Spectroscopy Market?
3. What Are the Key Innovations Transforming the Atomic Emission Spectroscopy Industry?
4. Which Region Is Leading the Atomic Emission Spectroscopy Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the atomic emission spectroscopy market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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