Atomic Spectroscopy Market Forcasted for Accelerated Growth by 2024

Global Atomic Spectroscopy Market: Overview

A study of absorption and emission of the electromagnetic radiation by the atom is known as atomic spectroscopy. Radiations are emitted when electrons are excited and move from one valence bond to lower valence bond. Absorption of energy takes place when a relaxed electron moves from lower valence bond to higher valence bond. A single element possesses characteristic of atomic spectroscopy. However, electromagnetic spectrum or mass spectrum is applied to determine elemental compositions. It is usually divided based on the type of spectroscopy used. The analytical performance of the mass spectrometry is better but relatively it is more complex. This complexity comprises more operator training, high probability of the components to fail, and higher operational and purchase costs.

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Global Atomic Spectroscopy Market: Growth Factors

Growing government fund on the research activities and developments in drug discovery research are anticipated to fuel the global atomic spectroscopy market growth in future. In addition, expansions by key players and rising awareness of the atomic spectroscopy through conferences & symposia are expected to boost the global market growth. International companies entering in the global atomic spectroscopy market by the acquisitions and expansions are anticipated to contribute to the global market growth. Many companies are focusing on healthcare and clinical science, integrated solutions and services for laboratory research and analysis, which in turn may foster the global market growth.

Global Atomic Spectroscopy Market: Segmentation

The global atomic spectroscopy market is fragmented based on institutes as pharmaceutical, environmental testing, food and beverage testing, biotechnology, and industrial chemistry. Based on technologies the global market is classified as elemental analyzers, x-ray diffraction spectroscopy, X-ray fluorescence spectroscopy, inductively coupled plasma (ICP) spectroscopy, atomic absorption spectroscopy, and inductively coupled plasma mass spectroscopy (ICP-MS). Of these, X-ray fluorescence spectroscopy is accounted for largest market share due they are cost-efficient, user-friendly, and efficiently analyze solid samples. Inductively coupled plasma mass spectroscopy is growing at a significant rate in the coming years. The growth in this segment is mainly due to the revision of regulation such as the U.S. Pharmacopeial Convention. Pharmaceutical companies are bound to utilize coupled plasma mass spectroscopy due to revised regulation mandates. This is anticipated to propel the global atomic spectroscopy market growth.

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Global Atomic Spectroscopy Market: Regional Analysis

The geographical breakdown is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America contributed the largest market share in the global atomic spectroscopy market share due to the presence of large pharmaceutical and chemical companies. Additionally, strict regulations implemented by the government about the safety of drugs, and food and beverages also fuel the global market growth. Developing nations such as India and China also accounted for the largest market chunk for atomic spectroscopy as major players are expanding their business in these regions.

Global Atomic Spectroscopy Market: Competitive Players

Key players operating in the global atomic spectroscopy market are GBC Scientific Equipment Pty Ltd., PerkinElmer, Inc., Bruker Corporation, Thermo Fisher Scientific, and Hitachi High-Technologies Corporation. Other players include Aurora Biomed, Analytik Jena AG and Rigaku Corporation, Agilent Technologies, and Shimadzu Corporation.

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Global Atomic Spectroscopy Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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