Absorption Spectrometers Market to Register a Healthy CAGR Throughout 2023

Absorption Spectrometers Market: Overview

Absorption spectroscopy is analytical technique that measures the concentration of an element by measuring the amount of light absorbed (at a specific wavelength) when it passes through a sample. Absorption spectroscopy is used in several industries such as such as food and beverages, pharmaceutical, biotechnology, clinical diagnostics and environmental monitoring for the purpose of quality assurance.

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The technique is also employed in studies of atomic and molecular physics, astronomical spectroscopy and remote sensing. Absorption spectrometers, are instruments for measurement of absorption that can analyze the concentration of multiple elements in a given sample solution. The instrument relies on the Beer-Lambert law to determine the concentration of a particular element in a sample.

Absorption Spectrometers Market: Drivers and Trends

The global absorption spectrometers market is significantly growing under the influence of emerging biopharmaceuticals, biotechnology and food and beverages industries. High investment in research and development by life science companies, extensive academic and industry collaborations, increased governmental funding, innovation in atomizers technology, advancements in the atomic spectroscopy, development of better performing reagents and rise in acquisitions/partnerships among companies are some of major divers of absorption spectrometers market.

Furthermore, factors such as increasing demand of atomic absorption spectroscopy, escalating usage of fluorescence spectrometers in antibody purification, and drug assessment are also triggering the growth of this market. However, the presence of other advanced analytical techniques such as mass spectrometers and UV-VIS reflectometers are the major road-block for the global expansion of absorption spectroscopes market. In addition to these, high price of the instruments and issues related to low sample throughput may also hamper the growth of this market to some extent.

Absorption Spectrometers Market: Segmentation

The global absorption spectrometers market has been segmented on the basis of applications and technology. Based on applications, the market comprises pharmaceuticals, biotechnology, research, food and beverage, and others. Based on technology, the market has segmented into atomic absorption spectrometers, x-ray diffraction spectrometers, x-ray fluorescence spectrometers, inductively coupled plasma spectrometers, elemental Analyzers, and others. Based on geography, the absorption spectrometers market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Absorption Spectrometers Market: Region-wise Outlook

The North America region was observed as being the largest absorption spectrometers market worldwide in 2013. This market is expected to grow even further, due to robust research-related activities for the discovery and development of drugs and biologics and extensive financial support from governments. Europe was the second-largest market for absorption spectrometers owning to the opening of new production facilities and increased funding by local and national government bodies in the region.

Asia-Pacific is expected to be an exponentially growing absorption spectrometers market during the forecast period from 2014 to 2020. This high growth is can be ascribed to the improving economic scenario in countries such as India, China and Malaysia. An increase in the number of research activities in the chromatography sector by Asian companies can also be credited for this.

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Absorption Spectrometers Market: Key Players

The key players in the absorption spectrometers include Analytik Jena AG, Shimadzu Corporation, Aurora Biomed, Agilent Technologies, GBC Scientific Equipment Pty Ltd., Bruker Corporation, PerkinElmer, Inc., Rigaku Corporation, Hitachi High-Technologies Corporation, and Thermo Fisher Scientific.

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