NEW
YORK, July 30, 2024 /PRNewswire/ -- The global
atomic spectroscopy market size is estimated to grow by
USD 2.46 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 7.29% during the forecast period. Increased funding by
government organizations for environmental testing and product
safety is driving market growth, with a trend towards growing use
of portable spectroscopy systems in metal producing and processing
sector. However, high cost of advanced instruments and maintenance
services poses a challenge. Key market players include A KRUSS
Optronic GmbH, Agilent Technologies Inc., AMETEK Inc., Aurora
Biomed Inc., Avantor Inc., Bruker Corp., Buck Scientific Instrument
Manufacturing Co. AA, Endress Hauser Group Services AG, GBC
Scientific Equipment, Hitachi High Tech Corp., HORIBA Ltd.,
PerkinElmer Inc., Rigaku Corp., SAFAS SA, Shimadzu Corp., Teledyne
Technologies Inc., and Thermo Fisher Scientific Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Technology (Atomic
absorption, X ray fluorescence, X ray diffraction, and ICP-MS and
others), End-user (Pharmaceutical and biotechnology testing, Food
and beverage testing, Environmental testing, and Others), and
Geography (North America, Europe, Asia, and Rest of World
(ROW))
|
Region
Covered
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Key companies
profiled
|
A KRUSS Optronic GmbH,
Agilent Technologies Inc., AMETEK Inc., Aurora Biomed Inc., Avantor
Inc., Bruker Corp., Buck Scientific Instrument Manufacturing Co.
AA, Endress Hauser Group Services AG, GBC Scientific Equipment,
Hitachi High Tech Corp., HORIBA Ltd., PerkinElmer Inc., Rigaku
Corp., SAFAS SA, Shimadzu Corp., Teledyne Technologies Inc., and
Thermo Fisher Scientific Inc.
|
Key Market Trends Fueling Growth
Manufacturers in the analytical instruments industry are
prioritizing the development of compact, portable atomic
spectroscopy systems to cater to the growing demand for onsite
analysis and monitoring in hard-to-reach locations. These portable
instruments, including portable optical emission spectroscopy (OES)
and X-ray fluorescence (XRF) systems, are essential for material
identification and metal sorting in various industries,
particularly metal processing and production. The challenges of
sample collection and storage, which can lead to potential
contamination, are addressed by these portable systems. The global
rise in metal production is further fueling the market growth for
these portable atomic spectroscopy systems.
Atomic spectroscopy is a key technology in analytical chemistry
used to identify and quantify elements in various industries. This
market encompasses techniques like Atomic Absorption (AA), Atomic
Emission (AE), and X-ray Fluorescence (XRF). These methods detect
atoms by interacting with electromagnetic radiation and analyzing
spectral lines. XRF, X-ray diffraction, and XRF instruments are
trending in the metallurgy sector for metal analysis.
Pharmaceutical organizations and forensic labs use AA and Atomic
Fluorescence for trace elements in drug products, APIs, raw
materials, and intermediates. Biopharmaceutical sector relies on
ICP-MS and ICP-OES for safety regulations in biotech companies.
Mass analyzers aid in identifying molecules and their components.
Instruments like ICP spectrometers and XRF continue to dominate the
market.
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Market Challenges
- Atomic spectroscopy is widely utilized in various industries
due to its cost-effective analysis capabilities, particularly in
the use of Atomic Absorption Spectroscopy (AAS) systems. However,
more advanced techniques like Inductively Coupled Plasma Mass
Spectrometry (ICP-MS) and Inductively Coupled Plasma Optical
Emission Spectroscopy (ICP-OES) face challenges in adoption due to
their high capital and operating costs. These systems require argon
gas, cones, nebulizers, and other costly consumables. The capital
investment and ongoing expenses for ICP-MS and ICP-OES systems are
significantly higher than those for AAS systems. This financial
barrier poses a challenge for laboratories and research
institutions with limited budgets, particularly in emerging
economies like China, India, and Brazil. Despite their superior accuracy and
precision, the high costs of these systems limit their adoption.
Additionally, portable atomic spectroscopy systems, which offer
onsite testing and ease of use, face hindrances due to their high
maintenance costs. For instance, repairing a detector can cost up
to USD10,000. These factors
contribute to the growth challenges for the atomic spectroscopy
market during the forecast period.
- Atomic spectroscopy is a crucial tool in analytical chemistry
for identifying and quantifying elements in various industries. The
market for atomic spectroscopy instruments includes applications in
drug products and APIs, raw materials, intermediates, and
environmental testing. Challenges in this market include complying
with stringent regulations in industries like petrochemicals, food
safety, and environmental testing. Technologies such as ICP
spectrometers (ICP-OES and ICP-MS), atomic absorption spectroscopy,
X-ray fluorescence, and elemental analyzers are in high demand.
Companies like Agilent Technologies, PerkinElmer, and Thermo Fisher
Scientific lead the market. Precision agriculture, biotechnology,
and remote sensing are emerging applications. Laboratory
automation, multi-elemental analysis, and industry partnerships are
key trends. Trained professionals and technology advancements
continue to drive growth. Our Company Analysis Dashboard provides
research analyst access and competitor analysis to help businesses
stay informed.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This atomic spectroscopy market report extensively covers market
segmentation by
- Technology
- 1.1 Atomic absorption
- 1.2 X ray fluorescence
- 1.3 X ray diffraction
- 1.4 ICP-MS and others
- End-user
- 2.1 Pharmaceutical and biotechnology testing
- 2.2 Food and beverage testing
- 2.3 Environmental testing
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Atomic absorption- Atomic absorption
spectroscopy is a method used for quantitative analysis,
specifically for detecting or measuring the amount of light
absorbed by neutral atoms. This technique is commonly referred to
as a metal analysis spectrometer due to its primary function in
metal concentration analysis. Industries such as biomonitoring,
chemical, food, and pharmaceutical sectors widely use atomic
absorption spectrometers for analyzing metal contents in various
samples, including medicines, foods and beverages, biological
fluids, and specimens. The global atomic absorption market is
projected to expand due to the growth of industries like
pharmaceuticals and environmental testing, driven by the increasing
incidence of diseases and environmental issues like ozone layer
depletion. According to Technavio's latest analysis, the atomic
absorption segment is expected to grow at a rate of 5.48% between
2022 and 2027. These factors are expected to fuel the growth of the
global atomic spectroscopy market during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
Atomic spectroscopy is a powerful analytical technique used to
identify and quantify elements in various matrices, including drug
products, APIs, raw materials, intermediates, and food. It utilizes
electromagnetic radiation to excite atoms, leading to the emission
or absorption of characteristic spectral lines. This information is
then used to determine the concentrations of trace elements. The
technology plays a crucial role in industries such as metallurgy
and pharmaceuticals, where ensuring the purity and quality of
products is essential. Strict regulations and food safety concerns
necessitate the use of advanced atomic spectroscopy instruments,
such as ICP spectrometers, GFAAS, and mass analyzers, operated by
trained professionals. Technologies like atomic fluorescence,
atomic absorption, and atomic emission provide isotopic
information, adding to the technique's versatility. Agilent
Technologies and other key players offer innovative solutions to
meet the evolving demands of these industries.
Market Research Overview
Atomic spectroscopy is a crucial analytical technique used in
various industries and research fields for identifying and
quantifying elements in different matrices. This technique utilizes
electromagnetic radiation to excite atoms and analyze their
spectral responses, providing valuable information on the elements'
concentrations and isotopic composition. Applications of atomic
spectroscopy span across various sectors, including drug products
and APIs, raw materials and intermediates, environmental testing,
petrochemicals, academics, laboratories, and more. Technologies
such as ICP spectrometers, atomic absorption spectroscopy, X-ray
fluorescence, X-ray diffraction, ICP-OES, ICP-MS, and elemental
analyzers are commonly used for multi-elemental analysis.
Industries like metallurgy, pharmaceuticals, forensics, and biotech
are major consumers of atomic spectroscopy, driven by stringent
regulations, food safety concerns, and the need for precision and
accuracy. Companies offering atomic spectroscopy solutions include
Agilent Technologies, PerkinElmer, and Thermo Fisher Scientific,
among others. This market is expected to grow due to increasing
industry partnerships, advancements in technology, and the demand
for elemental imaging, precision agriculture, drug safety, and
remote sensing applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Technology
-
- Atomic Absorption
- X Ray Fluorescence
- X Ray Diffraction
- ICP-MS And Others
- End-user
-
- Pharmaceutical And Biotechnology Testing
- Food And Beverage Testing
- Environmental Testing
- Others
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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