Market Analysis: Global Atomic Spectroscopy Market
Atomic spectroscopy market is set to witness a substantial CAGR of 7.70 % in the forecasted period of 2019-2026. This rise in the market can be attributed due to increase in research and development initiative and atomic spectroscopy role played in drug safety process and medical research in the industry.
Market Definition: Global Atomic Spectroscopy Market
Atomic spectroscopy refers to the process in which light interact with gaseous atoms, whereby conversation of gaseous atom takes place. Three major elements of atomic spectroscopy are atomic emission, atomic absorption, and atomic florescence. They are one of the most commonly sold and used analytical devices, also drug discovery and development, metabolomics, and diagnostics are some of the applications using atomic spectroscopy.
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Market Drivers
• Strict government regulations and legal norms related to the drug safety process has acted has driver for the industry.
• Rising concern for food safety among population has also acted as market driver.
• Technological advancements and development in aesthetic or consumer lasers
• Government initiative in development of atomic spectroscopy is also expected to the industry growth
Market Restraints
• Due to lack of skilled personnel for handling acts as market restraints.
• High maintenance cost involved and high cost of procurement also hampers the market growth.
Segmentation: Global Atomic Spectroscopy Market
By Type
• Instruments
o Atomic Absorption Spectrometer
o X-Ray Fluorescence Spectrometer
o X-Ray Diffraction Spectrometer
o Inductively Coupled Plasma Mass Spectrometer (ICP-MS)
• Inductively Coupled Plasma (ICP) Spectrometer
• Others
o LIBS
o MIP-OES
o Reagents
By Application
• Food and Beverage Testing
• Pharmaceutical
• Industrial Chemistry
• Environmental Testing
• Geological Sciences
• Petrochemical
• Academics
• Others
By Technology
• Atomic Absorption Spectroscopy (AAS)
• X-Ray Fluorescence (XRF)
• X-Ray Diffraction (XRD)
• Inductively Coupled Plasma-Optical Emission Spectroscopy (ICP-OES)
• Inductively Coupled Plasma–Mass Spectrometry (ICP-MS)
• Elemental Analyzers
• Others
By End Users
• Laboratories
• Universities
• Manufacturing Facilities
• Government Agencies
By Distribution Channel
• Direct Tenders
• Retail
By Geography
• North America
o US
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Rest of South America
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o Rest of Middle East and Africa
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Key Developments in the Market:
• In May 2018, PerkinElmer has announced its acquisition with Shanghai Spectrum Instruments Co., Ltd, which is one of the leading manufacturers of analytical instruments. This acquisition will benefit PerkinElmer in expanding into china industry, add on its product portfolio, serving its customer efficiently, strengthening in local market, delivering high quality results and improve upon technology advancement. Such merger and acquisition enable the expansion of atomic spectroscopy market in the forecasting future.
• In June 2014, Spectri announced that they have acquired Corporate Scientific Claisse Inc, combining two specialists in fusion and X-ray fluorescence (XRF) analysis. This acquisition will enable their integration into PANalytical, both specialists fusion, and X-ray fluorescence (XRF) analysis and will enable significant value for our XRF customers. Such combination lead to market expansion in the nearby future.
Competitive Analysis:
Global Atomic spectroscopy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of atomic spectroscopy market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major market competitors currently working in the global atomic spectroscopy market are Merck KGaA, Avantor, Inc., SAFAS Corporation, GBC Scientific Equipment, Analytik Jena AG, Shimadzu Analytical (India) Pvt. Ltd, Buck Scientific Instrument Manufacturing Company, Aurora Biomed Inc., JEOL Ltd., Rigaku Corporation., Bruker, PerkinElmer Inc., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., and others.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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