Atomic Spectroscopy Market
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Segmentation and Forecast,
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Study of electromagnetic radiations that is emitted or absorbed by atoms is known as
atomic spectroscopy.When electrons are excited, they move from higher valence bond to
lower valence bond and emit radiations (emission). However, a relaxed electron moves
from lower valence bond to higher valence bond resulting in absorption of energy.
Atomic spectroscopy market can be segmented as below based on technologies:
X-ray Fluorescence Spectroscopy
X-ray Diffraction Spectroscopy
Inductively Coupled Plasma Mass Spectroscopy (ICP-MS)
Inductively Coupled Plasma (ICP) Spectroscopy
Atomic Absorption Spectroscopy
Among all aforementioned technologies, X-ray fluorescence spectroscopy market
accounts for the largest share to the atomic spectroscopy market. This is due to the fact
that they are efficient in analyzing solid samples precisely. Also, procedures performed
via X-ray fluorescence are user-friendly in nature along with being cost
efficient.Inductively coupled plasma mass spectroscopy (ICP-MS) market is expected to
show the highest growth rate during the forecast period 2015 to 2025.
This growth is attributed to revision in various regulations (chapter 231) of the U.S.
Pharmacopeial Convention. The revised regulation mandates the utilization of inductively
coupled plasma mass spectroscopy by pharmaceutical companies, which will propel the
overall growth of inductively coupled plasma mass spectroscopy market.
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Atomic spectroscopy is utilized in various institutes (applications):
Food and Beverage Testing
Among all these, application of atomic spectroscopy in pharmaceutical market accounts
for the largest share of total market. This large market size is due to increased utilization
of atomic spectroscopy in the various pharmaceutical activities such as drugs
Their efficiency helps develop and manufacture drugs precisely, that increases the uptake
of atomic spectroscopy while manufacturing drugs by pharmaceutical companies. Hence,
atomic spectroscopy market is expected to grow at the highest CAGR during the forecast
period 2015 to 2025.
Stringent safety regulations regarding the drug safety, and food and beverage testing by
regulatory authorities across the globe will drive the growth of atomic spectroscopy
market at a high CAGR during the forecast period. Safety regulations will propel the
demand for the utilization of atomic spectroscopy in industrial chemistry sector along
with environmental testing since; it will help monitor the volume of metal in any sample.
Likewise, increasing application of atomic spectroscopy in medical research and drug
safety will also boost the growth of atomic spectroscopy market.However, lack of trained
professionals for handling atomic spectroscopy devices and technology may restrain the
growth of atomic spectroscopy market.
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Domicile of large pharmaceutical and industrial chemistry companies in North America
have supported the region to contribute the largest share of total atomic spectroscopy
market. Also, stringent government regulations regarding safety of drugs, food and
beverages has also supported the large market size in the region. Asia-Pacific is expected
to foresee the highest CAGR during the forecast period 2015 to 2025.
This is due to the fact that major players such as Agilent Technologies are intending to
expand their business in the emerging nations like India and China, which will drive the
growth of atomic spectroscopy market. The major players operating in the atomic
spectroscopy market include Agilent Technologies, Aurora Biomed, Bruker Corporation,
Hitachi High-Technologies Corporation, Shimadzu Corporation, GBC Scientific Equipment
Pty Ltd., Thermo Fisher Scientific, PerkinElmer, Inc., Analytik Jena AG and Rigaku
Corporation among other significant players.
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