The Market for Global Atomic Spectroscopy is expected to grow at CAGR 7.2% from 2017 to 2024
Data Bridge Market Research new Insight’s on “Global Atomic Spectroscopy Market, is projected to reach USD 8.09 billion by 2024, from USD 4.66 billion in 2016, at a CAGR of 7.2% during the forecast period from 2017 to 2024.”
The market is segmented by Type (Instruments (Atomic Absorption Spectrometer, X-Ray Fluorescence Spectrometer, X-Ray Diffraction Spectrometer, Inductively Coupled Plasma Mass Spectrometer (ICP-MS), Inductively Coupled Plasma (ICP) Spectrometer, Others (LIBS, MIP-OES)), Reagents), By Application (Food and Beverage Testing, Pharmaceutical, Industrial, Environmental Testing, Geological Sciences, Petrochemical, Academics, Others), By End Users (Laboratories, Universities, Manufacturing Facilities, Government Agencies), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Atomic Spectroscopy Market: Recent Developments
Atomic Spectroscopy involves the process of interaction of light with gaseous atoms. This is a device that helps in converting sample gaseous atoms in an atom cell which can be flamed. Atomic Spectroscopy is applied to determine elemental composition. Atomic absorption spectrometers are one of the most commonly sold and used analytical devices. Drug discovery and development, metabolomics, and diagnostics are some of the applications using atomic spectroscopy.
Increase in the penetration of technology in the R&D field, various global research organization increasing their demand for hyper sophisticated analytical instrument, increasing government support, increasing demand on the discovery of newer molecules by pharmaceutical and chemical organization, increasing international standard for food and drug safety are the some market factors which drive the market for atomic Spectroscopy. The most important driver for the market of atomic spectroscopy is rapid growth in R&D. On the other hand, huge expenditure for initial set-up and instrumentation, high maintenance cost, requirement of technically well-skilled personnel, unawareness in many countries of the world are some of the major restraints of atomic spectroscopy.
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Atomic Spectroscopy Market Categories: Segmentation
The global atomic spectroscopy market is segmented based on product type, application, end-user, distribution channel and geography.
On the basis of type, the global atomic spectroscopy is segmented into instruments and reagents.
Based on the application the market is segmented into food and beverage testing, pharmaceutical, industrial, environmental testing, geological sciences, petrochemical, academics and, others.
On the basis of end-users, the market is segmented into laboratories, universities, manufacturing facilities, government agencies.
Based on distribution channel the market is segmented into Direct Tenders and Retail.
Atomic Spectroscopy Market: Geographic Segmentation
Based on geography the market is segmented into 7 geographical regions, North America, Latin America, Europe, Asia-Pacific, Japan and Middle East and Africa. The geographical regions are further segmented into major countries such as U.S. Canada, Brazil, Argentina, Nordics, Benelux, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Australia and New Zealand, Brazil, India, Russia, South Africa and many others. North America is expected to dominate the market for atomic spectroscopy owing to technological developments and high expenditure in research and development.
Atomic Spectroscopy Market: Company Share Analysis
The market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. For example, on May 3rd, 2016 introduced the Agilent 5110 ICP-OES will enable scientists to perform faster, more precise ICP-OES analysis than ever before in food, environmental and pharmaceutical testing as well as for mining and industrial applications. The market scope also covers company shares for atomic spectroscopy market for North America, U.S., Europe, Germany, France, U.K., Asia Pacific, Japan, China, South America and Middle East and Africa.
Some of the major players operating in the global atomic spectroscopy market are Thermo Fisher Scientific Inc., Agilent Technologies, PerkinElmer, Inc., Bruker Corporation, Rigaku Corporation, Aurora Biomed, Buck Scientific, Shimadzu Corporation, Analytik Jena AG, GBC Scientific Equipment, Labnics Equipment, SAFAS Monaco, Hitachi High-Technologies Corporation, Avantor and, Sigma-Aldrich Co. LLC among others.
Other Market Insights:
Global Molecular Spectroscopy Market, latest insights by Data Bridge Market Research says that market is growing at a CAGR of 5.0% in the forecast period 2017 to 2024, expected to reach USD 6.172 billion by 2024
Global Infrared Spectroscopy Market, latest insights by Data Bridge Market Research says that the new market report contains actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
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