Global Atomic Spectroscopy Market (2021-2026) by Application, Technology, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Atomic Spectroscopy Market is estimated to be USD 5.32 Bn in 2021 and is expected to reach USD 7.86 Bn by 2026, growing at a CAGR of 8.12%.



Market Dynamics
The major factors driving the growth of the global atomic spectroscopy market are the rising older population, improved healthcare infrastructure, rising food safety concerns, and increased healthcare spending. The increase in demand for the product to aid in the drug safety process and medical research, the growth in government investments in atomic spectroscopy technology, as well as the introduction of worldwide CGMP & CGDP certification for pharmaceutical excipients are Further driving the market growth. In addition, the innovation and new product releases provide lucrative prospects and growth opportunities for the global atomic spectroscopy market
However, the high costs of maintenance and procurement and Inadequate funds for initial set-up and instrumentation are restraining the expansion of the atomic spectroscopy industry. In addition, the lack of skilled and trained professionals is expected to create challenges for the market growth.

Market Segmentation

The Global Atomic Spectroscopy Market is segmented further based on Application, Technology, and Geography.

By Application, the market is classified into environmental testing, food & beverage testing, geochemical/mining, industrial chemistry, petrochemical, and pharmaceuticals & biotechnology. Amongst all, the environmental testing segment is estimated to hold the highest market share during the forecast period.

By Technology, the market is classified as Atomic Absorption Spectroscopy (AAS), Elemental Analyzers, Inductively Coupled Plasma-Optical Emission Spectroscopy (ICP-OES), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS), X-Ray Diffraction (XRD), And X-Ray Fluorescence (XRF). Amongst all, Atomic Absorption Spectroscopy (AAS) segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Avantor to acquire Ritter GmbH and its affiliates; expands proprietary offering for diagnostic and drug discovery workflows. - 12th April 2021.
2. Danaher completes acquisition of the biopharma business of General Electric life sciences; business will be called Cytiva. - 31st March 2020.

Company Profiles

Some of the companies covered in this report are Adeptrix Corp, Agilent Technologies, Inc, AMETEK Inc, Analytik Jena AG, Aurora Biomed Inc, Avantor, Inc, Bruker Corporation, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Atomic Spectroscopy Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market