Atomic Spectroscopy Market Size, Share, Growth Report 2032

Global Atomic Spectroscopy Market Overview

The global atomic spectroscopy market accounted for USD 5.22 Billion in 2020 and is expected to reach USD 8.80 Billion by 2028, growing at a CAGR of 6.8% from 2021 to 2028.

Atomic Spectroscopy is the technique which is carried out for the determination of the elements and its compositions and it is the study of absorption and emission of the electromagnetic radiation by an atom. Radiations are emitted when the electrons are excited from one valence bond to the other valence bond which is lower valence bond. Absorption of the energy takes place when one relaxed electron moves from lower valence bond to the higher valence bond. Atomic mass spectroscopy consists of an ion source, detector and a mass analyzer.

It is carried out in mainly three techniques mainly, atomic absorption, atomic emission and fluorescence. The atomic identities are determined by the ratios which are taken using a mass analyzer to a mass to charge and concentrations are detected by the total no. of ions detected.

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COVID-19 Impact Analysis

Since the COVID-19 outbreak which first started in (China) 2019, and from then on, it has spread all around the world at constantly growing and growing. There are many Countries which got affected. The COVID-19 outbreak has affected many businesses, country’s economies and industries in various ways. But, for the Atomic spectroscopy, it is significant for the research and development and has practical application in the healthcare sector and also used in pharmaceutical sector. Also the rise in food and beverage industry for qualitative analysis has brought in greater boost in the scenario.

Growth Factors:

The major factor that drives the atomic spectroscopy market is the growing government fund on the research activities and developments in drug discovery research. In addition to this, the growth in the food safety concerns and stringent regulations have gained the growth in the market. Then the expansions by conferences and overall technological advancement and key players and rising awareness of the atomic spectroscopy are also expected to boost the global market growth. International companies that are entering in the global atomic spectroscopy market by the acquisitions and expansions are also anticipated to contribute to the global market growth. Many companies are focusing primarily on healthcare and clinical science, integrated services and solutions for laboratory research and analysis, which in turn may encourage the global market growth.

Report Scope:

Global Atomic Spectroscopy Market Application Segment Analysis Preview

In Global Atomic Spectroscopy Market Report, The Pharmaceutical & Biotechnology sector of the type segment held the shared percent of 37.5% in 2020. This is attributable to the growing in the coming years, as improving Healthcare and requirement of accuracy in the pharmaceutical and healthcare system. There are various regulatory authorities across the industrials have enforced to safety regulations. And the another emerging sectors chemical industry which has wide applications for chemical accuracy and testing. Some other sectors of the segment are Environmental testing, Food & beverage testing. The sector food and beverages is growing as increased food concerns are rising all over the world.

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Global Atomic Spectroscopy Market Technology Segment Analysis Preview

The technology segment is growing a substantial CAGR in year 2020. The segment is further bifurcated into Element analyzers, X-ray Diffraction spectroscopy, X-ray Fluorescence spectroscopy, inductively coupled plasma (ICP) Spectroscopy, Atomic absorption spectroscopy, Inductively Couples plasma mass Spectroscopy. In 2020, the atomic absorption spectroscopy segment is estimated to account largest share of the market and ICP-MS is also expected to grow at the highest rate during the forecast period.

Global Atomic Spectroscopy Market? Regional Analysis Preview

In Global Atomic Spectroscopy Market Report, North America dominates the market and contributes the largest market share for the forecast years of 2021 to 2028. This is due to the presence of large pharmaceutical and chemical Industries in the global Atomic spectroscopy market. Along with that, strict regulations which are implemented by the government for the safety of drugs. In addition, the food and beverages also fuel the global market growth. Along with this Asia Pacific is also growing and is forecasted to grow further at a CAGR of 10.4% for the upcoming forecasted years from 2021 to 2028. The development in the region is because of the developing nations such as India and China who are emerging economies also accounted for the largest market chunk for atomic spectroscopy as major players are expanding their businesses in these regions.

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Key Market Players & Competitive Landscape

The major market players in the atomic spectroscopy market include Rigaku Corporation, Agilent Technologies, and Shimadzu Corporation, GBC Scientific Equipment Pty Ltd., PerkinElmer, Inc., Bruker Corporation, Thermo Fisher Scientific, and Hitachi High-Technologies Corporation.

The global atomic spectroscopy market is segmented as follows:

Global Atomic Spectroscopy Market By Application

• Pharmaceutical & Biotechnology
• Environmental Testing
• Food & Beverage Testing
• Industrial Chemistry

By Technology

• Elementary Analyzers
• X-ray Diffraction Spectroscopy
• X-ray Fluorescence Spectroscopy
• Inductively Coupled Plasma (ICP) Spectroscopy
• Atomic Absorption Spectroscopy
• Inductively Couples Plasma Mass Spectroscopy

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa