This report studies the global atomic spectroscopy market over the forecast period of 2013 to 2018. The market was valued at $4.02 billion in 2013 and is expected to reach $5.5 billion by 2018, growing at a CAGR of 6.4% from 2013 to 2018.
The demand for atomic spectroscopy instrumentation has been quite robust due to its wide arena of applications. Technologies like X-Ray Fluorescence (XRF) and X-Ray Diffraction (XRD) have important quality control applications in the detection of hazardous elements in consumable commercial goods, semiconductors, and electronics, among others.
Various regulatory authorities across industries have enforced stringent safety regulations in order to ensure that the products launched in the atomic spectroscopy market adhere to quality specifications. The use of technologies facilitate the compliance with these regulations by enabling the measurement and monitoring of the level of metals in samples. This is one of the key factors propelling the growth of this market. Furthermore, the increasing use of atomic spectroscopy technologies in the pharmaceutical industry will contribute to the growth of the market.
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The report categorizes the global atomic spectroscopy market on the basis of technology, applications, and geography. Based on technology, the market comprises Atomic Absorption, X-Ray Diffraction, X-Ray Fluorescence, Inductively Coupled Plasma Spectroscopy, Elemental Analyzers, and others. The application areas include pharmaceuticals, biotechnology, research, environmental testing, and food and beverage testing, among others. Based on geography, the market is divided into North America, Europe, Asia, and the Rest of the World (RoW). The report further includes country- wise markets for North America (the U.S. and Canada), Europe (Germany, the U.K, France, Italy, Spain, and Rest of Europe), and Asia (Japan, China, India, and Rest of Asia). North America is the largest market, followed by Europe and Asia. However, the Asian atomic spectroscopy market is slated to grow at the highest rate over the next five years.
North America accounted for the largest share of the global atomic spectroscopy market, followed by Europe and Asia. However, the Asian market is expected to witness the highest growth in the forecast period. The growth in the Asian market will be centered at the high-growth Indian and Chinese markets. Leading players in the atomic spectroscopy market have undertaken major developments in these countries and are planning to further increase their presence in these countries.
Agilent Technologies (U.S), Analytik Jena AG (Germany), Aurora Biomed (Canada), Bruker Corporation (U.S.), GBC Scientific Equipment Pty Ltd. (Australia), Hitachi High-Technologies Corporation (Japan), PerkinElmer, Inc. (U.S.), Rigaku Corporation (Japan), Shimadzu Corporation (Japan), and Thermo Fisher Scientific (U.S.) are some of the prominent players in the global atomic spectroscopy market.
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