Atomic Spectroscopy Market is poised to grow at 7.2% till 2024

According to Data Bridge Market Research new Market report “Global Atomic Spectroscopy Market, 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”, 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 new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.  

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 - Market Segmentation:

Global Atomic Spectroscopy Market is segmented on the basis of type, application, end-users, distribution channel and geography.

On the basis of type the global atomic spectroscopy is segmented into instruments and reagents. The instruments market sub-segment is further segmented into atomic absorption spectrometers, X-ray fluorescence spectrometers, X-ray diffraction spectrometers, inductively coupled plasma mass spectrometers (ICP-MS), inductively coupled plasma (ICP) spectrometers, and others.

Based on 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-user the market is segmented into Laboratories, Universities, Manufacturing Facilities, and Government Agencies.

Based on distribution channel the market is segmented into Direct Tenders and Retail.

Atomic Spectroscopy Market - Geographical Segmentation

Based on geography the market is segmented into 7 geographical regions such as North America, Latin America, Europe, Asia-Pacific, Japan and Middle East and Africa. The report of this market covers data points for 52 countries which are 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. 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.

Atomic Spectroscopy Market - Competitive Landscape:

Some of the major players in this market include 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.

Browse Related Reports:

Global Molecular Spectroscopy Market, By Type (Nuclear Magnetic Resonance (Continuous Wave, Fourier Transform, Solid State), UV-Vis, Infrared (IR), Near Infrared (NIR), Colour Spectroscopy, Raman Spectroscopy, Others), By Applications (Pharmaceuticals, Biotech, Food and Beverages, Environmental Testing, Academics, Others), By Geography (North America, South America, Europe, Asia-Pacific, Rest of the World) – Industry Trends and Forecast to 2024


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