Global X-Ray Fluorescence (XRF) Market, By Product Type (Handheld, Desktop), Application (Cement, Mining & Metals, Petroleum, Chemicals, Environmental, Food & Pharmaceutical), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
X-ray fluorescence (XRF) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.04% in the upcoming forecast period with the estimation of USD 1,312.24 Million in 2020 and is estimated to reach USD 1,944.7 Million by 2028. The rising growth in the global disease burden and increase in the demand for better quality control options providing aid in escalating the growth of the X-ray fluorescence (XRF) market.
X-ray fluorescence spectrometry is an accessible, non-destructive, chemical analysis procedure with a wide range of implementations in industries which includes geology, environment, mining and cement production, glass and ceramics, food, forensic science, and health care. X-ray fluorescence spectrometry utilizes non-destructive X-rays emanated under high-energy X-ray radiation to analyze and trace amounts of pathological components, without demolishing or destructing the sample composition under test. Despite that, X-ray fluorescence spectrometry is not very widely occupied in analyzing biological samples, as the procedure requires vacuum conditions that can possibly dehydrate or destruct biological samples. It can be used broadly in the analysis and quality control of pharmaceutical and health care materials.
Due to the wide regulation of these spectrometers in various areas, technological improvements to make X-ray fluorescence spectrometers more suitable for health care. Furthermore, growing use of X-ray fluorescence spectrometers in tablet grouping processes to examine contaminants externally as well as internally is expected to augment the demand for X-ray fluorescence spectrometers across the world in the near future. Speedy growth in the global disease burden and increase in the demand for better quality control options are augmenting the demand for X-ray fluorescence spectrometers, these are some of the factors expected to expand at a significant growth during the forecast period. Compact size and ease of use of these spectrometers and continuous monitoring offered by them are few other factors driving the global X-ray fluorescence spectrometers market. Because to the costs provoke on the instrument and infrastructure of the former two technologies, ICP and AAS. Other costs provoked on ICP and AAS consist of gases, acids, and electricity to operate the mechanism. Lower cost of XRF devices permits multiple measurements throughout the lifecycle of a material or elements for performing live verification. Profits of X-ray fluorescence (XRF) over inductively coupled plasma mass spectrometry (ICP) and atomic absorption spectroscopy (AAS) are factors estimated to be major factors driving the X-ray fluorescence (XRF) market growth. Various developments in XRF-related technologies such as total-reflection XRF (TXRF) and micro-calorimeters and transition edge sensor (TES) X-ray detectors, can create positive influence on revenue opportunities for players in the objective market. Furthermore, technical developments of X-ray fluorescence (XRF) especially in micro-XRF instruments for elemental mapping - whereas coaxial cameras and piezoelectric stages help promote precise positioning - and silicon drift energy dispersive X-ray detectors that are capable of processing at very high-count rates and providing high resolution imaging which is further estimated to escalate X-ray fluorescence (XRF) market growth in future. Increasing benefits of harmless rapid multi-element analysis, easy sample preparations are propelling the X-ray fluorescence (XRF) market growth. Despite that, escalating high initial cost and calibration is expecting to further hinder the X-ray fluorescence (XRF) market growth. Despite that, X-ray fluorescence (XRF) also cannot be used to regulate Beryllium content, which is a definitive loss when measuring alloys or other materials that might contain Beryllium, this is one of the major factors estimated to obstruct growth of the X-ray fluorescence (XRF)market.
This X-ray fluorescence (XRF) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on healthcare analytical testing services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
X-ray Fluorescence (XRF) Market Scope and Market Size
X-ray fluorescence (XRF) market is segmented on the basis of product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the X-ray fluorescence (XRF) market is segmented into handheld, desktop.
- Based on application, the X-ray fluorescence (XRF) market is segmented into cement, mining and metals, petroleum, chemicals, environmental, food and pharmaceutical.
X-ray Fluorescence (XRF) Market Country Level Analysis
X-ray fluorescence (XRF) market is analysed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the X-ray fluorescence (XRF) market report are the U.S., Canada, Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the X-ray fluorescence (XRF) market because of the high adoption of X-ray fluorescence spectrometers, presence of superior health care infrastructure, and favorable reimbursement scenario in the region.
The country section of the X-ray fluorescence (XRF) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Healthcare X-ray Fluorescence (XRF) Market Share Analysis
X-ray fluorescence (XRF) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to X-ray fluorescence (XRF) market.
The major players covered in the X-ray fluorescence (XRF) market report are Olympus Corporation, SUZHOU LANScientific Co.,Ltd., Hefei Jingpu Sensor Technology Co.,Ltd., HORIBA, Ltd., Hitachi, Ltd., Fischer Technology Inc., Elvatech Ltd., DFMC, The British Standards Institution, Bruker, Bourevestnik, SPECTRO Analytical Instruments GmbH, Rigaku Corporation, FAST ComTec GmbH, Baltic Scientific Instruments, Elvatech Ltd., Oxford Instruments, Malvern Panalytical Ltd, PERSEE ANALYTICS, INC., EC21 Inc., Shimadzu Corporation, Skyray Instrument Inc., AMETEK.Inc., Eurocontrol Technics Group Inc. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global X-ray Fluorescence (XRF) Market
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