Global Atomic Spectroscopy Market: Overview

Atomic spectroscopy involves the interaction of gaseous atoms with light, whereby conversion of a gaseous atom takes place. The determination of elemental composition while using electromagnetic spectrum or mass is central to spectroscopy. Atomic emission, atomic absorption, and atomic florescence are the three techniques of the atomic spectroscopy determination process. Atomic spectroscopy is widely used in several industries across the globe, thereby accelerating the expansion of the global atomic spectroscopy market.

The report provides an accurate analysis of the competitive landscape, the trends and opportunities, and drivers and restraints. A technological growth map, a multiple-year forecast, together with Porter’s five force analysis is included in the report. A review of macro and micro factors in the market, recommendations, and recent technological advancements are also covered. The report categorizes the major segments according to application as pharmaceutical, biotechnology, food and beverage testing, environmental testing, industrial chemistry, and others. On the basis of technology, x-ray diffraction spectroscopy, x-ray florescence spectroscopy, elemental analyzers, inductively coupled plasma mass spectroscopy (ICP-MS), atomic absorption spectroscopy, inductively coupled plasma spectroscopy, and others are the key segments.

Global Atomic Spectroscopy Market: Drivers and Restraints

Rising demand for futuristic, highly advanced analytical tools, the spread of technology among numerous R&D sectors, and increased significance of the discovery of new molecules among chemical and pharmaceutical organizations have been the key factors fuelling the demand for atomic spectroscopy. Furthermore, government encouragement of research activities, constant rise in the international standards for drug safety and food, together with its growing number of applications, have been some of the prominent drivers of this market. The most important driver is believed to be the extensive R&D initiatives. On the contrary, high maintenance costs, inadequate funds for initial set-up and instrumentation, lack of awareness, and shortage of skilled personnel are the chief restraints in the global atomic spectroscopy market.

Today, atomic spectroscopy has found application in pharmaceutical industries, food industries, in research laboratories, and for diagnostic purposes. In agriculture, it can be used for analyzing minerals in soil and plants, in order to foster their health and growth. In environmental sciences, atomic spectroscopy helps determine the presence of heavy and toxic metals in air, water, and soil. Monitoring potentially harmful elements in water and waste output in nuclear energy, analyzing fine as well as raw chemicals in the chemical industry, and testing and quality assurance in food industry are some of the uses of atomic spectroscopy.

 Global Atomic Spectroscopy Market: Regional Analysis

North America stood first among regional markets for atomic spectroscopy, while Europe took charge of the second position. The ever-extending demand for atomic spectroscopy in regards to application and significant technological achievements in the region have been the major reasons for North America’s success. Although Asia Pacific ranks third among the regional segments, it will spring up to a great extent in near future, claiming a significant share in the global market for atomic spectroscopy. This is due to the tremendous opportunities held by the India and China markets. Moreover, the inclination of manufacturers towards investment in R&D activities in order to tap higher profits from these promising markets will be responsible for the advancement of the Asia Pacific atomic spectroscopy market.

Key Players Mentioned in the Report

Thermo Fisher Scientific, Inc., Aurora Biomed, GBC Scientific Equipment Pty Ltd., Agilent Technologies, Bruker Corporation, Hitachi High-Technologies Corporation, Rigaku Corporation, Analytik Jena Ag, Shimadzu Corporation, and PerkinElmer, Inc. are some of the major competitors mentioned in the report.

The global market for atomic spectroscopy can be segmented as follows:

By technology

  • X-Ray fluorescence spectroscopy
  • Atomic absorption spectroscopy
  • X-Ray diffraction spectroscopy
  • Inductively coupled plasma (ICP) spectroscopy
  • Inductively coupled plasma mass spectroscopy (ICP-MS)
  • Elemental analyzers
  • Others

By application

  • Food and beverage testing
  • Pharmaceutical
  • Industrial chemistry
  • Environmental testing
  • Biotechnology
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Atomic Spectroscopy Market

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