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The impact of the different market factors on elemental analysis market

The impact of the different market factors on elemental analysis market

Elemental analysis helps in quantitative and qualitative identification of various elements in different application areas such as life sciences, food and beverage testing, environment testing, geology, cosmetics testing, and petroleum. The technologies used for elemental analysis depend on the sample to be analyzed. The technologies predominantly used for elemental analysis are Inductively Coupled Plasma Spectrometry, Inductively Coupled Plasma-Mass Spectrometry (ICP-MS), Inductively Coupled Plasma-Optical Emission Spectrometry (ICP-OES), X-ray Diffraction (XRD), and X-ray Fluorescence (XRF). Both organic and inorganic elements can be identified using these technologies. The global market is segmented on the basis of types, technologies, and applications. By type, the market is categorized into organic elemental analysis and inorganic elemental analysis. In 2015, the inorganic elemental analysis segment is estimated to account for the larger share of the market. This segment is expected to grow at the higher rate during the forecast period. On the basis of technology, the market is divided into destructive and nondestructive technologies. In 2015, the nondestructive technologies segment is likely to account for the larger share of the market. However, the destructive technologies segment is expected to grow at the higher rate from 2015 to 2020. The market, by application, is segmented into life sciences, food and beverage testing, environment testing, geology, and other application areas. In 2015, the environment testing segment is poised to account for the largest share of the market. However, the life sciences segment is expected to grow at the fastest rate during the forecast period. The key factors that are expected to spur the growth of this market are the increasing use of X-ray fluorescence in medical research, growing food safety concerns, and increasing life science R&D spending. Moreover, emerging nations of India and China, increasing demand from applied markets, and requirement to comply with the revised chapter 231 of the U.S. Pharmacopeia are likely to create opportunities for elemental analyzers. However, high cost of elemental analysis equipment is likely to pose as a restraint for the growth of this market. Need for highly skilled professionals acts as a challenge in the global market

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Detailed Qualitative & Quantitative Analysis on Elemental Analysis Market.pdf

Detailed Qualitative & Quantitative Analysis on Elemental Analysis Market.pdf

The elemental analysis market is segmented on the basis of types, technologies, applications and regions. New international GMP and GDP certification ‘EXCiPACT’ for pharmaceutical excipients (North America & Europe), growing food safety concerns, increasing life science R&D spending, increasing use of X-ray fluorescence in medical research, and rise in use of Atomic Absorption Spectroscopy (AAS) to aid the drug safety process are major factors driving this market. In addition, the market has witnessed various technological advancements to meet the needs of biotechnology and biopharmaceutical companies; food and beverage, chemical, semiconductor industries; and environmental testing. These advancements have led to the development of Inductively Coupled Plasma Spectrometry (ICP), Inductively Coupled Plasma Mass Spectrometry (ICP-MS), and Atomic Absorption Spectrometry (AAS). Moreover, emerging market across India and China, increasing demand from applied markets, and requirement to comply with the revised chapter 231 of the U.S. Pharmacopeia are likely to create opportunities for market growth. The high growth in India and China can be attributed to China’s focus on innovative cancer treatments aided by ICP-AES, strategic expansions by players in China, use of Inductively Coupled Plasma Mass Spectrometry (ICP-MS) in traditional Chinese medicines, increasing focus on soil testing and food security, and training programs to increase awareness of elemental analysis in India. However, high costs of elemental analyzers are likely to pose as a restraint for the growth of the market. Need for highly skilled professionals acts as a challenge in the market. Some of the major players in the global elemental analysis market include Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), PerkinElmer, Inc. (U.S.), AMETEK, Inc. (U.S.), Bruker Corporation (U.S.), HORIBA, Ltd. (Japan), Shimadzu Corporation (Japan), Rigaku Corporation (Japan), Analytik Jena AG (Germany), and Elementar Group (Germany).

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