Spectroscopy
can be defined as the study of interaction between absorption and emission of
light and radiation by material substance. Spectroscopy involves interaction of
electron, proton and ions. Atomic spectroscopy involves the determination of
elemental composition with the utilization of mass or electromagnetic spectrum.
There are three techniques involved in the determination process of atomic
spectroscopy namely atomic absorption, atomic emission and atomic fluorescence.
When a light of sufficient wavelength comes in contact with an atom, the atom
will absorb the light as it enters in an excited state is the principle
involved in atomic absorption. Likewise, atomic fluorescence involves the
combination of atomic absorption and atomic emission. In recent times atomic
spectroscopy is widely utilized in food industries, pharmaceutical industries,
for diagnostic purpose and research laboratories worldwide.
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The
global market for atomic spectroscopy can be segmented as follows:
·
By
technology
o
X-Ray
fluorescence spectroscopy
o
Atomic
absorption spectroscopy
o
X-Ray
diffraction spectroscopy
o
Inductively
coupled plasma (ICP) spectroscopy
o
Inductively
coupled plasma mass spectroscopy (ICP-MS)
o
Elemental
analyzers
o
Others
·
By
application
o
Food
and beverage testing
o
Pharmaceutical
o
Industrial
chemistry
o
Environmental
testing
o
Biotechnology
o
Others
The
X-ray fluorescence technology is widely utilized as an analytical tool for
various quality control purposes in research and pharmaceutical industries
owing to its speed and economy, possibility to directly analyze solid samples
and automation properties. Thus, X-ray fluorescence technology covers a major market
share of the global atomic spectroscopy technology market. Moreover, increasing
demand of food quality, effective diagnostic test in the global market also
accentuates the demand of atomic spectroscopy technologies. X-ray fluorescence
is a common technique which is widely utilized in almost all kind of medical
research and also it is considered as a basic tool in biomedical research.
Thus, with growing utilization of X-ray fluorescence technique the global
market for atomic spectroscopy will also increase.
The
market is driven by many inflowing drivers, such as, rapid growth in the
penetration of technology in the R&D field of various sectors, increased
demand for hyper-sophisticated analytical instrument by various global research
organizations, enhanced governmental support for research purposes, increased
emphasis by pharmaceutical and chemical organizations on the discovery of newer
molecules, frequent rise in international standards for food and drug safety
enforces the use of hyper-sophisticated equipment in the industry. Rapid growth
in R&D practices is considered as the most important driver of the market
growth. For instance, according to the European Federation of Pharmaceutical
Industries and Association (EFPIA), the total R&D expenditure by
pharmaceutical companies in EU27 countries was around USD 41,000 million, in
the year 2012. Furthermore, due to enhanced penetration of technology the
demand for advanced equipment is increasing rapidly. On the other hand, major
restraints include huge expenditure for initial set-up and instrumentation,
high cost of maintenance, need of technically well skilled personnel and
limited awareness in many countries of the world. Initial cost is the biggest
hurdle in the market growth. For instance, the basic instrument of UV-Visible
spectroscopy (the easiest and used method) costs around USD 5,000 to
14,000.
Geographically,
North America dominates the global market of atomic spectroscopy due to
increasing demand of atomic spectroscopy applications and extensive
technological advancements in this region. North America was observed to be the
largest atomic spectroscopy market due to major market players are based in
this region. Europe is the second largest atomic spectroscopy market followed
by Asia-Pacific and Rest of the World. Asia -Pacific is considered as an
emerging market in the global atomic spectroscopy because huge growth
opportunities are expected from Indian and Chinese market during the study
period. However it is expected that Asia-Pacific would be accounting for a
significant market share of the global market in future. This is due to most of
the manufacturers of atomic spectroscopy make up their mind to invest a large
amount in R&D to record high revenue from these promising markets.
Some
of the market players contributing the global market share of atomic
spectroscopy market includes Agilent Technologies, Aurora Biomed, Bruker
Corporation, Analytik Jena Ag, GBC Scientific Equipment Pty Ltd., Perkinelmer,
Inc., Hitachi High-Technologies Corporation, Rigaku Corporation, Shimadzu
Corporation and Thermo Fisher Scientific, Inc.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
·
North
America
·
Asia
Pacific
·
Europe
·
Rest
of the World
This
report provides comprehensive analysis of
·
Market
growth drivers
·
Factors
limiting market growth
·
Current
market trends
·
Market
structure
·
Market
projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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