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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