Atomic Spectroscopy Market 2019 | Key Players are Agilent Technologies, PerkinElmer, Thermo Fisher Scientific, and Bruker
The Report “ Atomic Spectroscopy Market by Technology (Atomic Absorption Spectroscopy/X-Ray Fluorescence/X-Ray Diffraction/ICP-MS/ICP-OES) & by Application (Food & Beverage Testing/Pharmaceuticals & Biotechnology / Environmental Testing) - Analysis & Global Forecast to 2020”
The atomic spectroscopy market is poised to reach USD 5.60 Billion by 2020, growing at a CAGR of 6.0% during the forecast period of 2015 to 2020.
The growth of the overall market can be contributed to rising investments, funds, and grants by government bodies worldwide and technological advancements. In addition, growing food safety concerns and stringent regulations have contributed to market growth.
In the coming years, the atomic spectroscopy market is expected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan. The high growth in India and China can be attributed to rising food safety concerns, emerging biotech industry and conferences that act as a platform for companies to showcase their products and establish business relations.
North America is expected to account for the largest share of the global atomic spectroscopy market. However, the dearth of trained professionals and high cost of equipment are likely to restrain the growth of the market during the forecast period.
The demand for atomic spectroscopy systems has been on the rise due to the burgeoning requirements of the life sciences and pharmaceutical industries as wells as the substantial demand from the chemical and petrochemical industries. Various regulatory authorities across industries have enforced stringent safety regulations in order to ensure that the products launched in the market adhere to quality specifications.
The use of atomic spectroscopy technologies facilitate the compliance with these regulations by enabling the measurement and monitoring of the level of metals in samples.
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Some of the major players in the global atomic spectroscopy market include Agilent Technologies (U.S.), PerkinElmer (U.S.), Thermo Fisher Scientific (U.S.), and Bruker Corporation (U.S.). Know more about key players
The atomic spectroscopy market is poised to reach USD 5.60 Billion by 2020, growing at a CAGR of 6.0% during the forecast period of 2015 to 2020.
The growth of the overall market can be contributed to rising investments, funds, and grants by government bodies worldwide and technological advancements. In addition, growing food safety concerns and stringent regulations have contributed to market growth.
In the coming years, the atomic spectroscopy market is expected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan. The high growth in India and China can be attributed to rising food safety concerns, emerging biotech industry and conferences that act as a platform for companies to showcase their products and establish business relations.
North America is expected to account for the largest share of the global atomic spectroscopy market. However, the dearth of trained professionals and high cost of equipment are likely to restrain the growth of the market during the forecast period.
The demand for atomic spectroscopy systems has been on the rise due to the burgeoning requirements of the life sciences and pharmaceutical industries as wells as the substantial demand from the chemical and petrochemical industries. Various regulatory authorities across industries have enforced stringent safety regulations in order to ensure that the products launched in the market adhere to quality specifications.
The use of atomic spectroscopy technologies facilitate the compliance with these regulations by enabling the measurement and monitoring of the level of metals in samples.
Read More
Some of the major players in the global atomic spectroscopy market include Agilent Technologies (U.S.), PerkinElmer (U.S.), Thermo Fisher Scientific (U.S.), and Bruker Corporation (U.S.). Know more about key players
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