Study of electromagnetic radiations that is emitted or absorbed by atoms is known as atomic spectroscopy.When electrons are excited, they move from higher valence bond to lower valence bond and emit radiations (emission). However, a relaxed electron moves from lower valence bond to higher valence bond resulting in absorption of energy.
Atomic spectroscopy market can be segmented as below based on technologies:
- X-ray Fluorescence Spectroscopy
- X-ray Diffraction Spectroscopy
- Inductively Coupled Plasma Mass Spectroscopy (ICP-MS)
- Inductively Coupled Plasma (ICP) Spectroscopy
- Atomic Absorption Spectroscopy
- Elemental Analyzers
Among all aforementioned technologies, X-ray fluorescence spectroscopy market accounts for the largest share to the atomic spectroscopy market. This is due to the fact that they are efficient in analyzing solid samples precisely. Also, procedures performed via X-ray fluorescence are user-friendly in nature along with being cost efficient.Inductively coupled plasma mass spectroscopy (ICP-MS) market is expected to show the highest growth rate during the forecast period 2015 to 2025. This growth is attributed to revision in various regulations (chapter 231) of the U.S. Pharmacopeial Convention. The revised regulation mandates the utilization of inductively coupled plasma mass spectroscopy by pharmaceutical companies, which will propel the overall growth of inductively coupled plasma mass spectroscopy market.
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Atomic spectroscopy is utilized in various institutes (applications):
- Food and Beverage Testing
- Industrial Chemistry
- Environmental Testing
Among all these, application of atomic spectroscopy in pharmaceutical market accounts for the largest share of total market. This large market size is due to increased utilization of atomic spectroscopy in the various pharmaceutical activities such as drugs manufacturing.Their efficiency helps develop and manufacture drugs precisely, that increases the uptake of atomic spectroscopy while manufacturing drugs by pharmaceutical companies. Hence, atomic spectroscopy market is expected to grow at the highest CAGR during the forecast period 2015 to 2025.
Stringent safety regulations regarding the drug safety, and food and beverage testing by regulatory authorities across the globe will drive the growth of atomic spectroscopy market at a high CAGR during the forecast period. Safety regulations will propel the demand for the utilization of atomic spectroscopy in industrial chemistry sector along with environmental testing since; it will help monitor the volume of metal in any sample. Likewise, increasing application of atomic spectroscopy in medical research and drug safety will also boost the growth of atomic spectroscopy market.However, lack of trained professionals for handling atomic spectroscopy devices and technology may restrain the growth of atomic spectroscopy market.
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Domicile of large pharmaceutical and industrial chemistry companies in North America have supported the region to contribute the largest share of total atomic spectroscopy market. Also, stringent government regulations regarding safety of drugs, food and beverages has also supported the large market size in the region. Asia-Pacific is expected to foresee the highest CAGR during the forecast period 2015 to 2025. This is due to the fact that major players such as Agilent Technologies are intending to expand their business in the emerging nations like India and China, which will drive the growth of atomic spectroscopy market. The major players operating in the atomic spectroscopy market include Agilent Technologies, Aurora Biomed, Bruker Corporation, Hitachi High-Technologies Corporation, Shimadzu Corporation, GBC Scientific Equipment Pty Ltd., Thermo Fisher Scientific, PerkinElmer, Inc., Analytik Jena AG and Rigaku Corporation among other significant players.