Fairfield Market Research
Atomic Spectroscopy Market

Atomic Spectroscopy Market

Global Industry Analysis (2018 - 2022), Growth Trends, and Market Forecast (2023 - 2030)

Published Date: Upcoming | Format:

Industry: Healthcare IT

Request TOC More Information

This study intends to analyse diverse aspects of the global atomic spectroscopy market. The insights offered in this report are expected to aid in market growth examination over the forecast timeline.

Market Analysis in Brief

The global atomic spectroscopy market is a rapidly growing industry that involves the analysis of elemental composition of various samples using assorted techniques. It has found applications in environmental testing, F&B, industrial chemistry, petrochemicals, as well as pharma and biotech industries, to name a few. The many techniques employed in this industry include, inductively coupled plasma mass spectrometry (ICP-MS), atomic absorption spectroscopy (AAS), inductively coupled plasma optical emission spectrometry (ICP-OES), and X-ray fluorescence spectroscopy (XRF). With the further implementation of innovative techniques in various applications, the global atomic spectroscopy industry is slated to experience healthy growth in the years ahead.

Key Report Findings

  • The global atomic spectroscopy market was valued at approximately US$5 Bn in 2020
  • The pharmaceutical & biotechnology application segment to account for the highest market share
  • Agilent Inc. is the largest atomic spectroscopy company in the world
  • The ICP-MS technology segment is slated to trailblaze this market
  • Asia Pacific to index the highest CAGR over the forecast period

Growth Drivers

Increasing Demand for Atomic Spectroscopy Techniques in End-use Industries

Over the recent past, there has been a steady increase in the demand for atomic spectroscopy techniques by various end-use industries such as the pharmaceutical and biotechnology sectors. Atomic spectroscopy is extensively used in drug discovery and development processes as well as in quality control and analysis of pharmaceutical products. The ever-growing demand for safe and high-quality drugs is expected to further drive the adoption of these techniques. Moreover, food safety is a growing concern worldwide, and atomic spectroscopy is a critical tool in testing food for contaminants such as pesticides and heavy metals.

Additionally, atomic testing is extensively used in environmental testing for the analysis of pollutants in the air, water, and soil. The continual expansion of these end-use industries and their further use of these techniques for various applications is a major factor that is expected to have a profound impact on the projected growth trajectory of the global atomic spectroscopy market in the future.

Technological Advancements, and Increasing Investments

While the adoption of atomic spectroscopy around the world has been exhaustive, various governing authorities are now paying more heed to the importance of these techniques. As such, there has been a steady increase in the number of investments being channelled toward further R&D initiatives that allow for the development of new and innovative techniques and instruments.

Moreover, this funding is also aimed at developing new applications for atomic spectroscopy testing. These advances in technology enable the development of more sensitive and precise instruments, which in turn is expected to lead to a higher adoption rate of these techniques for a wider range of applications. For instance, the development of high-resolution ICP-MS instruments has enabled the analysis of trace elements in complex samples at exceptionally low concentrations. These factors are also expected to have a significant influence on the further expansion of the global atomic spectroscopy market.

Growth Challenges

High Costs of Instruments, and Availability of Alternative Technologies

The costs associated with atomic spectroscopy instruments are high, which may limit their adoption by small and medium-sized enterprises and academic institutions. Moreover, the present availability of               alternative technologies such as chromatography and mass spectrometry for various applications may further limit the adoption of atomic spectroscopy techniques. While these instruments require specialized knowledge and skills, there seems to be a shortage of skilled professionals in this field.

Additionally, the regulatory standards for analytical testing, particularly in pharmaceuticals and food, are rapidly becoming more stringent. The time and costs needed to comply with these norms may be an undermining element. Factors like these are expected to negatively affect the adoption and thus growth of the global atomic spectroscopy market.

Growth Opportunities Across Regions

North America to Trailblaze

While splicing this global market based on regional performance and potential, Fairfield Market Research has found that North America is expected to remain a frontrunner in the atomic spectroscopy market in the years ahead. This can be attributed to the presence of well-established pharma and biotech industries as well as industry players in the region, and increasing investments being made by respective governments towards augmentation in the field of atomic spectroscopy. Europe is expected to account for a considerable share in the global atomic spectroscopy industry.

Upsurge in R&D Investments Uplift Asia Pacific

The atomic spectroscopy market size in Asia Pacific is slated to index the highest CAGR over the forecast period. This can be accredited to the increasing adoption of these techniques by end-use industries, the surge in investments toward R&D initiatives, as well as the mushrooming of research and academic institutions in this region that employ atomic spectroscopy techniques.

Key Market Players – Atomic Spectroscopy Landscape

Some key companies in the global atomic spectroscopy market include Agilent Technologies Inc., Thermo Fisher Scientific Inc., PerkinElmer Inc., Shimadzu Corporation, Bruker Corporation, GBC Scientific Equipment Pty Ltd., Analytik Jena AG, Rigaku Corporation, Hitachi High-Technologies Corporation, and Spectris Plc., to name a few. To gain a competitive edge, various established industry players are now more focused on new product launches, partnerships, collaborations, acquisitions, and alliances.

Recent Notable Developments

  • In February 2021, Thermo Fisher Scientific Inc. launched its new Inductively Coupled Plasma Optical Emission Spectrometry (iCAP PRO X ICP-OES) system. This system is designed to provide improved analytical performance for trace elemental analysis across a range of applications, including food safety, environmental testing, and industrial analysis

  • In December 2020, Agilent Technologies Inc. acquired Resolution Bioscience Inc., a provider of NGS-based liquid biopsy tests for cancer diagnostics. This move is expected to expand Agilent’s capabilities in precision medicine and cancer diagnostics and enhance its atomic spectroscopy portfolio

  • In August 2020, PerkinElmer Inc. announced the launch of its new Avio 560 Max ICP-OES system. This system is designed to provide improved sensitivity and productivity for trace element analysis in a wide range of applications, including complex matrices

Regional Classification of the Global Atomic Spectroscopy Market is Listed Below:

North America

  • U.S.
  • Canada


  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Atomic Spectroscopy Market

  • Atomic Spectroscopy Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

Post Sale Support, Research Updates & Offerings

We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.

  • The report will be prepared in a PPT format and will be delivered in a PDF format.
  • Additionally, Market Estimation and Forecast numbers will be shared in Excel Workbook.
  • If a report being sold was published over a year ago, we will offer a complimentary copy of the updated research report along with Market Estimation and Forecast numbers within 2-3 weeks’ time of the sale.
  • If we update this research study within the next 2 quarters, post purchase of the report, we will offer a Complimentary copy of the updated Market Estimation and Forecast numbers in Excel Workbook.
  • If there is a geopolitical conflict, pandemic, recession, and the like which can impact global economic scenario and business activity, which might entirely alter the market dynamics or future projections in the industry, we will create a Research Update upon your request at a nominal charge.

Request Table of Contents

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

Read more
Fairfield Quality assured
Fairfield Confidentiality assured
Fairfield Custom research services