Elemental Analysis Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Elemental Analysis Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Key Highlights

• Major factors that are driving the elemental analysis market are increasing introduction of technologically advanced products, and growing research and development investments in life sciences.
• Additionally, implementation of regulations mandating elemental analysis of pharmaceutical and biotech products and increasing awareness regarding elemental analysis are some of the other factors expected to drive the market during forecast period.
• However, lack of skilled professionals available to perform elemental analysis is the major restraint that might impede the growth of the elemental analysis market globally.

• Inorganic elemental analysis involves a variety of analytical methods that can qualitatively or quantitatively determine the inorganic and elemental composition of solids or liquids or aqueous solutions, chemical mixtures, materials or prodcts. Inorganic components include cations, metals, anoins, inorganic salts.
• Frequent launches of the new technolgically advanced products is likely to drive the inorganic elemental analysis segment in the market studied globally.
• In July 2017, PerkinElmer has launched an Inductively Coupled Plasma Optical Emission Spectrometer (ICP-OES) for high volume labs. The Avio 500 is designed for analytical labs running high throughput multi-elemental inorganic analyses for a variety of sample matrices.

• North America is dominating the global elemental analysis market owing to the vast development technologically advanced products for elemental analysis, availability of extensive areas of elemental analysis applications such as healthcare, pharmaceuticals, biotechnology, chemicals, and food and beverage industries amongst others.
• However, Asia Pacific region is anticipated to be as a fastest growing region in elemental analysis market owing to the growing awareness regarding elemental analysis, increasing demand from applied markets in the region, strategic expansion of major players into the emerging economies in Asia Pacific region.

Elemental Analysis market is very competitive with most of the players competing to increase market shares. Strong competition, rapid technological advancements are key factors that confront the market. Key players in the market are Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Shimadzu Corporation, Analytik Jena AG, Agilent Technologies, Inc., Elemental Analysis, Inc., Rigaku Corporation, Eurofins Scientific , BrUnited Kingdomer, ELTRA GmbH amongst others. Key developments in the market includes, in June 2018, BrUnited Kingdomer launched its new S6 JAGUAR™, an exceptionally powerful and versatile benchtop Wavelength Dispersive X-Ray Fluorescence (WDXRF) spectrometer.

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