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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 2.82 billion by 2030 | 6.30% | North America |
| by Type | by Technology | by Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Elemental Analysis Market Overview
The elemental analysis market is expected to grow at 6.30% CAGR from 2023 to 2030. It is expected to reach above USD 2.82 billion by 2030 from USD 1.84 billion in 2023.
A technique called elemental analysis is used to locate and count the elements in a sample. It can be used to determine the amounts of various elements present in a range of substances, including soils, plants, rocks, minerals, metals, and other things. Elemental analysis is a technique that can be used to study the composition of materials, assess their purity, and pinpoint trace components. Elements can be analyzed using a variety of methods, including atomic absorption spectrometry, X-ray fluorescence, and inductively coupled plasma mass spectrometry.
Major market drivers include new international GMP and GDP certification called “EXCiPACT” for pharmaceutical excipients in North America and Europe, rising food safety concerns, rising life science R&D spending, expanding use of X-ray fluorescence in medical research, and growing use of Atomic Absorption Spectroscopy (AAS) to support the drug safety process. Due to these developments, inductively coupled plasma spectrometry (ICP), inductively coupled plasma mass spectrometry (ICP-MS), and atomic absorption spectrometry (AAS) have all been developed. Additionally, prospects for market expansion are probably going to be brought about by the rising markets in China and India, the rise in application market demand, and the need to adhere to the updated Chapter 231 of the US Pharmacopoeia.
One of the key factors propelling the growth of the elemental analyzer market is the rising need for the analysis of solid materials’ elemental composition. Inorganic and organic compounds can be analyzed by elemental analyzers, and they can produce accurate results. Elemental analyzers are user-friendly since they can simultaneously determine Sulphur and Carbon. The need for elemental analyzers is rising as a result of the need to determine the elemental composition of materials in sectors such as the construction, mining, petrochemical, and pharmaceutical industries. But during the anticipated term, a shortage of skilled labor is anticipated to constrain the market. Since the workforce in many developing and undeveloped nations lack the technical expertise to operate modern equipment, elemental analysis is often conducted using older instruments. Consequently, many manufacturers in these nations run training programs. However, there is still a sizable gap between the demand and availability of workers who can operate devices for elemental analysis.
The growing need for elemental analysis in emerging industries like renewable energy, nanotechnology, and biotechnology is one of the major opportunities in the elemental analysis market. Market expansion is being driven by the demand for sophisticated elemental analysis techniques to assist R&D, quality control, and process optimization efforts. Additionally, the use of elemental analysis in mining, forensic sciences, and geological exploration offers strong commercial opportunities. Also, the COVID-19 epidemic had a big effect on the market for elemental analysis. In the case of COVID-19 patients, the body contained abnormally high levels of trace elements, and the respiratory system was in danger of infection due to of the blood’s increased levels of heavy metals. For instance, according to the study report that was published by the American Journal of Analytical Chemistry in May 2021, the elemental analysis in COVID-19 patients was carried out using atomic absorption (AA) spectrophotometer. This analysis revealed that COVID-19 patients have abnormal levels of toxic elements (cadmium and nickel) compared to essential trace metals (zinc, iron, and copper) in the biological samples.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2030 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2030 |
| Historical period | 2019-2021 |
| Unit | Value (USD Billion) |
| Segmentation | By Type Of Element, By Technology, By Region. |
| By Type Of Element
 |
|
| By Technology
 |
|
| By Region
 |
|
Elemental Analysis Market Segment Analysis
The elemental analysis market is segmented based on the type of element and technology.
Organic, inorganic, and trace metal elements are only a few of the many elements that elemental analyzers can find. The quantitative and qualitative estimate of organic compounds, including carbon, hydrogen, nitrogen, and sulfur among others, is known as organic elemental analysis. Given that they are the most fundamental substances present in every sample, estimation of these substances in medications is uncommon.
Throughout the anticipated time, it’s estimated that the market for organic element estimation will continue to expand steadily. Numerous analytical techniques are used in inorganic elemental analysis to evaluate the inorganic and elemental composition of solids, liquids, aqueous solutions, chemical mixes, materials, or products. Cations, metals, anions, and inorganic salts are examples of inorganic components. They are also used to qualitatively and quantitatively estimate the presence of heavy metals and to look for catalyst traces in samples. Markets for organic and inorganic elements are divided based on the sorts of elements they contain. By type, inorganic elements had the biggest market share in 2020 and are projected to expand at the quickest rate throughout the projection period.
The market for elemental analysis can be divided into destructive and non-destructive technologies based on the type of technology being employed. In terms of technology, nondestructive technologies had the biggest proportion in 2022. Additionally, during the projected period, this sector is anticipated to increase at the fastest rate. The highest proportion of this segment is mostly attributable to the sample’s retention, high accuracy, and technological developments.
Elemental Analysis Market Player
The elemental analysis market key players include Thermo Fisher Scientific, Inc., Perkinelmer, Inc., Agilent Technologies, Inc., Bruker Corporation, Ametek, Inc., Horiba, Ltd, Rigaku Corporation, Shimadzu Corporation, Analytik Jena AG, Elementar Group.
Latest News:
March 29, 2023: Thermo Fisher Scientific, the world leader in serving science, and Arsenal Biosciences, Inc. (ArsenalBio), a clinical-stage cell therapy company engineering advanced chimeric antigen receptor (CAR)-T cell therapies for solid tumors, today announced an update to our strategic collaboration to further the development of manufacturing processes for new cancer treatments.
March 7, 2023: Thermo Fisher Scientific was provided proteomics and biopharmaceutical research laboratories with a new line of low-flow HPLC columns that improve separation performance and stability of biologically complex samples.
Elemental Analysis Market Regional Analysis
The elemental analysis market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
In 2023, North America held a 41% sales share, dominating the market. The USP guidelines and limits for elements in pharmaceutical compounds, the expansion of elemental analysis applications in healthcare, upcoming regulations requiring elemental analysis of finished medical products, and increased research into the creation of technologically advanced elemental analyzers are some of the major drivers of North America’s market share. While the CAGR for growth in Asia Pacific is anticipated to be the fastest during the forecast period. The market is anticipated to grow during the forecast period due to factors such as rising awareness about the safety of pharmaceuticals, an increase in conferences and meetings in Asia Pacific, and an increase in the interest of manufacturers of key elemental analysis products to establish subsidiaries in the region. As a result, North America dominates the elemental analysis market.
Key Market Segments: Elemental Analysis Market
Elemental Analysis Market by Type of Element, 2020-2030, (USD Billion)
- Organic
- Inorganic
Elemental Analysis Market by Technology, 2020-2030, (USD Billion)
- Destructive Technologies
- Non Destructive Technologies
Elemental Analysis Market by Region, 2020-2030, (USD Billion)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Who Should Buy? Or Key Stakeholders
- Elemental Analysis Equipment Manufacturers.
- Research Institutions and Laboratories
- Pharmaceutical and Biotechnology Companies
- Environmental Testing Agencies
- Petrochemical and Oil & Gas Companies
- Food and Beverage Industry
- Mining and Geological Exploration Companies
- Forensic Laboratories
- Regulatory Authorities
- Others
Key Question Answered
- What is the expected growth rate of the elemental analysis market over the next 7 years?
- Who are the major players in the elemental analysis market and what is their market share?
- What are the end-user industries driving demand for the market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the elemental analysis market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the elemental analysis market?
- What is the current and forecasted size and growth rate of the global elemental analysis market?
- What are the key drivers of growth in the elemental analysis market?
- What are the distribution channels and supply chain dynamics in the elemental analysis market?
- What are the technological advancements and innovations in the elemental analysis market and their impact on material development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the elemental analysis market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the elemental analysis market?
- What are the service offerings and specifications of leading players in the market?
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL VETERINARY IMAGING MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON ELEMENTAL ANALYSIS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL VETERINARY IMAGING MARKET OUTLOOK
- GLOBAL ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT, 2020-2030, (USD BILLION)
- ORGANIC
- INORGANIC
- GLOBAL ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY, 2020-2030, (USD BILLION)
- DESTRUCTIVE TECHNOLOGIES
- NON-DESTRUCTIVE TECHNOLOGIES
- GLOBAL ELEMENTAL ANALYSIS MARKET BY REGION, 2020-2030, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- THERMO FISHER SCIENTIFIC, INC.
- PERKINELMER, INC.
- AGILENT TECHNOLOGIES, INC.
- BRUKER CORPORATION
- AMETEK, INC.
- HORIBA, LTD
- RIGAKU CORPORATION
- SHIMADZU CORPORATION
- ANALYTIK JENA AG
- ELEMENTAR GROUP*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLION), 2020-2030
TABLE 2Â Â Â Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 3Â Â Â Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY REGION (USD BILLIONS), 2020-2030
TABLE 4Â Â Â Â Â Â Â NORTH AMERICA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 5Â Â Â Â Â Â Â NORTH AMERICA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 6Â Â Â Â Â Â Â NORTH AMERICA ELEMENTAL ANALYSIS MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 7Â Â Â Â Â Â Â US ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 8Â Â Â Â Â Â Â US ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 9Â Â Â Â Â Â Â CANADA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (BILLIONS), 2020-2030
TABLE 10Â Â Â Â Â CANADA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 11Â Â Â Â Â MEXICO ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 12Â Â Â Â Â MEXICO ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 13Â Â Â Â Â SOUTH AMERICA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 14Â Â Â Â Â SOUTH AMERICA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 15Â Â Â Â Â SOUTH AMERICA ELEMENTAL ANALYSIS MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 16Â Â Â Â Â BRAZIL ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 17Â Â Â Â Â BRAZIL ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 18Â Â Â Â Â ARGENTINA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 19Â Â Â Â Â ARGENTINA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 20Â Â Â Â Â REST OF SOUTH AMERICA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 21Â Â Â Â Â REST OF SOUTH AMERICA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 22Â Â Â Â Â ASIA -PACIFIC ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 23Â Â Â Â Â ASIA -PACIFIC ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 24Â Â Â Â Â ASIA -PACIFIC ELEMENTAL ANALYSIS MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 25Â Â Â Â Â INDIA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 26Â Â Â Â Â INDIA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 27Â Â Â Â Â CHINA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 28Â Â Â Â Â CHINA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 29Â Â Â Â Â JAPAN ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 30Â Â Â Â Â JAPAN ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 31Â Â Â Â Â SOUTH KOREA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 32Â Â Â Â Â SOUTH KOREA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 33Â Â Â Â Â AUSTRALIA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 34Â Â Â Â Â AUSTRALIA HYBRID FUNCTIONBY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 35Â Â Â Â Â AUSTRALIA ELEMENTAL ANALYSIS MARKET BY FUNCTION (USD BILLIONS), 2020-2030
TABLE 36Â Â Â Â Â AUSTRALIA ELEMENTAL ANALYSIS MARKET BY ORGANIZATION SIZE (USD BILLION), 2020-2030
TABLE 37Â Â Â Â Â REST OF ASIA PACIFIC ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 38Â Â Â Â Â REST OF ASIA PACIFIC HYBRID FUNCTIONBY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 39Â Â Â Â Â EUROPE ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 40Â Â Â Â Â EUROPE ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 41Â Â Â Â Â EUROPE ELEMENTAL ANALYSIS MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 42Â Â Â Â Â GERMANY ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 43Â Â Â Â Â GERMANY ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 44Â Â Â Â Â UK ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 45Â Â Â Â Â UK ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 46Â Â Â Â Â FRANCE ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 47Â Â Â Â Â FRANCE ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 48Â Â Â Â Â ITALY ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 49Â Â Â Â Â ITALY ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 50Â Â Â Â Â SPAIN ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 51Â Â Â Â Â SPAIN ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 52Â Â Â Â Â REST OF EUROPE ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 53Â Â Â Â Â REST OF EUROPE ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 54Â Â Â Â Â MIDDLE EAST AND AFRICA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 55Â Â Â Â Â MIDDLE EAST AND AFRICA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 56Â Â Â Â Â MIDDLE EAST AND AFRICA ELEMENTAL ANALYSIS MARKET BY COUNTRY (USD BILLION), 2020-2030
TABLE 57Â Â Â Â Â UAE ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 58Â Â Â Â Â UAE ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 59Â Â Â Â Â SOUTH AFRICA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 60Â Â Â Â Â SOUTH AFRICA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
TABLE 61Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT (USD BILLIONS), 2020-2030
TABLE 62Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY (USD BILLION), 2020-2030
LIST OF FIGURESÂ Â Â Â Â Â Â Â Â Â Â Â Â
FIGURE 1Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT, USD BILLION, 2020-2030
FIGURE 9Â Â Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY, USD BILLION, 2020-2030
FIGURE 10Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY REGION, USD BILLION, 2020-2030
FIGURE 11    PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY TYPE OF ELEMENT, USD BILLION, 2022
FIGURE 13Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY TECHNOLOGY, USD BILLION, 2022
FIGURE 14Â Â Â Â GLOBAL ELEMENTAL ANALYSIS MARKET BY REGION, USD BILLION, 2022
FIGURE 15Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â THERMO FISHER SCIENTIFIC, INC.: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â PERKINELMER, INC.: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â AGILENT TECHNOLOGIES, INC.: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â BRUKER CORPORATION: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â AMETEK, INC.: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â HORIBA, LTD: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â RIGAKU CORPORATION: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â SHIMADZU CORPORATION: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â ANALYTIK JENA AG: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â ELEMENTAR GROUP: COMPANY SNAPSHOT
FAQ
The elemental analysis market is expected to grow at 6.3 % CAGR from 2023 to 2030. It is expected to reach above USD 2.82 billion by 2030 from USD 1.84 billion in 2023.
North America held more than 41 % of the elemental analysis market revenue share in 2021 and will witness expansion in the forecast period.
Major market drivers include new international GMP and GDP certification called “EXCiPACT” for pharmaceutical excipients in North America and Europe, rising food safety concerns, rising life science R&D spending, expanding use of X-ray fluorescence in medical research, and growing use of Atomic Absorption Spectroscopy (AAS) to support the drug safety process. Due to these developments, inductively coupled plasma spectrometry (ICP), inductively coupled plasma mass spectrometry (ICP-MS), and atomic absorption spectrometry (AAS) have all been developed.
Organic, inorganic, and trace metal elements are only a few of the many elements that elemental analyzers can find. They are also used to qualitatively and quantitatively estimate the presence of heavy metals and to look for catalyst traces in samples. Markets for organic and inorganic elements are divided based on the sorts of elements they contain. By type, inorganic elements had the biggest market share in 2020 and are projected to expand at the quickest rate throughout the projection period.
In 2022 North America held a 41% sales share, dominating the market. The USP guidelines and limits for elements in pharmaceutical compounds, the expansion of elemental analysis applications in healthcare, upcoming regulations requiring elemental analysis of finished medical products, and increased research into the creation of technologically advanced elemental analyzers are some of the major drivers of North America’s market share.
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