Global Elemental Analysis Market is valued approximately USD 5.5 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.30 % over the forecast period 2019-2026.
Elemental analysis is a process where a sample of some material (e.g., soil, waste or drinking water, bodily fluids, minerals, chemical compounds) is analyzed for its elemental and sometimes isotopic composition. Elemental analysis can be qualitative (determining what elements are present), and it can be quantitative (determining how much of each are present). Elemental analysis falls within the ambit of analytical chemistry, the set of instruments involved in deciphering the chemical nature of our world.
Elemental analysis is a process of quantification and detection of elemental compounds, elements, and molecular species. Elemental analysis helps in qualitative and quantitative identifications of various elements in different application areas such as food & beverages, life sciences and geology, environment testing and petroleum. Further, increasing life science R&D spending and growing food safety concerns have led to the adoption of elemental analysis. For Instance: As per the Government of China in January 2018, China’s 13th five-year plan stipulates that biotechnology sector is expected to exceed around 4% of gross domestic product by 2020. Also, China has more than 100 life science parks and approx. $100 billion has already been invested by Chinese government to promote biotechnology and life sciences. Since research institutes across the globe are adopting elemental analysis products for ascertaining elemental concentrations in a variety of matrices. Institutes are increasingly collaborating with research labs, eventually leading to improvements in research activities in the fields including medicine, proteomics, and metabolomics. As a result, the demand and adoption of elemental analysis would increase. However, the high cost of elemental analyzers is beholding the confidence of users towards purchase of elemental analysis globally.
Global Elemental Analysis Market Size study, by Type (Organic Elemental Analysis and Inorganic Elemental Analysis), By Technology (Destructive Technologies and Non-destructive Technologies), By Application (Life Sciences, Environment Testing, Food & Beverage Testing, and Geology) and Regional Forecasts 2019-2026
The regional analysis of the global Elemental Analysis Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of many large pharmaceutical companies using elemental analysis products for different experimenting and testing functions. Whereas, Asia-Pacific is anticipated to emerge as the fastest-growing market region during the forecast period 2019-2026. Factors such as increasing R&D expenditure by the biotechnology and pharmaceutical companies for the development of new drugs would create lucrative growth prospects for the Elemental Analysis Market across Asia-Pacific region.
Major market player included in this report are:
- Agilent Technologies, Inc.
- Thermo Fisher Scientific, Inc.
- Perkinelmer, Inc.
- Ametek, Inc.
- Bruker Corporation
- Horiba, Ltd.
- Shimadzu Corporation
- Rigaku Corporation
- Elementar Group
- Analytik Jena AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Elemental Analysis Market By Type:
- Organic Elemental Analysis
- Inorganic Elemental Analysis
Elemental Analysis Market By Technology:
- Destructive Technologies
- Non-destructive Technologies
Elemental Analysis Market By Application:
- Life Sciences
- Environment Testing
- Food & Beverage Testing
Elemental Analysis Market By Region:
- North America
- Asia Pacific
- Latin America
- Rest of the World
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Furthermore, years considered for the study are as follows:
- Historical year – 2016-,2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Global Elemental Analysis Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers VARs
- Third-party knowledge providers
- Investment bankers
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