(PRWEB) May 20, 2014
The “Atomic Spectroscopy Market by Technology (X-Ray Fluorescence/Atomic Absorption/X-Ray Diffraction/ICP-MS) & by Application (Food & Beverage/Pharmaceutical/Industrial Chemistry/Biotechnology/Environment) - Competitive Landscape - Global Forecasts & Trends to 2018” analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World (RoW), along with the respective countries in these regions.
Browse 72 market data tables and 17 figures spread through 195 pages and in-depth TOC on “Atomic Spectroscopy Market” - http://www.marketsandmarkets.com/Market-Reports/atomic-spectroscopy-market-174401666.html.
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This report studies the global atomic spectroscopy market over the forecast period of 2013 to 2018. The market was valued at $4.02 billion in 2013 and is expected to reach $5.5 billion by 2018, growing at a CAGR of 6.4% from 2013 to 2018.
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The report categorizes the global atomic spectroscopy market on the basis of technology, applications, and geography. Based on technology, the market comprises Atomic Absorption, X-Ray Diffraction, X-Ray Fluorescence, Inductively Coupled Plasma Spectroscopy, Elemental Analyzers, and others. The application areas include pharmaceuticals, biotechnology, research, environmental testing, and food and beverage testing, among others.
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Various regulatory authorities across industries have enforced stringent safety regulations in order to ensure that the products launched in the market adhere to quality specifications. The use of atomic spectroscopy technologies facilitates the compliance with these regulations by enabling the measurement and monitoring of the level of metals in samples. This acts as a major driver for atomic spectroscopy technologies. Furthermore, pharmaceutical industries are increasingly relying on atomic spectroscopy technologies for drug safety. This is a major factor for the growth of the atomic spectroscopy market.
North America is expected to maintain its leadership position in the market in the coming years, followed by Europe. The North American market growth is likely to be driven by factors such as the increasing number of atomic spectroscopy conferences, symposia, and seminars, coupled with a favorable funding scenario in this region. However, the Asian market is slated to grow at the highest CAGR in the forecast period.
Agilent Technologies (U.S), Analytik Jena AG (Germany), Aurora Biomed (Canada), Bruker Corporation (U.S.), GBC Scientific Equipment Pty Ltd. (Australia), Hitachi High-Technologies Corporation (Japan), PerkinElmer, Inc. (U.S.), Rigaku Corporation (Japan), Shimadzu Corporation (Japan), and Thermo Fisher Scientific (U.S.) are some of the prominent players in the global atomic spectroscopy market.
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