The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The atomic spectroscopy market is projected to advance from $6.84 billion in 2022 to $7.38 billion in 2023, representing a 7.8% CAGR. Further growth is expected, with the market anticipated to reach $9.8 billion in 2027, driven by a 7.4% CAGR.

North America held the largest atomic spectroscopy market share, and Asia-Pacific was the fastest-growing region in 2022.

Atomic Spectroscopy Market Driver
Anticipated growth in the atomic spectroscopy market is driven by increased novel drug development, involving pharmaceuticals not previously authorized for therapeutic purposes. Atomic spectroscopy plays a crucial role in determining elemental composition during drug development. For instance, the US Food and Drug Administration, a US-based health regulatory body, greenlit 53 novel drugs in 2020, an increase from the 48 approvals in 2019. Consequently, the market’s expansion is linked to rising novel drug development.

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Prominent Atomic Spectroscopy Market Trend
In the atomic spectroscopy market, a prominent trend is the advancement of products. Leading companies in this field are focusing on developing cutting-edge products to maintain their market presence. For example, in June 2022, Shimadzu Scientific Instruments Inc., a U.S.-based biotech firm, introduced the AA-7800 Series atomic absorption spectrophotometers. These spectrophotometers offer enhanced sensitivity, stability, and advanced safety features for secure and efficient flame analysis. They come with built-in safety features and double-beam optics to ensure reliable data collection. The series features the industry’s most compact dual atomizer system, making it easy to upgrade from a flame system. With a three-dimensional optical system and high-speed digital filter, the AA-7800 delivers outstanding performance, data stability, and sensitivity. Moreover, it offers automated gas flowrate optimization and user-friendly Wizard software for streamlined parameter configuration. Optional connection kits facilitate compliance with regulatory requirements.

Atomic Spectroscopy Market Prominent Players
Major players in the atomic spectroscopy market are Thermo Fisher Scientific Inc., Merck KGaA, GBC Scientific Equipment Pty Ltd., Avantor Inc., Lumex Instruments, Agilent Technologies Inc., AMETEK Inc., Hitachi High-Technologies Corporation, Buck Scientific Instruments LLC, Shimadzu Corporation, PerkinElmer Inc., Bruker Corporation, JEOL Ltd., Rigaku Corporation, Ocean Optics Inc., PG Instruments Limited, Analytik Jena AG, Teledyne Leeman Labs, SAFAS Corporation, A KRUSS Optronic GmbH, Aurora Biomed Inc., Beijing Titan Instruments Co. Ltd., Beijing Beifen-Ruili Analytical Instrument (Group) Co. Ltd., Wuxi Jiebo Instrument Technology Co. Ltd., and Varian Inc.

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Key Atomic Spectroscopy Market Segments
The global atomic spectroscopy market is segmented –
1) By Type: Instruments, Inductively Coupled Plasma (ICP) Spectrometer, Other Types
2) By Technology: Atomic Absorption Spectroscopy (AAS), X-ray Fluorescence (XRF), X-ray Diffraction (XRD), Inductively Coupled Plasma-Optical Emission Spectroscopy (ICP-OES), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS), Elemental Analyzers, Other Technologies
3) By Application: Food And Beverage Testing, Pharmaceutical, Industrial, Environmental Testing, Geological Sciences, Petrochemical, Academics, Other Applications
4) By Distribution Channel: Direct Tenders, Retail
5) By End-User: Laboratories, Universities, Manufacturing Facilities, Government Agencies

The Atomic Spectroscopy Global Market Report 2023  provides a comprehensive overview on the atomic spectroscopy market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the atomic spectroscopy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Process Spectroscopy Global Market Report 2023
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