The global elemental analysis market is expected to reach USD 2.02 billion
by 2025, growing at a CAGR of 6.2%, according to a new report by Grand View
Research, Inc. The market is primarily driven by amendments in the ICH
(International Council for Harmonisation of Technical Requirements for Registration
of Pharmaceuticals for Human Use) regulations that mandate use of elemental
analysis for finished medical products, including pharmaceuticals.
Many manufacturers of elemental analyzers
invest in R&D of new and technologically advanced products. In addition to
their expenses for R&D, many key players launched new products in the
market in the past 3 years. For instance, in May 2016, Agilent Technologies
launched Agilent 5110 ICP-OES, which was designed to enable scientists perform
fast and precise elemental analysis of pharmaceuticals and food products along
with mining, industrial, and environmental analysis.
In addition, in many countries, the limit
of heavy metals/trace elements is regulated by their respective pharmacopeias.
For instance, United States, Japanese, and European pharmacopeias limit the
amount of trace elements in finished pharmaceutical products. Furthermore,
elemental analysis is a crucial step before commercial launch of a medical
product in the market.
North America held the largest market share
in 2016. Local presence of large number of manufacturers, regulation of limits
of trace elements/heavy metals by United States Pharmacopeia (USP), and ongoing
research for development of new products are major factors responsible for the
largest share held by this region. However, Asia Pacific is likely to grow at
the highest rate between 2017 and 2025. Rise in interest of market players to
expand their business in Asia Pacific, growing awareness on safety of
pharmaceuticals, and increase in expenditure by local pharmaceutical companies
on elemental analyzers are factors that can be attributed for the highest
growth rate of Asia Pacific region during the forecast period.
Full Research Report On Elemental
Analysis Market Analysis:
www.grandviewresearch.com/industry-analysis/elemental-analysis-market
www.grandviewresearch.com/industry-analysis/elemental-analysis-market
Further Key Findings From the Report Suggest:
·
The inorganic elements segment held the
largest revenue share in 2016 due upcoming mandates for elemental analysis in
medical products
·
Nondestructive technologies held the
largest revenue share of the market, by technology, in 2016. Retention of
sample after analysis and high precision rate can be the key factors for
largest share of this segment
·
North America dominated the global market
due to presence of USP regulations that limit the amount of heavy metals/trace
elements
·
Some of the key players arePerkinElmer, Inc.; Thermo Fisher
Scientific, Inc.; Agilent Technologies, Inc.; Shimadzu Corporation; and
Analytik Jena AG; among others
·
Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research, Inc. has segmented the elemental analysis market on
the basis of type of elements analyzed, technologies used, and region:
Elemental Analysis Type of Elements Outlook
(Revenue, USD Million, 2014 - 2025)
·
Organic Elements
·
Inorganic Elements
Elemental Analysis Technology Outlook
(Revenue, USD Million, 2014 - 2025)
·
Destructive Technologies
o
ICP-MS
o
ICP-OES
o
Combustion Analysis
o
Other destructive technologies
·
Nondestructive Technologies
o
XRF
o
FTIR
o
Other nondestructive technologies
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-elemental-analysis-market
www.grandviewresearch.com/press-release/global-elemental-analysis-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
