Medical Newswire

Medical Newswire!

Medicine, Healthcare, Medical Research, Hospitals, Management
Press release distribution service
Home | Medical-Newswire.Com:

Trace Metal Analysis Market Worth $6.9 billion: Industry-Specific Challenges, Opportunities and Trends Affecting the Growth

 



(Medical-NewsWire.com, December 04, 2021 ) This report aims to provide detailed insights into the global Trace Metal Analysis market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

Don't miss out on business opportunities in Trace Metal Analysis Market

Revenue Growth Analysis:

The Trace Metal Analysis Market is projected to reach USD 6.9 billion by 2024 from an estimated USD 4.4 billion in 2019, at a CAGR of 9.5%.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83951074

Key Factors Driving Market Growth:

The major factors driving the growth of this market include the stringent safety and quality regulations and new international cGMP & cGDP certification for pharmaceutical excipients, increasing spending on life science R&D, advancements in technologies, growing preference to outsource analytical requirements to third-party service providers, increasing demand from applied markets, rising opportunities in emerging countries, and the need to comply with revised USP guidelines.

By technology, the ICP-MS segment accounted for the largest share of the trace metal analysis services market

Based on technology, the services market is divided into AAS, ICP-MS, optical emission spectroscopy, FTIR, XRF, and other technologies. The ICP-MS segment accounted for the largest market share in 2018. The increasing demand for the analysis of a diverse range of sample matrices; growing focus on the identification of low-level contaminants in chemical products; increased stringency of quality assessment and testing in the beverages, foods, cosmetics, and pharmaceutical industries; and the growing demand for metal speciation are the key factors driving the growth of the ICP-MS segment.

X-ray fluorescence spectroscopy (XRF) segment to witness the highest growth in the trace metal analysis instrument market, by technology

Based on technology, the trace metal analysis instrument market is segmented into atomic absorption spectroscopy (AAS), inductively coupled plasma mass spectroscopy (ICP-MS), optical emission spectroscopy (OES), Fourier transform infrared spectroscopy (FTIR), X-ray fluorescence spectroscopy (XRF), and other technologies. The XRF segment accounted for the largest share of the trace metal analysis instrument market in 2018. The large share of this segment can be attributed to the increasing demand for advanced XRF applications in applied markets; advantages of XRF such as high-speed, accuracy, and high-resolution analysis; and the high demand for XRF in emerging countries.

North America, the largest regional market for trace metal analysis

North America accounted for the largest share of the trace metal analysis market in 2018, followed by Europe and the Asia Pacific. Factors such as the presence of a well-established pharmaceutical industry in the region, high R&D expenditure and growing focus on trace metal analysis in applied markets, implementation of stringent regulatory guidelines by ICH for pharmaceutical ingredients, and the presence of a large number of service providers and instrument manufacturers in the region are primarily factors driving the growth of the trace metal analysis industry in North America.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=83951074

Prominent players in the trace metal analysis market are Thermo Fisher Scientific (US), Agilent Technologies (US), PerkinElmer, Inc. (US), Analytik Jena AG (Germany), Bruker Corporation (US), Hitachi Hi-Technologies Corporation (Japan), Rigaku Corporation (Japan), Shimadzu Corporation (Japan), Eurofins Scientific (Luxembourg), Intertek Group PLC (US), SGS S.A. (Switzerland), Bureau Veritas S.A. (France), TÜV SÜD (Germany), and LGC Ltd. (UK).

Agilent Technologies is the leading player in the trace metal analysis market. The company’s leading position in this market is attributed to its wide geographic presence across regions of North America, Europe, the Middle East & Africa, and the Asia Pacific. The company mainly focuses on product launches, agreements, and collaborations in order to maintain its leading position in the market.


MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


Medical Resources
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Healthcare resource center today to browse our selection of 600+ complimentary Healthcare magazines, white papers, webinars, podcasts, and more. Get popular titles including:

Eyecare Business
Medical Laboratory Observer
FierceHealthcare

No credit cards, coupons, or promo codes required. Try it today!

Medical Sponsors

Health News


Pharmanewswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com. CityRegions.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2012 GroupWeb Media LLC. All Rights Reserved.


GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
Medical-Newswire.com - Medicl Newswire and Press Release service of GroupWeb Media LLC