The atomic spectroscopy market size has grown strongly in recent years. It will grow from $7.73 billion in 2024 to $8.26 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to environmental regulations, pharmaceutical industry growth, metals and mining exploration, food safety and quality control, and increased laboratory automation.
The atomic spectroscopy market size is expected to see strong growth in the next few years. It will grow to $11.65 billion in 2029 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to emerging markets adoption, nanotechnology applications, advancements in elemental imaging, increased exploration in the oil and gas industry, and precision agriculture applications. Major trends in the forecast period include a focus on drug safety and biotechnology, technological advancements, remote sensing and telemetry integration, multi-elemental analysis platforms, and collaborative industry partnerships.
The anticipated growth in the atomic spectroscopy market is expected to be propelled by the increasing development of new drugs. New drugs, which are pharmaceutical substances not previously approved or marketed for therapeutic use, utilize atomic spectroscopy in drug development to analyze the composition of elements. For instance, the US Food and Drug Administration, a health regulatory authority based in the US, approved 37 novel drugs, accounting for 68% of the total in the US. Consequently, the upward trend in new drug development is a significant driver for the growth of the atomic spectroscopy market.
The growing demand for oil and gas production is poised to drive the atomic spectroscopy market. Oil and gas production involves the conversion of crude oil and natural gas into finished petroleum products for consumer use. Atomic spectroscopy plays a crucial role in the oil and gas industry by providing accurate analytical data for exploration, production, refining, and environmental compliance. This aids in optimizing processes, ensuring product quality, and maintaining equipment integrity. For example, the US Energy Information Administration reported that crude oil output in the US reached 12.4 million b/d in 2023, up from 11.7 million b/d in 2022. Additionally, the average daily consumption of natural gas in the US was 86.6 billion cubic feet (Bcf/d) in September 2022, marking the highest annual consumption compared to the previous year. Hence, the increasing demand for oil and gas production is a driving force behind the growth of the atomic spectroscopy market.
Product innovation stands out as a prominent trend gaining momentum in the atomic spectroscopy market. Leading companies in the atomic spectroscopy sector are actively engaged in developing cutting-edge products to maintain their competitive positions. For instance, in June 2022, Shimadzu Scientific Instruments Inc., a biotechnology company based in the US, introduced the AA-7800 Series atomic absorption spectrophotometers. These spectrophotometers, renowned for their high sensitivity, stability, and advanced safety features, facilitate safe and efficient flame analysis. Equipped with built-in safety mechanisms and double-beam optics, they ensure reliable data acquisition. The series features the industry's most compact dual atomizer system, allowing for seamless upgrades from a flame system. The AA-7800, with its three-dimensional optical system and high-speed digital filter, delivers exceptional performance, data stability, and sensitivity. Additionally, it incorporates automated gas flowrate optimization and user-friendly Wizard software for efficient parameter setting. Optional connection kits are available for regulatory compliance.
Leading companies in the atomic spectroscopy market are concentrating on developing advanced solutions, such as atomic absorption (AA) spectrometers, to secure a competitive advantage. An atomic absorption (AA) spectrometer is an analytical tool used to measure the concentration of specific elements in a sample by analyzing the absorption of light - typically from a flame or graphite furnace - by free atoms in the sample. For example, in September 2024, Thermo Fisher Scientific Inc., a US-based life science and clinical research firm, launched the iCE 3300GF atomic absorption spectrometer. This model is designed for budget-conscious laboratories and features guaranteed deuterium background correction and automatic optical setup for enhanced sensitivity, reliability, and accuracy. Suitable for a variety of analytical applications in environmental, academic, clinical, and food safety laboratories, the iCE 3300GF excels in trace elemental analysis. Its integrated furnace autosampler streamlines standard preparation and intelligently dilutes over-range samples, while the Ebert optical system boosts productivity through automatic, unattended operation. Notably, it includes an innovative graphite furnace vision system (GFTV) that provides a real-time view inside the graphite cuvette, allowing users to observe sample deposition and drying, which enhances method development.
In April 2022, AnalytiChem Holding GmbH, a Germany-based life science company, completed the acquisition of Seignory Chemical Products Ltd. The strategic move expanded AnalytiChem's product portfolio, global footprint, and market reach in analytical chemistry and reference materials. Seignory Chemical Products Ltd., based in Canada, is a manufacturer specializing in analytical equipment for atomic spectroscopy, environmental analysis, and inorganic sample preparation.
Major companies operating in the atomic spectroscopy market include 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.
North America was the largest region in the atomic spectroscopy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the atomic spectroscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the atomic spectroscopy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Atomic spectroscopy, within analytical chemistry, explores the interaction of atoms with electromagnetic radiation, focusing on the determination of trace elements in drug products, active pharmaceutical ingredients (APIs), raw materials, and intermediates.
The primary categories of atomic spectroscopy encompass instruments, inductively coupled plasma (ICP) spectrometers, and others. Instruments denote the diverse tools and devices applied in scientific research, analysis, and measurement. Specifically tailored for the analysis of elemental composition through spectroscopic techniques, these instruments incorporate technologies such as 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, among others. These technologies find application in various sectors such as food and beverage testing, pharmaceuticals, industrial processes, environmental testing, geological sciences, petrochemicals, academics, and more. The distribution channels encompass direct tenders and retail channels, reaching end-users such as laboratories, universities, manufacturing facilities, and government agencies.
The atomic spectroscopy research report is one of a series of new reports that provides atomic spectroscopy market statistics, including the atomic spectroscopy industry's global market size, regional shares, competitors with atomic spectroscopy market share, detailed atomic spectroscopy market segments, market trends and opportunities, and any further data you may need to thrive in the atomic spectroscopy industry. This atomic spectroscopy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The atomic spectroscopy market consists of revenues earned by entities by providing services such as the determination of trace elements, assisting in drug safety procedures, and analysis of illicit drug powder samples. The market value includes the value of related goods sold by the service provider or included within the service offering. The atomic spectroscopy market also includes sales of atomic absorption spectrometers, atomic emission spectrometers, and atomic fluorescence spectrometers, which are used in providing atomic spectroscopy services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The atomic spectroscopy market size is expected to see strong growth in the next few years. It will grow to $11.65 billion in 2029 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to emerging markets adoption, nanotechnology applications, advancements in elemental imaging, increased exploration in the oil and gas industry, and precision agriculture applications. Major trends in the forecast period include a focus on drug safety and biotechnology, technological advancements, remote sensing and telemetry integration, multi-elemental analysis platforms, and collaborative industry partnerships.
The anticipated growth in the atomic spectroscopy market is expected to be propelled by the increasing development of new drugs. New drugs, which are pharmaceutical substances not previously approved or marketed for therapeutic use, utilize atomic spectroscopy in drug development to analyze the composition of elements. For instance, the US Food and Drug Administration, a health regulatory authority based in the US, approved 37 novel drugs, accounting for 68% of the total in the US. Consequently, the upward trend in new drug development is a significant driver for the growth of the atomic spectroscopy market.
The growing demand for oil and gas production is poised to drive the atomic spectroscopy market. Oil and gas production involves the conversion of crude oil and natural gas into finished petroleum products for consumer use. Atomic spectroscopy plays a crucial role in the oil and gas industry by providing accurate analytical data for exploration, production, refining, and environmental compliance. This aids in optimizing processes, ensuring product quality, and maintaining equipment integrity. For example, the US Energy Information Administration reported that crude oil output in the US reached 12.4 million b/d in 2023, up from 11.7 million b/d in 2022. Additionally, the average daily consumption of natural gas in the US was 86.6 billion cubic feet (Bcf/d) in September 2022, marking the highest annual consumption compared to the previous year. Hence, the increasing demand for oil and gas production is a driving force behind the growth of the atomic spectroscopy market.
Product innovation stands out as a prominent trend gaining momentum in the atomic spectroscopy market. Leading companies in the atomic spectroscopy sector are actively engaged in developing cutting-edge products to maintain their competitive positions. For instance, in June 2022, Shimadzu Scientific Instruments Inc., a biotechnology company based in the US, introduced the AA-7800 Series atomic absorption spectrophotometers. These spectrophotometers, renowned for their high sensitivity, stability, and advanced safety features, facilitate safe and efficient flame analysis. Equipped with built-in safety mechanisms and double-beam optics, they ensure reliable data acquisition. The series features the industry's most compact dual atomizer system, allowing for seamless upgrades from a flame system. The AA-7800, with its three-dimensional optical system and high-speed digital filter, delivers exceptional performance, data stability, and sensitivity. Additionally, it incorporates automated gas flowrate optimization and user-friendly Wizard software for efficient parameter setting. Optional connection kits are available for regulatory compliance.
Leading companies in the atomic spectroscopy market are concentrating on developing advanced solutions, such as atomic absorption (AA) spectrometers, to secure a competitive advantage. An atomic absorption (AA) spectrometer is an analytical tool used to measure the concentration of specific elements in a sample by analyzing the absorption of light - typically from a flame or graphite furnace - by free atoms in the sample. For example, in September 2024, Thermo Fisher Scientific Inc., a US-based life science and clinical research firm, launched the iCE 3300GF atomic absorption spectrometer. This model is designed for budget-conscious laboratories and features guaranteed deuterium background correction and automatic optical setup for enhanced sensitivity, reliability, and accuracy. Suitable for a variety of analytical applications in environmental, academic, clinical, and food safety laboratories, the iCE 3300GF excels in trace elemental analysis. Its integrated furnace autosampler streamlines standard preparation and intelligently dilutes over-range samples, while the Ebert optical system boosts productivity through automatic, unattended operation. Notably, it includes an innovative graphite furnace vision system (GFTV) that provides a real-time view inside the graphite cuvette, allowing users to observe sample deposition and drying, which enhances method development.
In April 2022, AnalytiChem Holding GmbH, a Germany-based life science company, completed the acquisition of Seignory Chemical Products Ltd. The strategic move expanded AnalytiChem's product portfolio, global footprint, and market reach in analytical chemistry and reference materials. Seignory Chemical Products Ltd., based in Canada, is a manufacturer specializing in analytical equipment for atomic spectroscopy, environmental analysis, and inorganic sample preparation.
Major companies operating in the atomic spectroscopy market include 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.
North America was the largest region in the atomic spectroscopy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the atomic spectroscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the atomic spectroscopy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Atomic spectroscopy, within analytical chemistry, explores the interaction of atoms with electromagnetic radiation, focusing on the determination of trace elements in drug products, active pharmaceutical ingredients (APIs), raw materials, and intermediates.
The primary categories of atomic spectroscopy encompass instruments, inductively coupled plasma (ICP) spectrometers, and others. Instruments denote the diverse tools and devices applied in scientific research, analysis, and measurement. Specifically tailored for the analysis of elemental composition through spectroscopic techniques, these instruments incorporate technologies such as 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, among others. These technologies find application in various sectors such as food and beverage testing, pharmaceuticals, industrial processes, environmental testing, geological sciences, petrochemicals, academics, and more. The distribution channels encompass direct tenders and retail channels, reaching end-users such as laboratories, universities, manufacturing facilities, and government agencies.
The atomic spectroscopy research report is one of a series of new reports that provides atomic spectroscopy market statistics, including the atomic spectroscopy industry's global market size, regional shares, competitors with atomic spectroscopy market share, detailed atomic spectroscopy market segments, market trends and opportunities, and any further data you may need to thrive in the atomic spectroscopy industry. This atomic spectroscopy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The atomic spectroscopy market consists of revenues earned by entities by providing services such as the determination of trace elements, assisting in drug safety procedures, and analysis of illicit drug powder samples. The market value includes the value of related goods sold by the service provider or included within the service offering. The atomic spectroscopy market also includes sales of atomic absorption spectrometers, atomic emission spectrometers, and atomic fluorescence spectrometers, which are used in providing atomic spectroscopy services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Atomic Spectroscopy Market Characteristics3. Atomic Spectroscopy Market Trends and Strategies4. Atomic Spectroscopy Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Atomic Spectroscopy Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Atomic Spectroscopy Market34. Recent Developments in the Atomic Spectroscopy Market
5. Global Atomic Spectroscopy Growth Analysis and Strategic Analysis Framework
6. Atomic Spectroscopy Market Segmentation
7. Atomic Spectroscopy Market Regional and Country Analysis
8. Asia-Pacific Atomic Spectroscopy Market
9. China Atomic Spectroscopy Market
10. India Atomic Spectroscopy Market
11. Japan Atomic Spectroscopy Market
12. Australia Atomic Spectroscopy Market
13. Indonesia Atomic Spectroscopy Market
14. South Korea Atomic Spectroscopy Market
15. Western Europe Atomic Spectroscopy Market
16. UK Atomic Spectroscopy Market
17. Germany Atomic Spectroscopy Market
18. France Atomic Spectroscopy Market
19. Italy Atomic Spectroscopy Market
20. Spain Atomic Spectroscopy Market
21. Eastern Europe Atomic Spectroscopy Market
22. Russia Atomic Spectroscopy Market
23. North America Atomic Spectroscopy Market
24. USA Atomic Spectroscopy Market
25. Canada Atomic Spectroscopy Market
26. South America Atomic Spectroscopy Market
27. Brazil Atomic Spectroscopy Market
28. Middle East Atomic Spectroscopy Market
29. Africa Atomic Spectroscopy Market
30. Atomic Spectroscopy Market Competitive Landscape and Company Profiles
31. Atomic Spectroscopy Market Other Major and Innovative Companies
35. Atomic Spectroscopy Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Atomic Spectroscopy Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on atomic spectroscopy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for atomic spectroscopy? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The atomic spectroscopy market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Instruments; Inductively Coupled Plasma (ICP) Spectrometer; Other Types2) 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
Subsegments:
1) By Instruments: Atomic Absorption Spectrometers (AAS); Flame Photometers; Atomic Emission Spectrometers (AES); Inductively Coupled Plasma (ICP) Spectrometer2) By Inductively Coupled Plasma (ICP) Spectrometer: ICP-AES (Atomic Emission Spectrometry); ICP-MS (Mass Spectrometry)
3) By Other Types: X-Ray Fluorescence (XRF) Spectrometers; Laser-Induced Breakdown Spectroscopy (LIBS)
Key Companies Mentioned: Thermo Fisher Scientific Inc.; Merck KGaA; GBC Scientific Equipment Pty Ltd.; Avantor Inc.; Lumex Instruments
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 8.26 Billion |
Forecasted Market Value ( USD | $ 11.65 Billion |
Compound Annual Growth Rate | 9.0% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |