Absorption Spectrometers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022-2027

Report Code: ESR 0463 Report Format: PDF + Excel

Absorption Spectrometers Market Report Overview

Absorption Spectrometers Market size is analyzed to grow at a CAGR of 5% during the forecast 2022-2027 to reach $1.95 billion by 2027. Absorption spectroscopy is an analytical technique for determining the concentration of an element by measuring the amount of light absorbed (at a certain wavelength) as it passes through a sample. Absorption spectroscopy is used for quality assurance in a variety of industries, including food and beverage, pharmaceutical, biotechnology, clinical diagnostics, and environmental monitoring. The approach is also used in atomic and molecular physics research, astronomical spectroscopy, and remote sensing. Absorption spectrometers are absorption measurement equipment that can determine the concentration of numerous elements in a given sample solution. A xenon arc lamp is utilized due to its consistent intensity over the wavelength range of 200 to 800 nm, which covers the UV/vis absorption of flavins. The solid-state detector is also highly efficient at both low UV and longer wavelengths. In the electrothermal atomization atomic absorption spectrometric method, the quality of the pyrolytic coating of graphite tubes is essential. Based on the Zeeman-effect, a new approach of background correction in atomic absorption spectroscopy has just been introduced. The global absorption spectrometers market is expanding rapidly as a result of the rising biopharmaceuticals, biotechnology, and food & beverage sectors. High investment in R&D by life science companies, extensive academic and industry collaborations, increased governmental funding, innovation in atomizers technology, advancements in atomic spectroscopy, development of better-performing reagents, and an increase in acquisitions/partnerships among companies are some of the major diversifications of the absorption spectrometers market.

Report Coverage

The report: “Absorption Spectrometers Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Absorption Spectrometers industry.

By Technology: Atomic Absorption Spectrometers, X-Ray Diffraction Spectrometers, X-Ray Fluorescence Spectrometers, Inductively Coupled Plasma Spectrometers, Elemental Analyzers, and Others.
By Application: Pharmaceuticals, Biotechnology, Research, Food and beverage, and others.
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • The Atomic Absorption Spectrometers segment is expected to grow at the fastest CAGR of 6% during the forecast period. Atomic absorption spectrometry (AAS) is a technology that uses free gaseous atoms to absorb electromagnetic radiation at a given wavelength and create a quantifiable signal.
  • North America is expected to account for the largest market share of 35% in the Absorption Spectrometers market. Due to substantial research-related activities for the discovery and development of pharmaceuticals and biologics, as well as extensive financial assistance from governments, this industry is likely to grow even further.
  • The global absorption spectrometers market is expanding rapidly as a result of the rising biopharmaceuticals, biotechnology, and food & beverage sectors.
  • One of the key absorption spectrometers market trends that will positively impact market growth in the future years is technological advancements in absorption spectroscopy.

 Absorption Spectrometers Market, By Region, 2021


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Absorption Spectrometers Market Segment Analysis – By Technology

By Technology, Absorption Spectrometers Market has been segmented into Atomic Absorption Spectrometers, X-Ray Diffraction Spectrometers, X-Ray Fluorescence Spectrometers, Inductively Coupled Plasma Spectrometers, Elemental Analyzers, and Others. The Atomic Absorption Spectrometers segment is expected to grow at the fastest CAGR of 6% during the forecast period. Atomic absorption spectrometry (AAS) is a technology that uses free gaseous atoms to absorb electromagnetic radiation at a given wavelength and create a quantifiable signal. The absorption signal varies with the concentration of free atoms in the optical path. An atomic absorption spectrometer is a method of quantitative analysis in which a certain wavelength of light absorbed by atoms in their neutral state is detected or recorded. The strength of absorption increases with the number of atoms, and vice versa. Because it is primarily used for metal analysis, it is also known as a metal analysis spectrometer. It has numerous uses in the study of trace metals in soils, lakes, rivers, seas, and drinking water, pharmaceuticals, foods and beverages, geological and mineralogical materials, petroleum products, biological fluids and specimens, and forensic investigation. When we use graphite furnace atomization, we commonly acquire results at ppm levels and a higher sensitivity of ppb levels. In October 2020, Rigaku Corporation announced its participation in the 27th international trade expo for analysis and biotechnology via analytical virtual, showcasing the most recent innovations. The Rigaku Supermini200 analyzer, an X-ray fluorescence spectrometer for elemental analysis of oxygen (O) through uranium (U) in solids, liquids, and powders, is also among the new technologies.

Absorption Spectrometers Market Segment Analysis – By Application

By Application, Absorption Spectrometers Market has been segmented into Pharmaceuticals, Biotechnology, Research, Food and beverage, and others. During the forecast period, the pharmaceutical industry segment is expected to grow at the fastest CAGR of 7.2% in the global atomic absorption spectrometer market. Absorption spectroscopy is a useful analytical chemistry tool in pharmaceutical analysis. Absorption spectroscopy is defined by the United States Pharmacopeia (USP) as "the measurement of an interaction between electromagnetic radiation and the molecules, or atoms, of a chemical substance." USP has set standards and recommendations that must be followed by the pharmaceutical sector to ensure the safety, purity, and efficacy of substances being produced. To comply with these criteria, laboratories must strictly adhere to USP Reference Standards when performing absorption spectroscopy. In terms of quality control, absorption spectroscopy aids in the detection of chemical elements within a sample. Instruments having data-transfer capabilities enable traceable reporting that is in accordance with Good Manufacturing Practices (GMP). In pharmacology labs, two absorption spectroscopy techniques are commonly used, Fourier Transformation Infrared (FTIR) and UV/Visible Spectroscopy. In some pharmaceutical production procedures, trace amounts of a catalyst employed in the process (typically a metal) can be found in the finished product. The amount of catalyst present can be assessed by Absorption Spectrometry. In September 2020, MAP Sciences, a UK diagnostics firm, announced the development of a quick test for the COVID-19 virus. This method uses mass spectrometry to identify proteins that are specific to COVID-19 and aims to offer test results in 30 minutes. These improvements are projected to fuel the growth of the market.

Absorption Spectrometers Market Share Segment Analysis - Geography

By Geography, Absorption Spectrometers Market has been segmented into North America, Europe, APAC, South America, and RoW. During the projected period, North America is expected to account for the largest market share of 35% in the Absorption Spectrometers market. Due to substantial research-related activities for the discovery and development of pharmaceuticals and biologics, as well as extensive financial assistance from governments, this industry is likely to grow even further. Support for drug safety and medical research courses, as well as global CGMP & amp; CGDP certification of drug excipients, are major drivers driving the growth of the atomic spectroscopy market. Furthermore, rising interest in food safety and widespread usage of X-rays contribute to the market's overall growth. Government investments in nuclear spectroscopy technology are increasing, which is likely to create profitable market prospects.

Absorption Spectrometers Market Drivers

The global absorption spectrometers market is expanding rapidly as a result of the rising biopharmaceuticals, biotechnology, and food & beverage sectors:

The global absorption spectrometers market is expanding rapidly as a result of the rising biopharmaceuticals, biotechnology, and food & beverage sectors. High investment in R&D by life science companies, extensive academic and industry collaborations, increased governmental funding, innovation in atomizers technology, advancements in atomic spectroscopy, development of better-performing reagents, and an increase in acquisitions/partnerships among companies are some of the major diversifications of the absorption spectrometers market. Furthermore, factors such as rising demand for atomic absorption spectroscopy and increasing use of fluorescence spectrometers in antibody purification and medication evaluation are propelling this market forward. End-users are increasingly using absorption spectrometers to analyze the elemental and isotopic composition of samples, which is projected to drive market expansion. One of the primary factors driving the growth of the atomic spectroscopy market is the increase in demand for the product to aid in the medication safety procedure and medical research. The implementation of severe rules associated with the medication safety process is driving the demand for atomic absorption, and the increased use of X-Ray fluorescence in medical research is accelerating the growth of the atomic spectroscopy market. The advent of international CGMP & CGDP certification for pharmaceutical excipients, as well as an increase in government funding in atomic spectroscopy technology, all have an impact on the atomic spectroscopy market. Furthermore, the ageing population, improved healthcare infrastructure, rising food safety concerns, and an increase in healthcare expenditure all have a favourable impact on the atomic spectroscopy industry. In September 2020, MAP Sciences, a UK diagnostics firm, announced the development of a quick test for the COVID-19 virus. This method uses mass spectrometry to identify proteins that are specific to COVID-19 and aims to offer test results in 30 minutes. These improvements are projected to fuel the growth of the market.

One of the key absorption spectrometers market trends that will positively impact market growth in the future years is technological advancements in absorption spectroscopy will drive market growth:

One of the key absorption spectrometers market trends that will positively impact market growth in the future years is technological advancements in absorption spectroscopy. Electrothermal atomization (ETA) atomic absorption spectrometry is becoming more popular because it provides a high-sensitivity quantitative analysis of a wide range of metal materials. Other technological developments include dual-beam optics for increased performance, integrated hardware safety features, and gas controls controlled by an autonomous mass flow controller. With the advancement of technology, there is an increasing demand for absorption spectrometers. Technological advancements in absorption spectroscopy are affecting market growth, as electrothermal atomization (ETA) atomic absorption is gaining popularity as a technique that provides a high-sensitivity quantitative examination of a wide range of metal samples. For example, Thermo Fisher Scientific's iCE 3300 atomic absorption spectrometer includes integrated hardware safety measures and automatic mass flow controller (MFC) gas controls to assure accurate analysis while allowing for simple and minimal instrument maintenance. The increased usage of the instrument for determining and analysing various chemicals and compounds by evaluating the composition of their constituents is driving the global absorption spectrometers market.

Absorption Spectrometers Market Challenges

Absorption spectrometers are expensive instruments due to the high cost of components required to manufacture them, making them unaffordable for end-users in a variety of industries, which may limit the market growth. 

Absorption spectrometers are expensive instruments due to the high cost of components required to manufacture them, making them unaffordable for end-users in a variety of industries, which may limit the market growth. Spectrometry instruments are expensive because they include extensive features and functionality. Aside from the expense of the system hardware, the cost of conforming the system to industry standards is also very significant. The need for spectrometers has increased over time as a result of technological improvements and better operational efficiencies. However, technical advancements have driven up system costs. Moreover, Other advanced analytical techniques, such as mass spectrometers and UV-VIS reflectometers, are a major impediment to the global expansion of the absorption spectroscopes market. This is expected to hamper market growth.

Absorption Spectrometers Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Absorption Spectrometers market. In 2021, the market of Absorption Spectrometers Market share has been fragmented by several companies. Absorption Spectrometers top 10 companies include

  1. Dshing Instrument Co.Ltd.
  2. Spectrolab Systems
  3. Avantes
  4. Thermo Fisher Scientific
  5. Analytik Jena
  6. PerkinElmer
  7. Shimadzu
  8. Aurora Instruments
  9. Skyray Instrument Inc
  10. Beijing Beifen-Ruili Analytical Instrument

Recent Developments

  • In October 2020, Shimadzu expanded its operation by establishing its branch office in Copenhagen, Denmark. This expansion focuses on providing its full range of analytical instrumentation solutions in the region in Absorption Spectrometry.
  • In September 2019, Agilent Technologies partnered with MOBILion Systems for ion mobility separation technology on its Q-TOF mass spectrometers.
  • In March 2019, ThermoFisher acquired HighChem, a developer of spectrometry software that will enhance the company’s existing spectrometry software portfolio. 

Relevant Report Titles:

Spectrophotometers Market
Report Code: HCR 0382

Molecular Spectroscopy Market
Report Code: HCR 0319

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1. Absorption Spectrometers Market Overview
    1.1 Definitions and Scope
2. Absorption Spectrometers Market   - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Product Type
    2.3 Key trends segmented by Geography
3. Absorption Spectrometers Market – Market Landscape
        3.1 Comparative Analysis
            3.1.1 Product/Company Benchmarking-Top 5 Companies
            3.1.2 Top 5 Financial Analysis
            3.1.3 Market Value Split by Top 5 Companies
            3.1.4 Patent Analysis
            3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Absorption Spectrometers Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Absorption Spectrometers Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Absorption Spectrometers Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Text Box: 05Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Absorption Spectrometers Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Text Box: 06Suppliers and Distributors
8. Absorption Spectrometers Market – By Technology (Market Size -$Million/Billion)
    8.1 Atomic Absorption Spectrometers
    8.2 X-Ray Diffraction Spectrometers
    8.3 X-Ray Fluorescence Spectrometers
    8.4 Inductively Coupled Plasma Spectrometers
    8.5 Elemental Analyzers
    8.6 Others
9. Absorption Spectrometers Market – By Application (Market Size -$Million/Billion)
    9.1 Pharmaceuticals
    9.2 Biotechnology
    9.3 Research
    9.4 Food and beverage
    9.5 Others
10. Absorption Spectrometers Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Chile
        10.2.4 Colombia
        10.2.5 Others
    10.3 Europe
        10.3.1 Germany
        10.3.2 France
        10.3.3 UK
        10.3.4 Italy
        10.3.5 Spain
        10.3.6 Russia
        10.3.7 Netherlands
        10.3.8 Others
    10.4 APAC
        10.4.1 China
        10.4.2 Japan
        10.4.3 South Korea
        10.4.4 India
        10.4.5 Australia
        10.4.6 Indonesia
        10.4.7 Text Box: 07Malaysia
        10.4.8 Others
    10.5 RoW
        10.5.1 Middle East
        10.5.2 Africa
11. Absorption Spectrometers Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Absorption Spectrometers Market – Industry Competition Landscape (Premium)
    12.1 Market Share Global
    12.2 Market Share by Region
    12.3 Market Share By Product Type
13. Absorption Spectrometers Market – Key Company List by Country Premium (Premium)
14. Absorption Spectrometers Market - Company Analysis
    14.1 Avantes
    14.2 Thermo
    14.3 Analytik
    14.4 Shimadzu
    14.5 Perkin
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10Company 10
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