The global elemental analytical segment garnered $1,183.9 million in 2018, which is expected to reach $1,729.8 million by the end of 2025. This mature market is likely to grow at 5.6% CAGR between 2018 and 2025.
The elemental analytical instrumentation market includes atomic absorption spectrometer, atomic/optical emission spectrometer, and inductively coupled plasma spectrometer.
Key end users included are pharmaceuticals, biotechnology and life sciences, government and academic research, institutions laboratories, environmental safety, agriculture research testing laboratories, chemical and petrochemical, metals and mining, transportation, and others.
Compared to the previous versions of elemental analytical instruments, there is greater demand for higher sample throughput, faster analysis by simultaneous multiple-element testing, higher sensitivity, lower detection limits, and higher linear dynamic range.
There has been a transition from atomic absorption spectrometers (AAS) to inductively coupled plasma mass spectrometry-optical emission spectrophotometers (ICP-OES) to inductively coupled plasma mass spectrometry (ICP-MS) market due to higher level of sensitivity.
Although the end users of this market are conservative and the adoption of Industrial Internet of Things (IIoT) is expected to be slow, they request automatic data processing, continuous data monitoring, and alerting through messages in case of emergency to reduce downtime.
Another frequent customer requirement is for instruments with multiple built-in functionalities. To reduce the training cost and time, it is important to ensure that these instruments are easy to operate. A reduction in training costs can translate into profits.
Growth prospects for environmental, pharma, and clinical labs in the United States and Europe drive the growth of this market. In APAC, the Indian sub-continent is a target market due to its high volume production of generic drugs that need quality and compliance tests.
ICP-MS is the most robust technique to overcome the challenges of high-matrix samples due to its low detection limits, excessive sensitivity, and wide dynamic range.
There has been a transition from AAS (FAA) technology to ICP-OES, as the latter is a simultaneous measuring system that increases productivity, apart from FAA requiring lamp alteration and stability at high temperatures.
Increasing population and manufacturing activities to cater to public demands has directly impacted the environment.
Increased awareness of public health and regulations are even more stringent in recent times with compliance becoming mandatory to pass a quality assessment.
Pollution from these activities can affect any areas of the environment, which include land, water, and air. The diversity in sample type has made testing processes more complex due to differences in methods of sample preparation and testing techniques.
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