Atomic Spectroscopy Market: 6% CAGR Forecast to 2020 Propelled by Technological Advancements

28 Jan, 2016, 03:00 ET from RnR Market Research

PUNE, India, January 28, 2016 /PRNewswire/ --

The atomic spectroscopy market is projected to hit USD 5.60 Billion by 2020, reaching there at a CAGR of 6.0% during 2015 to 2020. The growth of the overall market can be contributed to rising investments, funds, and grants by government bodies' worldwide and technological advancements. In addition, growing food safety concerns and stringent regulations have contributed to market growth.

Complete report on atomic spectroscopy market spread across 147 pages, profiling 10 companies and supported with 78 tables and 29 figures is now available at http://www.rnrmarketresearch.com/atomic-spectroscopy-market-by-technology-x-ray-fluorescence-atomic-absorption-x-ray-diffraction-icp-ms-by-application-food-beverage-pharmaceutical-industrial-chemistry-biotechnol-market-report.html .

Over the years, the atomic spectroscopy market, has witnessed various technological advancements. These advancements have led to a growth in the number of atomic spectroscopy applications. Some of the applications using atomic spectroscopy are drug discovery and development, metabolomics, and diagnostics. However, the high cost of instruments and the lack of skilled professionals to operate these highly sophisticated systems are factors that are hindering the market.

In 2015, the atomic absorption spectroscopy segment is expected to account for the largest share of the global atomic spectroscopy market, by technology, while the food & beverage testing segment is expected to account for the largest share of the atomic spectroscopy market, by application.

In 2015, North America is expected to account for the largest share of the global atomic spectroscopy market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the atomic spectroscopy market is expected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan. The high growth in these regions can be attributed to the increased involvement of their respective governments, increased funding scenario, and collaborations with established market players.

The global atomic spectroscopy market witnesses high competitive intensity as there are many big and small firms with similar product offerings. These companies adopt various strategies (collaborations, acquisitions, new product launches and geographic expansions) to increase their market shares and to establish a strong foothold in the global market.

Some of the major players in the global atomic spectroscopy market include Agilent Technologies, Inc., Bruker Corporation, Thermo Fisher Scientific, Inc., Perkinelmer, Inc., Rigaku Corporation, Shimadzu Corporation., Analytik Jena AG, Aurora Biomed, GBC Scientific Equipment Pty Ltd, Hitachi High-Technologies Corporation and others. Order a copy of Atomic Spectroscopy Market by Technology (Atomic Absorption Spectroscopy/X-Ray Fluorescence/X-Ray Diffraction/ICP-Ms/ICP-OES) & by Application (Food & Beverage Testing/Pharmaceuticals & Biotechnology / Environmental Testing) - Analysis & Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=167426 .

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

On a related note, another research on Mass Spectrometry Market Analysis & Global Forecast to 2020 says, the global mass spectrometry market witnesses' high competitive intensity as there are many big and small firms with similar product offerings. This report includes comprehensive information on the product portfolios and services offered by the top 10 players in the mass spectrometry market. Companies like Agilent Technologies, Inc., Danaher Corporation, Waters Corporation, Bruker Corporation, Thermo Fisher Scientific, Inc., Perkinelmer, Inc., Shimadzu Corporation., Kore Technologies, Ltd., Dani Instruments S.P.A and Leco Corporation have been profiled in this 182 pages research available at http://www.rnrmarketresearch.com/mass-spectrometry-market-by-technology-tandem-lc-ms-quadrupole-icp-ms-gas-chromatography-ms-tof-ms-maldi-tof-fourier-transform-ms-by-application-pharmaceutical-biotechnology-market-report.html .

Explore more reports on Life Sciences market at http://www.rnrmarketresearch.com/reports/life-sciences .

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