Report ID: SQMIG35H2195
Report ID:
SQMIG35H2195 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Atomic Spectroscopy Market size was valued at USD 6.5 Billion in 2023 and is poised to grow from USD 6.88 Billion in 2024 to USD 10.91 Billion by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).
The market is projected to grow in the next years because of the growing use of X-ray fluorescence in medical research to examine chemical moieties. Medication safety research and surveillance are also subject to stringent restrictions, and the sector may soon benefit from their improvement. The new global good manufacturing standards and superior documentation processes involved would soon lead to a growth in the industry. The rise in food and beverage safety analysis is expected to fuel the growth of the global atomic spectroscopy market over the forecast period. The leading firms in the global atomic spectroscopy industry are focusing on creating innovative techniques for atomic mass measurement and reducing related expenses.
The government is focusing its efforts on the advancement of atomic spectroscopy techniques to enhance the quality control department's ability to identify the chemical moiety present in the sample or to determine the composition of a particular substance. However, the lack of skilled workers with knowledge of both IT and healthcare could hinder the sector's expansion in the years to come. The future growth of the atomic spectroscopy industry has benefited from the increased need for the creation and investigation of novel chemicals. Regardless of whether they are created for medical or non-medical uses, the novel chemical entities must have a certain composition to be utilized for their intended purpose.
US Atomic Spectroscopy Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35H2195