New International GMP & GDP Certification for Pharmaceutical Excipients Drive Elemental Analysis Market

The elemental analysis market is expected to reach $6.213 Billion in 2020 from $4.584 Billion in 2015, growing at a CAGR of 6.3%. The market is expected to be dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Asia is expected to grow at the highest rate during the forecast period.

Elemental analysis helps in quantitative and qualitative identification of various elements in different application areas such as life sciences, food and beverage testing, environment testing, geology, cosmetics testing, and petroleum. The technologies used for elemental analysis depend on the sample to be analyzed. The technologies predominantly used for elemental analysis are Inductively Coupled Plasma Spectrometry, Inductively Coupled Plasma-Mass Spectrometry (ICP-MS), Inductively Coupled Plasma-Optical Emission Spectrometry (ICP-OES), X-ray Diffraction (XRD), and X-ray Fluorescence (XRF). Both organic and inorganic elements can be identified using these technologies.

The global market is segmented on the basis of types, technologies, and applications. By type, the market is categorized into organic elemental analysis and inorganic elemental analysis. In 2015, the inorganic elemental analysis segment is estimated to account for the larger share of the market. This segment is expected to grow at the higher rate during the forecast period.

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The key factors that are expected to spur the growth of this market are the increasing use of X-ray fluorescence in medical research, growing food safety concerns, and increasing life science R&D spending. Moreover, emerging nations of India and China, increasing demand from applied markets, and requirement to comply with the revised chapter 231 of the U.S. Pharmacopeia are likely to create opportunities for elemental analyzers. However, high cost of elemental analysis equipment is likely to pose as a restraint for the growth of this market. Need for highly skilled professionals acts as a challenge in the global market.

Some of the major players in the global market include Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), PerkinElmer, Inc. (U.S.), AMETEK, Inc. (U.S.), Bruker Corporation (U.S.), HORIBA, Ltd. (Japan), Shimadzu Corporation (Japan), Rigaku Corporation (Japan), Analytik Jena AG (Germany), and Elementar Group (Germany).

Source: The United States Pharmacopeia (USP), Centers for Disease Control and Prevention (CDC), the Food Safety Authority of Ireland (FSAI), World Health Organization (WHO), USDA Foreign Agricultural Service (FAS), Chamber of Mines of South Africa (COMSA), World Bank, National University of Singapore (NUS), the Solid State and Elemental Analysis Unit (SSEAU), ASTM International, US Environmental Protection Agency (US EPA), Expert Interviews, and MarketsandMarkets Analysis

Related Article: http://healthcareinterestingtrends.blogspot.in/2017/09/new-international-gmp-gdp-certification.html

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