X-ray Fluorescence Spectrometers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

X-ray Fluorescence Spectrometers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Medical Imaging

Report Description

The human cells contain a variety of trace elements and minerals that perform a number of catalytic or structural functions in the body metabolism. Moreover, health care consumable supplies such as pharmaceutical, dental and surgical materials and medical devices may contain trace amounts of different inorganic or metallic elements. In addition to these, several biological samples, epithelial linings, respiratory mucosal linings, and the digestive tract may come in contact with foreign objects and can get exposed to rare elements which can be harmful. These rare foreign elements can cause numerous undesirable reactions such as allergies or lesions and hence, accurate chemical analysis and diagnosis is required. X-ray fluorescence spectrometry is an easy, non-destructive, chemical analysis technique with a wide range of applications in industries including geology, environment, mining & cement production, glass & ceramics, food, forensic science, and health care. X-ray fluorescence spectrometry uses non-destructive X-rays emitted under high-energy X-ray irradiation to analyze trace amounts of pathological elements, without destructing or damaging the sample composition under test. However, X-ray fluorescence spectrometry is not very widely employed in analyzing biological samples, as the technique requires vacuum conditions that can potentially dehydrate or damage biological samples. It can be used extensively in the analysis and quality control of pharmaceutical and health care materials.

The global X-ray fluorescence spectrometers market is expected to expand at a significant rate during the forecast period, owing to wide usage of these spectrometers in various sectors. Technological advancements to make X-ray fluorescence spectrometers more applicable for health care are anticipated to drive the market in the near future. For instance, the innovative X-ray guide tube technology of Horiba’s XGT-5000 analyzer allows safe, high-resolution analysis of all elements of a biological sample at the atmospheric pressure. Moreover, rising use of X-ray fluorescence spectrometers in tablet formulation processes to examine contaminants externally as well as internally is expected to augment the demand for X-ray fluorescence spectrometers across the world in the near future. Rapid increase in the global disease burden and rise in the demand for better quality control options are augmenting the demand for X-ray fluorescence spectrometers. Other factors driving the global X-ray fluorescence spectrometers market are compact size and ease of use of these spectrometers and continuous monitoring offered by them.

The global X-ray fluorescence spectrometers market can be segmented based on technology, application, and region. In terms of technology, the market can be divided into energy-dispersive spectrometry and wavelength-dispersive spectrometry. Based on application, the market can be categorized into pharmaceutical industry, food industry, and environmental monitoring. In terms of region, the global X-ray fluorescence spectrometers market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is anticipated to account for a dominant share of the global market between 2017 and 2025, due to high adoption of X-ray fluorescence spectrometers, presence of superior health care infrastructure, and favorable reimbursement scenario in the region. The market in Europe is anticipated to witness rapid growth during the forecast period, due to high consciousness about technological advancements, increasing affordability of health care services, and rising expenditure on these services. Developing countries in Asia Pacific are anticipated to witness rapid growth during the forecast period. Increasing awareness about innovative quality control techniques, rising number of health care research and development programs, economic growth, and growing interest of foreign investors are factors fueling the market in Asia Pacific. Countries such as China, Japan, and India are poised to be highly promising markets for X-ray fluorescence spectrometers in the near future.

Key players operating in the global X-ray fluorescence spectrometers market are Bruker, Thermo Fisher Scientific, Helmut Fischer GmbH, Horiba, Ltd., SPECTRO Analytical Instruments GmbH, Rigaku Corporation, Analytical X-Ray Systems Co. Ltd., and FAST ComTec.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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