Trace Metal Analysis allows detection and identification of low levels of metals in a sample which can be critical to product development, quality control and regulatory compliance. The market is anticipated to grow in the forecast period owing to driving factors such as strict safety and quality regulations, new international Cgnp and cGDP certification for pharmaceutical products, increasing expenditure in life science R&D, advancement in technologies, and rising preference to outsource analytical requirements to third-party service providers.
MARKET SCOPE
The "Global Trace Metal Analysis Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Trace Metal Analysis market with detailed market segmentation by technology, type, application, and geography. The report provides key statistics on the market status of the leading Trace Metal Analysis market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology, the global trace metal analysis market is segmented into atomic absorption spectroscopy (AAS), inductively coupled plasma mass spectroscopy (ICP-MS), optical emission spectroscopy (OES), fourier transform infrared spectroscopy (FTIR), X-ray fluorescence spectroscopy (XRF), others
- On the basis of type, the market is segmented into benchtop, and portable.
- On the basis of application, the market is segmented into food and beverage, pharmaceutical and biotechnology, and environmental testing.
MARKET DYNAMICS
Drivers:
- Rising Life Science R&D Expenditure
- Technological Advancements
- Stringent Safety and Quality Regulations
Restraints:
- High Cost of Equipment
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Trace Metal Analysis market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
IMPACT OF COVID-19 ON TRACE METAL ANALYSIS MARKET
The COVID-19 may increase opportunity for pharmaceutical industry; as it increases the demand for prescription medicines, vaccines, and medical devices. For example, the outbreak highlighted the benefits of collaboration, such as outsourcing drug development and manufacturing to viral vector specialist CDMOs. In addition, demand for both high quality and high volume CGMP drug substance and drug product manufacturing services has soared, which is driving the growth of the trace metal analysis market.
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MARKET PLAYERS
The report covers key developments in the Trace Metal Analysis market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Trace Metal Analysis market are anticipated to lucrative growth opportunities in the future with the rising demand for Trace Metal Analysis market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Trace Metal Analysis market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Agilent Technologies
- Thermo Fisher Scientific
- PerkinElmer, Inc
- Analytik Jena AG
- Bruker Corporation
- Hitachi Hi-Technologies Corporation
- Rigaku Corporation
- Shimadzu Corporation
- Eurofins Scientific
- Intertek Group PLC