Atomic Spectroscopy Market Size & Share, by Technology (X-Ray Fluorescence, Atomic Absorption Spectroscopy, X-Ray Diffraction, Inductively Coupled Plasma-Optical Emission Spectroscopy); Application (Pharmaceutical & Biotechnology, Industrial, Food & Beverage Testing, Environmental Testing, Petrochemical, Geological Sciences) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5036
  • Published Date: Jun 16, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Atomic Spectroscopy Market size is anticipated to surpass USD 7 Billion by the end of 2035, witnessing around 7% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of atomic spectroscopy was around USD 6 Billion. The rising production of medicines will drive the growth of the market. Over the following five years through 2026, a total of 300 new medications are predicted to be introduced globally, a significant increase from the previous decade's average. Furthermore, the overall expenditure on new drug development will be roughly USD 196 billion. With the help of the atomic spectroscopy technique, elemental analysis in pharmaceuticals is done. It helps in determining the concentration of the elements and potentially toxic elements in the drug formulations.

Furthermore, the rising consumption and production of packed beverages will also increase the demand for atomic spectroscopy. In 2021, worldwide consumption of packed beverages was estimated to be around 1.35 trillion liters. Beverages often have a significant water component, and the quality of water used in their production is important. Atomic spectroscopy can be used to analyze water samples for the presence of contaminants, including heavy metals.

Atomic Spectroscopy Market
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Atomic Spectroscopy Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Number of Fatalities Associated with Tainted Food– As per the statistics of the World Health Organization, in the entire world, around 420,000 people every year lose their life due to contaminated food and nearly 6000 million become severely ill. Atomic spectroscopy can be employed to detect and quantify the contamination in the food samples. Inductively Coupled plasma mass spectrometry is specifically used for this purpose.
  • Rising Investment by Government– The government is allocating huge funds for research and development in the field of atomic spectroscopy. These investments aid the discovery and improvement of new techniques, instrumentation, and others. Moreover, the government also plays a crucial role in establishing and maintaining the advanced laboratory infrastructure required for atomic spectroscopy.
  • Growing Implementation of Drug Safety Regulation– The efficacy and safety of the drug is highly crucial. For addressing this concern, in 2020, a WHO Pharmacovigilance team was formed, it works closely with the Department of Regulation and Prequalification to look after the safety of newly developed medicines and vaccines. Atomic spectroscopy plays a critical role in quality control throughout the pharmaceutical manufacturing process. Therefore, strict regulation for drug approvals will drive the demand for atomic spectroscopy.


  • The Cost of the Machine is Really High- The instrument can be expensive to acquire and maintain. The initial capital investment required for purchasing the components of the atomic spectroscopy setup, such as ICP-OES or ICPP-MS, along with the cost of consumables and regular maintenance can be significantly high. It can be a significant barrier for small and medium-sized laboratories or research facilities.
  • Difficult Integration with other Analytical Instruments
  • Lack of Skilled Professionals to Handle the Machine

Atomic Spectroscopy Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 6 Billion

Forecast Year Market Size (2035)

~ USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Atomic Spectroscopy Segmentation

Technology (X-Ray Fluorescence, Atomic Absorption Spectroscopy, X-Ray Diffraction, Inductively Coupled Plasma-Optical Emission Spectroscopy)

The atomic absorption spectroscopy segment is expected to hold over 40% share of the atomic spectroscopy market by 2035. Atomic absorption spectroscopy is comparatively cheaper than other technology and produces great outputs. It has relatively lower capital and operating costs, making it accessible to small laboratories and industries with restricted budgets. Moreover, AAS are well known for their great sensitivity and selectivity in detecting and quantifying trace elements. It can measure the elements at parts per billion (ppb) or even part per trillion (ppt) concentration. This makes it crucial in various fields, including pharmaceutical, environment, and forensic analysis.

Application (Pharmaceutical & Biotechnology, Industrial, Food & Beverage Testing, Environmental Testing, Petrochemical, Geological Sciences)

In the year 2035, the pharmaceutical & biotechnology segment in the atomic spectroscopy market is predicted to have a major proportion of roughly 46%. The growing investment in pharmaceuticals is expected to drive the segment’s growth. For instance, in 2021, the total investment in gene therapy was around USD 23 billion, which came in owing to higher collaboration among big pharmaceutical companies across the globe.  Atomic spectroscopy can be utilized to monitor the uptake and distribution of therapeutic genes and other elements in gene therapy. Moreover, global R&D spending in the pharmaceutical business was around 238 billion US dollars in 2021. Higher investment will lead to a rise in the number of drug development programs and an expanded pipeline of potential therapies.

Our in-depth analysis of the global atomic spectroscopy market includes the following segments:


  • X-Ray Fluorescence
  • Atomic Absorption Spectroscopy
  • X-Ray Diffraction
  • Inductively Coupled Plasma-Optical Emission Spectroscopy


  • Pharmaceutical & Biotechnology
  • Industrial
  • Food & Beverage Testing
  • Environmental Testing
  • Petrochemical
  • Geological Sciences

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Atomic Spectroscopy Market - Regional Synopsis

North American Market Forecast

North America atomic spectroscopy market is projected to grow at a higher CAGR over the forecast and it will be responsible for the largest with a share of about 37% between 2023 and 2035 due to the rising investment in advancing food testing technology which will increase the use of atomic spectroscopy. Atomic spectroscopy is used in quality control processes to monitor and maintain the consistency and purity of food products. In the financial year 2022 budget of the United States, the government allocated USD 1.6 billion in funding authority for food safety testing, a USD 134 million was invested in human and animal goods. Out of which, around USD 45 million was to support the programs to enhance food safety. Moreover, the proposed spending plan also includes USD 20 million for Developing Chemical and Toxicology Issues and USD 18 million for Maternal and Infant Health and Nutrition efforts.

APAC Market Statistics

The Asia Pacific atomic spectroscopy market is expected to be the second largest, with a 26% share till 2035. The Indian biotech sector expanded by around 14%, with R&D investments tripling to USD 1.02 billion in 2021, up from USD 320 million in 2020. Atomic spectroscopy is important for various applications within the biotech industry. It is used to determine the elemental composition and concentration of the sample. Therefore, the expanding biotech industry will grow the regional industry. Furthermore, the rising concerns for assuring food safety are also expected to drive the growth of the atomic spectroscopy market in the region.

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Atomic Spectroscopy Market Size
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Companies Dominating the Atomic Spectroscopy Market

    • Adeptrix Corp
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Agilent Technologies, Inc.
    • AMETEK Inc.
    • Analytik Jena GmbH + Co. KG
    • Aurora Biomed Inc.
    • Avantor, Inc.
    • Bruker Corporation
    • Buck Scientific Instrument Manufacturing Company
    • Endress+Hauser Group services AG
    • GBC Scientific Equipment Pty Ltd


In The News

  • Avantor, Inc. the leading provider of products and services in the field of advanced technologies and life sciences, announced the collaboration with Catalent, Inc. With this agreement, Avantor will provide a wide range of laboratory supplies, clinical testing technologies, and others.
  • Agilent Technologies, Inc. announced the collaboration with PathAI to provide the AI-powered services and research tools for clinical application, pathology, and biopharma research. The companies will collectively develop machine learning analysis algorithms.

Author Credits:  Radhika Gupta, Shivam Bhutani

  • Report ID: 5036
  • Published Date: Jun 16, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for better food safety, rising production of medicine, and growing research in the pharmaceutical industry are the major factors driving the market growth.

The market size of atomic spectroscopy is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Adeptrix Corp, Agilent Technologies, Inc., AMETEK Inc., Analytik Jena GmbH + Co. KG, Aurora Biomed Inc., Avantor, Inc., Bruker Corporation, Buck Scientific Instrument Manufacturing Company, Endress+Hauser Group services AG and GBC Scientific Equipment Pty Ltd.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, application, and by region.

The atomic absorption spectroscopy segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Lack of expert professionals and high cost of the device is estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Atomic Spectroscopy Market Report Scope

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