Atomic Spectroscopy Market Trends

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.

Challenges

• 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