ICP-OES Spectrometer Market Research Report - Global Forecast till 2027

Global ICP-OES Spectrometer Market Research Report: Information by Spectrometer Type (Sequential, Simultaneous), Application (Nanotechnology, Drug Discovery, Environmental Testing, Food & Agriculture, Others), End User (Pharmaceutical and Biotechnology Companies, Research and Academic Institutes, Others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027

ID: MRFR/HC/6648-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data

Market Scenario


The Global ICP-OES Spectrometer Market is expected to register a CAGR of 7.2% during the forecast period of 2019 to 2025 with a market value of USD 521.4 million in 2018.


ICP-OES Spectrometer or inductively coupled plasma optical emission spectroscopy is an analytical technique that is used for the detection of chemical elements. With the help of this technique, the composition of elements in samples can be determined using plasma and a spectrometer. The global ICP-OES spectrometer market is driven by factors such as increasing R&D expenditure for the development of better analytical systems and growing technological advancements. On the other hand, the high cost of instruments and requirement of large capital investment for setting up instrument manufacturing plants is projected to negatively affect the growth of the market during the assessment period.


Moreover, major companies in the market are involved in strategic acquisitions and collaborations to sustain their position in the market. For instance, in May 2018, PerkinElmer Inc. acquired Shanghai Spectrum Instruments Co., Ltd, which helped the company to build a strong position in the Chinese market.


Segmentation


The global ICP-OES spectrometer market has been segmented based on spectrometer type, application, and end user.


The market, based on spectrometer type, has been bifurcated into sequential and simultaneous. The sequential spectrometer market is expected to hold a major share in the market owing to its wider availability in the market. The simultaneous spectrometer segment is anticipated to be the fastest growing due to its rising adoption rate.


The market, by application, has been divided into nanotechnology, drug discovery, environmental testing, food & agriculture, and others. The drug discovery segment is expected to hold a major share owing to a large number of applications of ICP-OES spectrometer in this field. The environmental testing segment is expected to be the fastest growing due to an increasing number of research activities for using ICP-OES spectrometer for environmental testing purpose.


The market, by end user, has been classified as pharmaceutical & biotechnology companies, research & academic institutes, and others. Pharmaceutical & biotechnology companies are anticipated to hold a major share in the market. This is due to the increasing number of applications of ICP-OES spectrometer in the pharmaceutical industry. The research & academic institutes segment is expected to become the fastest growing market due to the increasing research activities.


The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The ICP-OES spectrometer market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European ICP-OES spectrometer market has been sub-divided Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, UK, Italy, Spain, and the rest of Western Europe. The ICP-OES spectrometer market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The ICP-OES spectrometer market in the Middle East & Africa has been divided into the Middle East and Africa.


Key Players



  • PerkinElmer Inc.

  • Shimadzu Corporation

  • GBC Scientific Equipment

  • Thermo Fisher Scientific

  • Agilent Technologies, Inc.

  • SPECTRO Analytical Instruments GmbH

  • Teledyne Leeman Labs

  • Analytik Jena AG

  • Horiba

  • Skyray Instrument Inc.

  • Beijing Huake Tiancheng Technology Co., Ltd

  • FPI

  • Hitachi High-Technologies Corporation

  • Merck KGaA


Regional Market Summary


Global ICP-OES Spectrometer Market Share (%), by Region, 2018  ICP-OES Spectrometer Market


Source: World Health Organization (WHO) and Institute of Medicine (IOM)


The market in the Americas is expected to dominate the global ICP-OES spectrometer market due to the growing expenditure on R&D to develop new technologies and the high adoption of new technology in the region. Moreover, the presence of major companies such as PerkinElmer Inc., Agilent Technologies, Inc., Thermo Fisher Scientific, etc. in North America is also expected to fuel the market growth in the region.


The market in Europe showed a substantial amount of growth. The market growth in this region can be attributed to the presence of a well-established healthcare system and increasing adoption of ICP-OES spectrometer for research purposes.


The market in Asia-Pacific is projected to have the fastest growth rate during the forecast period owing to the rapid growth of the pharmaceutical industry in countries such as China, India, and Japan.


The market in the Middle East & Africa is anticipated to account for the least share of the global market due to low disposable income in the region. Moreover, the presence of major companies in the Middle East and African market is also limited, which is projected to curb the growth of the market in the future.


Global ICP-OES Spectrometer Market, by Modality 



  • Sequential

  • Simultaneous


Global ICP-OES Spectrometer Market, by Application



  • Nanotechnology

  • Drug Discovery

  • Environmental Testing

  • Food & Agriculture

  • Others


Global ICP-OES Spectrometer Market, by End User



  • Pharmaceutical and Biotechnology Companies

  • Research and Academic Institutes

  • Others


Global ICP-OES Spectrometer Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America





  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific





  • Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Pharmaceutical companies

  • Biotechnology companies

  • Research and development (R&D) companies

  • Government research institutes

  • Academic institutes and universities

  • Venture Capitalists



Report Scope:
Report Attribute/Metric Details
  Market Size   2025: Significant Value
  CAGR   7.2% (2019-2025)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Spectrometer Type, Application, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   PerkinElmer Inc., Shimadzu Corporation, GBC Scientific Equipment, Thermo Fisher Scientific, Agilent, Technologies, Inc., SPECTRO Analytical Instruments GmbH, Teledyne, Leeman Labs, Analytik Jena AG, Horiba, Skyray Instrument Inc., Beijing Huake Tiancheng Technology Co., Ltd, FPI, Hitachi High-Technologies Corporation, Merck KGaA
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Growing Technological Advancements


Frequently Asked Questions (FAQ) :


The ICP-OES spectrometer market anticipates a 7.2% CAGR during the forecast period of 2019 to 2025.

The ICP-OES spectrometer market valuation of 2018 was USD 521.4 million.

The sequential spectrometer would lead the ICP-OES spectrometer market.

The drug discovery segment would dominate the ICP-OES spectrometer market.

The pharmaceutical and biotechnology companies would command the ICP-OES spectrometer market growth.

Table of Contents

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

Chapter 6. Global ICP-OES Spectrometer Market, by Spectrometer Type

6.1 Overview

6.2 Sequential

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3 Simultaneous

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 7. Global ICP-OES Spectrometer Market, by Application

7.1 Overview

7.2 Nanotechnology

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3 Drug Discovery

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4 Environmental Testing

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.5 Food & Agriculture

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.6 Others

Chapter 8. Global ICP-OES Spectrometer Market, by End User

8.1 Overview

8.2 Pharmaceutical and Biotechnology Companies

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3 Research and Academic Institutes

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.4 Others

Chapter 9. Global ICP-OES Spectrometer Market, by Region

9.1 Overview

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.2 Canada

9.2.2 Latin America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 Italy

9.3.1.4 Spain

9.3.1.5 UK

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 South Korea

9.4.6 Rest of Asia-Pacific

9.5 Middle East & Africa

9.5.1 Middle East

9.5.2 Africa

Chapter 10. Company Landscape

10.1 Overview

10.2 Company Share Analysis

Chapter 11. Company Profiles

11.1 PerkinElmer Inc.

11.1.1 Company Overview

11.1.2 Product Type Overview

11.1.3 Financials Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.2 Shimadzu Corporation

11.2.1 Company Overview

11.2.2 Product Type Overview

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.3 GBC Scientific Equipment

11.3.1 Company Overview

11.3.2 Product Type Overview

11.3.3 Financial Overview

11.3.4 Key Development

11.3.5 SWOT Analysis

11.4 Thermo Fisher Scientific

11.4.1 Company Overview

11.4.2 Product Type Overview

11.4.3 Financial Overview

11.4.4 Key Development

11.4.5 SWOT Analysis

11.5 Agilent Technologies, Inc.

11.5.1 Company Overview

11.5.2 Product Type Overview

11.5.3 Financial overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.6 SPECTRO Analytical Instruments GmbH

11.6.1 Company Overview

11.6.2 Product Type Overview

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.7 Teledyne Leeman Labs

11.7.1 Overview

11.7.2 Product Type Overview

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.8 Analytik Jena AG

11.8.1 Overview

11.8.2 Product Type Overview

11.8.3 Financials

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.9 Horiba

11.9.1 Overview

11.9.2 Product Type Overview

11.9.3 Financials

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.10 Skyray Instrument Inc.

11.10.1 Overview

11.10.2 Product Type Overview

11.10.3 Financials

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.11 Beijing Huake Tiancheng Technology Co., Ltd

11.11.1 Overview

11.11.2 Product Type Overview

11.11.3 Financials

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.12 FPI

11.12.1 Overview

11.12.2 Product Type Overview

11.12.3 Financials

11.12.4 Key Developments

11.12.5 SWOT Analysis

11.13 Hitachi High-Technologies Corporation

11.13.1 Overview

11.13.2 Product Type Overview

11.13.3 Financials

11.13.4 Key Developments

11.13.5 SWOT Analysis

11.14 Merck KGaA

11.14.1 Overview

11.14.2 Product Type Overview

11.14.3 Financials

11.14.4 Key Developments

11.14.5 SWOT Analysis

11.15 Others

Chapter 12 MRFR Conclusion

12.1 Key Findings

12.1.1 From CEO’s Viewpoint

12.1.2 Unmet Needs of the Market

12.2 Key Companies to Watch

12.3 Predictions for the ICP-OES Spectrometer Market

Chapter 13. Appendix


LIST OF TABLES

Table 1 Global ICP-OES Spectrometer Market Synopsis, 2020-2027

Table 2 Global ICP-OES Spectrometer Market Estimates and Forecast, 2020-2027(USD Million)

Table 3 Global ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 4 Global ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 5 Global ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 6 Global ICP-OES Spectrometer Market, by Region, 2020-2027(USD Million)

Table 7 North America: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 8 North America: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 9 North America: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 10 US: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 11 US: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 12 US: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 13 Canada: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 14 Canada: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 15 Canada: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 16 Latin America: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 17 Latin America: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 18 Latin America: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 19 Europe: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 20 Europe: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 21 Europe: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 22 Western Europe: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 23 Western Europe: ICP-OES Spectrometer Market, by Application, 2020-2027 (USD Million)

Table 24 Western Europe: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 25 Eastern Europe: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 26 Eastern Europe: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 27 Eastern Europe: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 28 Asia-Pacific: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 29 Asia-Pacific: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 30 Asia-Pacific: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)

Table 31 Middle East & Africa: ICP-OES Spectrometer Market, by Spectrometer Type, 2020-2027(USD Million)

Table 32 Middle East & Africa: ICP-OES Spectrometer Market, by Application, 2020-2027(USD Million)

Table 33 Middle East & Africa: ICP-OES Spectrometer Market, by End User, 2020-2027(USD Million)


LIST OF FIGURES

Figure 1 Research Process

Figure 2 Market Structure for Global ICP-OES Spectrometer Market

Figure 3 Market Dynamics for Global ICP-OES Spectrometer Market

Figure 4 Global ICP-OES Spectrometer Market Share, by Spectrometer Type, 2020 (%)

Figure 5 Global ICP-OES Spectrometer Market Share, by Application, 2020 (%)

Figure 6 Global ICP-OES Spectrometer Market Share, by End User, 2020 (%)

Figure 7 Global ICP-OES Spectrometer Market Share, by Region, 2020 (%)

Figure 8 North America: ICP-OES Spectrometer Market Share, by Country, 2020 (%)

Figure 9 Europe: ICP-OES Spectrometer Market Share, by Region, 2020 (%)

Figure 10 Western Europe: ICP-OES Spectrometer Market Share, by Country, 2020 (%)

Figure 11 Asia-Pacific: ICP-OES Spectrometer Market Share, by Country, 2020 (%)

Figure 12 Middle East & Africa: ICP-OES Spectrometer Market Share, by Country, 2020 (%)

Figure 13 Global ICP-OES Spectrometer Market: Company Share Analysis, 2020 (%)

Figure 14 PerkinElmer Inc.: Key Financials

Figure 15 PerkinElmer Inc.: Segmental Revenue

Figure 16 PerkinElmer Inc.: Geographical Revenue

Figure 17 Shimadzu Corporation: Key Financials

Figure 18 Shimadzu Corporation: Segmental Revenue

Figure 19 Shimadzu Corporation: Geographical Revenue

Figure 20 GBC Scientific Equipment: Key Financials

Figure 21 GBC Scientific Equipment: Segmental Revenue

Figure 22 GBC Scientific Equipment: Geographical Revenue

Figure 23 Thermo Fisher Scientific: Key Financials

Figure 24 Thermo Fisher Scientific: Segmental Revenue

Figure 25 Thermo Fisher Scientific: Geographical Revenue

Figure 26 Agilent Technologies, Inc.: Key Financials

Figure 27 Agilent Technologies, Inc.: Segmental Revenue

Figure 28 Agilent Technologies, Inc.: Geographical Revenue

Figure 29 SPECTRO Analytical Instruments GmbH: Key Financials

Figure 30 SPECTRO Analytical Instruments GmbH: Segmental Revenue

Figure 31 SPECTRO Analytical Instruments GmbH: Geographical Revenue

Figure 32 Teledyne Leeman Labs: Key Financials

Figure 33 Teledyne Leeman Labs: Segmental Revenue

Figure 34 Teledyne Leeman Labs: Geographical Revenue

Figure 35 Analytik Jena AG: Key Financials

Figure 36 Analytik Jena AG: Segmental Revenue

Figure 37 Analytik Jena AG: Geographical Revenue

Figure 38 Horiba: Key Financials

Figure 39 Horiba: Segmental Revenue

Figure 40 Horiba: Geographical Revenue

Figure 41 Skyray Instrument Inc.: Key Financials

Figure 42 Skyray Instrument Inc.: Segmental Revenue

Figure 43 Skyray Instrument Inc.: Geographical Revenue

Figure 44 Beijing Huake Tiancheng Technology Co., Ltd: Key Financials

Figure 45 Beijing Huake Tiancheng Technology Co., Ltd: Segmental Revenue

Figure 46 Beijing Huake Tiancheng Technology Co., Ltd: Geographical Revenue

Figure 47 FPI: Key Financials

Figure 48 FPI: Segmental Revenue

Figure 49 FPI: Geographical Revenue

Figure 50 Hitachi High-Technologies Corporation: Key Financials

Figure 51 Hitachi High-Technologies Corporation: Segmental Revenue

Figure 52 Hitachi High-Technologies Corporation: Geographical Revenue

Figure 53 Merck KGaA: Key Financials

Figure 54 Merck KGaA: Segmental Revenue

Figure 55 Merck KGaA: Geographical Revenue




This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.