[178+ Pages Report] According to the report published by the Facts & Factors, the global handheld X-ray fluorescence spectrometer market was estimated at approximately USD 460.8 Million in 2020 and is expected to generate revenue of around USD 610.8 Million by the end of 2026, growing at a CAGR of around 3.1% between 2021 and 2026.
X-ray fluorescence (XRF) is an analytical technique that is used to determine the chemical composition of a broad range of sample types that includes solids, liquids, slurries, and loose powders. These spectrometers are divided into two types that are fixed X-ray spectrometer and portable X-ray spectrometer. X-ray fluorescence is also used to determine the thickness and composition of layers and coatings. It can analyze the elements from beryllium (Be) to uranium (U) in concentration ranges from 100 wt% to sub-ppm levels.
Rising demand for precision diagnostics, rapid expansion in the global disease burden and increase in the demand for better quality control options, and advancements in diagnostic technologies are some major factors driving the global handheld X-ray fluorescence spectrometer market. Moreover, the increasing utilization of X-ray fluorescence spectrometers in tablet grouping processes to check out the contaminants externally and internally is likely to enhance the demand for X-ray fluorescence spectrometers worldwide during the forecast period. In addition, the ease of use, compacted size of these spectrometers, and continuous monitoring offered by them are some other factors propelling the global handheld X-ray fluorescence spectrometers market. The growing benefits of safe rapid multi-element analysis and easy sample preparations are also boosting the growth of the handheld X-ray fluorescence spectrometer market.
The rising high initial cost of equipment and calibration is likely to hamper the X-ray fluorescence spectrometer market growth. Also, the engagement of healthcare professionals in the management of COVID-19 hindered the requirement for an X-ray spectrometer. Besides, the government worldwide ban on elective surgical and diagnostic procedure disruption in the supply chain coupled with shutting down of manufacturing facilities also impeded the market growth of handhelds X-ray fluorescence spectrometer.
The global handheld X-ray fluorescence spectrometer market has been classified into the type of product and end-user. Based on the product types, the global handheld X-ray fluorescence spectrometer market has been segmented into wavelength dispersion and energy dispersion. The global handheld X-ray fluorescence spectrometer market based on the end-user industry has been divided into the mining industry, cement industry, petroleum industry, metallurgical industry, and others.
The geographical split of the handheld X-ray fluorescence spectrometer market comprises North America, Europe, Asia-Pacific, the Middle East, and Africa, and Latin America. In terms of revenue, North America is leading the handheld X-ray fluorescence spectrometer market due to the existence of better health care infrastructure, high adoption of X-ray fluorescence spectrometers, and favorable reimbursement development in the region.
Furthermore, the European region is expected to observe quick growth in the future because of the growing affordability of health care services, high awareness regarding technological advancements, and increasing expenditure on these services. Also, the Asia-Pacific is projected for the largest market growth in the future due to the increasing number of health care research, growing awareness about innovative quality control techniques, and development programs, and growing interest of the foreign investor in the region.
The key players in the global handheld X-ray fluorescence spectrometer market are Seiko Instruments, EWAI, Shanghai JingPu Science & Technology, MalvernPanalytical, Beijing Anchor Wisdom Technology, HORIBA, BRUKER, Oxford-Instruments, Olympus Innov-X, LAN Scientific, DFMC, AppliTek, Shimadzu, Thermo Fisher, Hitachi High –Tech, BSI, SPECTRO, Skyray, and Cfantek.
For example, Malvern Panalytical is a Spectris plc company. The company is a manufacturer and supplier of laboratory analytical instruments. It has been influential in the development of the Malvern Correlator, and it remains notable for its work in the advancement of particle sizing technology.In 2020, Malvern Panalytical received the Physikalisch-TechnischeBundesanstalt (PTB) type approval, as a “full-protection” X-ray instrument, for its Aeris range of benchtop XRD diffractometers.
Our Analysts and Consultants are working ceaselessly to congregate, identify, analyze, and portray the Actual Impacts of COVID-19 Global Pandemic in each of our published as well as ongoing research reports to Redefine and Revise Current and Future Market Trends, Growth Rates, And Market Size Projections across the Globe as well as in different Regions and individual Countries.
Still haven't found what you're looking for? Speak to our Custom Research TeamLearn More