Growing Trends and Detail Analysis Study on Global Handheld X-Ray Fluorescence Spectrometer Market by 2026
X-Ray spectrometer (XRF) is an electronic device that is used for several techniques such as electron spectroscopy and x-ray fluorescence analysis to identify the chemical composition of a broad range of sample types that includes solids, liquids, slurries, and loose powders. These spectrometers are segmented into two types that are fixed X-ray spectrometer and portable X-ray spectrometer.
The escalating utilization of X-ray fluorescence spectrometers in tablet grouping procedures to check out the contaminants externally and internally is expected to boost the demand for X-ray fluorescence spectrometers globally in the forthcoming years. Furthermore, the increasing demand for precision diagnostics, quick development in the global disease burden and augment in the requirement for better quality control options, and developments in diagnostic technologies are some key factors fuelling the global handheld X-ray fluorescence spectrometer market. Other few factors such as the ease of use, compacted size of these spectrometers, and continuous monitoring offered by them are also boosting the global handheld X-ray fluorescence spectrometers market.
On the other hand, the rising high initial cost of equipment and calibration is expected to hamper the X-ray fluorescence spectrometer market growth. Also, the government’s global ban on elective surgical and diagnostic procedure disruption in the supply chain coupled with shutting down of manufacturing facilities hindering the growth of handhelds X-ray fluorescence spectrometer market during the forecast period.
According to the research report, the global handheld X-ray fluorescence spectrometer market in 2020 was approximately USD 460.8 Million. The market is likely to grow at a CAGR of 3.1% and is anticipated to reach around USD 610.8 Million by 2026.
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Top Market Players
The major players in the global handheld X-ray fluorescence spectrometer market cover EWAI, Shanghai JingPu Science & Technology, Malvern Panalytical, Beijing Anchor Wisdom Technology, HORIBA, BRUKER, Oxford-Instruments, Olympus Innov-X, LAN Scientific, DFMC, AppliTek, Thermo Fisher, Hitachi High –Tech, BSI, SPECTRO, Seiko Instruments, Skyray, Cfantek, and Shimadzu.
For instance, Hitachi, Ltd. is a Japanese multinational conglomerate company and is the parent company of the Hitachi Group (Hitachi Gurupu). In 2020, Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure. In September 2020, Hitachi pulled the plug on plans to create nuclear power plants in Gloucestershire and Wales due to issues with funding due to the impact of COVID-19.
The industry payers from the X-ray spectrometer market are likely to produce development opportunities in the upcoming years with the rising demand for customized procedure trays in the global market across the globe.
The handheld X-ray fluorescence spectrometer market has been segmented into North America, Europe, Asia-Pacific, the Middle East, and Africa, and Latin America. North American region is leading the handheld X-ray fluorescence spectrometer market as a result of the existence of improved health care infrastructure, high adoption of X-ray fluorescence spectrometers, and favorable reimbursement growth in the region. In addition, the region of Asia-Pacific is accounted for the largest market growth due to the increasing number of health care research, growing awareness about innovative quality control techniques, and development programs in the upcoming years in the region. Similarly, the developing countries of Europe are probably to observe quick augmentation owing to the increasing affordability of health care services, high awareness regarding technological advancements, and growing expenditure on these services.
Browse the full report “Handheld X-Ray Fluorescence Spectrometer Market By Product Types (Wavelength Dispersion, and Energy Dispersion), By End-User (Mining Industry, Cement Industry, Petroleum Industry, Metallurgical Industry, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/handheld-x-ray-fluorescence-spectrometer-market
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