Industry Background:
Trace metals analysis enables detection and identification of low levels of metals in a sample which can be critical to product development, quality control, and regulatory compliance. Determining trace levels of metals in samples can also help to identify contaminants and provides important data to help both process improvement and chemical product formulation development. In a range of products, such as, pharmaceuticals, chemicals, cosmetics, medical devices, and consumer products, it is important to understand which trace metals are present and the levels at which they are present in the sample. This is critical as trace metals can impact a product’s harmfulness and also affect how the substance interacts with other chemicals.
According to AMA, the market for Trace Metal Analysis is expected to register a CAGR of 9.7% during the forecast period to 2027. This growth is primarily driven by Stringent Government Safety and Quality Regulations, Technological Advancements in Trace Metal Analysis and Rising Life Science R&D Investments & Expenditure.
The Environmental & Facilities Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Agilent Technologies, Inc. (United States), Thermo Fisher Scientific, Inc. (United States), Perkinelmer, Inc. (United States), Analytik Jena AG (Germany), Bruker Corporation (United States), Eurofins Scientific (Luxembourg), Intertek Group PLC. (United Kingdom), TUV SUD (India), LGC Limited (United Kingdom) and SGS S.A. (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 3 April 2019, Thermo Fisher Scientific Inc., in collaboration with Food Safety and Standards Authority of India (FSSAI), announced the opening of an advanced, sophisticated food safety solution center at Ghaziabad, India. The Centre is equipped with the latest innovations in liquid, gas and ion chromatography, mass spectrometry and trace element analysis. and On 9 May 2018, Eurofins Scientific, a prominent trace metal analysis company has announced that it has signed an exclusive agreement to acquire PHAST Gesellschaft für Pharmazeutische Qualitätsstandards mbH, one of Europe’s foremost service providers in the field of pharmaceutical products quality.
On 19 September 2018, Hitachi High-Tech Analytical Science Corporation has announced the launch of a new optical emission spectrometer for the demanding metals analysis in foundries and metal production the FM EXPERT.
Market Drivers
- Stringent Government Safety and Quality Regulations
- Technological Advancements in Trace Metal Analysis
- Rising Life Science R&D Investments & Expenditure
Market Trend
Restraints
- High Cost of the Equipment
Opportunities
Growing Preference to Outsource Analytical Requirements to Third-Party Service Providers, Need to Comply With Revised USP Guidelines and The Rising Demand from Emerging Economies
Challenges
Lack of Skilled Professionals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Trace Metal Analysis Study Sheds Light on
The Trace Metal Analysis Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Trace Metal Analysis industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Trace Metal Analysis industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.