Global ICP-OES Spectrometer Market Type and Application: Market Size is $789.13 Million in 2024

Global ICP-OES Spectrometer Market Overview

According to Global Market Monitor, the global ICP-OES spectrometer market size will reach $789.13 million in 2024 with a CAGR of 7.15% from 2024 to 2029.

ICP-OES spectroscopy is an instrument for the detection of chemical elements that provides a wide range of analyses in environmental metals, pharmaceuticals, metallurgy, and other applications. ICP-OES spectroscopy is an analytical technique used to determine the composition of elements in agricultural, metallurgical, and other samples using plasma and spectrometers. According to the Japanese International Standards (JIS), the International Organization for Standardization (ISO), and the Japanese Water Supply Law, spectral technology can be used as an official analytical method. These spectrometers are highly regarded for their accuracy and speed in analyzing elemental samples.

North America Dominates the Market.

Thanks to the adoption of advanced technologies such as ICP Expert software and increased initial spending on research and development, North America is in the best position to lead the market. In addition, the presence of well-known companies including PerkinElmer, Thermo Fisher Technologies, etc., is also driving the market growth in the region.

Europe's well-established healthcare systems have also contributed to the development of ICP-OES spectrometers in the region. The strong development of the Asia-Pacific region is due to the rapid growth of the pharmaceutical industry in India, China, Malaysia, and other countries. In addition, smart spectrum technology is utilized throughout the Asia-Pacific region to prevent time and cost wastage in troubleshooting.

Market Trends

The advantages of using ICP-OES over other elemental analysis techniques such as inductively coupled plasma mass spectrometry (ICP-MS) or atomic absorption spectrometry (AAS) include its wide linear dynamic range, high matrix tolerance, and the enhanced speed of analysis that can be achieved.As countries pay more and more attention to the environment, the demand for industrial inspection applications of ICP-OES spectrometers will increase, which will promote the development of the ICP-OES spectrometer market.

With the increasing attention paid by the international community to ensuring energy security, protecting the ecological environment, and coping with climate change and other issues, it has become a consensus and concerted action of all countries in the world to accelerate the development and utilization of renewable energy.

Application Fields

The pharmaceutical industry segment occupies the biggest share. ICP-OES is well suited for the analysis of heavy metals in pharmaceutical products or cosmetics because most of them can be digested with acid or dissolved in a volatile solvent such as methanol or ethanol.Pharmaceutical product analysis should usually follow FDA regulations and ICP-OES had recently been authorized. This is a growing field of application as most companies must equip their labs to comply with regulations.

By Type	Sequential Type
	Simultaneous Type
	The sequential type segment held the largest market share.
By Application	Pharmaceutical Industry
	Environmental Analysis
	Metallurgical
	Others
	The pharmaceutical industry segment occupies the biggest share.

For more industry information, please refer to our latest released "2023 Global ICP-OES spectrometer Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".