PUBLISHER: The Business Research Company | PRODUCT CODE: 1713592
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713592
An ICP-OES (inductively coupled plasma optical emission spectrometer) is an analytical device designed to detect and quantify the concentration of elements in various samples. It functions by ionizing the sample in a high-temperature plasma and measuring the emitted light at specific wavelengths to identify and quantify metals and non-metals with high precision and sensitivity.
The primary types of ICP-OES spectrometers are sequential and simultaneous. Sequential ICP-OES spectrometers analyze one element at a time using a single detector. These instruments are used in applications such as nanotechnology, drug discovery, environmental testing, and food and agriculture. They are utilized by various end users including pharmaceutical and biotechnology companies, research institutions, and academic centers.
The ICP-OES spectrometer market research report is one of a series of new reports from The Business Research Company that provides ICP-OES spectrometer market statistics, including ICP-OES spectrometer industry global market size, regional shares, competitors with a ICP-OES spectrometer market share, detailed ICP-OES spectrometer market segments, market trends and opportunities, and any further data you may need to thrive in the ICP-OES spectrometer industry. This ICP-OES spectrometer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ICP-OES spectrometer market size has grown strongly in recent years. It will grow from $1.23 billion in 2024 to $1.32 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased environmental regulations, the growing pharmaceutical industry, rising demand for food safety, growth in scientific research and academic studies, and the rising interest in nanotechnology.
The ICP-OES spectrometer market size is expected to see strong growth in the next few years. It will grow to $1.71 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising industrial quality control demands, expanding application in clinical and diagnostic laboratories, growing focus on sustainable practices, rising investments and infrastructure development, and enhanced multi-element analysis capabilities. Major trends in the forecast period include a focus on environmentally friendly solutions, a rise in automation and robotics, advancements in sensitivity and detection limits, enhanced user-friendly interfaces, and growth in environmental monitoring applications.
The rapid expansion of the pharmaceutical and biotechnological industries is anticipated to drive the growth of the ICP-OES spectrometer market. These industries involve the research, development, production, and commercialization of drugs, therapies, and medical products, utilizing both chemical and biological processes to address diseases. Their growth is fueled by rising demand for innovative treatments, technological advancements, and increasing global healthcare needs. ICP-OES spectrometers are essential in these sectors for accurately detecting and quantifying trace metals and impurities in drugs, raw materials, and biological samples, ensuring adherence to safety and quality standards. For example, in June 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported that bio-pharmaceutical production in Europe reached $384.2 billion (€340 billion) in 2022, up approximately 4.95% from $366.3 billion (€324 billion) in 2021. Thus, the growth of the pharmaceutical and biotechnological industries is fueling the demand for ICP-OES spectrometers.
Leading companies in the ICP-OES spectrometer market are concentrating on developing advanced solutions such as high-resolution spectrometers to provide highly accurate measurements. High-resolution spectrometers measure light properties with fine detail across specific segments of the electromagnetic spectrum. For instance, in January 2022, SPECTRO Analytical Instruments, a Germany-based manufacturer, introduced the SPECTRO ARCOS ICP-OES. This advanced analyzer features high-resolution optics and a broad dynamic range, enhancing sensitivity and accuracy. It provides precise and rapid multi-element analysis and includes user-friendly software to streamline operation and data analysis.
In August 2022, Metrohm AG, a Switzerland-based precision instrument manufacturer, partnered with Agilent Technologies to become a value-added reseller of Agilent's mass spectrometers, ICP-MS products, software, and services in France, Spain, Switzerland, the UK, and Ireland. This collaboration boosts Metrohm's ion chromatography capabilities and broadens its application range. Agilent Technologies Inc., a US-based provider of analytical instruments, reagents, and consumables, supports this expanded offering.
Major companies operating in the ICP-OES spectrometer market are Hitachi Ltd., Thermo Fisher Scientific Inc., DiethelmKellerSiberHegner, PerkinElmer Inc., MKS Instruments Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, Horiba Ltd., Metrohm AG, Leco Corporation, PG Instruments Limited, Analytik Jena AG, Spectro Analytical Instruments GmbH, CEM Corporation, Teledyne Leeman Labs, Skyray Instrument Inc., ELTRA GmbH, GBC Scientific Equipment, Drawell
North America was the largest region in the ICP-OES spectrometer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ICP-OES spectrometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ICP-OES spectrometer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ICP-OES spectrometer market consists of sales of radial view ICP-OES spectrometers, axial view ICP-OES spectrometers, and dual view ICP-OES spectrometers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
ICP-OES Spectrometer Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on icp-oes spectrometer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for icp-oes spectrometer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The icp-oes spectrometer market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.