Elemental Analysis Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Elemental Analysis Market is Segmented by Type (Organic Elemental Analysis and Inorganic Elemental Analysis), Technology (Destructive Technologies and Nondestructive Technologies), End User (Pharmaceutical and Biotechnology Companies, Research Organizations, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.

Elemental Analysis Market Size

Elemental Analysis Market  Summary
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Study Period 2019-2027
Base Year For Estimation 2022
CAGR 6.20 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Elemental Analysis Market  Major Players

*Disclaimer: Major Players sorted in no particular order


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Elemental Analysis Market Analysis

The elemental analysis market is expected to register a CAGR of 6.2% over the forecast period.

The elemental analysis market was significantly impacted by the COVID-19 pandemic. In the case of COVID-19 patients, there was an abnormal amount of trace elements in the body, and the respiratory system was at risk of infection due to the higher concentrations of heavy metals in the blood. For instance, as per the study report published by the American Journal of Analytical Chemistry in May 2021, the elemental analysis in COVID-19 patients was performed using an atomic absorption (AA) spectrophotometer, which revealed that COVID-19 patients have abnormal levels of essential trace metals (zinc, iron, and copper) versus toxic elements (cadmium and nickel) in the biological samples. As a result of the COVID-19 effect on elements in the bloodstream, the demand for elemental analysis was significant, which drove the market's growth during the pandemic phase. Currently, the number of COVID-19 cases is relatively low throughout the world; its impact on the market is stable, and the trend is expected to continue due to the ongoing research activities on COVID-19 and emerging viral strains, as per the analysis.

Over the forecast period, the major growth drivers of the elemental analysis market are growing research and development funding in life sciences and mandated government regulations for elemental analysis of pharmaceutical and healthcare products. According to the National Institutes of Health (NIH), Estimates of Funding for Various Research Categories in 2022, it is estimated that the clinical research funding under the life sciences in the United States for 2021 was USD 17,681 million, and it is expected to increase to USD 18,405 million in 2022 and USD 18,383 million in 2023. Thus, the gradual rise in research and development funding is expected to positively impact the market over the forecast period, as elemental analysis is one of the techniques used in clinical research for testing samples of body fluids.

Furthermore, in August 2022, Analytik Jena published that, in a few years, Germany's legislation will make phosphorus recovery from sewage sludge mandatory. The Analytik Jena PlasmaQuant 9100 ICP-OES instrument detects the included nutrients and essential elements in a single measurement cycle, eliminating the need for time-consuming analysis.

However, a lack of skilled personnel is expected to restrain the elemental analysis market's growth during the forecast period.

Elemental Analysis Market Trends

This section covers the major market trends shaping the Elemental Analysis Market according to our research experts:

Inorganic Elemental Analysis Dominate the Global Elemental Analysis Market During the Forecast Period

Inorganic elemental analysis involves a variety of analytical methods that can qualitatively or quantitatively determine the inorganic and elemental composition of solids, liquids, aqueous solutions, chemical mixtures, materials, or products. Inorganic components include cations, metals, anions, and inorganic salts. The inorganic impurities or elements do not provide any therapeutic benefit to humans and can also compromise the safety, efficacy, and quality of pharmaceutical products.

For instance, according to the study report published by Analytical Letters Taylor & Francis in May 2021, patients with chronic kidney disease (CKD) have compromised kidney function, which affects impurity excretion. These impurities in medications were analyzed using HR–CS GFAAS, and all the products contained Cd, Cu, and Mo within the maximum allowed limits. Hence, inorganic elemental analysis plays a major role in the industry's drug manufacturing, which will drive the growth of the segment over the study period.

Also, according to the study report published by Biological Trace Element Research in September 2021, the circulatory levels of trace elements were analyzed using inductively coupled plasma mass spectrometry (ICP-MS) and it was found that levels of Al, Mn, Co, Ni, Cu, As, Se, Sr, and Pb were higher, while levels of Cr, Zn, Rb, Cd, and U were lower in hemodialysis patients. Hence, inorganic elemental analysis plays a major role in clinical settings, which can rule out the elemental levels in the bloodstream.

Thus, inorganic elemental analysis in industrial and clinical settings significantly drives the segment's growth in the study period.

Elemental Analysis Market : Chronic Kidney Disease Cases (In%) by Age, United States, 2021

North America Dominates the Global Elemental Analysis Market During the Forecast Period

North America is expected to dominate the global elemental analysis market owing to the vast development of technologically advanced products for elemental analysis and the availability of extensive areas of elemental analysis applications such as healthcare, pharmaceuticals, biotechnology, chemicals, and the food and beverage industries, among others.

The essential elements are severely altered in chronic kidney disease (CKD) patients with decreased levels of micronutrients such as zinc, selenium, iron, and calcium. Hence, with the rise in CKD cases, the demand for diagnosing the elements in the bloodstream increases, thereby having a significant impact on the elemental analysis market.

For instance, as per the CDC report, in 2021, 15% of United States adults, or 37 million people, are estimated to have CKD. As a result, the significant number of CKD cases increases the demand for elemental analysis, as CKD is associated with changes in trace elements in the bloodstream. Also, new product approvals and launches help the market grow in this region. For instance, in October 2020, Analytik Jena launched its new version of the ASpectMS operating software for Analytik Jena's PlasmaQuant MS series ICP-MS systems. The updated version also contains 21 CFR Part 11 compliance, improvements to user assistance, report functionality, and optimizations for plasma performance when using organic materials.

Hence, owing to the above-mentioned factors, the North American region is expected to witness high growth over the forecast period.

Flemental Analvsis Market- Growth Rate bv Reaion

Elemental Analysis Industry Overview

The elemental analysis market is moderately competitive due to the presence of several companies operating globally. The major players include Thermo Fisher Scientific, Inc., PerkinElmer Inc., Shimadzu Corporation, Analytik Jena GmbH+Co. KG, Agilent Technologies, Inc., Elemental Analysis, Inc., Rigaku Corporation, Eurofins Scientific, Bruker, HORIBA, Ltd., Angstrom Advanced, Inc., and Verder Scientific GmbH & Co. KG (ELTRA GmbH). The players operating in the market focus on introducing new products to address the changing needs of patients.

Elemental Analysis Market Leaders

  1. Eurofins Scientific

  2. Agilent Technologies, Inc.

  3. Rigaku Corporation

  4. Verder Scientific GmbH & Co. KG (ELTRA GmbH)

  5. PerkinElmer Inc

*Disclaimer: Major Players sorted in no particular order

Elemental Analysis Market.png

Elemental Analysis Market News

  • In July 2022, SPECTRO Analytical Instruments launched the SPECTROMAXx LMX10 arc/spark OES analyzer for elemental analysis in metal-producing and fabricating plants and iron and non-ferrous foundries. The LMX10 has new advancements, including complete new factory calibrations, extended calibration ranges and element selections, optimized source excitation parameters, and improved limits of detection (LODs).
  • In May 2022, Analytik Jena offered optimal solutions for routine drinking water analysis requirements with its ICP-MS devices (inductively coupled plasma mass spectrometer). The ICP-MS systems of the PlasmaQuant MS series can analyze 60 drinking water samples per hour for 21 elements with an average standard deviation of only 1.5%.

Elemental Analysis Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing R&D Funding in Life Sciences

      2. 4.2.2 Mandating Government Regulations for Elemental Analysis of Pharmaceutical and Healthcare Products

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Personnel

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Type

      1. 5.1.1 Organic Elemental Analysis

      2. 5.1.2 Inorganic Elemental Analysis

    2. 5.2 By Technology

      1. 5.2.1 Destructive Technologies

        1. Inductively Coupled Plasma-Atomic Emission Spectroscopy (ICP-AES)

        2. Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS)

        3. Combustion Analysis

        4. Others

      2. 5.2.2 Nondestructive Technologies

        1. X-Ray Fluorescence Spectroscopy (XRF)

        2. Fourier Transform Infrared Spectroscopy (FTIR)

        3. Others

    3. 5.3 By End User

      1. 5.3.1 Pharmaceutical and Biotechnology Companies

      2. 5.3.2 Research Organizations

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Thermo Fisher Scientific, Inc.

      2. 6.1.2 PerkinElmer, Inc.

      3. 6.1.3 Shimadzu Corporation

      4. 6.1.4 Analytik Jena GmbH+Co. KG

      5. 6.1.5 Agilent Technologies, Inc.

      6. 6.1.6 Elemental Analysis, Inc.

      7. 6.1.7 Rigaku Corporation

      8. 6.1.8 Eurofins Scientific

      9. 6.1.9 Bruker

      10. 6.1.10 Verder Scientific GmbH & Co. KG (ELTRA GmbH)

      11. 6.1.11 Angstrom Advanced Inc.

      12. 6.1.12 HORIBA, Ltd

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

Elemental Analysis Industry Segmentation

Elemental analysis helps in the quantitative and qualitative identification of various elements in various areas, such as life sciences, food and beverage testing, environment testing, geology, cosmetics testing, and petroleum. Elemental analysis can be performed on a solid, liquid, or gas. The Elemental Analysis Market is segmented by Type (Organic Elemental Analysis and Inorganic Elemental Analysis), Technology (Destructive Technologies (Inductively Coupled Plasma-Atomic Emission Spectroscopy (ICP-AES), Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS), Combustion Analysis and Others) and Nondestructive Technologies (X-Ray Fluorescence Spectroscopy (XRF), Fourier Transform Infrared Spectroscopy (FTIR), and Others)), End User (Pharmaceutical and Biotechnology Companies, Research Organizations, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Type
Organic Elemental Analysis
Inorganic Elemental Analysis
By Technology
Destructive Technologies
Inductively Coupled Plasma-Atomic Emission Spectroscopy (ICP-AES)
Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS)
Combustion Analysis
Nondestructive Technologies
X-Ray Fluorescence Spectroscopy (XRF)
Fourier Transform Infrared Spectroscopy (FTIR)
By End User
Pharmaceutical and Biotechnology Companies
Research Organizations
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Elemental Analysis Market Research FAQs

The Elemental Analysis Market is projected to register a CAGR of 6.2% during the forecast period (2023-2027).

Eurofins Scientific, Agilent Technologies, Inc., Rigaku Corporation, Verder Scientific GmbH & Co. KG (ELTRA GmbH) and PerkinElmer Inc are the major companies operating in the Elemental Analysis Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2027).

In 2023, the North America accounts for the largest market share in the Elemental Analysis Market.

Elemental Analysis Industry Report

Statistics for the 2023 Elemental Analysis market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Elemental Analysis analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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