Elemental Analysis Market Trends

Statistics for the 2023 & 2024 Elemental Analysis market trends, created by Mordor Intelligence™ Industry Reports. Elemental Analysis trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Corporate License

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Market Trends of Elemental Analysis Industry

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 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)