The global X-ray photoelectron spectroscopy market growth will be driven by the increasing application of XPS systems in medical research and drug safety.
The global X-ray photoelectron spectroscopy market growth will be driven by the increasing application of XPS systems in medical research and drug safety. As per the National Cancer Institute estimations, the number of new cancer cases was expected to reach more than 1,806,590 in the U.S alone in 2020. The rising occurrence of cancer and other chronic conditions globally will boost the demand for XPS systems, which play a crucial role in the discovery of new therapies and solutions.
XPS technology offers a structured surface characterization of artificial ligaments during surgical procedures in patients with bone disorders. Researchers and scientists are relying on technologically advanced XPS systems for the discovery of novel drugs and therapeutic solutions.
According to the Global Market Insights, Inc., estimation, X-ray photoelectron spectroscopy market size will surpass US$820 million by 2024. Described below are some key trends strengthening the industry outlook.
Growing use of XPS empirical formula determination
XPS technique is commonly utilized in depth profiling and elemental detection for determining the empirical formula of chemical organic compounds. Professionals working in laboratories extensively utilize XPS in empirical formulae determination which further aids in the development of a new array of novel drugs for various chronic diseases. Notably, the empirical formula determination segment will grow at a CAGR of 5.8% up to 2024.
Increasing adoption across hospitals
The healthcare application segment held a significant revenue share of over 31.8% in 2017 and is expected to dominate XPS industry trends in the future. This can be attributed to growing application scope of the technique in healthcare for the characterization of nanoparticles which could help in treating cancer.
For example, technologically advanced XPS systems can characterize graphene to develop targeted cancer therapies that ensure effective drug delivery. The increasing number of cancer cases globally will fuel the adoption of XPS systems across hospitals.
To access sample pages of this report titled, “X-ray Photoelectron Spectroscopy Market Size By Usage (Contamination Detection, Element Detection, Empirical Formula Determination, Density Estimation), By Application (Healthcare, Semiconductors, Electronics, Aerospace, Automotive), By Light Source Type (Monochromatic, Non-Monochromatic) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/431
Demand for monochromatic XPS systems
Reportedly, the monochromatic X-ray photoelectron spectroscopy market size in 2017 was valued at US$427.7 million. A monochromatic light source is made up of high-voltage xenon gas tubes that produce signals resulting in a precise analysis of surfaces. The utilization of monochromatic light in the analysis of organic and biological compounds helps in determining accurate results.
Monochromatic XPS systems are witnessing widespread utilization in research and development activities. The growing application of monochromatic light in the medical sector will boost the technology adoption.
High adoption of XPS technology in Germany
Germany X-ray photoelectron spectroscopy market size will record a CAGR of approximately 5.8% up to 2024. The regional industry expansion will be driven by the high adoption rate of technologically advanced XPS systems for the treatment of cancer and other chronic ailments.
A team of scientists in Berlin had recently managed to develop an anti-cancer therapy that uses characterized nano particles. Iron oxide nanoparticles are precisely characterized and utilized in the treatment to eliminate malignant cells. Increasing utilization of XPS technique in the characterization of nano particle will augment the industry expansion in the region.
Leading companies in the global X-ray photoelectron spectroscopy market include Yokogawa, Kett, Kratos Analytical, JEOL, Thermo Fisher Scientific, Mitsubishi Electric, V G Scienta, Intertek, and Evans Analytical Group.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com