Laser-Induced Breakdown Spectroscopy Market Size, Share & Trends Analysis Report By Product (Handheld, Desktop), By Application, By Region, And Segment Forecasts, 2022 To 2030

Laser-induced breakdown spectroscopy is powerful analytical method based on atomic emission spectroscopy used in the detection and characterization of materials. Laser-induced breakdown spectroscopy (LIBS) is executed by focusing a highly energetic laser pulse on the solid, liquid or air samples to determine the concentration of major and trace elements. It also helps to records chemical fingerprints of any material. LIBS has high growth potential due to its various applications such as cancer diagnosis, detection of bio aerosols and biohazards, bacterial or viral identification and non-invasive analysis of human hair and teeth. Following are the advantages of the technique-

• Microanalysis

• Can be performed remotely and in real time

• Simple and rapid analysis

• Versatile sampling of solids, liquids or gases

• High throughput with decreased contamination

Increasing applications of LIBS in biomedical research and development activities is positively affecting the market growth. The LIBS technique can be used for quantitative analysis of variety of samples to analyze the chemical composition of biological fluids and tissues. Endogenous and exogenous metal that constitute biological tissue can be detected by this technology. LIBS can be used to detect toxic elements and excess of deficient minerals during the drug discovery. It is also used in research laboratories for routine analysis in the field of nanotechnology. Such applications are expected to boost the adoption of laser induced breakdown spectroscopy in R&D activities.

Growing adoption of LIBS for pharmaceutical and medical product development and quality control can accelerate the market growth. LIBS technique was found to be good analytical technique to quickly measure the surface and internal distribution of pharmaceutical materials such as drugs and recipient in the solid forms. The determination of distribution is necessary in pharmaceutical research development and manufacturing process for to better understand the drug formulations and at-line process monitoring. The potential of the technique to maintain the quality of the drug and its application in the development is driving the market growth.

Furthermore, technological advancements coupled with novel product launches by key players in the market are expanding the growth prospects of laser-induced breakdown spectroscopy. For instance, in March 2021, SciAps launched new generation of SciAps Z-900 series handheld LIBS analyzers with dual burn technology with software to generate custom calibrations and achieve quick material sorting and screening. In addition, Rigaku Analytical Devices lauched a novel handheld LIBS analyzer KT-500 with miniaturized, carbon-capableandhigh-resolution echelle spectrometer features known as HiRES technology. Thus, technological advancements are anticipated to fuel the market growth.              

Laser-Induced Breakdown Spectroscopy Market Segmentation

The market is segmented by product, application and region. The product segment is based on handheld and desktop LIBS analyzers. The application segment includes academic & research institutes, pharmaceutical and biotechnology companies, and others. The regional segment includes North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 

Major companies functioning in LIBS market include Hitachi High-Tech Analytical Science, SciAps, Inc., Thermo Fisher Scientific Inc., Rigaku, Bruker Corporation, Princeton Instruments, TSI Incorporated, B&W Tek, Avantes, Applied Spectra, and SECOPTA analytics GmbH, among others.