X-ray Photoelectron Spectroscopy Market Size, Share & Trends Analysis Report By Usage (Element Detection) By Application (Healthcare) And Segment Forecasts, 2012 - 2022

Industry Insights

The global X-ray Photoelectron Spectroscopy market size was valued at USD 496.04 million in 2016 and is expected to witness a CAGR of 6.22% over the forecast period. Increasing global demand for medical research, pure and safe drugs, minimal medication error, and technological advancements are some of the key drivers of the XPS market.

In addition, government initiatives and support in order to create awareness regarding contamination level in drugs & formulations, R&D, and chemical analysis are expected to fuel the growth of the XPS market.

The National Institute of Standards & Technology (NIST), Technical University of Munich (Germany), and ELETTRA (Italy) through their studies have favored enhanced usage of XPS compared to other conventional approaches owning to its ease of use.

Drug Enforcement Agency (DEA), the Agency for Health Care Research and Quality (AHRQ), the Centers for Disease Control and Prevention (CDC) and the FDA emphasize on drug safety and provide for limits of contaminants and other chemicals in various raw materials and formulations which is identified using XPS.

Technological advancement including HAXPES (Hard X-ray photoelectron spectroscopy) and hyphenated techniques is expected to further enhance growth opportunities. The Hyphenated techniques help solve complex analytical issues and improve the applicability of the XPS system.

A few available hyphenated techniques are GC-MS, LC-MS, and LC_NMR. Global growth in the application of XPS across various industries, technological advancement in R&D, and government initiatives are the high impact rendering drivers for the industry.

High initial cost of set up is likely to work as a barrier for entry to new firms. The market for XPS is expected to be oligopolistic in nature, where few dominant players are expected to rule the market with strong price interdependence.

This situation may lead to increase in the overall cost of the procedure and is anticipated to contract the growth of this market over the forecast period. The emerging nations are anticipated to face further setback owing to additional cost for importing XPS devices.

Usage Insights

Usage segments of the XPS market include element detection, contamination detection, density estimation, and empirical formula determination. The element detection market witnessed the highest share in 2014 and is expected to show significant growth during the forecast period owing to diverse applicability. Element detection by XPS detects more than 6,000 binary systems using Magnesium and Aluminum.

Contamination detection accounts for the second position in terms of market share. The contamination detection by XPS is possible for organic as well as inorganic contaminants. Surface analysis of glasses, composite metals, gases, and strongly absorbed liquids are possible by XPS application. The global increase in demand for systems and technologies providing accurate results are further expected to boost the growth of this market.

Application Insights

The key segments analyzed in this study include healthcare, semiconductors, electronics, aerospace, and automotive. The healthcare market applications include studying proteins and peptides, cell/bacteria/tissue analysis, characterization of chemicals, and antibody immobilization. In the Electronics market, XPS is applied for composition analysis and characterization. In the aerospace, automotive and packaging market applications include surface film analysis.

The healthcare segment is expected to dominate the market during the forecast period. This is attributed to stringent regulatory authority requirements for minimal medication errors and permissible level of contaminants in healthcare products. Rising healthcare spending by individuals and technological advancement such as hyphenated techniques are augmenting the growth of this segment.

Regional Insights

North America dominated the XPS market globally and is expected to retain its dominance over the forecast period. Increasing application of XPS for drug safety and medical research, rising popularity of hyphenated technology, ongoing technological advancements and growing demand for spectroscopy in industrial and environmental industries are anticipated to fuel the growth of this market over the forecast period.

In addition, favorable reimbursement frameworks are further likely to contribute to market growth over the forecast period. Furthermore, the global XPS market is anticipated to witness higher adoption rate by medical practitioners due to wide array of applications and most common surface analysis technique. The European X-ray photoelectron spectroscopy market is also expected to retain its share over the forecast period owing to rising demand for spectroscopy in industrial and environmental industries, supportive reimbursement structure, and rising popularity of hyphenated technologies.

The Asia Pacific XPS market is expected to grow at the fastest CAGR over the forecast period owing to the large presence of untapped opportunities in the emerging markets of India and China and constantly improving healthcare infrastructure in these markets.

X-ray Photoelectron Spectroscopy Market Share Insights

Key market players of X-ray photoelectron spectroscopy are Thermo Fisher Scientific, Kratos Analytical, Evan Analytical Group (EAG), Intertek, V G Scienta, Yokogawa, Kett, and Mitsubishi Electric.

The market players engage in strategic collaborations in order to gain share and maintain sustainability. For instance, Thermo Fisher Scientific enhanced its XPS instrument enabling cost-effective surface analysis in 2014.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels as well as provides an analysis of the latest trends and opportunities in each of the sub-segments from 2012 to 2022. For the purpose of this study, Grand View Research has segmented the global X-ray photoelectron spectroscopy market report on the basis of usage, application, and region:

• Usage Type Outlook (Revenue, USD Million, 2012 - 2022)

  • Element Detection

  • Contamination Detection

  • Density Estimation

  • Empirical formula Determination

•  Application Type Outlook (Revenue, USD Million, 2012 - 2022)

  • Healthcare

  • Semiconductors

  • Electronics

  • Aerospace

  • Automotive

  • Others

• Regional Outlook (Revenue, USD Million, 2012 - 2022)

  • North America

    •  The U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia