NEW YORK , Aug. 6, 2024 /PRNewswire/ -- The global total reflection x-ray fluorescence spectrometer market size is estimated to grow by USD 1.32 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 8.09% during the forecast period. Rising focus on drug discovery and development is driving market growth, with a trend towards rising demand for TXRF spectrometers from emerging markets.
However, high cost of TXRF spectrometers poses a challenge. Key market players include AMETEK Inc., Bourevestnik jsc, Bruker Corp.
, Contech Instruments Ltd., Eurofins Scientific SE, GNR srl, Hitachi Ltd., HORIBA Ltd.
, JEOL Ltd., LANScientific Co. Ltd.
, Olympus Corp., Rayspec Ltd., Rigaku Corp.
, SciAps Inc., Shimadzu Corp., Skyray Instruments USA Inc.
, Spectris Plc, Thermo Fisher Scientific Inc., Wuxi Jinyibo Instrument Technology Co. Ltd.
, and Zhengzhou Laboao Instrument Equipment CO. LTD..
Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Key Market Trends Fueling Growth The Total Reflection X-Ray Fluorescence Spectrometer market is witnessing significant growth due to expanding Research and Development (R&D) facilities in developing economies, including China , India , South Africa , and Brazil . These countries' high economic growth rates create substantial opportunities for the laboratory equipment market. Additionally, rapidly growing process industries, such as the chemical in.