X-Ray Diffractometer (XRD) Market is expected to attain a CAGR Value Of 4.9%
The global X-ray diffractometer (XRD) market was valued at around US$ 0.4 Bn in 2017, and is expected to register a CAGR of 4.9%. The report offers in-depth insights, revenue details, and other vital information regarding the global X-ray diffractometer (XRD) market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026.
X-ray diffractometers consist of an X-ray generator, a goniometer and sample holder, and an X-ray detector such as photographic film or a movable proportional counter. X-ray tubes generate X-rays by bombarding a metal target with high-energy (10–100 keV) electrons that knock out core electrons.
Major factor driving growth of the X-ray diffractometer (XRD) market is efficiency and mobility of portable XRD analyzers. In addition, various benefits offered by X-ray powder diffraction technique such as high sensitivity, comparatively better depth profiling, and increased reliability is expected to fuel growth of the target market. In addition, operational procedure of X-ray powder diffractometer is convenient, with effective resolution and lower maintenance costs, and can be used for both qualitative and quantitative analysis in a wide range of applications.
The global X-ray diffractometer (XRD) market is segmented on the basis of product type, application, and region.
On the basis of product type segmentation, X-ray powder diffraction segment is expected to contribute major revenue share and is expected to maintain its dominance over the forecast period. Furthermore, the X-ray powder diffraction segment is expected to register highest CAGR of around 5.0%, owing to the increasing demand for X-ray powder diffraction for analysis of new molecules.
On the basis of application segmentation, the pharma segment is estimated to contribute major revenue share and is expected to maintain its dominance over the forecast period. The scientific research institutes segment is expected to register highest CAGR over 5.5%.
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The market in North America accounts for significant share in the global X-ray diffractometer (XRD) market. X-ray equipment are widely used in detection of breast cancer, dental issues, chest imaging, and orthopedic disorder. High prevalence of cancer and orthopedic disorders is expected to boost market growth over the forecast period. According to National Health and Nutrition Examination Survey (NHANES) 2017, fractures due to osteoporosis are a serious concern in the US, followed by bone deformity among the rapidly growing aging population, which in turn is expected to create a lucrative environment for growth of the X-ray equipment market over the forecast period.
Key Players are Bruker Corporation, Malvern Panalytical Ltd., Rigaku Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., Dandong Tongda Science & Technology Co Ltd, PERSEE ANALYTICS INC.