X-Ray Diffractometer (XRD) Market is Estimated to Show a Robust Growth Represented by a CAGR of 4.9%
X-ray diffractometer (XRD) market expressed US$ 0.4 Bn in 2017 with the CAGR of 4.90%, thus growth period of this market can be stated as from 2018-2027. According to a latest study report published by the MarketResearch.Biz, the global X-ray diffractometer (XRD) market is booming and expected to gain eminence over the forecast period. The market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a prominent CAGR during the anticipated period (2018 – 2027).
“Global X-ray diffractometer (XRD) Market by Segmentation, Revenue, Growth Ratio, Manufacturers, Regions Forecast to 2026″ Projected to Grow Radiantly By 2027
X-ray diffractometer (XRD) is an analytical technique which provides detailed information about crystalline compounds, including identification and quantification of crystalline phases. 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.
Powder X-ray diffraction technique can be used as a complementary to electron diffraction for phase identification and structure solution in physics, chemistry, and materials science. Complementary use of XRF and XRD for analysis of geological minerals is other factor expected to augment growth of market over the forecast period. For instance, in a typical crystalline sample, XRF might measure the total Ca concentration or the total Fe concentration. XRD permits analysis of the phases or compounds in crystalline materials such as rocks, minerals, and oxide materials. So in the same sample, XRD takes the analysis a stage further and gives information about CaO, CaCO3 , Ca(OH)2 contents and other Ca phases or the levels of Fe phases, such as FeO, Fe2 O3 , Fe3 O4 , Fe3 C, and other Fe phases. Therefore, combining the results of both XRF and XRD techniques allows for a better and more complete characterization of any given crystalline sample.
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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Bruker Corporation, Malvern Panalytical Ltd., Rigaku Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., Dandong Tongda Science & Technology Co Ltd, PERSEE ANALYTICS INC..
The Global Biosurgery Market has been segmented as below:
Segmentation on the basis of product type: X-ray powder diffraction, Single-crystal XRD. 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.
Segmentation on the basis of application: Pharma, Biotech, Scientific research Institutes, Others. 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%.
Increasing demand for XRD from pharmaceutical sector for new drug development, manufacturing, and quality control is a major factor driving growth of the X-ray diffraction (XRD) market. Powder X-ray diffraction technique can be used as a complementary to electron diffraction for phase identification and structure solution in chemistry, physics, and materials science which in turn is expected to support growth of the market over the forecast period.
Regional study struggling in the X-ray diffractometer (XRD) market includes Europe (Germany, France, Russia, UK, and Italy)X-ray diffractometer (XRD) market, North America X-ray diffractometer (XRD) market (Canada, Mexico, and the USA), South America (Argentina and Brazil), X-ray diffractometer (XRD) market in Asia-Pacific (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia, and Japan), The Middle East and Africa (South Africa, Saudi Arabia, Egypt and Nigeria) X-ray diffractometer (XRD) market respectively.
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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.