Laser-induced Breakdown Spectroscopy (LIBS) Market Analysis

Laser-induced Breakdown Spectroscopy Market Analysis

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The laser-induced breakdown spectroscopy market by product is segregated into handheld and desktop. The handheld segment garnered more than USD 150 million in revenue size in the year 2022. Handheld LIBS devices offer the advantage of mobility, allowing users to bring the analysis directly to the sample without the need for sample transportation or laboratory-based analysis.
 

Moreover, handheld LIBS devices are designed to be user-friendly and require minimal training. They offer non-destructive analysis, allowing samples to remain intact after testing. Furthermore, the handheld LIBS market is witnessing expanding applications across different industries. These devices are being utilized in several applications including elemental analysis of metals, quality control in manufacturing, environmental monitoring, agricultural soil analysis, and identification of hazardous substances.
 

Based on end-use, the LIBS market is subdivided into pharmaceuticals and biotechnology companies, academic and research institutes, and others. The pharmaceuticals and biotechnology companies segment held the largest industry share accounting for nearly 45% in 2022. The pharmaceuticals and biotechnology industries prioritize stringent quality control measures to ensure the safety and efficacy of their products. As, LIBS technology provides a fast and non-destructive method for elemental analysis, enabling real-time quality control during manufacturing processes.
 

Additionally, LIBS offers the non-invasive analysis of biological samples, making it suitable for pharmaceutical and biotech companies involved in biological research and diagnostics. As, LIBS can analyze biological tissues, cells, and fluids, providing information about elemental composition and potential biomarkers will boost the product demand for drug metabolism studies, pharmacokinetics, and bioimaging.
 

U.S. laser-induced breakdown spectroscopy market accounted for USD 108 million in revenue size in 2022. Increasing demand for LIBS technology in sectors such as pharmaceutical and biotech, defense, homeland security, and law enforcement owing to several applications such as the detection of hazardous substances, identifying unknown materials, and monitoring chemical compositions. Further, the strong presence of industry players and high investment in research and development activities to develop advanced LIBS devices with the integration of IoT and cloud technologies that allow remote data access, centralized data management, and real-time analysis.