X-ray Photoelectron Spectroscopy Market Size

X-ray Photoelectron Spectroscopy Market Size

X-ray Photoelectron Spectroscopy Market size was valued at USD 540.0 million in 2017 and is expected to witness 6.2% CAGR from 2018 to 2024./p>

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Growing applications of XPS technology in medical field will ensure high industry growth during the forecast timeframe. XPS technique is typically utilized in plasma treatment of medical textiles. Plasma treatments include repairing the damages caused to tissues during a surgery or injury. Implantation of artificial meshes require improvement in surface properties that is carried out by upgraded XPS technology. Upgraded XPS technology is utilized in implantation of meshes that improves the surface quality. XPS improves the quality of implantation material and also reduces chances of surgical site infections that ensures high adoption rate of XPS. Moreover, XPS systems are also preferred in research and development activities for drug discovery that requires surface analysis of chemical synthetic and biological compounds causing a proportional increase in demand for XPS systems boosting the XPS market growth./p>

Extensive use of XPS devices for manufacturing commercial products will augment the industry growth in near future. X-ray photoelectron spectroscopy devices are used in characterization of nano particles. These nano particles are analyzed for stability, environmental effects and functional behaviors. Accurate and efficient element detection carried out by technologically advanced systems will ensure high demand for XPS in forthcoming years. For instance, surface refinement properties and electronic properties of graphene layers are obtained by utilizing upgraded XPS devices. Refined quality graphene Nano-particles have industrial applications that proves beneficial for the industry growth. However, high capital requirement for manufacturing XPS devices may restrain the growth to some extent.