X-ray Photoelectron Spectroscopy market is estimated to be valued at USD 730.7 Million in 2021 and is poised to grow at a significant CAGR of 7.4% over 2022-2028. Nanoparticles are extensively characterized using X-ray photoelectron spectroscopy devices. Globally, the market is one of the most rapidly developing and widely accepted areas. These technologies' precise element detection will open enormous growth prospects. Various governments’ support is taking steps to raise awareness about the degree of contamination in pharmaceuticals and their formulations, as well as research and development and chemical examination. For instance, the National Institute of Standards and Technology (NIST), the Technical University of Munich (Germany), and ELETTRA (Italy) have all recommended that XPS be used more frequently than other traditional methodologies due to its ease of use. Favourable reimbursement rules and greater government spending on healthcare infrastructure in many countries will benefit the business. The presence of experts and the training provided to healthcare practitioners to operate the equipment will be an important factor in the industry’s growth.

Recent Market Developments:

In May 2021, Thermo Fisher launched new XPS system for surface analysis. The Nexsa G2 features major software and hardware enhancements that enable researchers to gain a deeper understanding of surface chemistry. In comparison to the prior Nexsa model, it also offers the opportunity for product advances through increased sample throughput and correlative analysis. In April 2015, JE0L has finished developing a new XPS system with a user-friendly interface and increased operability. JEOL's earnings will increase because of the introduction of such new technologically sophisticated XPS systems.