
Global Mass Spectrometry Market Size, Trends and Growth opportunity, By Technology (Hybrid Mass Spectrometry, Single Mass Spectrometry, and Other Mass Spectrometry), By Application (Pharmaceutical, Biotechnology, Security, Industrial Chemistry, Environmen
Description
Global Mass Spectrometry Market Size, Trends and Growth opportunity, By Technology (Hybrid Mass Spectrometry, Single Mass Spectrometry, and Other Mass Spectrometry), By Application (Pharmaceutical, Biotechnology, Security, Industrial Chemistry, Environmental Testing, Food & Beverage Testing, Forensic, Clinical and Other Applications), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Mass Spectrometry Market
Global Mass Spectrometry Market was valued at USD 4.81 billion in 2021 and is expected to reach USD 8.65 billion by 2027, at a CAGR 9.13% from 2022-2027.
Mass Spectrometry provides increased sensitivity over another analytical system, owing to decreased background intrusion & superior specificity from characteristic fragmentation patterns to detect unknown compounds. Additionally, it identifies existence of suspected compound & data regarding molecular weight of the compound in the mixture, and provide information about isotopic abundance of elements and chemical data determined for a short period.
Mass spectrometry is also useful in analytical method to characterize large biomolecules, for example; DNA & proteins, and omics-related studies.
Market Drivers
Increasing technological advancements is the key driving factor which is projected to boost the global mass spectrometry market growth. Also, rising R&D investments by pharmaceutical and biotechnological companies as well as government initiatives is expected to boost the market growth during this forecast period 2027.
Furthermore, environmental testing for pollution management had become important, which is boosting market growth. The increasing use of mass spectrometry to detect toxins, microbes, pathogens & chemicals in order to ensure food quality & safety is boosting mass spectrometry market expansion.
Market Restraints
High cost of instrument is the major restraining factor which is expected to obstruct the global mass spectrometry market growth. As cost of a spectrometer influences end users' purchase decisions. Also, lack of skilled professionals is expected to hinder the global mass spectrometry market.
Market Segmentation
The Global Mass Spectrometry Market is segmented into; technology, application, and region.
Based on the technology, the mass spectrometry market is segmented into hybrid mass spectrometry, single mass spectrometry, and other technologies.
Regional Analysis
The Global Mass Spectrometry Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the mass spectrometry market because of the existence of developed technologies. Additionally, favourable government funding programs for research studies which uses mass spectroscopy shall flourish the market’s growth rate in this region.
The Asia-Pacific region is expected to grow during the forecast period because of the growing use of mass spectroscopy in food testing processes & pharmaceutical industries.
Market Key Players
Various key players are discussed into the Global Mass Spectrometry Market Report including: Thermo Fischer Scientific, Sciex, Agilent Technologies, Waters Corporation, Shimadzu Corporation, Bruker, Perkinelmer, Jeol, Flir Systems, Danaher, and Others.
For instance, in June 2020, Agilent Technologies had introduced its new Mass Spectrometry products to market such as Agilent 6470B Triple Quadrupole LC/MS (6470 LC/TQ) system, and the Agilent Rapid-fire 400 system. These products delivered faster detection of target compounds and reduced time to generate results.
Market Taxonomy
By Technology
Global Mass Spectrometry Market
Global Mass Spectrometry Market was valued at USD 4.81 billion in 2021 and is expected to reach USD 8.65 billion by 2027, at a CAGR 9.13% from 2022-2027.
Mass Spectrometry provides increased sensitivity over another analytical system, owing to decreased background intrusion & superior specificity from characteristic fragmentation patterns to detect unknown compounds. Additionally, it identifies existence of suspected compound & data regarding molecular weight of the compound in the mixture, and provide information about isotopic abundance of elements and chemical data determined for a short period.
Mass spectrometry is also useful in analytical method to characterize large biomolecules, for example; DNA & proteins, and omics-related studies.
Market Drivers
Increasing technological advancements is the key driving factor which is projected to boost the global mass spectrometry market growth. Also, rising R&D investments by pharmaceutical and biotechnological companies as well as government initiatives is expected to boost the market growth during this forecast period 2027.
Furthermore, environmental testing for pollution management had become important, which is boosting market growth. The increasing use of mass spectrometry to detect toxins, microbes, pathogens & chemicals in order to ensure food quality & safety is boosting mass spectrometry market expansion.
Market Restraints
High cost of instrument is the major restraining factor which is expected to obstruct the global mass spectrometry market growth. As cost of a spectrometer influences end users' purchase decisions. Also, lack of skilled professionals is expected to hinder the global mass spectrometry market.
Market Segmentation
The Global Mass Spectrometry Market is segmented into; technology, application, and region.
Based on the technology, the mass spectrometry market is segmented into hybrid mass spectrometry, single mass spectrometry, and other technologies.
Regional Analysis
The Global Mass Spectrometry Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the mass spectrometry market because of the existence of developed technologies. Additionally, favourable government funding programs for research studies which uses mass spectroscopy shall flourish the market’s growth rate in this region.
The Asia-Pacific region is expected to grow during the forecast period because of the growing use of mass spectroscopy in food testing processes & pharmaceutical industries.
Market Key Players
Various key players are discussed into the Global Mass Spectrometry Market Report including: Thermo Fischer Scientific, Sciex, Agilent Technologies, Waters Corporation, Shimadzu Corporation, Bruker, Perkinelmer, Jeol, Flir Systems, Danaher, and Others.
For instance, in June 2020, Agilent Technologies had introduced its new Mass Spectrometry products to market such as Agilent 6470B Triple Quadrupole LC/MS (6470 LC/TQ) system, and the Agilent Rapid-fire 400 system. These products delivered faster detection of target compounds and reduced time to generate results.
Market Taxonomy
By Technology
- Hybrid Mass Spectrometry
- Single Mass Spectrometry
- Others
- Biotechnology
- Pharmaceutical
- Industrial Chemistry
- Environmental Testing
- Food & Beverage Testing
- Other
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
123 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Mass Spectrometry Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Mass Spectrometry Market
- 5.1 Y-o-Y Growth Comparison, By Technology
- 5.2 Global Mass Spectrometry Market Share Analysis, By Technology
- 5.3 Global Mass Spectrometry Market Size and Forecast, By Technology
- 5.3.1 Hybrid Mass Spectrometry
- 5.3.2 Single Mass Spectrometry
- 5.3.3 Others
- 6 Global Mass Spectrometry Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Mass Spectrometry Market Share Analysis, By Application
- 6.3 Global Mass Spectrometry Market Size and Forecast, By Application
- 6.3.1 Biotechnology
- 6.3.2 Pharmaceutical
- 6.3.3 Industrial Chemistry
- 6.3.4 Environmental Testing
- 6.3.5 Food & Beverage Testing
- 6.3.6 Others
- 7 Global Mass Spectrometry Market, By Region
- 7.1 Global Mass Spectrometry Market Share Analysis, By Region
- 7.2 Global Mass Spectrometry Market Share Analysis, By Region
- 7.3 Global Mass Spectrometry Market Size and Forecast, By Region
- 8 North America Mass Spectrometry Market Analysis and Forecast (2022 – 2027)
- 8.1 Introduction
- 8.2 North America Mass Spectrometry Market Share Analysis, By Technology
- 8.3 North America Mass Spectrometry Market Size and Forecast, By Application
- 8.4 North America Mass Spectrometry Market Size and Forecast, By Country
- 8.4.1 U. S
- 8.4.2 Canada
- 8.4.3 Mexico
- 9 Europe Mass Spectrometry Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 Europe Mass Spectrometry Market Share Analysis, By Technology
- 9.3 Europe Mass Spectrometry Market Size and Forecast, By Application
- 9.4 Europe Mass Spectrometry Market Size and Forecast, By Country
- 9.4.1 Germany
- 9.4.2 France
- 9.4.3 UK
- 9.4.4 Rest of Europe
- 10 Asia Pacific Mass Spectrometry Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Asia Pacific Mass Spectrometry Market Share Analysis, By Technology
- 10.3 Asia Pacific Mass Spectrometry Market Size and Forecast, By Application
- 10.4 Asia Pacific Mass Spectrometry Market Size and Forecast, By Country
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 Rest of Asia Pacific
- 11 Latin America Mass Spectrometry Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Latin America Mass Spectrometry Market Share Analysis, By Technology
- 11.3 Latin America Mass Spectrometry Market Size and Forecast, By Application
- 11.4 Latin America Mass Spectrometry Market Size and Forecast, By Country
- 11.4.1 Brazil
- 11.4.2 Rest of Latin America
- 12 Middle East Mass Spectrometry Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Middle East Mass Spectrometry Market Share Analysis, By Technology
- 12.3 Middle East Mass Spectrometry Market Size and Forecast, By Application
- 12.4 Middle East Mass Spectrometry Market Size and Forecast, By Country
- 12.4.1 Saudi Arabia
- 12.4.2 UAE
- 12.4.3 Egypt
- 12.4.4 Kuwait
- 12.4.5 South Africa
- 13 Competitive Analysis
- 13.1 Competition Dashboard
- 13.2 Market share Analysis of Top Vendors
- 13.3 Key Development Strategies
- 14 Company Profiles
- 14.1 Thermo Fischer Scientific
- 14.1.1 Overview
- 14.1.2 Offerings
- 14.1.3 Key Financials
- 14.1.4 Business Segment & Geographic Overview
- 14.1.5 Key Market Developments
- 14.1.6 Key Strategies
- 14.2 Sciex
- 14.2.1 Overview
- 14.2.2 Offerings
- 14.2.3 Key Financials
- 14.2.4 Business Segment & Geographic Overview
- 14.2.5 Key Market Developments
- 14.2.6 Key Strategies
- 14.3 Agilent Technologies
- 14.3.1 Overview
- 14.3.2 Offerings
- 14.3.3 Key Financials
- 14.3.4 Business Segment & Geographic Overview
- 14.3.5 Key Market Developments
- 14.3.6 Key Strategies
- 14.4 Waters Corporation
- 14.4.1 Overview
- 14.4.2 Offerings
- 14.4.3 Key Financials
- 14.4.4 Business Segment & Geographic Overview
- 14.4.5 Key Market Developments
- 14.4.6 Key Strategies
- 14.5 Shimadzu Corporation
- 14.5.1 Overview
- 14.5.2 Offerings
- 14.5.3 Key Financials
- 14.5.4 Business Segment & Geographic Overview
- 14.5.5 Key Market Developments
- 14.5.6 Key Strategies
- 14.6 Bruker
- 14.6.1 Overview
- 14.6.2 Offerings
- 14.6.3 Key Financials
- 14.6.4 Business Segment & Geographic Overview
- 14.6.5 Key Market Developments
- 14.6.6 Key Strategies
- 14.7 Perkinelmer
- 14.7.1 Overview
- 14.7.2 Offerings
- 14.7.3 Key Financials
- 14.7.4 Business Segment & Geographic Overview
- 14.7.5 Key Market Developments
- 14.7.6 Key Strategies
- 14.8 Jeol
- 14.8.1 Overview
- 14.8.2 Offerings
- 14.8.3 Key Financials
- 14.8.4 Business Segment & Geographic Overview
- 14.8.5 Key Market Developments
- 14.8.6 Key Strategies
- 14.9 Flir Systems
- 14.9.1 Overview
- 14.9.2 Offerings
- 14.9.3 Key Financials
- 14.9.4 Business Segment & Geographic Overview
- 14.9.5 Key Market Developments
- 14.9.6 Key Strategies
- 14.10 Danaher
- 14.10.1 Overview
- 14.10.2 Offerings
- 14.10.3 Key Financials
- 14.10.4 Business Segment & Geographic Overview
- 14.10.5 Key Market Developments
- 14.10.6 Key Strategies
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