Mass Spectrometry Market
The global Mass spectrometry (MS) market is expected to witness a CAGR of 7.27% over the forecast period of 2018-2023. The key factors propelling the growth of the market studied are –increasing technological advancement, growing concerns over food safety, and increasing R&D expenditure by pharmaceutical industry & government research organizations.
Increasing Technological Advancement
Mass spectrometry (MS) is one of the most powerful tools used for the analyses of a wide range of chemical and biological entities. Furthermore, the high demand and resulting requirements from the pharmaceutical and biotechnology industries are the main driving factors for some extraordinary recent advances in mass spectrometry technology. Advancements in mass spectroscopy technology continue to increase, both, speed and resolution factors. The discovery of new tools and software have the potential to stimulate the increased usage of mass spectroscopy across drug development, proteomics, pharmaceuticals, food safety testing, and many other fields.
There are many mass spectrometers available in the market. Several labs have more than one type of mass spectrometer, owing to their uniqueness or advantages as well as price factors associated with every type of instrument. New horizons and trends indicate a bright future for mass spectroscopy in terms of laboratory medicine. Furthermore, one of the most exciting and powerful advancements in this field is the commercialization of hybrid instruments.
Therefore, with technological advances, application of mass spectroscopy is increasing in various fields, and thus, contributing to its market growth.
Other factors increasing the market are growing concerns over food safety, increasing R&D expenditure by pharmaceutical industry & government research organizations
High Cost of Instrument
A mass spectrometer is a substantial purchase for an instrument, which can't distinguish between optical or geometrical isomers. Over the last few decades, a mass spectrometer instrument has undergone revolutionary changes. In 1990, the instrument cost hundreds of thousands of dollars, covered a lot of the lab’s floor space, could only be operated by experienced doctoral-level staff and existed primarily within core facilities. Chemists would prepare pure samples in hopes to receive a simple spectrum several days later. Although the instrument has become compact, occupying a tenth of what it used to, and has become far more time efficient with an analysis taking less than a minute and automation decreasing the level of skill and experience required to operate, the cost arising from its high specificity yet poses a major restraint on the current market.
Also, another factor restraining the market is lack of skilled technicians
North America holds the Largest Share in Mass Spectrometry Market
The trend of automation, which is the future of mass spectrometry market, is expected to drive the market in North America, a major contributor to the global physiotherapy market. North America accounts for the largest share of the market studied. This can be primarily attributed to ongoing research for soil, air and water testing, which are expected to augment the growth of the market over the forecast period.
Key Developments in the Mass Spectrometry Market
- May 2018 - Agilent Technologies Inc. has completed the acquisition of Genohm, a developer of highly differentiated, on-premise and cloud-based software solutions for laboratory management
- May 2018 - A new accessory compatible with Thermo Scientific FTIR spectrometers is designed to enable art conservationists to easily and accurately perform spectral analysis to verify the authenticity of paintings, sculptures, textiles and other large artwork
Mass Spectrometry Market Major Players
- Agilent Technologies.
- Danaher Corporation.
- Perkin Elmer Inc.
- Thermo Fisher Scientific Inc.
- Bruker Corporation Waters Corporation.
- Shimadzu Corporation.
- Leco Corporation.
- and Dani Instruments S.P.A.
Reasons to Purchase Mass Spectrometry Market Report
- Current and future global Mass spectrometry (MS) market outlook in the developed and emerging markets
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
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1.1 Market definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Mass Spectrometry Market Overview
5.1 Current market scenario
5.2 Porter's five forces analysis
5.2.1 Bargaining power of suppliers
5.2.2 Bargaining power of consumers
5.2.3 Threat of new entrants
5.2.4 Threat of substitute product and services
5.2.5 Degree of competition
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Mass Spectrometry (MS) Market Drivers
6.1.1 Increasing Technological Advancement
6.1.2 Growing Concerns Over Food Safety
6.1.3 Increasing R&D Expenditure By Pharmaceutical Industry & Government Research Organizations
6.2 Mass Spectrometry (MS) Market Restraints
6.2.1 High Cost Of Instrument
6.2.2 Lack Of Skilled Technicians
6.3 Mass Spectrometry (MS) Market Opportunities
6.4 Mass Spectrometry (MS) Market Key challenges
7. Mass Spectrometry Market Segmentation
7.1 Mass Spectrometry (MS) Market By Mass Spectrometry Type
7.1.1 Liquid Chromatography Mass Spectrometry
7.1.2 Tandem Mass Spectrometry
7.1.3 Matrix-Assisted Laser Desorption Ionization - (Maldi) Time-Of-Flight
7.1.4 Gas Chromatography Ms
7.1.5 Time-Of-Flight Liquid Chromatography Mass Spectrometry
7.1.6 Fourier Transform Mass Spectrometry
7.1.7 Ion Mobility Mass Spectrometry
7.2 Mass Spectrometry (MS) Market By Application
7.2.1 Pharmaceuticals Industry
7.2.2 Biotechnology Industry
7.2.3 Chemical Industry
7.2.4 Environmental Testing
7.2.5 Food & Beverage Testing
7.3 Mass Spectrometry (MS) Market By Geography
7.3.1 North America Mass Spectrometry Market Size (2018-2023)
22.214.171.124 United States Mass Spectrometry Market Size (2018-2023)
126.96.36.199 Canada Mass Spectrometry Market Size (2018-2023)
188.8.131.52 Mexico Mass Spectrometry Market Size (2018-2023)
7.3.2 Europe Mass Spectrometry Market Size (2018-2023)
184.108.40.206 Germany Mass Spectrometry Market Size (2018-2023)
220.127.116.11 France Mass Spectrometry Market Size (2018-2023)
18.104.22.168 United kingdom Mass Spectrometry Market Size (2018-2023)
22.214.171.124 Italy Mass Spectrometry Market Size (2018-2023)
126.96.36.199 Spain Mass Spectrometry Market Size (2018-2023)
188.8.131.52 Rest of Europe
7.3.3 Asia-Pacific Mass Spectrometry Market Size (2018-2023)
184.108.40.206 China Mass Spectrometry Market Size (2018-2023)
220.127.116.11 Japan Mass Spectrometry Market Size (2018-2023)
18.104.22.168 India Mass Spectrometry Market Size (2018-2023)
22.214.171.124 Australia Mass Spectrometry Market Size (2018-2023)
126.96.36.199 South Korea Mass Spectrometry Market Size (2018-2023)
188.8.131.52 Rest of Asia-pacific
7.3.4 Middle East & Africa Mass Spectrometry Market Size (2018-2023)
184.108.40.206 GCC Mass Spectrometry Market Size (2018-2023)
220.127.116.11 South Africa Mass Spectrometry Market Size (2018-2023)
18.104.22.168 Rest of Middle East & Africa
7.3.5 South America Mass Spectrometry Market Size (2018-2023)
22.214.171.124 Brazil Mass Spectrometry Market Size (2018-2023)
126.96.36.199 Argentina Mass Spectrometry Market Size (2018-2023)
188.8.131.52 Rest of South America
8. Mass Spectrometry (MS) Market Competitive Landscape
8.1 Mergers & acquisition analysis
8.2 Agreements, collaborations, and partnerships
8.3 New products launches
9. Mass Spectrometry (MS) Market Key Players
9.1 Agilent technologies
9.2 Bruker corporation
9.3 Danaher corporation
9.4 Dani instruments s.p.a
9.5 Leco corporation,
9.6 Perkin elmer inc.
9.7 Shimadzu corporation
9.8 Thermo fisher scientific inc.
9.9 Waters corporation
**List Not Exhaustive
10. Mass Spectrometry (MS) Market Future Outlook