Mass Spectrometry Market - Trends Forecast Till 2028

Mass Spectrometry Market – Trends Forecast Till 2028

The Mass Spectrometry Market size is projected to reach a CAGR of 7.5% from 2021 to 2028.

Mass spectrometry provides increased sensitivity over other analytical systems, owing to reduced background intrusion and superior specificity from characteristic fragmentation patterns to detect unknown compounds. In addition, it can also identify existence of suspected compound and data regarding molecular weight of the compound in the mixture, and provide data about isotopic abundance of elements and chemical data determined for a short term.

Increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety, growing focus on the quality of food products, increase in crude and shale gas production, and growing government initiatives for pollution control and environmental testing are some of the factors that have supported long-term expansion for Mass Spectrometry Market.

The COVID-19 outbreak has impacted the global mass spectrometry market positively. There has been a high demand for multiple spectrometers from the biotechnology and pharmaceutical industries due to the COVID-19 driving market.

North America is estimated to be the largest market for mass spectrometry during the forecast period. The mass spectrometry market in North America is driven primarily by factors such as the growing funding for research and government initiatives in the US, widespread usage of mass spectrometry in the metabolomics and petroleum sector, and CFI funding towards mass spectrometry projects in Canada.

Mass Spectrometry Market is segmented into technology, application, end users and region.

On the basis of Technology

• Hybrid Mass Spectrometry
• Single Mass Spectrometry
• Other technologies

On the basis of Application

• Life Science Research
• Drug Discovery
• Environmental Testing
• Food Testing
• Applied Industries
• Clinical Diagnostics

On the basis of End-Users  

• Pharmaceutical Industry
• Biotechnology Industry
• Research & Academic Institutes
• Environmental Testing Industry
• Food & Beverage Testing Industry
• Petrochemical Industry
• Other End Users

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

Key Players

• Agilent Technologies, Inc.
• Danaher Corporation
• Waters Corporation
• Bruker Corporation
• Thermo Fisher Scientific, Inc.
• Perkinelmer, Inc.
• Shimadzu Corporation.
• Kore Technologies, Ltd.
• Hiden Analytical
• Leco Corporation

Recent Developments

• In 2020, Shimadzu expanded its operation by establishing its branch office in Copenhagen, Denmark. This expansion focuses on providing its full range of analytical instrumentation solutions in the region.
• In 2019, Agilent Technologies partnered with MOBILion Systems for ion mobility separation technology on its Q-TOF mass spectrometers.

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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope