Categories
News World

Global mass spectrometer market size was valued at USD 5,512.2 Million in 2018 and is Projected to Reach USD 10,044.7 Million by 2026, Exhibiting a CAGR of 7.8% from 2019 to 2026.

Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Mass Spectrometer market.

Trusted Business Insights presents an updated and Latest Study on Mass Spectrometer Market 2019-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Mass Spectrometer market during the forecast period (2019-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

Get Sample Copy of this Report @ Mass Spectrometer Market Size, Share and Industry Analysis By Product (Hybrid, Single), By End-user (Biopharmaceutical and Pharmaceutical Companies, Research Institutes & Government Organization, Hospitals & Diagnostic Centers, Others (Environmental testing, food, and chemical testing)) and Regional Forecast, 2020 – 2029 (Includes COVID-19 Business Impact)

The global mass spectrometer market size was valued at USD 5,512.2 Million in 2018 and is Projected to Reach USD 10,044.7 Million by 2026, Exhibiting a CAGR of 7.8% from 2019 to 2026.

We have updated Mass Spectrometer Market with respect to COVID-19 Impact.
Inquire before buying

The mass spectrometer is an analytical technique used to quantitate the mass of a particular molecule and involves the incorporation of instruments like chromatography and mass spectrometer. Generally, the initial separation of the analyst is carried out using methods like chromatography to help in the resolution of the analysis.

The mass spectrometer is one of the most precise instruments that can measure the molecular weight of an analyst, and this factor is one of the major reason for the increase in adoption of the equipment. In June 2019, 1st Detect Corporation announced the launch of TRACER 1000, a desktop mass spectrometer explosives trace detector (MS-ETD). The rising focus in research and development of new therapeutic molecules has increased the dependency on accurate analytical experiments leading to an increased preference towards equipment like mass spectrometer. Additionally, the wide product offerings from major players have facilitated the consumer to choose particular mass spectrometer based on the accuracy requirement.

“”Technological advancements that offer higher resolution in analytical procedures are projected to benefit the mass spectrometer market growth””

The recent product launches by major players are projected to fuel the global mass spectrometry market growth. For instance, SCIEX announced the launch of two mass spectrometer products, Citrine Triple Quad MS/MS and Citrine QTRAP MS/MS specifically designed for clinical diagnostics. Technological advancements that offer higher resolution and improved throughput are projected to benefit the  market growth favorably during the forecast period. Additionally, the miniaturization of the mass spectrometer has considered resulting in the higher adoption of the equipment. These factors are anticipated to be most beneficial for the growth of the global market in the research and government institutions. The hybrid mass spectrometer is estimated to be the largest segment in the mass spectrometer market share in 2018.

Market Segmentation

The biopharmaceutical and pharmaceutical companies segment anticipated to be the fastest growing among the end user type during the forecast period. The higher adoption of the hybrid mass spectrometer in biopharmaceutical and pharmaceutical companies is expected to be the cause for faster growth of the segment during the forecast period.

Regional Analysis

“”The strong presence of major players and high investment in technological innovations has lead North America to dominate the global market””

North America generated revenue of USD 2,126.7 Million in 2018 and is anticipated to emerge dominant in the market during the forecast period. There is an increasing demand for high resolution and precise mass spectrometers in research institutes and pharmaceutical industries in the North American market. Additionally, the robust presence of key market players in the U.S. is anticipated to aid the mass spectrometer market growth in this region.
North America Mass Spectrometer Market Size, 2018

The increase in research funding in countries of Europe are projected to drive the market growth. In the Asia Pacific, the evolving and growing economy is projected to increase the demand for mass spectrometer analysis. Combined with this, the increase in the number of pharmaceutical companies in these regions is expected to support higher CAGR of market during the forecast period. The mass spectrometer market trends is developing in the untapped and emerging countries of Latin America and the Middle East and Africa, which is projected to support the market growth during the forecast period.
Key Market Drivers

“”Shimadzu, Agilent, and Waters account for considerable market share in terms of revenue””
The current global mass spectrometer is consolidated owing to the strong portfolio and diverse product offerings by major players in the mass spectrometer product space. Shimadzu, Agilent, Waters, and SCIEX are some of the major players in the mass spectrometer market. A well-established brand presence and a strong distribution channel have been instrumental in the success of these players in the market. Other market players include JEOL USA, Thermo Scientific, Perkin Elmer, among others.

List of Companies Profiled

Report Coverage

An increasing number of new approvals and launches for products in tandem quadrupole and orbitrap are factors leading to increasing demand for new and advanced mass spectrometer products in the global market. Players are focusing on R&D to innovate their product offerings with improved analytical efficiency. This is projected to lead to an increasing number of new products entering the mass spectrometer during the forecast period. However, comparatively higher installation costs and maintenance of the mass spectrometer are one major factor projected to restrain the adoption of these products in emerging countries.

The global mass spectrometry market report provides qualitative and quantitative insights on mass spectrometer industry trends and detailed analysis of the market size & growth rate for all possible segments in the market. The market segments include product type and end user. Based on product type, this market segments include hybrid mass spectrometer (Tandem Quadrupole, Quadrupole TOF, FTMS) and single mass spectrometer (Single

Quadrupole, TOF, Ion Trap). Based on end-user, the mass spectrometer market segments include biopharmaceutical and pharmaceutical companies, research institutes and government organizations, hospitals and diagnostic centers, and others like environmental testing, food, and chemical testing. Geographically, the market is segmented into four major regions, which are North America, Europe, Asia Pacific, and Rest of World. The regions are further categorized into countries.

Along with this, the mass spectrometer market report analysis comprises of market dynamics and competitive landscape. Additionally, the report offers insights on the technological advancements in a mass spectrometer, recent industry developments such as partnerships, mergers & acquisitions, new product launches, the regulatory framework by key countries, key strategies of leading market players.

SEGMENTATION

By Product

  • Hybrid
  • Tandem Quadrupole
  • Quadrupole Time-of-Flight (Q-TOF)
  • FTMS
  • Single
  • Single Quadrupole
  • Time-of-Flight (TOF)
  • Ion Trap

By End-user

  • Biopharmaceutical and Pharmaceutical Companies
  • Research Institutes & Government Organization
  • Hospitals & Diagnostic Centers
  • Others (Environmental testing, food, and chemical testing)

By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Rest of World

Key Industry Developments

In June 2018, Thermo Scientific launched Orbitrap ID-X in collaboration with HighChem for characterization of small molecules.

In April 2019, Agilent launched 6546 quadrupole time-of-flight LC/MS system, a hybrid mass spectrometer to deliver high resolution analytical data.

In March 2019, JEOL USA announced the launch of GC-triple quadrupole mass spectrometer system to expand the company€™s product line in mass spectrometer.

 

Looking for more? Check out our repository for all available reports on Mass Spectrometer in related sectors.

Quick Read Table of Contents of this Report @ Mass Spectrometer Market Size, Share and Industry Analysis By Product (Hybrid, Single), By End-user (Biopharmaceutical and Pharmaceutical Companies, Research Institutes & Government Organization, Hospitals & Diagnostic Centers, Others (Environmental testing, food, and chemical testing)) and Regional Forecast, 2020 – 2029 (Includes COVID-19 Business Impact)

Contacts

Trusted Business Insights
Shelly Arnold
Media & Marketing Executive
Email Me For Any Clarifications
Connect on LinkedIn
Click to follow Trusted Business Insights LinkedIn for Market Data and Updates.
US: +1 646 568 9797
UK: +44 330 808 0580