Industry Background:
Mass spectrometry is a powerful analytical technique used to quantify known materials, to identify unknown compounds within a sample, and to clarify the structure and chemical properties of different molecules present in the sample. This technique measures the mass-to-charge ratio of ions. A mass spectrometer generates multiple ions from the sample and separates them according to their specific mass-to-charge ratio (m/z) then records the relative abundance of each ion type.
According to AMA Research, the market for Mass Spectrometer is expected to register a CAGR of 7.9% during the forecast period to 2027. This growth is primarily driven by High demand for mass spectrometers in environmental analysis. It is widely used for drinking water testing, pesticide screening and quantitation, soil contamination assessment, carbon dioxide and pollution monitoring, and trace elemental analysis of heavy metals leaching..
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | Value (USD Million) |
Key Companies in Study | Thermo Fisher Scientific (United States), JEOL (Japan), Rigaku (Japan), PerkinElmer (United States), Bruker (United States), Analytik Jena (Germany), DANI Instruments (Italy), LECO (United States), Hiden Analytical (UK), Kore Technology (UK) and Extrel CMS (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thermo Fisher Scientific (United States), JEOL (Japan), Rigaku (Japan), PerkinElmer (United States), Bruker (United States), Analytik Jena (Germany), DANI Instruments (Italy), LECO (United States), Hiden Analytical (UK), Kore Technology (UK) and Extrel CMS (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 2nd November 2020, PerkinElmer announced the acquisition of Horizon Discovery Group plc. for around USD 383 million. The acquisition will enable PerkinElmer to expand its portfolio of automated life sciences discovery and applied genomics solutions to include gene editing and gene modulation tools, as Horizon is a leading provider of CRISPR and RNAi reagents, cell models, cell engineering, and base editing offerings.
On 1st November 2021, Thermo Fisher Scientific is empowering scientists to drive groundbreaking discoveries with the introduction of new-generation mass spectrometry instruments, workflows, and software. The company will showcase new additions to its industry-leading offering during the 69th American Society for Mass Spectrometry (ASMS) Conference on Mass Spectrometry and Allied Topics.Global Mass Spectrometer is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Market Drivers
- High demand for mass spectrometers in environmental analysis. It is widely used for drinking water testing, pesticide screening and quantitation, soil contamination assessment, carbon dioxide and pollution monitoring, and trace elemental analysis of heavy metals leaching.
Market Trend
- Rise in the use for identifying toxins in food and beverages, diagnosing bacterial infections to imaging samples at the biomolecular level.
Restraints
- The mass spectrometer is not able to distinguish between isomers of a compound having the same charge-to-mass (m/z) ratio. Separating enantiomers usually requires something such as a chiral column.
Opportunities
The growing demand for mass spectrometers for several applications will help for market expansion. There is demand for applications in proteomics, metabolomics, environmental analysis, pharmaceutical analysis, forensic analysis, clinical applications and others.
Challenges
Lack of skilled professionals is a big challenge for the mass spectrometer market.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mass Spectrometer Study Sheds Light on
The Mass Spectrometer Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mass Spectrometer industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mass Spectrometer industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.