What is Mass Spectrometry Market?
Mass spectrometry (MS), the workhorse of analytical chemistry that ionizes chemical species and sorts the ions based on their mass-to-charge ratio. In addition, it performs the analysis of the sample, making mass spectrum measures equipment which is an essential part of analytical instrumentation. The surging adoption of MS in pharmaceutical industry and increasing trend of miniaturization is expected to boost the growth of very market. On the other hand, the growth in demand of high performance system and top players are continuously focusing on development of shorter testing times with faster throughput are providing opportunity to the mass spectrometry market globally.
The market study is being classified by Type (AMS (Accelerator Mass Spectrometry), Gas Chromatography-MS, Liquid Chromatography-MS, ICP-MS (Inductively Coupled Plasma-Mass spectrometry ), IRMS (Isotope Ratio Mass Spectrometry), Ion Mobility Spectrometry-MS and Others), by Application (Biotechnology, Pharmaceutical, Industrial Chemistry, Environmental Testing, Food & Beverage Testing and Other) and major geographies with country level break-up. According to AMA, the Global Mass Spectrometry market is expected to see growth rate of 7.7%
Agilent Technologies (United States), Thermo Fisher Scientific (United States), Waters Corporation (United States), Bruker (United States), PerkinElmer (United States), JEOL (Japan), Analytik Jena (Germany), Hiden Analytical (United Kingdom), Rigaku (Japan), LECO (United States), DANI Instruments (Italy), Danaher Corporation (SCIEX) (United States), Shimadzu Corporation (Japan) and Hitachi High-Technologies (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Bio-Rad Laboratories (United States), AMETEK Process Instruments (United States), Eurofins Scientific (Luxembourg), Extrel CMS (United States) and FLIR Systems (United States).
Research Analyst at AMA predicts that United States and Japanese Manufacturers will contribute to the maximum growth of Global Mass Spectrometry market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Mass Spectrometry market by Type, Application and Region.
On the basis of geography, the market of Mass Spectrometry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Government Initiatives for Pollution Control and Environmental Testing
- Increasing Spending on Pharmaceutical R&D across the Globe
- Growing Petrochemical Industry
- Adoption of High Speed and High Accuracy Mass Spectrometry
Market Trend
- Technological Advancements in Mass Spectrometry
- Growing Focus on Ensuring the Quality of Food Products in Developed Economies
- Surge in Regulations on Drug Safety
Restraints
- High Cost of Mass Spectrometry Instruments
Opportunities
- Surging Demand from Emerging Economies
- The Growth of Mass Spectrometers in Personalized Medicine
Challenges
- Dearth of Skilled Professionals in Developing Countries
Under the regulations 21 CFR part 820 (15), mass spectrometers which is designed for clinical use, manufacturers does not have to obtain FDA approval or clearance prior to marketing, although instruments must be manufactured under quality systems regulations and labelled for IVD use Section 809.10(b)(16)
Key Target Audience
Mass Spectrometry Manufacturers, Government Bodies, Service Providers, Raw Material Suppliers, Technical Operators, End-Users and Others