Mass Spectrometry Market Outlook
Mass spectrometry (MS) stands for an analytical technique used to quantify materials and identify compounds in a particular sample. Some of the most used mass spectrometry technologies include ion trap, quadrupole, time-of-flight (TOF), triple quadrupole, quadrupole TOF and Fourier Transform Mass Spectrometry (FTMS).
The global mass spectrometry market size reached US$ 5.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2027, exhibiting a growth rate (CAGR) of 7.46% during 2022-2027.
These technologies help in identifying molecules in a mixture, detecting impurities in a sample and analyzing a purified protein. Owing to these benefits, MS finds extensive applications across various industries, including pharmaceuticals, biotechnological, environmental, petrochemical and food and beverages.
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Mass Spectrometry Market Trends:
Significant growth in the pharmaceutical sector across the globe is primarily creating a positive outlook for the market. Mass spectrometry is extensively used to analyze molecules in pharmaceutical drugs, phytoproducts, biosimilars and regenerative medicines. Moreover, the rising emphasis on environmental testing for pollution control is also bolstering the market growth. Additionally, the increasing adoption of mass spectrometry for detecting pathogens, microorganisms, toxins and chemicals to maintain food quality and safety is further contributing to the product demand.
Additionally, various technological innovations, such as the launch of innovative hybrid spectrometers that facilitate rapid and high-resolution testing, are acting as other major growth-inducing factors. Several other factors, including extensive RD activities, along with the escalating utilization of mass spectrometry in crude and shale gas production, are anticipated to further propel the market in the coming years.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Agilent Technologies Inc.
- Bruker
- Danaher Corporation
- JEOL Ltd.
- Kore Technology Ltd.
- LECO Corporation
- PerkinElmer Inc.
- Rigaku Corporation
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Waters Corporation.
Key Market Segmentation:
The report has categorized the market based on technology and application.
Breakup by Technology:
- Triple Quadrupole (Tandem)
- Quadrupole TOF (Q-TOF)
- FTMS (Fourier Transform Mass Spectrometry)
- Quadrupole
- Time-of-Flight (TOF)
- ION Trap
- Others
Breakup by Application:
- Pharmaceuticals
- Biotechnology
- Chemical and Petrochemicals
- Environmental Testing
- Food Beverage Testing
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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