Global
Mass Spectrometry Market, By Technology (Single Mass Spectrometry (Ion
trap, Matrix Assisted Laser Desorption/ Ionization -Time of Flight,
Quadrupole), Hybrid Mass Spectrometry (Gas Chromatography – Mass Spectrometry,
Liquid Chromatography – Mass Spectrometry, Triple quadrupole liquid
chromatography – Mass Spectrometry, Quadrupole Time of Flight Liquid
Chromatography – Mass Spectromrtry, Ion Mobility Mass Spectrometry, Fourier
Transform Ion Cyclotron Resonance Mass Spectrometry)), By Product Type
(Equipment, Reagents and consumables, Services), By Application
(Pharmaceuticals, Biotechnology, Industrial Chemistry, Environmental Testing,
Food & Beverage Testing, Others), By End User (Pharma/biopharmaceuticals,
Industrial sectors, Academia and Government and Applied markets), By Geography
(North America, Europe, Asia-Pacific, Europe, South America, Middle East and
Africa) – Industry Trends and Forecast to 2024
The mass
spectrometry market accounted to USD 5.8 billion in 2016 growing at a CAGR of
9.0% during the forecast period of 2017 to 2024. The upcoming market report
contains data for historic years 2015, the base year of calculation is 2016 and
the forecast period is 2017 to 2024.
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Mass spectrometry is an analytical technique which is
used to identify the quantity and type of chemical in a given sample. The mass
spectrometry analyzes the mass-to-charge ratio of ions in simple and complex
mixtures.
Major
market drivers and restraints:
·
Increasing government funding
in life science research
·
R&D investments by
pharmaceutical companies
·
Technological advancement to
adopt the new technology
·
Growing concerns related to
food safety
·
High initial costs for
installing the equipments
·
Lack of knowledge and skilled
professionals
Market
Segmentation:
By technology the market for mass
spectrometry is segmented into Single Mass Spectrometry and Hybrid Mass
Spectrometry. The single mass spectrometry segment is further sub-segmented
into ion trap, matrix assisted laser desorption/ ionization -time of flight, and quadrupole and hybrid mass spectrometry
segment is sub-segmented into gas chromatography – mass spectrometry, liquid
chromatography – mass spectrometry, triple quadrupole liquid chromatography –
mass spectrometry, quadrupole time of flight liquid chromatography – mass
spectromrtry, ion mobility mass spectrometry, and fourier transform ion cyclotron
resonance mass spectrometry.
By
product type the mass
spectrometry market is segmented into equipment, reagents and consumables
and services. On the basis of application the market is segmented into
pharmaceuticals, biotechnology, industrial chemistry, environmental testing, food
& beverage testing, others.
On the basis of end-users the mass
spectrometry market is segmented into pharma/biopharmaceuticals, industrial
sectors, academia and government and applied markets.
On the basis of geography, mass
spectrometry market report covers data points for 28 countries across multiple
geographies such as North America & South America, Europe, Asia-Pacific,
and Middle East & Africa. Some of the major countries covered in this
report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland,
Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi
Arabia, South Africa, and Brazil among others. In 2017, North America is
expected to dominate the market.
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Competitive Analysis:
The mass
spectrometry market is highly fragmented and is based on new product launches
and clinical results of products. Hence the major players have used various
strategies such as new product launches, clinical trials, market initiatives,
high expense on research and development, agreements, joint ventures,
partnerships, acquisitions, and others to increase their footprints in this
market. The report includes market shares of mass spectrometry market for
global, Europe, North America, Asia Pacific and South America.
Some of the major
players operating in mass spectrometry market are Agilent Technologies, Inc.,
Danaher Corporation, Waters Corporation, Bruker Corporation, Thermo Fisher
Scientific, Inc., Perkinelmer, Inc., Shimadzu Corporation, Kore Technologies,
Ltd., Dani Instruments S.P.A., Leco Corporation among others.
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