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2021
Mass Spectrometry Market

Mass Spectrometry Market

by Technology (Hybrid Mass Spectrometry [Triple Quadrapole, Quadrapole TOF, and Fourier Transform Mass Spectrometry], Single Mass Spectrometry [Ion Trap, Quadrapole, and Time-of-Flight], and Other Mass Spectrometry) and Application (Pharmaceutical, Biotechnology, Security, Industrial Chemistry, Environmental Testing, Food & Beverage Testing, Forensic, Clinical and Other Applications): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A02307
Pages: 242
Sep 2021 | 17149 Views
Author(s) : Shubham Choudante, Vishal Bhardwaj , Onkar Sumant
Tables: 115
Charts: 60
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COVID-19

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Mass Spectrometry Market Overview

The global mass spectrometry market size was valued at $5,885.28 million in 2020, and is projected to reach $12,697.21 million by 2030, registering a CAGR of 8.0%. Mass spectrometry is an analytical technique used to determine and identify quantities of a compound within a sample, and also traces of components at minute concentrations. It allows scientists and researchers to comprehensively catalogue sophisticated samples in a single analysis. In this process, initially the sample is ionized by loss of an electron. Then the ions are categorized and divided based on their charge and mass, which are measured by use of a computer.

The COVID-19 outbreak has impacted the global mass spectrometry market positively. There has been a high demand for multiple spectrometers from the biotechnology and pharmaceutical industries due to the COVID-19 driving market. By 2020, in India, researchers at the Delhi-based Institute of Genomics and Integrative Biology (IGIB) and the National Center for Disease Control (NCDC) were able to find a novel coronavirus (COVID-19) with 95% sensitivity and 100% precision with respect to RT-PCR using a mass spectrometer. In April 2020, UK diagnostics firm MAP Sciences announced the development of a rapid test for the COVID-19 virus. This technology uses multiple spectrometry to detect different proteins in COVID-19 and is intended to deliver test results within 30 minutes. These developments are expected to foster the growth of the market.

Mass spectrometry provides increased sensitivity over other analytical systems, owing to reduced background intrusion and superior specificity from characteristic fragmentation patterns to detect unknown compounds. In addition, it can also identify existence of suspected compound and data regarding molecular weight of the compound in the mixture, and provide data about isotopic abundance of elements and chemical data determined for a short term.

Mass-Spectrometry-Market,-2021-2030

 

The COVID-19 outbreak has impacted the global mass spectrometry market positively. There has been a high demand for multiple spectrometers from the biotechnology and pharmaceutical industries due to the COVID-19 driving market. By 2020, in India, researchers at the Delhi-based Institute of Genomics and Integrative Biology (IGIB) and the National Center for Disease Control (NCDC) were able to find a novel coronavirus (COVID-19) with 95% sensitivity and 100% precision with respect to RT-PCR using a mass spectrometer. In April 2020, UK diagnostics firm MAP Sciences announced the development of a rapid test for the COVID-19 virus. This technology uses multiple spectrometry to detect different proteins in COVID-19 and is intended to deliver test results within 30 minutes. These developments are expected to foster the growth of the market.

mass spectrometry Market segmentation 

The mass spectrometry market is segmented on the basis of technology, application, and region. By technology, it is divided into hybrid mass spectrometry, single mass spectrometry, and other mass spectrometry. Hybrid mass spectrometry is further categorized into triple quadrapole, quadrapole TOF, and Fourier transform mass spectrometry (FTMS). Single mass spectrometry is further segmented into ion trap, quadrapole, and time-of-flight (TOF). The application segment includes pharmaceutical, biotechnology, security, industrial chemistry, environmental testing, food & beverage testing, forensic, clinical and other applications. Region-wise, the mass spectrometry market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Mass Spectrometry Market
By Technology

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Hybrid Mass Spectrometry segment holds a dominant position in 2020

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Segment review

By technology, the mass spectrometry market is divided into hybrid mass spectrometry, single mass spectrometry, and other mass spectrometry. The hybrid mass spectrometry segment held a major share in the mass spectrometry market in 2020 and is expected to continue the trend during the forecast period. This is attributed to their application and level of performance compared to other types of spectrometers. Hybrid mass spectrometry combines numerous mass-analyzer components to achieve maximum performance in a single test. Increased performance of mass spectrometer can be measured in terms of higher sensitivity and resolving power, rapid data production & abundance of data-sets are additional set of benefits offered by hybrid mass spectrometers.

Mass Spectrometry Market
By Application

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Pharmaceutical segment holds a dominant position in 2020

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On the basis of application, the market is categorized into pharmaceutical, biotechnology, security, industrial chemistry, environmental testing, food & beverage testing, forensic, clinical and other applications. The pharmaceuticals segment held a major share in the mass spectrometry market in 2020 and is expected to continue the trend during the forecast period. This is attributed as mass spectrometry helps precise identification of a component in a mixture is of prime importance where incorrect identification of individual elements can result in risky situations. Nowadays, Mass spectrometers are massively utilized in pharmaceuticals industry for various applications from primary phases of drug discovery through final stages of development and clinical trials.

Region segment review

Region wise, North America dominated the market in 2020, owing to technological advancements in spectrometry techniques and integration of advanced hardware and software processes in spectrometry devices. However, Asia-Pacific is expected to register the highest CAGR in terms of revenue during the forecast period, owing to increase in demand for advanced MS devices along with surging awareness.

Mass Spectrometry Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 8.50% during 2021-2030.

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Prominent players in the mass spectrometry market report include Agilent Technologies, Inc., Danaher Corporation, Waters Corporation, Bruker Corporation, Thermo Fisher Scientific, Inc., Perkinelmer, Inc., Shimadzu Corporation., Kore Technologies, Ltd., Hiden Analytical, and Leco Corporation.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current trends and future estimations from 2020 to 2030, which assist to identify the prevailing mass spectrometry market opportunities.
  • An in-depth mass spectrometry market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the Global Mass Spectrometry Market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the market.

Key Market Segments

By Technology

  • Hybrid Mass Spectrometry
    • Triple Quadrupole (Tandem)
    • Quadrupole TOF (Q-TOF)
    • FTMS (Fourier Transform Mass Spectrometry)
      • FT-ICR MS
      • Orbitrap  
  • Single Mass Spectrometry
    • ION Trap
    • Quadrupole
    • Time-of-Flight (TOF)
  • Other Mass Spectrometry

By Application

  • Pharmaceutical
  • Biotechnology
  • Security
  • Industrial chemistry
  • Environmental testing,
  • Food & beverage testing
  • Forensic
  • Clinical
  • Other applications

By Region

    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • Australia
      • India
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • South Africa
      • Rest of LAMEA

List Of Key Players Profiled In The Report

  • Agilent Technologies, Inc.
  • Danaher Corporation
  • Waters Corporation
  • Bruker Corporation
  • Thermo Fisher Scientific, Inc.
  • Perkinelmer, Inc.
  • Shimadzu Corporation.
  • Kore Technologies, Ltd.
  • Hiden Analytical
  • Leco Corporation
 

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According to the Analyst’s perspectives of leading companies in the market, development of affordable, compact, and reliable spectrometry systems has led to extensive number of applications of this technique in various sectors. Strict guidelines set by the U.S. FDA and other regulating authorities in food & beverage industries encourage use of mass spectrometers for analysis of food & beverages. Increase in demand for quality medicines and better healthcare products is also expected to propel the mass spectrometry market.

The mass spectrometry industry holds the maximum potential, owing to the technological advancement in MS techniques for more than a century and growth in concerns for food and environmental welfare are responsible to drive the market growth. The surging awareness in terms of regulatory authorities targeting environmental welfare is expected to lead to an increase in the use of toxicity tests to check the safety of products, which are anticipated to supplement market growth during the forecast period. Increase in use of mass spectrometry techniques by researchers have led to an enhanced age of mass spectrometry devices capable of pushing analytical boundaries to address an ever-growing range of analytical challenges. However, high cost of spectrometry equipment can slow down the market growth.

North America is expected to account for highest market share, owing to established mass spectrometry laboratories and research centers in the region, followed by Europe, Asia-Pacific, and LAMEA. Rapid development in mass spectrometers and cost-effectiveness of the test are expected to boost the growth of the market in other regions.

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FREQUENTLY ASKED QUESTIONS?

A. What is the total market value of mass spectroscopy market report ?

A. The forcast period for mass spectroscopy market is 2021 to 2030

A. The market value of mass spectroscopy market in 2030 is $12,697.21 million

A. The base year is 2020 in mass spectroscopy market

A. Thermo Fisher Scientific, Danher Corporation, Aligant Technology , held a high market postion owing to the strong geographical foothold in different regions.

A. Hybrid mass spectroscopy segment dominates the global market, and is anticipated to continue this trend during the forecast period. the growth of this segment is attributable to higher sensitivity and lower limits of detection and higher resolving power.

A. The major factor for the growth of mass spectroscopy market is technological advancement in mass spectrometry and increase in private funding and government grants for R&D in mass spectrometry fueling the market growth.

A. Owing to stringent guidelines for food products have been set in food & beverage industry by regulating authorities, such as the Food and Drug Administrationand and technological advancements in the field of healthcare.

A. Mass spectrometry (MS) is an analytical technique that is used to measure the mass-to-charge ratio of ions. The results are typically presented as a mass spectrum, a plot of intensity as a function of the mass-to-charge ratio.

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