Mass Spectrometry Market Overview:
Global Mass Spectrometry Market was valued at $4,598 million in 2016, and is estimated to reach at $7,922 million by 2023, registering a CAGR of 8.0% from 2017 to 2023. 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.
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 provides data about isotopic abundance of elements and chemical data determined for a short term.
Global Mass Spectrometry Market Segmentation
The mass spectrometry market is segmented based on technology, application, and geography. Based on 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, industrial chemistry, environmental testing, food & beverage testing, and other applications. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market is expected to witness moderate growth during the forecast period, owing to technological advancement in mass spectrometry and increase in private funding and government grants for R&D in mass spectrometry. Stringent guidelines for food products have been set in food & beverage industry by regulating authorities, such as the Food and Drug Administration. Furthermore, advantages of mass spectrometry over other analytical technique are expected to fuel the market growth.
Key Geographical Segment
North America accounted for the highest share in the mass spectrometry market in 2016, and is expected to maintain its dominance throughout the forecast period.
Mass Spectrometry Market, by Geography, 2016 (%)
The report provides extensive competitive analysis and profiles of key market players, such as 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., and Leco Corporation.
The other players in the value chain include Rigaku, Bio-Rad Laboratories, Jeol Ltd, Alpha Omega, AMETEK Process Instruments, Evans Analytical Group LLC, Extrel CMS, FLIR Systems, Hitachi High-Technologies, and Ion Science.
- This report provides a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
- Market estimations are based on comprehensive analysis of the key developments in the industry.
- In-depth analysis based on geography assists to understand the regional market and the strategic business planning.
- The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
Mass Spectrometry Market Key Segments:
- Hybrid Mass Spectrometry
- Triple Quadrupole (Tandem)
- Quadrupole TOF (Q-TOF)
- FTMS (Fourier Transform Mass Spectrometry)
- FT-ICR MS
- Single Mass Spectrometry
- ION Trap
- Time-of-Flight (TOF)
- Other Mass Spectrometry
- Industrial Chemistry
- Environmental Testing
- Food & Beverage Testing
- Other Applications
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA