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Mass Spectrometry market projected to reach US$ 5.27 billion in 4 years

Mass Spectrometry Study Papers

The global mass spectrometry market is projected to be valued at USD 3.44 Billion in 2016 and is expected to grow at a CAGR of 7.4% to reach USD 5.27 Billion by 2022. High cost of mass spectrometry systems is likely to restrain growth of market during forecast period.

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Growth of mass spectrometry market can be attributed to increase in investment on pharmaceutical research and development, government initiatives for pollution control & environmental testing and technological advancements in mass spectrometry.

In coming years, North America is expected to account for the largest share of the global mass spectrometry market.

Objectives of the Study:

  • To define, describe, and forecast the global mass spectrometry market with respect to platform, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the Mass Spectrometry market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of Mass Spectrometry market leaders
  • To forecast the size of the market with respect to four main regions North America, Europe, Asia Pacific, and the Rest of the World
  • To profile the key players in the global mass spectrometry market and comprehensively analyze their core competencies
  • To track and analyze competitive developments such as agreements and partnerships, collaborations, acquisitions, reprocessed medical device developments, and service launches of the leading players in the Mass Spectrometry market

 

Global mass spectrometry market was dominated by Agilent Technologies (US) Thermo Fisher Scientific (US), Waters Corporation (US), and SCIEX (Subsidiary of Danaher) (US). These companies accounted for a majority share of the global market in 2016.

The other players involved in this market include Bruker (US), PerkinElmer (US), JEOL (Japan), Analytik Jena (Germany), Hiden Analytical (UK), Rigaku Corporation (Japan), LECO (US), and DANI Instruments (Italy).

Target Audience:

  • Mass spectrometry manufacturers
  • Mass spectrometry distributors
  • Food and beverage testing industries
  • Vendors/service providers
  • Research institutes
  • Pharmaceutical and biotechnology companies
  • Research and consulting firms

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North America is expected to register highest CAGR in global mass spectrometry market during the forecast period of 2017–2022. Factors such as growing bio pharmacuetical and biotechnology research & development and availability of funding for innovation-based research coupled with the boost in the US shale oil and gas production are expected to drive market growth during the forecast period.

Mass Spectrometry Market, by Application

  • Pharmaceutical Applications
  • Biotech Applications
  • Environmental Testing
  • Food & Beverage Testing
  • Petrochemical Applications
  • Other Applications

Geographically, North America is estimated to account for the largest share of the global market, followed by Europe. Availability of government funding, growing biotech and biopharma R&D in the US are the major factors driving the growth of the market.

Growing funding for R&D in Canada will also drive market growth during the forecast period.

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