Mass Spectrometry Market is Anticipated to Show Significant Growth by 2025 | Hexa Research

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Research Report on Mass Spectrometry Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2025

11 February 2019, The global Mass Spectrometry Market is projected to witness substantial growth in coming years owing to rising demand for clinical analysis. Mass spectrometry is an analytical technique used to differentiate and identify compounds within a sample. The technique can also trace components at minute concentrations. It enables researchers and scientists to categorize all elements in a single analysis. The process involves ionization of the sample and separation of the ions based on their mass and charge. Categorized ions are then measured using a computer. 

Increasing applications in life sciences and pharmaceutical industries are anticipated to propel market growth in coming years. Rising demand for clinical analysis of a wide range of biological and chemical entities can augment market growth. Increasing R&D expenditures by government research organizations and pharmaceutical sector can stimulate market expansion. Advent of new software and tools is expected to stimulate use of the technology in multiple fields, such as food safety testing, proteomics, and drug development. This may, in turn, positively influence the growth of market in coming years. Moreover, growing need for hyphenated and tandem techniques is likely to stimulate market expansion. 

High cost of instrument attributed to its high specificity is likely to restrain market growth in coming years. However, introduction of innovative products can present lucrative opportunities for the market. For instance, Thermo Fisher Scientific designed a single quadrupole mass spectrometer for high productivity and performance standards in laboratories. The product detects and quantifies large and small molecules and offers analytical support across a wide range of applications. 

The market can be segmented on the basis of technology and application. Based on technology, the market can be categorized into gas chromatography, single quadruple, Fourier transform, time of flight, and tandem LC/MS. Leading applications of mass spectrometry include government research, energy, utilities, pharmaceuticals, diagnostics and environmental, food and beverages, security and defense, and industrial chemicals fields. 

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North America is a leading region in the market owing to presence of leading market players and introduction of advanced products. The United States is likely to hold a prominent share in the market owing to supportive government initiatives to fund research studies based on mass spectrometry. For instance, the National Institutes of Health (NIH) in the U.S. funded biomedical research at University of Georgia. Development of biotechnology research infrastructure and advent of novel products in the U.S. can also impel regional market growth in coming years. 

Asia Pacific is likely to emerge highly lucrative in coming years due to rising demand for mass spectrometer in countries, such as Japan and China. This could be attributed to high natural gas and petrol production. Increasing R&D activities in biotechnology and biopharmaceutical industries can augment market growth in coming years. In addition, rising contract research organization (CRO) and contract market organization (CMO) activities in the region are anticipated to propel market growth in the region. Moreover, launch of innovative products by local manufacturers can boost regional market growth in coming years. For instance, Shimadzu launched quadrupole time-of-flight (Q-TOF) LCMS-9030 system. The product offers accurate mass detection, high resolution, and fast data acquisition rate, enabling scientists to identify compounds with greater confidence. 

Europe is likely to emerge as one of the promising regions in the market owing to growth of cosmetics industry in Germany. Increasing use of mass spectrometer for the analysis of product ingredients in cosmetics can augment market growth. In addition, increasing investments in R&D by pharmaceutical companies to discover effective drugs and rising concerns for food safety in United Kingdom can stimulate market expansion in coming years. In addition, growth of biotechnology industry in Italy, and food and beverages sector in Spain can further impel product demand in coming years. Moreover, launch of innovative products by local manufacturing companies is likely to drive the market in the region. For instance, Microsaic Systems launched chip-based mass spectrometer for point-of-need analysis. The company uses advanced miniaturization technology to offer sample detection and component identification at the point of use. Quick response can allow consumers to make decisions in real time and optimize overall productivity. 

Some of the leading companies operating in the mass spectrometry market are Thermo Fisher Scientific, Waters Corporation, Agilent Technologies, Bio-Rad Laboratories, and Bruker Corporation. 

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