Mass spectrometry is an analytical technique used to measure known materials, to identify unknown compounds within a sample, and to evaluate the structure and chemical properties of different molecules. The technique ionizes chemical species and sorts the ions, based on their mass-to-charge ratio. Because of the high sensitivity of these techniques, mass spectroscopy has become a powerful analytical tool for testing in various industries.
The global mass spectrometry market is projected to reach USD 5.27 billion by 2022 from USD 3.68 billion in 2017, at a CAGR of 7.4%.
Factors such as technological advancements in mass spectrometry, government initiatives for pollution control and environmental testing, increasing spending on pharmaceutical R&D across the globe, growing petrochemical industry, and growing focus on ensuring the quality of food products are driving the growth of the mass spectrometry market.
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The report is presently broke down concerning different types and applications. The report includes a detailed complete examination to territorial sections that covered North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) with market definitions, characterizations, delivering reports, cost structures, advancement strategies, plans, as well as consumption, revenue, and a piece of the pie and growth rate of the market in each region.
At the company level, this report covers the production capacity, revenue, and market share for each manufacturer covered in this report. In this section, SWOT evaluation, crucial financials, merchandise portfolio analysis, breakthroughs are clearly canvassed. With the help of SWOT analysis, this report observes the dominant players’ development in the market. The important market players whose activities are covered in the report include: Agilent Technologies (US), Thermo Fisher Scientific (US), Waters Corporation (US), SCIEX (a subsidiary of Danaher) (US), Bruker (US), PerkinElmer (US), JEOL (Japan), Analytik Jena (Germany), Hiden Analytical (UK), Rigaku (Japan), LECO (US), and DANI Instruments (Italy).
Moreover, the study showcases back-to-back parameters like application, improvement, product growth, and diverse structures & key processes. The report highlights the in-depth analysis of various critical parameters such as profit & loss statistics, product value, production capability, production process, and many more.
The Mass Spectrometry Market report delivers a perfect solution, which incorporates current market intelligence, future projections for the growth, technology inputs, and future market trends.
The pharmaceutical application segment is expected to register the highest CAGR during the forecast period. The growth is mainly due to the increased R&D in the pharmaceutical industry and increasing use of mass spectrometry at various stages of the drug development process.
The report focuses on key strategic developments, analytical tools, and market feature. The report exhibits a top to the bottom estimate of the Mass Spectrometry market which includes key patterns, key players, market drivers, challenges, arrangement patterns, openings, esteem chain, professional outlines, and future guide.
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Geographically, the mass spectrometry market in the North American region is expected to register the highest CAGR during the forecast period. Growth in this regional segment is due to factors such as growing biopharmacuetical and biotechnology research & development and availability of funding for innovation-based research. In the US the boom in oil and gas production from sources such as oil shale rocks provides opportunity for wide utilization of mass spectrometers throughout the process.
The life sciences industry in countries such as the US and Canada is robust and is expected to contribute largely to the growth of the mass spectrometry market in the coming years. Also, rapid advances in technology have demonstrated the capability of high resolution mass spectrometry in various applications. With major applications of high resolution techniques such as time-of-flight, tandem, and orbitrap mass spectrometry in pharmaceuticals for drug screening and in environmental testing along with quality control of food and beverages, the demand for such high resolution mass spectrometry is expected to increase in the coming years.