DUBLIN–(BUSINESS WIRE)–Feb 22, 2021–
The "Mass Spectrometry Market by Technology [Hybrid (Triple Quadrupole, QTOF, FTMS), Single (Quadrupole, TOF, Ion Trap), Others], Application (Life Science Research, Clinical Diagnostics), End-User (Pharma-Biotech, Environmental, F&B) – Global Forecasts to 2025" report has been added to ResearchAndMarkets.com’s offering.
The Mass Spectrometry Market Size is Expected to Grow from an Estimated USD 4.1 Billion in 2020 to USD 5.6 Billion by 2025, at a CAGR of 6.5%.
Increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety, growing focus on the quality of food products, increase in crude and shale gas production, and growing government initiatives for pollution control and environmental testing are high growth prospects for the mass spectrometry market during the forecast period.
The pharmaceutical industry segment, by end-user, is expected to be the largest and the fastest-growing market from 2020 to 2025.
Based on end-user, the mass spectrometry market has been segmented into is pharmaceutical industry, biotechnology industry, research & academic institutes, environmental testing industry, food & beverage testing industry, petrochemical industry among and other end users. Pharmaceutical industries are among the key end-users of mass spectrometers.
The adoption of analytical instrumentation during various stages of biopharmaceutical and pharmaceutical drug discovery, drug research and development, pharmacokinetics, toxicology, and clinical studies drive the growth of the market in the industrial sector. The availability of government and corporate funding for pharmaceutical research, growth of the pharmaceutical industry, and the presence of stringent regulatory guidelines for drug development and safety are some of the key factors driving the growth of this segment during the forecast period.
The Hybrid mass spectrometry segment, by technology, is expected to be the fastest-growing market from 2020 to 2025.
Based on the product, the mass spectrometry market is segmented into hybrid mass spectrometry, single mass spectrometry and other technologies. The hybrid mass spectrometry segment is expected to witness the fastest growth during the forecast period. Advantages offered by hybrid mass spectrometers, such as rapid and high-resolution testing abilities with more accurate and precise results, are increasing its adoption. Consequently, the demand for mass spectrometry devices for high throughput screening is also growing. The hybrid mass spectrometry segment is further divided into Triple Quadrupole, Quadrupole ToF (Q-ToF), and Fourier Transform Mass Spectrometry (FTMS).
North America: The largest market in the mass spectrometry industry.
North America accounted for the largest market share in the mass spectrometry market in 2019. A number of factors, such as growing funding for research and government initiatives in the US, widespread usage of mass spectrometry in the metabolomics and petroleum sector, and CFI funding towards mass spectrometry projects in Canada are driving the growth of the North American mass spectrometry market. Moreover, the US has seen a significant increase in the shale gas and crude oil production with increasing oil fields and this has resulted in subsequent increase in the employment of analytical tools such as mass spectrometers.
Prominent players in this market include Thermo Fisher Scientific, SCIEX, Agilent Technologies, Waters Corporation, and Shimadzu.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Technological Advancements in Mass Spectrometers
18.104.22.168 Government Initiatives for Pollution Control and Environmental Testing
22.214.171.124 Increasing Spending on Pharmaceutical R&D
126.96.36.199 Government Regulations on Drug Safety
188.8.131.52 Growing Focus on the Quality of Food Products
184.108.40.206 Increase in Crude and Shale Gas Production
220.127.116.11 Premium Product Pricing
18.104.22.168 Growing Opportunities in Emerging Markets
22.214.171.124 Dearth of Skilled Professionals
5.3 Industry Trends
5.3.1 Increasing Adoption of Hyphenated Technologies
5.3.2 Tie-Ups Between Analytical Instrument Manufacturers and Research Laboratories/Academic Institutions
5.4 Impact of COVID-19 on the Global Mass Spectrometry Market
5.5 Ecosystem Coverage: Analytical Instrumentation Market
5.6 Value Chain Analysis: Global Mass Spectrometry Market
5.7 Use Case Studies: Global Mass Spectrometry Market
5.7.1 Global Oligonucleotide Api Testing Market
5.7.2 IVD Assay Development Services Market
5.8 Global Regulatory Guidelines
6 Mass Spectrometry Market, by Technology
6.2 Hybrid Mass Spectrometry
6.2.1 Triple Quadrupole Mass Spectrometry
126.96.36.199 Triple Quadrupole Mass Spectrometry Dominates the Hybrid Mass Spectrometry Market
6.2.2 Quadrupole Time-Of-Flight Mass Spectrometry
6.2.3 Fourier Transform Mass Spectrometry
6.3 Single Mass Spectrometry
6.3.1 Quadrupole Mass Spectrometry
6.3.2 Time-Of-Flight Mass Spectrometry
6.3.3 Ion Trap Mass Spectrometry
7 Mass Spectrometry Market, by Application
7.2 Life Science Research
7.3 Drug Discovery
7.4 Environmental Testing
7.5 Food Testing
7.6 Applied Industries
7.7 Clinical Diagnostics
8 Mass Spectrometry Market, by End-user
8.2 Pharmaceutical Industry
8.3 Biotechnology Industry
8.4 Research & Academic Institutes
8.5 Environmental Testing Industry
8.6 Food & Beverage Testing Industry
8.7 Petrochemical Industry
9 Mass Spectrometry Market, by Region
10 Competitive Landscape
10.2 Market Share Analysis
10.3 Competitive Leadership Mapping (Overall Market)
10.4 Competitive Leadership Mapping (Emerging Players)
10.5 Competitive Scenario
11 Company Profiles
11.1 Thermo Fisher Scientific
11.3 Agilent Technologies
11.4 Waters Corporation
11.5 Shimadzu Corporation
11.6 Bruker Corporation
11.9 Flir Systems
11.10 Mks Instruments
11.11 Analytik Jena
11.12 Hiden Analytical
11.13 Dani Instruments
11.16 Kore Technology
11.17 Extrel CMS
11.19 Ametek Process Instruments
For more information about this report visit https://www.researchandmarkets.com/r/6esb2x
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INDUSTRY KEYWORD: PHARMACEUTICAL SCIENCE HEALTH OTHER SCIENCE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 02/22/2021 12:02 PM/DISC: 02/22/2021 12:02 PM
DUBLIN–(BUSINESS WIRE)–Feb 22, 2021–