Mass Spectrometry Market Size, Share, Growth Report 2030

The global Mass Spectrometry Market, which was estimated at 4.58 (USD Billion) in 2019 and is predicted to accrue nearly 7.14 (USD Billion) by 2026, is set to record a CAGR of nearly 6.6% over 2020-2026. The report offers valuation and analysis of Mass Spectrometry market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

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Introduction

Mass spectrometry is an analytic method that measures mass-to-charge ion ratio.  Moreover, it is the most powerful analytical tool used in the life sciences domain and is utilized for determining unknown components in the sample through utilization of electrons.  Precisely, mass spectrometry makes use of charged electrons that enters a sample and transforms its contents into positive ions. After that, these ions are bifurcated depending on the molecular mass and hence unknown components can be determined.  Additionally, mass spectrometry works on three key principles, namely, measuring of relative molecular compound mass, knowing the molecular fragmentation, and comparing mass to charge ratio of different compounds in order to know the unknown chemicals or particulates or compounds present in the provided sample.

Market Growth Dynamics

Massive use of mass spectrometry method in producing pharmaceuticals and biotechnology will chart a profitable growth graph of the mass spectrometry market over the forecast timeframe. Apart from this, huge focus on research activities in healthcare sector and surge in the contract research organizations across the globe is anticipated to create lucrative growth avenues for the industry over the forthcoming years. Moreover, technological breakthroughs in the mass spectrometers are expected to drive the market trends. Nonetheless, high cost of mass spectrometry techniques and surge in the use of some of the analytical tools as substitute for mass spectroscopy is likely to impede the expansion of the market in the years ahead.

North American Industry To Acquire Dominant Position By 2026

The growth of the market in North American sub-continent during the forecast timespan is owing to supportive government policies favoring the use of mass spectrometry across petroleum sector in the countries like the U.S. In addition to this, The Canada Foundation for Innovation in mass spectrometry ventures across various districts & cities in Canada will further steer the growth of mass spectrometry market in the North American sub-continent.

Report Scope:

Key industry players profiled in the report are Leco Corporation, Bruker Corporation, Waters Corporation, Agilent Technologies, Dani instruments S.P.A, Thermo Fisher Scientific, Danaher Corporation, Perkin Elmer Inc., and Shimadzu Corporation.

The global mass spectrometry market is segmented as follows:

By Platform

• Single Mass Spectrometry
  • Quadrupole
  • Time-Of-Flight (TOF)
  • ION Trap
• Hybrid Mass Spectrometry
  • Fourier Transform Mass Spectrometry (FTMS)
  • Triple Quadrupole
  • Quadrupole TOF (Q-TOF)
• Other Platforms

By Application

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa