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) & Region - Global Forecasts to 2028
Updated on : March 21, 2023
The global mass spectrometry market in terms of revenue was estimated to be worth $4.5 billion in 2022 and is poised to reach $7.0 billion by 2028, growing at a CAGR of 7.5% from 2023 to 2028.
In the new edition of the report, Thermo Fisher Scientific (US), SCIEX (US), Agilent Technologies (US), Waters Corporation (US), PerkinElmer (US), and Shimadzu Corporation (Japan), among others, have been profiled. These companies are considered emerging key players in recent years due to various strategic investments, agreements, and product launches in the mass spectrometry market space. These strategic developments have challenged the status quo of industry leaders, and it was deemed necessary to analyze the changing business landscape. Increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety, a growing focus on the quality of food products, an 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.
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Mass Spectrometry Market Dynamics
Drivers: Increasing R&D investments in the pharmaceutical and biotechnology industries
The pharmaceutical and biotechnology industries are experiencing an increasing number of investment in research and development (R&D). This is mainly due to the need for faster and more efficient drug discovery and development processes. Mass spectrometry is increasingly being used in R&D activities in these industries due to its ability to quickly and accurately identify and quantify molecules. This is expected to drive the mass spectrometry market over the forecast period.
Opportunities: Growth opportunities in emerging countries
The growth of the mass spectrometry market is driven by the increasing use of the technology in developing countries. The growing applications of the technology in drug discovery and development, research and development, and clinical diagnostics are further driving the market’s growth. Additionally, the increasing focus of manufacturers on emerging countries for the development of new products and technologies is expected to provide immense opportunities for the growth of the market. Developing countries such as India and China are expected to provide abundant growth opportunities for the mass spectrometry market in the coming years. The growth of the healthcare industry in these countries is expected to propel the growth of the market in the near future. Furthermore, the increasing investments by market players in research and development activities and the expansion of their distribution networks in the region are expected to create further opportunities for the mass spectrometry market in the coming years.
Restraints: Premium Product Pricing
Premium product pricing is one of the major factors constraining the growth of the mass spectrometry market. High-end mass spectrometry systems are typically priced at a premium, and these prices can be prohibitive for many potential customers. In addition, the cost of consumables, such as sample preparation kits, is also quite high. Furthermore, the cost of hiring and maintaining skilled personnel, who are needed to operate and maintain these systems, is also a major challenge. These factors limit the adoption of mass spectrometry systems and services, thereby restraining the growth of the market.
Challenges: Dearth of Skilled Professionals
The mass spectrometry market is facing a challenge due to the dearth of skilled professionals. Mass spectrometry is a complex and precise analytical technique, and requires highly trained and experienced personnel. The lack of qualified professionals is a major impediment to the growth of the market. There is a growing need for skilled professionals who can understand and operate the complex instruments used in mass spectrometry. This lack of skilled professionals is hampering the growth of the market. To overcome this challenge, manufacturers and suppliers of mass spectrometry instruments need to focus on developing programs that can train personnel in the use of these instruments. Additionally, manufacturers should consider offering training sessions and workshops to enable users to understand the intricacies of the instruments and their applications.
The pharmaceutical industry end-user segment is expected to grow at the highest CAGR in the mass spectrometry market from 2022 to 2028.
Based on end user, the 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 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 is expected to grow at the highest CAGR in the mass spectrometry market during the forecast period.
Based on the product, the 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).
The life science research segment is expected to grow at the highest CAGR in the mass spectrometry market during the forecast period.
Based on application, the market has been segmented into life science research, drug discovery, environmental testing, food testing, applied industries, clinical diagnostics and other applications. Among these, the life science research segment dominated the market in 2022. The increasing application of omics technology in diagnostics & biomarker identification and the increasing R&D expenditure and government funding for proteomics are expected to drive the market for this segment.
North America is expected to be the largest region of the mass spectrometry market during the forecast period.
North America is estimated to be the largest market for mass spectrometry during the forecast period. The mass spectrometry market in North America is driven primarily by factors such as the 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. In addition, regulatory agencies in the US, such as the Food and Drug Administration (FDA), are encouraging the use of analytical techniques to ensure that the pharmaceutical products released in the market adhere to quality requirements. Lately, 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.
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The major players in the mass spectrometry market are Thermo Fisher Scientific (US), SCIEX (US) Agilent Technologies (US), Waters Corporation (US), PerkinElmer (US), Shimadzu Corporation (Japan), Bruker (US), Analytik Jena (Germany), JEOL (Japan), Rigaku (Japan), DANI Instruments (Italy), LECO (US), Hiden Analytical (UK) among others
Mass Spectrometry Market Report Scope
|
Report Metric |
Details |
|
Market Revenue in 2022 |
$4.5 billion |
|
Estimated Value by 2028 |
$7.0 billion |
|
Growth Rate |
Poised to grow at a CAGR of 7.5% |
|
Market Segmentation |
Technology, Application, End User, And Region |
|
Market Driver |
Increasing R&D investments in the pharmaceutical and biotechnology industries |
|
Market Opportunity |
Growing opportunities in emerging markets |
|
Geographies covered |
North America, Europe, APAC, MEA, and Latin America |
This research report categorizes the mass spectrometry market into following segments & sub-segments:
By Technology
-
Hybrid Mass Spectrometry
- Triple Quadrupole
- Quadrupole ToF (Q-ToF)
- Fourier Transform Mass Spectrometry (FTMS)
-
Single Mass Spectrometry
- Quadrupole
- Time-Of-Flight (ToF)
- Ion Trap
- Other Technologies
By Application
- Life Science Research
- Drug Discovery
- Environmental Testing
- Food Testing
- Applied Industries
- Clinical Diagnostics
- Others
By End Users
- Pharmaceutical Industry
- Biotechnology Industry
- Research & Academic Institutes
- Environmental Testing Industry
- Food & Beverage Testing Industry
- Petrochemical Industry
- Other End Users
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Recent Developments
- In January 2022, Bruker Corporation acquired Hiden Analytical Limited, a leading manufacturer of mass spectrometers. The acquisition will expand Bruker’s range of product and services portfolio in the mass spectrometry market.
- In May 2022, Thermo Fisher Scientific acquired Advanced Scientifics, Inc., a manufacturer of sample introduction systems for mass spectrometers. The acquisition will help the company to expand its product and services portfolio in the field of mass spectrometry.
- In July 2022, Waters Corporation acquired TA Instruments, a manufacturer of mass spectrometers and chromatography systems. The acquisition will help Waters to expand its product portfolio in the mass spectrometry market.
- In August 2022, Agilent Technologies acquired Mosse Automation, a company that specializes in automation and data acquisition solutions for mass spectrometry. The acquisition will help Agilent to expand its product and services portfolio in the mass spectrometry market.
- In October 2022, Shimadzu Corporation acquired Tescan, a manufacturer of mass spectrometers. The acquisition will help Shimadzu to expand its product portfolio in the field of mass spectrometry.
Frequently Asked Questions (FAQs):
What is the projected market value of the global mass spectrometry market?
The global market of mass spectrometry is projected to reach USD 7.0 billion.
What is the estimated growth rate (CAGR) of the global mass spectrometry market for the next five years?
The global mass spectrometry market is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.5% from 2023 to 2028.
What are the major revenue pockets in the mass spectrometry market currently?
Collaborations and agreements, new product launches, expansions, and mergers have been widely adopted strategies by the major players in the mass spectrometry industry.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.2.2 MARKET SCOPE
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY USED FOR THE STUDY
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA SOURCES
FIGURE 2 INDICATIVE LIST OF SECONDARY SOURCES
2.1.2 PRIMARY DATA
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: MASS SPECTROMETRY MARKET
2.2 MARKET SIZE ESTIMATION METHODOLOGY
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 REVENUE MAPPING-BASED MARKET ESTIMATION
2.2.2 END USER -BASED MARKET ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION: GLOBAL MARKET
2.2.3 PRIMARY RESEARCH VALIDATION
2.3 MARKET DATA ESTIMATION & TRIANGULATION
FIGURE 6 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.4.1 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 39)
FIGURE 7 GLOBAL MARKET SHARE, BY TECHNOLOGY, 2020
FIGURE 8 GLOBAL MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
FIGURE 9 GLOBAL MARKET, BY END USER, 2020 VS. 2025 (USD MILLION)
FIGURE 10 GEOGRAPHICAL SNAPSHOT OF THE GLOBAL MARKET
4 PREMIUM INSIGHTS (Page No. - 42)
4.1 MASS SPECTROMETRY MARKET OVERVIEW
FIGURE 11 TECHNOLOGICAL ADVANCEMENTS IN MASS SPECTROMETERS & INCREASING FOOD SAFETY CONCERNS TO DRIVE THE MARKET FOR MASS SPECTROMETRY
4.2 EUROPE: GLOBAL MARKET, BY TECHNOLOGY & COUNTRY (2019)
FIGURE 12 HYBRID MASS SPECTROMETRY SEGMENT HELD THE LARGEST SHARE OF THE EUROPEAN MARKET IN 2020
4.3 GLOBAL MARKET SHARE, BY END USER, 2020 VS. 2025
FIGURE 13 PHARMACEUTICAL INDUSTRY TO DOMINATE THE GLOBAL MARKET BY 2025
4.4 GLOBAL MARKET SHARE, BY TECHNOLOGY, 2020 VS. 2025
FIGURE 14 HYBRID MASS SPECTROMETRY SEGMENT HELD THE LARGEST MARKET SHARE IN 2020
5 MARKET OVERVIEW (Page No. - 45)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 MASS SPECTROMETRY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Technological advancements in mass spectrometers
TABLE 1 PRODUCT LAUNCHES IN THE GLOBAL MARKET
5.2.1.2 Government initiatives for pollution control and environmental testing
TABLE 2 STRINGENT REGULATIONS IN ENVIRONMENTAL TESTING
5.2.1.3 Increasing spending on pharmaceutical R&D
5.2.1.4 Government regulations on drug safety
5.2.1.5 Growing focus on the quality of food products
5.2.1.6 Increase in crude and shale gas production
5.2.2 RESTRAINTS
5.2.2.1 Premium product pricing
5.2.3 OPPORTUNITIES
5.2.3.1 Growing opportunities in emerging markets
TABLE 3 INITIATIVES IN EMERGING COUNTRIES
5.2.4 CHALLENGES
5.2.4.1 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 MARKET
5.5 ECOSYSTEM COVERAGE: ANALYTICAL INSTRUMENTATION MARKET
5.6 VALUE CHAIN ANALYSIS: GLOBAL MARKET
5.7 USE CASE STUDIES: GLOBAL 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 (Page No. - 58)
6.1 INTRODUCTION
TABLE 4 GLOBAL MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
6.2 HYBRID MASS SPECTROMETRY
TABLE 5 HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 6 HYBRID MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 7 HYBRID MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 8 HYBRID MARKET, BY END USER, 2018–2025 (USD MILLION)
6.2.1 TRIPLE QUADRUPOLE MASS SPECTROMETRY
6.2.1.1 Triple quadrupole mass spectrometry dominates the hybrid market
TABLE 9 TRIPLE QUADRUPOLE MARKET, BY REGION, 2018–2025 (USD MILLION)
6.2.2 QUADRUPOLE TIME-OF-FLIGHT MASS SPECTROMETRY
6.2.2.1 Growing use in metabolomics R&D in the pharmaceutical industry to drive market growth
TABLE 10 QUADRUPOLE TIME-OF-FLIGHT MARKET, BY REGION, 2018–2025 (USD MILLION)
6.2.3 FOURIER TRANSFORM MASS SPECTROMETRY
6.2.3.1 High resolution and accuracy are driving the use of FTMS
TABLE 11 FOURIER TRANSFORM MARKET, BY REGION, 2018–2025 (USD MILLION)
6.3 SINGLE MASS SPECTROMETRY
TABLE 12 SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 13 SINGLE MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 14 SINGLE MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 15 SINGLE MARKET, BY END USER, 2018–2025 (USD MILLION)
6.3.1 QUADRUPOLE MASS SPECTROMETRY
6.3.1.1 Quadrupole spectrometry is useful when studying particular ions of interest
TABLE 16 QUADRUPOLE MARKET, BY REGION, 2018–2025 (USD MILLION)
6.3.2 TIME-OF-FLIGHT MASS SPECTROMETRY
6.3.2.1 TOF is rapidly becoming the most popular method of mass separation for proteomics and conventional analytical chemistry
TABLE 17 TIME-OF-FLIGHT MARKET, BY REGION, 2018–2025 (USD MILLION)
6.3.3 ION TRAP MASS SPECTROMETRY
6.3.3.1 Ion trap MS offers high sensitivity, robustness, & rapid identification of low-level components in complex matrices
TABLE 18 ION TRAP MARKET, BY REGION, 2018–2025 (USD MILLION)
6.4 OTHER MASS SPECTROMETRY TECHNOLOGIES
TABLE 19 OTHER MASS SPECTROMETRY TECHNOLOGIES MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 OTHER MASS SPECTROMETRY TECHNOLOGIES MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 21 OTHER MASS SPECTROMETRY TECHNOLOGIES MARKET, BY END USER, 2018–2025 (USD MILLION)
7 MASS SPECTROMETRY MARKET, BY APPLICATION (Page No. - 69)
7.1 INTRODUCTION
TABLE 22 GLOBAL MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.2 LIFE SCIENCE RESEARCH
7.2.1 LIFE SCIENCE RESEARCH FORMS THE LARGEST APPLICATION SEGMENT OF THE GLOBAL MARKET
TABLE 23 GLOBAL MARKET FOR LIFE SCIENCE RESEARCH, BY REGION, 2018–2025 (USD MILLION)
7.3 DRUG DISCOVERY
7.3.1 NEED TO ENSURE DRUG QUALITY AND SAFETY HAVE BOOSTED USE OF MASS SPECTROMETRY ANALYSIS
TABLE 24 GLOBAL MARKET FOR DRUG DISCOVERY, BY REGION, 2018–2025 (USD MILLION)
7.4 ENVIRONMENTAL TESTING
7.4.1 RISING DEMAND FOR WATER TESTING TO DRIVE THE GROWTH OF THIS APPLICATION SEGMENT
TABLE 25 GLOBAL MARKET FOR ENVIRONMENTAL TESTING, BY REGION, 2018–2025 (USD MILLION)
7.5 FOOD TESTING
7.5.1 IMPORTANCE OF FOOD TESTING HAS DRIVEN USE OF MASS SPECTROMETRY
TABLE 26 GLOBAL MARKET FOR FOOD TESTING, BY REGION, 2018–2025 (USD MILLION)
7.6 APPLIED INDUSTRIES
7.6.1 NEED FOR QUALITY CONTROL IN APPLIED INDUSTRIES TO SUPPORT MARKET GROWTH
TABLE 27 GLOBAL MARKET FOR APPLIED INDUSTRIES, BY REGION, 2018–2025 (USD MILLION)
7.7 CLINICAL DIAGNOSTICS
7.7.1 METHODOLOGICAL IMPROVEMENTS AND TECHNOLOGICAL INNOVATIONS TO CREATE OPPORTUNITIES FOR MASS SPECTROMETRY
TABLE 28 GLOBAL MARKET FOR CLINICAL DIAGNOSTICS, BY REGION, 2018–2025 (USD MILLION)
7.8 OTHER APPLICATIONS
TABLE 29 GLOBAL MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2025 (USD MILLION)
8 MASS SPECTROMETRY MARKET, BY END USER (Page No. - 77)
8.1 INTRODUCTION
TABLE 30 GLOBAL MARKET, BY END USER, 2018–2025 (USD MILLION)
8.2 PHARMACEUTICAL INDUSTRY
8.2.1 PHARMACEUTICALS FORM THE LARGEST END-USER SEGMENT OF THE GLOBAL MARKET
TABLE 31 GLOBAL MARKET FOR THE PHARMACEUTICAL INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
8.3 BIOTECHNOLOGY INDUSTRY
8.3.1 GROWING BIOPHARMACEUTICAL APPLICATIONS TO DRIVE THE GLOBAL MARKET
TABLE 32GLOBAL MARKET FOR THE BIOTECHNOLOGY INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
8.4 RESEARCH & ACADEMIC INSTITUTES
8.4.1 EMERGING APPLICATIONS IN THE BIOMEDICAL SECTOR TO SUPPORT THE GROWTH OF THIS SEGMENT
TABLE 33 GLOBAL MARKET FOR RESEARCH & ACADEMIC INSTITUTES, BY REGION, 2018–2025 (USD MILLION)
8.5 ENVIRONMENTAL TESTING INDUSTRY
8.5.1 GROWING POLLUTION LEVELS & RISING ENVIRONMENTAL AWARENESS TO DRIVE THE GROWTH OF THIS SEGMENT
TABLE 34 GLOBAL MARKET FOR THE ENVIRONMENTAL TESTING INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
8.6 FOOD & BEVERAGE TESTING INDUSTRY
8.6.1 GROWING FOOD SAFETY CONCERNS TO SUPPORT MARKET GROWTH
TABLE 35 GLOBAL MARKET FOR THE FOOD & BEVERAGE TESTING INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
8.7 PETROCHEMICAL INDUSTRY
8.7.1 GROWING NUMBER OF NEW OIL & GAS FIELDS IS A MAJOR DRIVER OF THE SEGMENT
TABLE 36 GLOBAL MARKET FOR THE PETROCHEMICAL INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
8.8 OTHER END USERS
TABLE 37 GLOBAL MARKET FOR OTHER END USERS, BY REGION, 2018–2025 (USD MILLION)
9 MASS SPECTROMETRY MARKET, BY REGION (Page No. - 85)
9.1 INTRODUCTION
TABLE 38 GLOBAL MARKET, BY REGION, 2018–2025 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 16 NORTH AMERICA: MASS SPECTROMETRY MARKET SNAPSHOT
TABLE 39 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 40 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 41 NORTH AMERICA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 42 NORTH AMERICA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 43 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 44 NORTH AMERICA: MARKET, BY END USER, 2018–2025 (USD MILLION)
9.2.1 US
9.2.1.1 The US holds the largest share of the North American market
TABLE 45 US: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 46 US: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 47 US: SINGLE MARKET, BY TYPE, 2018–2026 (USD MILLION)
9.2.2 CANADA
9.2.2.1 Funding for innovation-based research will propel the market in Canada
TABLE 48 CFI FUNDING TOWARD MASS SPECTROMETRY PROJECTS
TABLE 49 CANADA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 50 CANADA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 51 CANADA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.3 EUROPE
TABLE 52 EUROPE: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 53 EUROPE: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 54 EUROPE: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 55 EUROPE: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 56 EUROPE: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 57 EUROPE: MARKET, BY END USER, 2018–2025 (USD MILLION)
9.3.1 GERMANY
9.3.1.1 The growth of the German cosmetics industry will aid the growth of its mass spectrometry market
TABLE 58 GERMANY: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 59 GERMANY: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 60 GERMANY: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.3.2 UK
9.3.2.1 Rising food safety concerns to drive market growth in the UK
TABLE 61 UK: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 62 UK: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 63 UK: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.3.3 FRANCE
9.3.3.1 The strong perfume industry and the growing number of pharma startups will drive the demand for mass spectrometry
TABLE 64 FRANCE: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 65 FRANCE: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 66 FRANCE: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.3.4 ITALY
9.3.4.1 Italy showcases a favorable scenario for the biotech and pharma industry
TABLE 67 ITALY: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 68 ITALY: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 69 ITALY: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.3.5 SPAIN
9.3.5.1 Spain’s strong food & beverage industry will aid the adoption of mass spectrometers
TABLE 70 SPAIN: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 71 SPAIN: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 72 SPAIN: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.3.6 REST OF EUROPE
TABLE 73 ROE: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 74 ROE: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 75 ROE: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.4 ASIA PACIFIC
FIGURE 17 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 76 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 77 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 78 ASIA PACIFIC: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 79 ASIA PACIFIC: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 80 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 81 ASIA PACIFIC: MARKET, BY END USER, 2018–2025 (USD MILLION)
9.4.1 CHINA
9.4.1.1 China holds the largest share of the mass spectrometry market in the APAC
TABLE 82 CHINA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 83 CHINA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 84 CHINA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.4.2 JAPAN
9.4.2.1 Availability of funding for mass spectrometry projects and growing food safety concerns are driving market growth
TABLE 85 JAPAN: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 86 JAPAN: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 87 JAPAN: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.4.3 INDIA
9.4.3.1 Stringent environmental monitoring regulations in India to boost the use of mass spectrometry
TABLE 88 INDIA: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 89 INDIA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 90 INDIA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.4.4 SOUTH KOREA
9.4.4.1 Growing pharmaceutical and cosmetic industry to boost the use of mass spectrometry
TABLE 91 SOUTH KOREA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 92 SOUTH KOREA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 93 SOUTH KOREA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.4.5 AUSTRALIA
9.4.5.1 Government funding for improved research infrastructure to fuel the demand for mass spectrometry
TABLE 94 AUSTRALIA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 95 AUSTRALIA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 96 AUSTRALIA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.4.6 SOUTHEAST ASIA
9.4.6.1 Expanding footprint of market leaders in Malaysia and Singapore will aid market growth in Southeast Asia
TABLE 97 SOUTHEAST ASIA: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 98 SOUTHEAST ASIA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 99 SOUTHEAST ASIA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.4.7 REST OF ASIA PACIFIC
TABLE 100 ROAPAC: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 101 ROAPAC: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 102 ROAPAC: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.5 LATIN AMERICA
TABLE 103 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 104 LATIN AMERICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 105 LATIN AMERICA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 106 LATIN AMERICA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 107 LATIN AMERICA: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 108 LATIN AMERICA: MARKET, BY END USER, 2018–2025 (USD MILLION)
9.5.1 BRAZIL
9.5.1.1 Growing biotechnology and pharmaceutical industries to support market growth in Brazil
TABLE 109 BRAZIL: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 110 BRAZIL: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 111 BRAZIL: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.5.2 MEXICO
9.5.2.1 Growing demand for high-quality food expected to create opportunities for mass spectrometry
TABLE 112 MEXICO: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 113 MEXICO: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 114 MEXICO: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.5.3 REST OF LATIN AMERICA
TABLE 115 REST OF LATAM: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 116 REST OF LATAM: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 117 REST OF LATAM: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
9.6 MIDDLE EAST & AFRICA
9.6.1 STRONG OIL & GAS INDUSTRY AND RISING AWARENESS ON FOOD SAFETY HAVE DRAWN COMPANY FOCUS TO THE MEA
TABLE 118 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 119 MIDDLE EAST & AFRICA: HYBRID MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 120 MIDDLE EAST & AFRICA: SINGLE MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 121 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 122 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2018–2025 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 126)
10.1 INTRODUCTION
FIGURE 18 KEY DEVELOPMENTS IN THE MASS SPECTROMETRY MARKET, 2017–2020
10.2 MARKET SHARE ANALYSIS
FIGURE 19 GLOBAL MARKET SHARE ANALYSIS, BY KEY PLAYER, 2019
10.3 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
10.3.1 VISIONARY LEADERS
10.3.2 INNOVATORS
10.3.3 EMERGING COMPANIES
10.3.4 DYNAMIC DIFFERENTIATORS
FIGURE 20 GLOBAL MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
10.4 COMPETITIVE LEADERSHIP MAPPING (EMERGING PLAYERS)
10.4.1 PROGRESSIVE COMPANIES
10.4.2 STARTING/EMERGING BLOCKS
10.4.3 RESPONSIVE COMPANIES
10.4.4 DYNAMIC COMPANIES
FIGURE 21 MASS SPECTROMETRY MARKET: COMPETITIVE LEADERSHIP MAPPING FOR EMERGING PLAYERS, 2019
10.5 COMPETITIVE SCENARIO
10.5.1 PRODUCT LAUNCHES
10.5.2 AGREEMENTS & COLLABORATIONS
10.5.3 ACQUISITIONS
10.5.4 EXPANSIONS
11 COMPANY PROFILES (Page No. - 137)
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 THERMO FISHER SCIENTIFIC
FIGURE 22 THERMO FISHER SCIENTIFIC: COMPANY SNAPSHOT
11.2 SCIEX
11.3 AGILENT TECHNOLOGIES
FIGURE 23 AGILENT TECHNOLOGIES: COMPANY SNAPSHOT
11.4 WATERS CORPORATION
FIGURE 24 WATERS CORPORATION: COMPANY SNAPSHOT
11.5 SHIMADZU CORPORATION
FIGURE 25 SHIMADZU CORPORATION: COMPANY SNAPSHOT
11.6 BRUKER CORPORATION
FIGURE 26 BRUKER: COMPANY SNAPSHOT
11.7 PERKINELMER
FIGURE 27 PERKINELMER: COMPANY SNAPSHOT
11.8 JEOL
FIGURE 28 JEOL: COMPANY SNAPSHOT
11.9 FLIR SYSTEMS
FIGURE 29 FLIR SYSTEMS: COMPANY SNAPSHOT
11.10 MKS INSTRUMENTS
FIGURE 30 MKS INSTRUMENTS: COMPANY SNAPSHOT
11.11 ANALYTIK JENA
11.12 HIDEN ANALYTICAL
11.13 DANI INSTRUMENTS
11.14 RIGAKU
11.15 LECO
11.16 KORE TECHNOLOGY
11.17 EXTREL CMS
11.18 MASSTECH
11.19 AMETEK PROCESS INSTRUMENTS
11.20 ADVION
*Business Overview, Products Offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 182)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the mass spectrometry market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to determine the market size of the segments and sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the mass spectrometry market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The mass spectrometry market comprises several stakeholders, such as end-product manufacturers, raw material providers, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as pharmaceutical industry, biotechnology industry, research & academic institutes, environmental testing industry, food & beverage testing industry, petrochemical industry among others. The supply-side is characterized by raw material providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents are given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the mass spectrometry market and its dependent submarkets. These methods were also used extensively to determine the extent of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and demand have been identified through extensive secondary research, and their market share has been determined through both primary and secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the end-use industries.
Report Objectives
- To define, describe, and forecast the mass spectrometry market based on technology, application, end user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall mass spectrometry market
- To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to five major regions and their countries—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To strategically profile the key global players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as product launches, upgrades, and approvals; partnerships, agreements, and collaborations; acquisitions; and expansions in the mass spectrometry market
- To benchmark players within the market using the proprietary Competitive Leadership Mapping framework, which analyzes players on various parameters within the broad categories of business and product excellence strategy
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the mass spectrometry market report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Mass Spectrometry Market
Thanks You For the good information sharing with us.
Which geography will have the largest share of the global Mass Spectrometry Market?
Thank you. This is, as usual, an authoritative survey of the field. A perspective for science historians would be tracing the evolution as backwards as your collected data and forecasts go. This is a totally virgin field that is worth investigation. I am looking for contact, since I am in your mailing list. Best regards