Mass Spectrometry Market by Platform (Hybrid mass spectrometry (Triple Quadrupole, QTOF & FTMS), Single mass spectrometry (Quadrupole, TOF & Ion Trap)), Application (Pharmaceuticals, Biotechnology, Environmental testing) - Global Forecast to 2022

The global mass spectrometry market is projected to be valued at USD 3.44 Billion in 2016 and is expected to grow at a CAGR of 7.4% to reach USD 5.27 Billion by 2022. The growth of the overall market can be attributed to the increase in investment on pharmaceutical research and development, government initiatives for pollution control and environmental testing and technological advancements in mass spectrometry. In the coming years, North America is expected to account for the largest share of the global mass spectrometry market. However, the high cost of equipment is likely to restrain the growth of the market during the forecast period. Base year considered for the report is 2016 and the forecast period includes 2017–2022.

Objectives of the Study:

• To define, describe, and forecast the global mass spectrometry market with respect to platform, application, and region
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders
• To forecast the size of the market with respect to four main regions North America, Europe, Asia Pacific, and the Rest of the World
• To profile the key players in the global mass spectrometry market and comprehensively analyze their core competencies
• To track and analyze competitive developments such as agreements and partnerships, collaborations, acquisitions, reprocessed medical device developments, and service launches of the leading players in the market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global mass spectrometry market and estimate the size of other dependent submarkets. Various secondary sources such as associations like the American Society for Mass Spectrometry (ASMS), Canadian Society for Mass Spectrometry (CSMS), International Mass Spectrometry Society (IMSS), The British Mass Spectrometry Society (BMSS), directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

The major players in the mass spectrometry market include Sciex (Subsidiary of Danaher) (US), Agilent Technologies (US), Thermo Fisher Scientific (US), and PerkinElmer (US).

Target Audience:

• Mass spectrometry manufacturers
• Mass spectrometry distributors
• Food and beverage testing industries
• Vendors/service providers
• Research institutes
• Pharmaceutical and biotechnology companies
• Research and consulting firms

Scope of the Report:

The research report categorizes the mass spectrometry market into the following segments and subsegments:

Mass spectrometry Market, by Platform

• Single Mass Spectrometry
  • Quadrupole Mass Spectrometry
  • Time-of-Flight Mass spectrometry
  • Ion Trap Mass spectrometry
• Hybrid Mass Spectrometry
  • Triple Quadrupole Mass spectrometry
  • Quadrupole Time-of-Flight Mass spectrometry
  • Fourier Transform Mass spectrometry
• Other Mass Spectrometry

Mass Spectrometry Market, by Application

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

Mass Spectrometry Market, by Region

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe (RoE)
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

• Further breakdown of the Rest of Europe mass spectrometry market Russia, Sweden, Austria, Denmark, and other European countries

Company Information

• Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Methodology Steps
           2.1.1 Secondary Research
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Research
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Data Insights From Primary Sources
    2.2 Market Size Estimation Methodology
    2.3 Market Data Estimation and Triangulation
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 33)
    4.1 Mass Spectrometry: Market Overview
    4.2 Asia Pacific Market, By Platform, By Country 2017
    4.3 Market, By Platform (2017 vs 2022)
    4.4 Market Size, By Application, 2017 vs 2022 (USD Million)
    4.5 Geographic Snapshot of the Mass Spectrometry Market

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Technological Advancements in Mass Spectrometry
                    5.2.1.2 Government Initiatives for Pollution Control and Environmental Testing
                    5.2.1.3 Funding and Investments
                    5.2.1.4 Increasing Spending on Pharmaceutical R&D Across the Globe
                    5.2.1.5 Government Regulations on Drug Safety
                    5.2.1.6 Rising Focus on Ensuring the Quality of Food Products
                    5.2.1.7 Growing Petrochemical Industry
           5.2.2 Restraints
                    5.2.2.1 High Cost of Mass Spectrometry Systems
           5.2.3 Opportunities
                    5.2.3.1 Growth Potential in Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Dearth of Skilled Professionals

6 Mass Spectrometry Market, By Platform (Page No. - 43)
    6.1 Introduction
    6.2 Single Mass Spectrometry
           6.2.1 Quadrupole
           6.2.2 Time-Of-Flight (TOF)
           6.2.3 ION Trap
    6.3 Hybrid Mass Spectrometry
           6.3.1 Fourier Transform Mass Spectrometry (FTMS)
           6.3.2 Triple Quadrupole
           6.3.3 Quadrupole TOF (Q-TOF)
    6.4 Other Platforms

7 Mass Spectrometry Market, By Application (Page No. - 59)
    7.1 Introduction
    7.2 Pharmaceutical Applications
    7.3 Biotech Applications
    7.4 Petrochemical Applications
    7.5 Environmental Testing
    7.6 Food & Beverage Testing
    7.7 Other Applications

8 Mass Spectrometry Market, By Region (Page No. - 69)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
    8.3 Europe
           8.3.1 Germany
           8.3.2 UK
           8.3.3 Italy
           8.3.4 France
           8.3.5 Spain
           8.3.6 Rest of Europe
    8.4 Asia Pacific
           8.4.1 Japan
           8.4.2 China
           8.4.3 India
           8.4.4 Rest of Asia Pacific
    8.5 Rest of the World (RoW)

9 Competitive Landscape (Page No. - 114)
    9.1 Market Share Analysis, 2016
    9.2 Competitive Situation and Trends
           9.2.1 Product Launches and Product Enhancements
           9.2.2 Collaborations, Agreements, and Partnerships
           9.2.3 Expansions

10 Company Profiles (Page No. - 121)
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments.)*
     10.1 Agilent Technologies
     10.2 Sciex (A Subsidiary of Danaher)
     10.3 Waters Corporation
     10.4 Bruker
     10.5 Thermo Fisher Scientific
     10.6 Perkinelmer
     10.7 Shimadzu Corporation
     10.8 Jeol
     10.9 Analytik Jena (A Subsidiary of Endress Hauser)
     10.10 Hiden Analytical
     10.11 Dani Instruments
     10.12 Rigaku
     10.13 Leco

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 165)
     11.1 Key Industry Insights
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details

List of Tables (109 Tables)

Table 1 Indicative List of Recent Product Launches in the Mass Spectrometry Market
Table 2 Government Initiatives (Mass Spectrometry Market, 2014-2016)
Table 3 Funding for Environmental Testing and Pollution Control Programs
Table 4 Mass Spectrometry Market, By Platform, 2015–2022 (USD Million)
Table 5 Single MS Market, By Type, 2015–2022 (USD Million)
Table 6 Single MS Market, By Region, 2015–2022 (USD Million)
Table 7 Single MS Market, By Region, 2015–2022 (Units)
Table 8 Quadrupole Mass Spectrometry Market, By Region, 2015–2022 (USD Million)
Table 9 Quadrupole MS Market, By Region, 2015–2022 (Units)
Table 10 Time-Of-Flight Mass Spectrometry Market, By Region, 2015–2022 (USD Million)
Table 11 Time-Of-Flight MS Market, By Region, 2015–2022 (Units)
Table 12 ION Trap Mass Spectrometry Market, By Region, 2015–2022 (USD Million)
Table 13 ION Trap MS Market, By Region, 2015–2022 (Units)
Table 14 Hybrid Mass Spectrometry Market, By Type, 2015–2022 (USD Million)
Table 15 Hybrid MS Market, By Region, 2015–2022 (USD Millions)
Table 16 Hybrid MS Market, By Region, 2015–2022 (Units)
Table 17 FTMS Mass Spectrometry Market, By Region, 2015–2022 (USD Million)
Table 18 FTMS Market, By Region, 2015–2022 (Units)
Table 19 Triple Quadrupole MS Market, By Region, 2015–2022 (USD Million)
Table 20 Triple Quadrupole MS Market, By Region, 2015–2022 (Units)
Table 21 Q-TOF MS Market, By Region, 2015–2022 (USD Million)
Table 22 Q-TOF MS Market, By Region, 2015–2022 (Units)
Table 23 Other Platforms Market, By Region, 2015–2022 (USD Million)
Table 24 Market for Other Platforms, By Region, 2015–2022 (Units)
Table 25 Mass Spectrometry Market, By Application, 2015–2022 (USD Million)
Table 26 Market for Pharmaceutical Applications, By Country, 2015–2022 (USD Million)
Table 27 Market for Biotech Applications, By Country, 2015–2022 (USD Million)
Table 28 Market for Petrochemical Applications, By Country, 2015–2022 (USD Million)
Table 29 Market for Environmental Testing, By Country, 2015–2022 (USD Million)
Table 30 Market for Food and Beverage Testing, By Country, 2015–2022 (USD Million)
Table 31 Market for Other Applications, By Country, 2015–2022 (USD Million)
Table 32 Global Market, By Region, 2015–2022 (USD Million)
Table 33 North America: Market, By Country, 2015–2022 (USD Million)
Table 34 North America: Market, By Platform, 2015–2022 (USD Million)
Table 35 North America: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 36 North America: Single MS Market, By Type, 2015–2022 (USD Million)
Table 37 North America: Market, By Application, 2015–2022 (USD Million)
Table 38 Prominent Events in the Us
Table 39 US: Market, By Platform, 2015–2022 (USD Million)
Table 40 US: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 41 US: Single MS Market, By Type, 2015–2022 (USD Million)
Table 42 US: Market, By Application, 2015–2022 (USD Million)
Table 43 Prominent Events in Canada
Table 44 Canada: Market, By Platform, 2015–2022 (USD Million)
Table 45 Canada: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 46 Canada: Single MS Market, By Type, 2015–2022 (USD Million)
Table 47 Canada: Market, By Application, 2015–2022 (USD Million)
Table 48 Europe: Market, By Country, 2015–2022 (USD Million)
Table 49 Europe: Market, By Platform, 2015–2022 (USD Million)
Table 50 Europe: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 51 Europe: Single MS Market, By Type, 2015–2022 (USD Million)
Table 52 Europe: Market, By Application, 2015–2022 (USD Million)
Table 53 Prominent Events in Germany (2014-2017)
Table 54 Germany: Market, By Technology, 2015–2022 (USD Million)
Table 55 Germany: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 56 Germany: Single MS Market, By Type, 2015–2022 (USD Million)
Table 57 Germany: Market, By Application, 2015–2022 (USD Million)
Table 58 UK: Market, By Technology, 2015–2022 (USD Million)
Table 59 UK: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 60 UK: Single MS Market, By Type, 2015–2022 (USD Million)
Table 61 UK: Market, By Application, 2015–2022 (USD Million)
Table 62 Italy: Market, By Platform, 2015–2022 (USD Million)
Table 63 Italy: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 64 Italy: Single MS Market, By Type, 2015–2022 (USD Million)
Table 65 Italy: Market, By Application, 2015–2022 (USD Million)
Table 66 France: Market, By Platform, 2015–2022 (USD Million)
Table 67 France: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 68 France: Single MS Market, By Type, 2015–2022 (USD Million)
Table 69 France: Market, By Application, 2015–2022 (USD Million)
Table 70 Spain: Market, By Platform, 2015–2022 (USD Million)
Table 71 Spain: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 72 Spain: Single MS Market, By Type, 2015–2022 (USD Million)
Table 73 Spain: Market, By Application, 2015–2022 (USD Million)
Table 74 RoE: Market, By Platform, 2015–2022 (USD Million)
Table 75 RoE: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 76 RoE: Single MS Market, By Type, 2015–2022 (USD Million)
Table 77 RoE: Market, By Application, 2015–2022 (USD Million)
Table 78 Asia Pacific: Market, By Country, 2015–2022 (USD Million)
Table 79 Asia Pacific: Market, By Platform, 2015–2022 (USD Million)
Table 80 Asia Pacific: Single MS Market, By Type, 2015–2022 (USD Million)
Table 81 Asia Pacific: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 82 Asia Pacific: Market, By Application, 2015–2022 (USD Million)
Table 83 Prominent Events in Japan
Table 84 Japan: Market, By Platform, 2015–2022 (USD Million)
Table 85 Japan: Single MS Market, By Type, 2015–2022 (USD Million)
Table 86 Japan: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 87 Japan: Market, By Application, 2015–2022 (USD Million)
Table 88 China: Market, By Platform, 2015–2022 (USD Million)
Table 89 China: Single MS Market, By Type, 2015–2022 (USD Million)
Table 90 China: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 91 China: Market, By Application, 2015–2022 (USD Million)
Table 92 Prominent Events in India
Table 93 India: Market, By Platform, 2015–2022 (USD Million)
Table 94 India: Single MS Market, By Type, 2015–2022 (USD Million)
Table 95 India: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 96 India: Market, By Application, 2015–2022 (USD Million)
Table 97 RoAPAC: Market, By Platform, 2015–2022 (USD Million)
Table 98 RoAPAC: Single MS Market, By Type, 2015–2022 (USD Million)
Table 99 RoAPAC: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 100 RoAPAC: Market, By Application, 2015–2022 (USD Million)
Table 101 Prominent Events in the UAE
Table 102 RoW: Market, By Platform, 2015–2022 (USD Million)
Table 103 RoW: Hybrid MS Market, By Type, 2015–2022 (USD Million)
Table 104 RoW: Single MS Market, By Type, 2015–2022 (USD Million)
Table 105 RoW: Market, By Application, 2015–2022 (USD Million)
Table 106 Product Launches and Product Enhancements, By Company (2014–2017)
Table 107 Collaborations, Agreements, and Partnerships, 2014–2017
Table 108 Expansions (2014–2017)
Table 109 Other Strategies (2014–2017)

List of Figures (36 Figures)

Figure 1 Global Mass Spectrometry Market: Research Methodology Steps
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Research Design
Figure 6 Data Triangulation
Figure 7 Hybrid MS Segment to Register the Highest CAGR During the Forecast Period
Figure 8 Pharmaceutical Applications Segment to Register the Highest CAGR in the Global Mass Spectrometry Market Between 2017 & 2022
Figure 9 Geographical Snapshot of the Global MS Market
Figure 10 Rising Adoption of MS in Pharmaceutical and Environmental Analysis Will Drive Market Growth
Figure 11 China to Account for the Largest Share of the Hybrid MS Market in 2017
Figure 12 Hybrid MS Segment Will Continue to Dominate the Market in 2022
Figure 13 Pharmaceutical Applications Segment is Expected to Account for the Largest Market Share in 2022
Figure 14 North America to Register the Highest Growth Rate in the Forecast Period
Figure 15 Mass Spectrometry Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Hybrid MS Segment to Dominate the MS Market in 2022
Figure 17 Pharmaceutical Applications Segment to Grow at the Highest CAGR During the Forecast Period
Figure 18 North America to Command the Largest Share of the Global MS Market in 2017
Figure 19 North America: Market Snapshot
Figure 20 Europe: Market Snapshot
Figure 21 Asia Pacific: MS Market Snapshot
Figure 22 Petrochemical Industry to Witness the Highest Growth in the RoW MS Market
Figure 23 Global Market Share Analysis, By Key Player, 2016
Figure 24 Battle for Market Share: Product Launches and Product Enhancements Formed the Key Growth Strategy
Figure 25 Key Developments of the Prominent Players in MS Market (2013–2017)
Figure 26 Product Launches and Product Enhancements, By Company (2014–2017)
Figure 27 Collaborations, Agreements, and Partnerships, By Company (2014–2017)
Figure 28 Expansions, By Company (2014–2017)
Figure 29 Key Players Focusing on Other Strategies, By Company (2014–2017)
Figure 30 Agilent Technologies: Company Snapshot
Figure 31 Waters Corporation: Company Snapshot
Figure 32 Bruker: Company Snapshot
Figure 33 Thermo Fisher Scientific: Company Snapshot
Figure 34 Perkinelmer: Company Snapshot
Figure 35 Shimadzu Corporation: Company Snapshot
Figure 36 Jeol: Company Snapshot

The global mass spectrometry market is expected to reach USD 5.27 Billion by 2022 from USD 3.68 Billion in 2017, at a CAGR of 7.4%. The growth of this market is majorly driven by technological advancements in mass spectrometry, government initiatives for pollution control and environmental testing, increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety and growing petrochemical industry. However, the high cost of equipment is likely to restrain the growth of the market during the forecast period.

Availability of government funding for various research projects in a number of countries such as the US and Canada will open new opportunities for market players. In the US, the National Institute of Health (NIH) has provided a grant of USD 694 Million for Environmental Health Sciences (NIEHS) and USD 344 Million for Biomedical Imaging/Bioengineering (NIBIB). In March 2016, the Minister of State for Science and Technology announced an investment of USD 23 million for supporting 95 research projects at 26 universities across Canada.

The report analyzes the market by platform, application, and region. On the basis of platform, the market is segmented into single mass spectrometry, hybrid mass spectrometry, and other mass spectrometry. The hybrid mass spectrometry segment is expected to account for the largest share of the market in 2017, owing to its increased use in determining the structure of organic compounds. Based on application, the market is segmented into pharmaceutical applications, biotech applications, environmental testing, food and beverage testing, petrochemical applications, and other applications. In 2017, the pharmaceutical applications segment is expected to account for the largest share of the mass spectrometry market and is also projected to register the highest CAGR during the forecast period.

Geographically, North America is estimated to account for the largest share of the global market, followed by Europe. Availability of government funding, growing biotech and biopharma R&D in the US are the major factors driving the growth of the market. Growing funding for R&D in Canada will also drive market growth during the forecast period. However, high cost of mass spectrometry instruments is restraining the growth of this market.

As of 2016, the global mass spectrometry market was dominated by Agilent Technologies (US) Thermo Fisher Scientific (US), Waters Corporation (US), and SCIEX (Subsidiary of Danaher) (US). These companies accounted for a majority share of the global market in 2016. The other players involved in this market include Bruker (US), PerkinElmer (US), JEOL (Japan), Analytik Jena (Germany), Hiden Analytical (UK), Rigaku Corporation (Japan), LECO (US), and DANI Instruments (Italy).

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