Mass Spectrometry Market

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Mass Spectrometry Market by Technology [Hybrid (Triple Quadrupole, QTOF, FTMS), Single (Quadrupole, TOF, Ion Trap), Others], Application (Life Science Research, Clinical Diagnostics), Enduser (Pharma-Biotech, Environmental, F&B) - Global Forecasts to 2025

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Report Code: AST 3787 Feb, 2021, by marketsandmarkets.com

[190 Pages Report] 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.

Mass Spectrometry Market

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The unexpected outbreak of COVID-19 has significantly affected the mass spectrometry market. The market is expected to witness a diverse set of adoption in 2020. Mass spectroscopy adoption for testing applications is high in healthcare & pharmaceuticals, biological research, and food & beverages industries. New drug development, and drug repurposing, and the increasing production of pharma formulations have led to an increasing need for safety and quality measures in the pharma industry. Stringent government regulations and increased demand for quality maintenance in these industries drive the adoption of mass spectrometry. However, supply chain disruptions in the petrochemical industry, and regulatory relaxation in pollution monitoring is expected to limit the adoption of mass spectrometers.

Mass Spectrometry Market Dynamics

Driver: Increasing R&D investments in the pharmaceutical and biotechnology industry

The R&D expenditure of pharmaceutical companies has increased significantly over the last two decades.Research activities in the pharmaceutical and biotechnology industries are driven by investments in key areas, such as biopharmaceuticals and personalized medicine. According to the 2018 EU Industrial R&D Investment Scoreboard, the pharmaceutical and biotechnology sector amounts to 18.9% of total global R&D expenditure. Mass spectrometry plays a key role in the pharmaceutical industry, from the early stages of drug discovery to late-stage development and clinical trials. Thus, increasing funding in the pharmaceutical and biotechnology industry is expected to drive the growth of the mass spectrometry market.

Restraints: Premium Product Pricing

Spectrometry instruments are equipped with advanced features and functionalities and are thus priced at a premium. Apart from the system’s cost, the cost of compliance of the system to industry standards is also very high. Owing to technological advancements and increased operational efficiencies, the demand for mass spectrometers has grown over the years. However, technological developments have increased system prices. The price of a spectrometer influences the purchase decision of end users. Pharmaceutical companies require many such systems, and hence, the capital cost increases significantly. Furthermore, academic research laboratories find it difficult to afford such systems, as they have controlled budgets. These are the major factors limiting the adoption of mass spectrometry systems among end users.

Opportunities: Growth opportunities in emerging countries

Developing countries such as China and India present various opportunities for the growth of the mass spectrometry market. Together, China and India generate a huge demand for single mass spectrometers and hybrid spectrometry instruments due to the Greenfield projects being set up in various end-user industries in these countries. The biopharmaceutical industry in these countries is robust and is expected to contribute largely to the growth of the spectrometry and chromatography markets. Key industry players are establishing new facilities, R&D centers, and innovation centers to capitalize on this opportunity and engaging in collaborations with players in the Asian market.

Challenges: Dearth of Skilled Professionals

Skilled personnel with relevant experience and knowledge are required for the efficient use of spectrometry equipment. Errors such as misplacing a sample in GC-MS or LC-MS or issues such as fingerprints or bubbles in the solution can impact the quality of the final result. Moreover, in mass spectrometry, sample preparation (including aliquoting, dilution, and extraction) is a key step in isolating the analyte of interest. It eliminates interferences that could affect the precision of the result. The lack of knowledge regarding the right choice of technology also affects results and may incur direct and indirect expenses for end users. There is currently a dearth of skilled personnel for method development, validation, operation, and troubleshooting activities, which is expected to restrain the growth of the mass spectrometry market to a certain extent in the coming years.

The pharmaceutical industry end-user segment is expected to grow at the highest CAGR 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 Tvailability 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 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).

The life science research segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the mass spectrometry 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 2019. 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 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.

Mass Spectrometry Market by Region

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Key Market Players

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

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Scope of the Report

Report Metric

Details

Market Size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD Billion)

Segments covered

Technology, Application, End User, And Region

Geographies covered

North America, Europe, Latin America, Asia Pacific, and Middle East & Africa

Companies covered

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), Kore Technology (UK), Extrel CMS (US), MassTech Inc. (US), AMETEK Process Instruments (US), MKS Instruments (US), Advion (US), and FLIR Systems (US).

This research report categorizes the mass spectrometry market based on technology, application, end user, and region

Based on the 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

Based on Application:

  • Life Science Research
  • Drug Discovery
  • Environmental Testing
  • Food Testing
  • Applied Industries
  • Clinical Diagnostics
  • Others

Based on End Users:

  • Pharmaceutical Industry
  • Biotechnology Industry
  • Research & Academic Institutes
  • Environmental Testing Industry
  • Food & Beverage Testing Industry
  • Petrochemical Industry
  • Other End Users

Based on the Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Recent Developments

  • In 2020, Shimadzu expanded its operation by establishing its branch office in Copenhagen, Denmark. This expansion focuses on providing its full range of analytical instrumentation solutions in the region.
  • In 2019, Agilent Technologies partnered with MOBILion Systems for ion mobility separation technology on its Q-TOF mass spectrometers.
  • In March 2019, ThermoFisher acquired HighChem, a developer of mass spectrometry software that will enhance the company’s existing mass spectrometry software portfolio.

Key Questions Addressed by the Report

  1. The report identifies and addresses the key segments of the mass spectrometry market, which will help manufacturers and service providers review the growth in demand.
  2. The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
  3. The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
  4. The report addresses the market share analysis of key players in the mass spectrometry market. With the help of this, companies can enhance their revenues in their respective markets.
  5. The report provides insights about emerging geographies for mass spectrometer sales, and hence, the entire market ecosystem can gain a competitive advantage.

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: MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET SHARE, BY TECHNOLOGY, 2020
    FIGURE 8 MASS SPECTROMETRY MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
    FIGURE 9 MASS SPECTROMETRY MARKET, BY END USER, 2020 VS. 2025 (USD MILLION)
    FIGURE 10 GEOGRAPHICAL SNAPSHOT OF THE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY & COUNTRY (2019)
           FIGURE 12 HYBRID MASS SPECTROMETRY SEGMENT HELD THE LARGEST SHARE OF THE EUROPEAN MASS SPECTROMETRY MARKET IN 2020
    4.3 MASS SPECTROMETRY MARKET SHARE, BY END USER, 2020 VS. 2025
           FIGURE 13 PHARMACEUTICAL INDUSTRY TO DOMINATE THE MASS SPECTROMETRY MARKET BY 2025
    4.4 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 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 (Page No. - 58)
    6.1 INTRODUCTION
           TABLE 4 MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
    6.2 HYBRID MASS SPECTROMETRY
           TABLE 5 HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 6 HYBRID MASS SPECTROMETRY MARKET, BY REGION, 2018–2025 (USD MILLION)
           TABLE 7 HYBRID MASS SPECTROMETRY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 8 HYBRID MASS SPECTROMETRY 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 mass spectrometry market
                               TABLE 9 TRIPLE QUADRUPOLE MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.3 SINGLE MASS SPECTROMETRY
           TABLE 12 SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 13 SINGLE MASS SPECTROMETRY MARKET, BY REGION, 2018–2025 (USD MILLION)
           TABLE 14 SINGLE MASS SPECTROMETRY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 15 SINGLE MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET
                    TABLE 23 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET FOR CLINICAL DIAGNOSTICS, BY REGION, 2018–2025 (USD MILLION)
    7.8 OTHER APPLICATIONS
           TABLE 29 MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET, BY END USER, 2018–2025 (USD MILLION)
    8.2 PHARMACEUTICAL INDUSTRY
           8.2.1 PHARMACEUTICALS FORM THE LARGEST END-USER SEGMENT OF THE MASS SPECTROMETRY MARKET
                    TABLE 31 MASS SPECTROMETRY MARKET FOR THE PHARMACEUTICAL INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
    8.3 BIOTECHNOLOGY INDUSTRY
           8.3.1 GROWING BIOPHARMACEUTICAL APPLICATIONS TO DRIVE THE MASS SPECTROMETRY MARKET
                    TABLE 32 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET FOR THE PETROCHEMICAL INDUSTRY, BY REGION, 2018–2025 (USD MILLION)
    8.8 OTHER END USERS
           TABLE 37 MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 16 NORTH AMERICA: MASS SPECTROMETRY MARKET SNAPSHOT
           TABLE 39 NORTH AMERICA: MASS SPECTROMETRY MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 40 NORTH AMERICA: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
           TABLE 41 NORTH AMERICA: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 42 NORTH AMERICA: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 43 NORTH AMERICA: MASS SPECTROMETRY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 44 NORTH AMERICA: MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 46 US: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 47 US: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 50 CANADA: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 51 CANADA: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
    9.3 EUROPE
           TABLE 52 EUROPE: MASS SPECTROMETRY MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 53 EUROPE: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
           TABLE 54 EUROPE: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 55 EUROPE: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 56 EUROPE: MASS SPECTROMETRY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 57 EUROPE: MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 59 GERMANY: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 60 GERMANY: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 62 UK: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 63 UK: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 65 FRANCE: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 66 FRANCE: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 68 ITALY: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 69 ITALY: SINGLE MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 72 SPAIN: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           9.3.6 REST OF EUROPE
                    TABLE 73 ROE: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 74 ROE: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 75 ROE: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
    9.4 ASIA PACIFIC
           FIGURE 17 ASIA PACIFIC: MASS SPECTROMETRY MARKET SNAPSHOT
           TABLE 76 ASIA PACIFIC: MASS SPECTROMETRY MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 77 ASIA PACIFIC: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
           TABLE 78 ASIA PACIFIC: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 79 ASIA PACIFIC: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 80 ASIA PACIFIC: MASS SPECTROMETRY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 81 ASIA PACIFIC: MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 83 CHINA: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 84 CHINA: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 86 JAPAN: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 87 JAPAN: SINGLE MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 90 INDIA: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 92 SOUTH KOREA: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 93 SOUTH KOREA: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 95 AUSTRALIA: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 96 AUSTRALIA: SINGLE MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 99 SOUTHEAST ASIA: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           9.4.7 REST OF ASIA PACIFIC
                    TABLE 100 ROAPAC: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 101 ROAPAC: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 102 ROAPAC: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
    9.5 LATIN AMERICA
           TABLE 103 LATIN AMERICA: MASS SPECTROMETRY MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 104 LATIN AMERICA: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
           TABLE 105 LATIN AMERICA: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 106 LATIN AMERICA: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 107 LATIN AMERICA: MASS SPECTROMETRY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 108 LATIN AMERICA: MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                               TABLE 110 BRAZIL: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 111 BRAZIL: SINGLE MASS SPECTROMETRY 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 MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                               TABLE 114 MEXICO: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
           9.5.3 REST OF LATIN AMERICA
                    TABLE 115 REST OF LATAM: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 116 REST OF LATAM: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 117 REST OF LATAM: SINGLE MASS SPECTROMETRY 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: MASS SPECTROMETRY MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 119 MIDDLE EAST & AFRICA: HYBRID MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 120 MIDDLE EAST & AFRICA: SINGLE MASS SPECTROMETRY MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 121 MIDDLE EAST & AFRICA: MASS SPECTROMETRY MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
                    TABLE 122 MIDDLE EAST & AFRICA: MASS SPECTROMETRY 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 MASS SPECTROMETRY 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 MASS SPECTROMETRY 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:

Mass Spectrometry Market Size, and Share

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)
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Mass Spectrometry Market

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