Mass Spectrometry Market

Mass Spectrometry Market by Platform (Hybrid Mass Spectrometry (Triple Quadrupole, QTOF, FTMS), Single Mass Spectrometry (Quadrupole, TOF, Ion Trap)), Application (Pharma & Biotech, Environmental & Food Testing) - Global Forecasts to 2024

Report Code: AST 3787 Nov, 2019, by marketsandmarkets.com

Mass Spectrometry Market

Global Mass Spectrometry Market is expected to grow at a CAGR of 6.7%.

Mass Spectrometry Market and Top Companies

Key market players profiled in the Mass Spectrometry market report includes:

  • Thermo Fisher Scientific (US)
  • SCIEX (US)
  • Agilent Technologies (US)
  • Waters Corporation (US)
  • Shimadzu Corporation (Japan)
  • Thermo Fisher Scientific (US) - Founded in 2006, through the merger of Thermo Electron and Fisher Scientific, the company offers an extensive portfolio of mass spectrometry equipment used for various applications. Thermo focuses on expanding its product portfolio by introducing new and advanced mass spectrometers for its customers in various fields, such as biotechnology, pharmaceuticals, toxicology, and forensics.
  • SCIEX (US) - SCIEX is a US-based scientific instrumentation provider in the mass spectrometry market. The company provides an elaborate portfolio of liquid chromatography-mass spectrometry instruments & accessories for life science, clinical research, and industrial markets. The company offers products mainly targeted at environmental testing, especially water analysis.
  • Agilent Technologies (US) - Agilent Technologies is a global leader in life sciences, diagnostics, and applied chemical markets, providing application-focused solutions that include instruments, software, services, and consumables for the entire laboratory workflow. The firm provides a comprehensive portfolio of LC-MS, GC-MS, and ICP-MS in the mass spectrometry market. The company has a strong presence in North America and Europe.
  • Waters Corporation (US) - Founded in 1958 and headquartered in Massachusetts, US, Waters Corporation is an analytical instrument manufacturer that primarily designs, manufactures, sells, and services high-performance liquid chromatography, ultra-performance liquid chromatography, and mass spectrometry technology systems & support products, including chromatography columns, other consumable products, and comprehensive post-warranty service plans.
  • Calibre Scientific (US) - Shimadzu’s Analytical and Measuring Instruments segment offers a wide range of chromatography products, including gas & liquid chromatography systems, gas chromatography/mass spectrometry (GC/MS) systems, liquid chromatography/mass spectrometry (LC/MS) systems, life science laboratory instruments, data management & software, as well as spectroscopy, elemental analysis, surface analysis and other instruments. Shimadzu operates in Japan, North & South America, Europe, China, and other Asian countries.

Mass Spectrometry Market and Top Application Industries

Top Application Industries in Mass Spectrometry Market are:

  • Pharmaceutical & Biotechnology
  • Environmental Testing
  • Food & Beverage Testing
  • Petrochemicals
  • Other Applications
  • Pharmaceutical & Biotechnology - The technological advancements in mass spectrometers have increased their application areas in pharmaceutical research and development. For instance, the development of advanced mass spectrometry techniques, such as matrix-assisted laser desorption/ionization (MALDI) imaging, enabled the non-radioactive, label-free, and non-destructive localization of biomolecules from metabolites to proteins, which is used to study the distribution of drugs, their metabolites and formulations, as well as drug response.
  • Environmental Testing - Mass spectrometry has wide applications in soil contamination assessment, qualitative & quantitative identification of elements in environmental samples, pesticide screening, and testing of drinking water. It can also be used in pollution monitoring and trace elemental analysis of heavy metal leaching. Growing pollution levels and rising environmental awareness are the major factors driving the growth of this application segment.
  • Food & Beverage Testing - Mass spectrometry is one of the commonly used techniques for food & beverage analysis. The focus on effective quality assurance processes is increasing in the food & beverage industry, owing to the increasing health concerns of consumers and the growing demand for high-quality, safe, and nutritious products.
  • Petrochemicals - The optimization of energy consumption, assurance of product quality, and determination of the energy content of fuel gases are important in the oil & gas industry. Hence, in the analysis of petroleum and petroleum products, mass spectrometry techniques are particularly suitable. The growing number of new oil & gas fields is one of the major factors driving the growth of this application segment.
  • Other Applications - This segment covers the application of mass spectrometry in areas such as clinical usage, academic research, and the perfume industry. In the perfume industry, GC-MS is an indispensable technology used to determine the composition of perfumes and in the quality control and trace analysis of substrates.

Mass Spectrometry Market and Top Technological Platforms:

  • Hybrid Mass Spectrometry - Hybrid mass spectrometers incorporate at least two component mass analyzers of different types arranged in sequence from the ion source to the ion detector. This greatly increases their sensitivity, accuracy, and efficiency, which is driving their adoption. Moreover, analyses performed with hybrid mass spectrometers yield large volumes of complex data at high speed and resolution and result in accurate and better analysis.
  • Single Mass Spectrometry - Single mass spectrometry is a platform that utilizes single mass analyzers. These mass spectrometers are used in various applications, such as drug discovery, clinical research, and metabolism studies. Owing to technological advancements and the introduction of hybrid mass spectrometry, the use of single mass spectrometers is expected to decline in the coming years.
  • Other Platforms - This segment includes magnetic sector mass spectrometry and inductively coupled plasma mass spectrometry (ICP-MS). Magnetic sector mass spectrometry delivers high-resolution GC/MS for the ultra-trace quantification of environmental contaminants like Dioxins and polychlorinated biphenyls (PCBs). Inductively coupled plasma mass spectrometry (ICP-MS) is an analytical technique that determines the elemental content of samples. This type of instrument combines a high-temperature ICP source with a mass spectrometer.

[172 Pages Report] The mass spectrometry market is expected to grow from USD 4.6 billion in 2019 to USD 6.3 billion by 2024, at a CAGR of 6.7% during the forecast period. Growth in the market is primarily driven by factors such as government initiatives for pollution control and environmental testing, 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 technological advancements in mass spectrometers.

Mass Spectrometry Market

The hybrid mass spectrometry segment is projected to grow at the highest rate during the forecast period

By platform, the market is segmented into hybrid mass spectrometry (triple quadrupole, quadrupole TOF, and Fourier transform mass spectrometry devices), single mass spectrometry (single quadrupole, Time of Flight (TOF), and ion trap spectrometers), and other platforms. 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.

Pharmaceutical & Biotechnology applications held the largest share of the mass spectrometry market in 2019

Mass spectrometry is widely used for accurate analysis of small as well as large molecules in pharmaceuticals, forensic & clinical research, and other areas. The mass spectrometry applications market is segmented into pharmaceutical & biotechnology applications, environmental testing, food & beverage testing, petrochemical applications, and other applications. The pharmaceutical & biotechnology applications segment held the largest share of the market in 2019, a trend that is expected to continue during the forecast period. The large share of this segment can be attributed to the rise in demand for pharmaceutical biosimilars, phytopharmaceuticals, and regenerative medicine.

Mass Spectrometry Market

North America is expected to hold a dominant share in the mass spectrometry market during the forecast period

North America held the largest share of the market in 2018 and is projected to continue to do so during the forecast period. 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 are driving the North American market. Lately, the US has seen a significant increase in the shale gas and crude oil production with increasing oil fields and the subsequent increase in the employment of analytical tools such as mass spectrometers.

Key Market Players

The major vendors in the mass spectrometry market include SCIEX (US), Agilent Technologies (US), Thermo Fisher Scientific (US), Waters Corporation (US), and Shimadzu Corporation (Japan). These leading players offer an expansive product portfolio for mass spectrometers and have a broad geographic presence. The other players in this market include PerkinElmer (US), Bruker (US), Analytik Jena (Germany), JEOL (Japan), Rigaku (Japan), DANI Instruments (Italy), LECO (US), Hiden Analytical (UK), Kore Technology (UK), Extrel CMS (US), MassTech (US), AMETEK Process Instruments (US), MKS Instruments (US), Advion (US), and FLIR Systems (US).

Scope of the report

Report Metric

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019-2024

Forecast units

Value (USD)

Segments covered

Platform, Application, and Region

Geographies covered

North America (US & Canada), Europe (UK, Germany, France, Italy, Sapin, RoE), APAC (China, Japan, India, South East Asia, ROAPAC), RoW (Latin America, Middle East & Africa)

Companies covered

Thermo Fisher Scientific (US), SCIEX (US), Agilent (US), Waters (US), and Shimadzu (Japan). Major 20 players covered.

This research report categorizes the market based on platform, application, and region.

Based on Platform, the market has been segmented as follows:

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

Based on Application, the market has been segmented as follows:

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

Based on Region, the market has been segmented as follows:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • RoE
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
    • RoAPAC
  • Rest of the World
    • Latin America
    • Middle East & Africa

Key questions addressed by the report:

  • Which of the platform segments will dominate the market in the next five years?
  • Emerging countries have immense opportunities for the growth and adoption of mass spectrometry, will this scenario continue in the next five years?
  • What are the upcoming technologies in the market?
  • Which application segment will dominate the market in the next five years?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Scope
           1.2.2 Markets Covered
           1.2.3 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
    2.2 Research Methodology Steps
           2.2.1 Secondary Data
                    2.2.1.1 Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Primary Sources
           2.2.3 Key Insights From Primary Sources
           2.2.4 Market Size Estimation Methodology
           2.2.5 Revenue Mapping-Based Market Estimation
           2.2.6 Market Data Estimation & Triangulation
           2.2.7 Assumptions of the Study

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 36)
    4.1 Mass Spectrometry Market Overview
    4.2 Europe: Mass Spectrometry Market, By Platform & Country (2019)
    4.3 Mass Spectrometry Market Share, By Application, 2019 vs 2024
    4.4 Mass Spectrometry Market Share, By Platform, 2019 vs 2024
    4.5 Mass Spectrometry Market: Geographic Growth Opportunities

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Technological Advancements in Mass Spectrometers
                    5.2.1.2 Government Initiatives for Pollution Control and 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 High Cost of Mass Spectrometry Systems
           5.2.3 Opportunities
                    5.2.3.1 Growing Opportunities in Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Dearth of Skilled Professionals

6 Mass Spectrometry Market, By Platform (Page No. - 47)
    6.1 Introduction
    6.2 Hybrid Mass Spectrometry
           6.2.1 Triple Quadrupole
                    6.2.1.1 Triple Quadrupole Mass Spectrometry Segment Dominates the Hybrid Mass Spectrometry Market
           6.2.2 Quadrupole ToF (Q-ToF)
                    6.2.2.1 Growing Use of Q-ToF in Metabolomics Research & Drug Development in the Pharmaceutical Industry to Drive Market Growth
           6.2.3 Fourier Transform Mass Spectrometry (FTMS)
                    6.2.3.1 FTMS Enables the High-Resolution Analysis of Biomolecules
    6.3 Single Mass Spectrometry
           6.3.1 Quadrupole
                    6.3.1.1 Quadrupole Spectrometry is Useful When Studying Particular Ions of Interest
           6.3.2 Time-Of-Flight (ToF)
                    6.3.2.1 ToF is Rapidly Becoming the Most Popular Method of Mass Separation for Proteomics and Conventional Analytical Chemistry
           6.3.3 Ion Trap
                    6.3.3.1 Ion Trap Spectrometry Offers High Sensitivity, Robustness, and Rapid Identification of Low-Level Components in Complex Matrices
    6.4 Other Platforms

7 Mass Spectrometry Market, By Application (Page No. - 59)
    7.1 Introduction
    7.2 Pharmaceutical & Biotechnology
           7.2.1 Pharmaceutical & Biotechnology Forms the Largest Application Segment of the Mass Spectrometry Market
    7.3 Environmental Testing
           7.3.1 Growing Pollution Levels & Rising Environmental Awareness to Drive the Growth of This Application Segment
    7.4 Food & Beverage Testing
           7.4.1 Growing Food Safety Concerns to Support Market Growth
    7.5 Petrochemicals
           7.5.1 Growing Number of New Oil & Gas Fields—Major Driver for This Application Segment
    7.6 Other Applications

8 Mass Spectrometry Market, By Region (Page No. - 66)
    8.1 Introduction
    8.2 North America
           8.2.1 US
                    8.2.1.1 The US Holds the Largest Share of the North American Market
           8.2.2 Canada
                    8.2.2.1 Funding for Innovation-Based Research Will Propel the Market in Canada
    8.3 Europe
           8.3.1 Germany
                    8.3.1.1 Growth of the German Cosmetics Industry Will Aid the Growth of Its Mass Spectrometry Market
           8.3.2 UK
                    8.3.2.1 Rising Food Safety Concerns to Drive Market Growth in the UK
           8.3.3 France
                    8.3.3.1 Strong Perfume Industry and the Growing Number of Pharma Startups Will Drive the Demand for Mass Spectrometry
           8.3.4 Italy
                    8.3.4.1 Italy Showcases A Favorable Scenario for the Biotech and Pharma Industry
           8.3.5 Spain
                    8.3.5.1 Spain’s Strong Food & Beverage Industry Will Aid the Adoption of Mass Spectrometers
           8.3.6 Rest of Europe
    8.4 Asia Pacific
           8.4.1 China
                    8.4.1.1 Rising Player Attention on China Will Ensure Market Growth in the Coming Years
           8.4.2 Japan
                    8.4.2.1 Availability of Funding for Mass Spectrometry Projects and Growing Food Safety Concerns are Driving Market Growth
           8.4.3 India
                    8.4.3.1 Stringent Environmental Monitoring Regulations in India to Boost the Use of Mass Spectrometry
           8.4.4 Southeast Asia
                    8.4.4.1 Expanding Footprint of Market Leaders in Malaysia and Singapore Will Aid Market Growth in Southeast Asia
           8.4.5 Rest of Asia Pacific
    8.5 Rest of the World
           8.5.1 Latin America
                    8.5.1.1 Growing Biotechnology and Pharmaceutical Industries to Support Market Growth in Latin America
           8.5.2 Middle East & Africa
                    8.5.2.1 Strong Oil & Gas Industry and Rising Awareness on Food Safety have Drawn Company Focus to the MEA

9 Competitive Landscape (Page No. - 106)
    9.1 Introduction
    9.2 Market Share Analysis
    9.3 Competitive Leadership Mapping (Overall Market)
           9.3.1 Visionary Leaders
           9.3.2 Innovators
           9.3.3 Emerging Companies
           9.3.4 Dynamic Differentiators
    9.4 Competitive Leadership Mapping (Emerging Players)
           9.4.1 Progressive Companies
           9.4.2 Starting/Emerging Blocks
           9.4.3 Responsive Companies
           9.4.4 Dynamic Companies
    9.5 Competitive Scenario
           9.5.1 Product Launches
           9.5.2 Agreements & Collaborations
           9.5.3 Acquisitions
           9.5.4 Expansions

10 Company Profiles (Page No. - 117)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     10.1 Thermo Fisher Scientific
     10.2 Sciex (A Subsidiary of Danaher)
     10.3 Agilent Technologies
     10.4 Waters Corporation
     10.5 Shimadzu Corporation
     10.6 Bruker
     10.7 Perkinelmer
     10.8 Jeol
     10.9 Flir Systems
     10.10 MKS Instruments
     10.11 Analytik Jena (A Subsidiary of Endress+Hauser)
     10.12 Hiden Analytical
     10.13 Dani Instruments
     10.14 Rigaku
     10.15 Leco
     10.16 Kore Technology
     10.17 Extrel CMS
     10.18 Masstech
     10.19 Ametek Process Instruments
     10.20 Advion

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 166)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (116 Tables)

Table 1 New Product Launches in the Mass Spectrometry Market
Table 2 Stringent Regulations in Environmental Testing
Table 3 Increasing Initiatives in Emerging Countries
Table 4 Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 5 Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 6 Hybrid Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 7 Hybrid Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 8 Triple Quadrupole Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 9 Triple Quadrupole Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 10 Q-ToF Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 11 Q-ToF Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 12 Fourier Transform Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 13 Fourier Transform Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 14 Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 15 Single Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 16 Single Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 17 Quadrupole Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 18 Quadrupole Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 19 Time-Of-Flight Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 20 Time-Of-Flight Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 21 Ion Trap Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 22 Ion Trap Mass Spectrometry Market, By Region, 2017–2024 (Units)
Table 23 Mass Spectrometry Market for Other Platforms, By Region, 2017–2024 (USD Million)
Table 24 Mass Spectrometry Market for Other Platforms, By Region, 2017–2024 (Units)
Table 25 Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 26 Mass Spectrometry Market for Pharmaceutical & Biotechnology Applications, By Region, 2017–2024 (USD Million)
Table 27 Mass Spectrometry Market for Environmental Testing, By Region, 2017–2024 (USD Million)
Table 28 Mass Spectrometry Market for Food & Beverage Testing, By Region, 2017–2024 (USD Million)
Table 29 Mass Spectrometry Market for Petrochemical Applications, By Region, 2017–2024 (USD Million)
Table 30 Mass Spectrometry Market for Other Applications, By Region, 2017–2024 (USD Million)
Table 31 Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 32 North America: Mass Spectrometry Market, By Country, 2017–2024 (USD Million)
Table 33 North America: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 34 North America: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 35 North America: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 36 North America: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 37 US: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 38 US: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 39 US: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 40 US: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 41 Cfi Funding Towards Mass Spectrometry Projects
Table 42 Canada: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 43 Canada: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 44 Canada: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 45 Canada: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 46 Europe: Mass Spectrometry Market, By Country, 2017–2024 (USD Million)
Table 47 Europe: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 48 Europe: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 49 Europe: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 50 Europe: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 51 Germany: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 52 Germany: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 53 Germany: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 54 Germany: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 55 UK: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 56 UK: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 57 UK: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 58 UK: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 59 France: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 60 France: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 61 France: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 62 France: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 63 Italy: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 64 Italy: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 65 Italy: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 66 Italy: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 67 Spain: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 68 Spain: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 69 Spain: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 70 Spain: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 71 RoE: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 72 RoE: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 73 RoE: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 74 RoE: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 75 Asia Pacific: Mass Spectrometry Market, By Country, 2017–2024 (USD Million)
Table 76 Asia Pacific: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 77 Asia Pacific: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 78 Asia Pacific: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 79 Asia Pacific: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 80 China: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 81 China: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 82 China: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 83 China: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 84 Japan: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 85 Japan: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 86 Japan: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 87 Japan: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 88 India: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 89 India: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 90 India: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 91 India: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 92 Southeast Asia: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 93 Southeast Asia: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 94 Southeast Asia: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 95 Southeast Asia: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 96 RoAPAC: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 97 RoAPAC: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 98 RoAPAC: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 99 RoAPAC: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 100 RoW: Mass Spectrometry Market, By Region, 2017–2024 (USD Million)
Table 101 RoW: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 102 RoW: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 103 RoW: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 104 RoW: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 105 Latin America: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 106 Latin America: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 107 Latin America: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 108 Latin America: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 109 Middle East & Africa: Mass Spectrometry Market, By Platform, 2017–2024 (USD Million)
Table 110 Middle East & Africa: Hybrid Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 111 Middle East & Africa: Single Mass Spectrometry Market, By Type, 2017–2024 (USD Million)
Table 112 Middle East & Africa: Mass Spectrometry Market, By Application, 2017–2024 (USD Million)
Table 113 Product Launches (2017–2019)
Table 114 Agreements & Collaborations (2017–2019)
Table 115 Acquisitions (2017–2019)
Table 116 Expansions (2017–2019)


List of Figures (31 Figures)

Figure 1 Research Methodology: Mass Spectrometry Market
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Research Methodology: Hypothesis Building
Figure 5 Market Size Estimation: Mass Spectrometry Market
Figure 6 Data Triangulation Methodology
Figure 7 Mass Spectrometry Market Share, By Platform, 2019
Figure 8 Mass Spectrometry Market, By Application, 2019 vs 2024 (USD Million)
Figure 9 Geographical Snapshot of the Mass Spectrometry Market
Figure 10 Technological Advancements in Mass Spectrometers & Increasing Food Safety Concerns to Drive the Market for Mass Spectrometry
Figure 11 Hybrid Mass Spectrometry Segment to Account for the Largest Share of the European Mass Spectrometry Market in 2019
Figure 12 Pharmaceutical & Biotechnology Applications Will Continue to Dominate the Mass Spectrometry Market, By Application, in 2024
Figure 13 Hybrid Mass Spectrometry Segment to Account for the Largest Market Share in 2019
Figure 14 APAC to Register the Highest CAGR in the Forecast Period
Figure 15 Mass Spectrometry Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 North America Commands the Largest Share of the Mass Spectrometry Market
Figure 17 North America: Mass Spectrometry Market Snapshot
Figure 18 Asia Pacific: Mass Spectrometry Market Snapshot
Figure 19 Key Developments in the Mass Spectrometry Market, 2017–2019
Figure 20 Mass Spectrometry Market Share Analysis, By Key Player, 2018
Figure 21 Global Mass Spectrometry Market: Competitive Leadership Mapping, 2018
Figure 22 Global Mass Spectrometry Market: Competitive Leadership Mapping for Emerging Players, 2018
Figure 23 Thermo Fisher Scientific: Company Snapshot
Figure 24 Agilent Technologies: Company Snapshot
Figure 25 Waters Corporation: Company Snapshot
Figure 26 Shimadzu Corporation: Company Snapshot
Figure 27 Bruker: Company Snapshot
Figure 28 Perkinelmer: Company Snapshot
Figure 29 Jeol: Company Snapshot
Figure 30 Flir Systems: Company Snapshot
Figure 31 MKS Instruments: Company Snapshot

The 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 and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation was used to estimate the market size of segments and subsegments

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, D&B, Bloomberg Business, and Factiva have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, and databases.

Primary Research

The market has several stakeholders such as mass spectrometry and related device manufacturing companies, suppliers and distributors of mass spectrometry systems, research institutes and academic centers, pharmaceutical and biopharmaceutical companies, biotechnology companies, environment protection agencies and institutes, food, beverage, and agricultural analysis companies, cosmetic companies, market research companies, regulatory bodies, and venture capitalists. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the breakdown of primary respondents –

Mass Spectrometry Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to determine the extent of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive 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 overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the 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 mass spectrometry industry.
Report Objectives

  • To define, describe, and forecast the market based on platform, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets1 concerning individual growth trends, prospects, and contributions to the overall market
  • To analyze the possibilities for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments for four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)2
  • To profile the key players and analyze their market shares and core competencies3
  • To track and analyze competitive developments such as product launches, upgradations, & approvals; partnerships, agreements, & collaborations; expansions, and acquisitions in the market
  • To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy

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 present global market report:

Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolios of the top five companies

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
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Benchmarking the rapid strategy shifts of the Top 100 companies in the Mass Spectrometry Market

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Published ON
Nov, 2019
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