Mass Spectrometry Market

Market Leader - Mass Spectrometry Market

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% during the forecast period. 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.

A few major players that have an extensive geographic presence dominate the mass spectrometry industry globally. The leading players in the mass spectrometry market include 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), and Hiden Analytical (UK).

The major strategies adopted by these players include new product launches, collaborations & agreements, mergers, investments & expansions. New product launches was the most commonly adopted strategy from July 2018 to June 2020.

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In 2019, Thermo Fisher was the largest player in the mass spectrometry market. Thermo Fisher Scientific offers a complete and integrated portfolio of solutions and services for laboratory research & analysis, healthcare & clinical science, manufacturing, and other fields. The company operates through four segments—Analytical Instruments, Life Sciences Solutions, Specialty Diagnostics, and Laboratory Products & Services. The Analytical Instruments segment offers products for elemental analysis, chromatography & mass spectrometry, and chemical analysis. These instruments are used in the pharmaceutical, biotechnological, academic, governmental, and environmental sectors. The company operates worldwide and serves more than 400,000 customers. The company provides pharmaceutical services through its industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, and Patheo. It focuses on expanding its product portfolio by introducing new and advanced mass spectrometers for customers in biotechnology, pharmaceuticals, toxicology, forensics, and other fields.

In 2019, SCIEX, a US-based scientific instrumentation provider, was the second-largest player in the mass spectrometry market. It develops and produces scientific instrumentation, software, and services for the life sciences, clinical research, and industrial markets. The company provides an elaborate portfolio of liquid chromatography-mass spectrometry instruments & accessories for the life science, clinical research, and industrial markets. The company provides products mainly targeted at environmental testing, especially water analysis. It has focused on organic & inorganic growth strategies, including product launches, collaborations, and partnerships.

Agilent Technologies is a global leader in the life sciences, diagnostics, and applied chemical markets, providing application-focused solutions that include instruments, software, services, and consumables for the entire laboratory workflow. The company operates through three business segments—Life Sciences & Applied Markets, Diagnostics & Genomics, and Agilent CrossLab. The Life Sciences & Applied Markets business segment offers liquid chromatography/mass spectrometry (LC/MS), gas chromatography/mass spectrometry (GC/MS), and inductively coupled plasma mass spectrometry instruments (ICP-MS) in the mass spectrometry market. The company has its presence in more than 110 countries and sales offices, logistics centers, and business facilities in Europe, the Americas, and the Asia Pacific. Its principal competitors in the life sciences and applied markets arena include Danaher Corporation, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific, and Waters Corporation.

Related Reports:

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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Mass Spectrometry Market Size,  Share & Growth Report
Report Code
AST 3787
RI Published ON
2/1/2021
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