Chicago, Jan. 24, 2023 (GLOBE NEWSWIRE) -- According to the new market research report "Mass Spectrometry Market Size, Growth 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", The mass spectrometry market is growing at a CAGR of 6.5% during the forecast period.
Browse in-depth TOC on "Mass Spectrometry Market"
122 - Tables
30 - Figures
190 - Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=437
Scope of the Report:
| Report Coverage | Details |
| Market Size | USD 5.6 billion by 2025 |
| CAGR | 6.5% |
| Historical Data | 2018–2025 |
| Base Year | 2019 |
| Forecast Period | 2020-2025 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Application, End User, And Region |
| Geographies Covered | North America, Europe, Latin America, Asia Pacific, and Middle East & Africa |
| Key Companies Profiled/Vendors | 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). |
| Key Market Opportunities | Growth opportunities in emerging countries |
| Key Market Drivers | Increasing R&D investments in the pharmaceutical and biotechnology industry |
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=437
Increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety, is creating demand opportunities for the mass spectrometry. Also, 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 drive the global mass spectrometry market.
Hybrid mass spectrometry segment is expected to grow at the highest CAGR 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. Such factors are expected to drive hybrid mass spectrometry market.
Geographical Growth Scenario:
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. The US government increased its R&D budget from USD 538 billion to USD 553 billion during 2017 to 2019. Furthermore, in 2019, the NIH invested USD 32 billion for biomedical research (Source: US Department of Health and Services).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.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=437
Key Players:
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the mass spectrometry market. The major players in the mass spectrometry amrket 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), and Hiden Analytical (UK).
These players are adopting various strategies to increase their share in the mass spectrometry market. Collaborations & agreements, new product launches, expansions and mergers have been a widely adopted strategy by the major players in the mass spectrometry industry.
Browse Adjacent Markets: Analytical and Scientific Instrumentation Market Research Reports & Consulting
Browse Related Reports:
Chromatography Instruments Market
Chromatography Accessories & Consumables Market
High-performance Liquid Chromatography Market
