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Mass Spectrometry Trends and Forecast
The future of the global mass spectrometry market looks promising with opportunities in the pharmaceutical company, biotechnology company, research lab & academic institute, environmental testing lab, F&B industry, forensic lab, and petrochemical markets. The global mass spectrometry market is expected to reach an estimated $8.24 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing demand for accurate and sensitive analytical techniques, technological advancements in mass spectrometers, and increasing government initiatives for pollution control and environmental testing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Mass Spectrometry by Segment
The study includes a forecast for the global mass spectrometry by product, sample preparation technique, application, end use, and region.
Mass Spectrometry Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Instruments
• Hybrid Mass Spectrometry
• Triple Quadrupole
• Quadrupole ToF (Q-ToF)
• Single Mass Spectrometry
• Quadrupole
• Time-of-Flight (ToF)
• Ion Trap
• Software & Services
Mass Spectrometry Market by Sample Preparation Technique [Shipment Analysis by Value from 2018 to 2030]:
• GC-MS
• LC-MS
• ICP-MS
• Others
Mass Spectrometry Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• OMICS Research (Genomics, Proteomics And Metabolomics)
• Drug Discovery
• Environmental Testing
• Food Testing
• Pharma-Biopharma Manufacturing
• Clinical Diagnostics
• Applied Industries
• Others
Mass Spectrometry Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Pharmaceutical Companies
• Biotechnology Companies
• Research Labs & Academic Institutes
• Environmental Testing Labs
• F&B Industry
• Forensic Labs
• Petrochemical Industry
• Others
Mass Spectrometry Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Mass Spectrometry Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mass spectrometry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mass spectrometry companies profiled in this report include-
• Thermo Fisher Scientific
• Agilent Technologies
• Danaher Corporation
• Waters Corporation
• BrU.K.er Corporation
• Shimadzu Corporation
• PerkinElmer
• Rigaku Corporation
• LECO Corporation
• JEOL
Mass Spectrometry Market Insights
Lucintel forecasts that hybrid mass spectrometry will remain the largest segment over the forecast period as it provides enhanced selectivity, sensitivity, and quantification cababilities.
Within this market, pharmaceutical companies is expected to witness the highest growth due to the growing adoption of protein sequencing using mass spectrometry in the pharmaceutical industry for drug discovery and development processes.
North America will remain the largest region over the forecast period due to the growing number of research and development activities and presence of advanced research healthcare infrastructure in the region.
Features of the Global Mass Spectrometry Market
Market Size Estimates: Mass spectrometry market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mass spectrometry market size by various segments, such as by product, sample preparation technique, application, end use, and region in terms of value ($B).
Regional Analysis: Mass spectrometry market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, sample preparation techniques, applications, end uses, and regions for the mass spectrometry market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mass spectrometry market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the mass spectrometry market size?
Answer: The global mass spectrometry market is expected to reach an estimated $8.24 billion by 2030.
Q2. What is the growth forecast for mass spectrometry market?
Answer: The global mass spectrometry market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the mass spectrometry market?
Answer: The major drivers for this market are growing demand for accurate and sensitive analytical techniques, technological advancements in mass spectrometers, and increasing government initiatives for pollution control and environmental testing.
Q4. What are the major segments for mass spectrometry market?
Answer: The future of the mass spectrometry market looks promising with opportunities in the pharmaceutical company, biotechnology company, research lab & academic institute, environmental testing lab, F&B industry, forensic lab, and petrochemical markets.
Q5. Who are the key mass spectrometry market companies?
Answer: Some of the key mass spectrometry companies are as follows:
• Thermo Fisher Scientific
• Agilent Technologies
• Danaher Corporation
• Waters Corporation
• BrU.K.er Corporation
• Shimadzu Corporation
• PerkinElmer
• Rigaku Corporation
• LECO Corporation
• JEOL
Q6. Which mass spectrometry market segment will be the largest in future?
Answer: Lucintel forecasts that hybrid mass spectrometry will remain the largest segment over the forecast period as it provides enhanced selectivity, sensitivity, and quantification cababilities.
Q7. In mass spectrometry market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the growing number of research and development activities and presence of advanced research healthcare infrastructure in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mass spectrometry market by product (instruments, hybrid mass spectrometry, triple quadrupole, quadrupole ToF (Q-ToF), single mass spectrometry, quadrupole, time-of-flight (ToF), ion trap, and software & services), sample preparation technique (GC-MS, LC-MS, ICP-MS, and others), application (OMICS research (genomics, proteomics and metabolomics), drug discovery, environmental testing, food testing, pharma-biopharma manufacturing, clinical diagnostics, applied industries, and others), end use (pharmaceutical companies, biotechnology companies, research labs & academic institutes, environmental testing labs, F&B industry, forensic labs, petrochemical industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Mass Spectrometry Market, Mass Spectrometry Market Size, Mass Spectrometry Market Growth, Mass Spectrometry Market Analysis, Mass Spectrometry Market Report, Mass Spectrometry Market Share, Mass Spectrometry Market Trends, Mass Spectrometry Market Forecast, Mass Spectrometry Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Mass Spectrometry Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Mass Spectrometry Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Mass Spectrometry Market by Product
3.3.1: Instruments
3.3.2: Hybrid Mass Spectrometry
3.3.3: Triple Quadrupole
3.3.4: Quadrupole ToF (Q-ToF)
3.3.5: Single Mass Spectrometry
3.3.6: Quadrupole
3.3.7: Time-Of-Flight (ToF)
3.3.8: Ion Trap
3.3.9: Software & Services
3.4: Global Mass Spectrometry Market by Sample Preparation Technique
3.4.1: GC-MS
3.4.2: LC-MS
3.4.3: ICP-MS
3.4.4: Others
3.5: Global Mass Spectrometry Market by Application
3.5.1: OMICS Research (Genomics, Proteomics and Metabolomics)
3.5.2: Drug Discovery
3.5.3: Environmental Testing
3.5.4: Food Testing
3.5.5: Pharma-Biopharma Manufacturing
3.5.6: Clinical Diagnostics
3.5.7: Applied Industries
3.5.8: Others
3.6: Global Mass Spectrometry Market by End Use
3.6.1: Pharmaceutical Companies
3.6.2: Biotechnology Companies
3.6.3: Research Labs & Academic Institutes
3.6.4: Environmental Testing Labs
3.6.5: F&B Industry
3.6.6: Forensic Labs
3.6.7: Petrochemical Industry
3.6.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Mass Spectrometry Market by Region
4.2: North American Mass Spectrometry Market
4.2.2: North American Mass Spectrometry Market by End Use: Pharmaceutical Companies, Biotechnology Companies, Research Labs & Academic Institutes, Environmental Testing Labs, F&B Industry, Forensic Labs, Petrochemical Industry, and Others
4.3: European Mass Spectrometry Market
4.3.1: European Mass Spectrometry Market by Product: Instruments, Hybrid Mass Spectrometry, Triple Quadrupole, Quadrupole ToF (Q-ToF), Single Mass Spectrometry, Quadrupole, Time-Of-Flight (ToF), Ion Trap, and Software & Services
4.3.2: European Mass Spectrometry Market by End Use: Pharmaceutical Companies, Biotechnology Companies, Research Labs & Academic Institutes, Environmental Testing Labs, F&B Industry, Forensic Labs, Petrochemical Industry, and Others
4.4: APAC Mass Spectrometry Market
4.4.1: APAC Mass Spectrometry Market by Product: Instruments, Hybrid Mass Spectrometry, Triple Quadrupole, Quadrupole ToF (Q-ToF), Single Mass Spectrometry, Quadrupole, Time-Of-Flight (ToF), Ion Trap, and Software & Services
4.4.2: APAC Mass Spectrometry Market by End Use: Pharmaceutical Companies, Biotechnology Companies, Research Labs & Academic Institutes, Environmental Testing Labs, F&B Industry, Forensic Labs, Petrochemical Industry, and Others
4.5: ROW Mass Spectrometry Market
4.5.1: ROW Mass Spectrometry Market by Product: Instruments, Hybrid Mass Spectrometry, Triple Quadrupole, Quadrupole ToF (Q-ToF), Single Mass Spectrometry, Quadrupole, Time-Of-Flight (ToF), Ion Trap, and Software & Services
4.5.2: ROW Mass Spectrometry Market by End Use: Pharmaceutical Companies, Biotechnology Companies, Research Labs & Academic Institutes, Environmental Testing Labs, F&B Industry, Forensic Labs, Petrochemical Industry, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Mass Spectrometry Market by Product
6.1.2: Growth Opportunities for the Global Mass Spectrometry Market by Sample Preparation Technique
6.1.3: Growth Opportunities for the Global Mass Spectrometry Market by Application
6.1.4: Growth Opportunities for the Global Mass Spectrometry Market by End Use
6.1.5: Growth Opportunities for the Global Mass Spectrometry Market by Region
6.2: Emerging Trends in the Global Mass Spectrometry Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Mass Spectrometry Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Mass Spectrometry Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Thermo Fisher Scientific
7.2: Agilent Technologies
7.3: Danaher Corporation
7.4: Waters Corporation
7.5: BrU.K.er Corporation
7.6: Shimadzu Corporation
7.7: PerkinElmer
7.8: Rigaku Corporation
7.9: LECO Corporation
7.10: JEOL
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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