Global Healthcare

Mass Spectrometer Market Insights, Size, CAGR and Forecast 2019 to 2026

Press release   •   Dec 03, 2019 18:52 GMT

The global Mass Spectrometer Market is likely to expand at a CAGR of 7.8% between 2019 and 2026. The mass spectrometer instrument together with chromatography calculates the analytical mass of a particular molecule. The report predicts the global Mass Spectrometer Market was valued at US$ 5,512.2 Mn in the year 2018 and is anticipated to reach US$ 10,044.7 Mn by 2026.

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Market in North America Continues to Lead Owing to Presence of Key Players in the U.S.

Among regions, the market in North America is expected to maintain its dominance through the forecast period. Moreover, the regional market was valued at US$ 2,126.7 Mn in the year 2018. Presence of recognized key players and technological advancements are creating lucrative opportunities for the market. Governments in this region are granting funds to research institutes working on in mass spectrometry, which will further increase the Mass Spectrometer Market share in North America. The University of Georgia recently received grants from the National Institutes of Health in the U.S. This funding is for conducting biomedical research and this is another factor responsible for the high growth of the market in this region. A report by the Industrial Research Institute (IRI) finds that the U.S. is the only country in the world who spends aggressively on research and development activities. Governments in North America are increasingly investing in areas such as biomedical, biotechnology, and proteomics. Such factors are likely to accelerate the Mass Spectrometer Market size in North America.

Following North America, the market in Europe is expected to grow considerably owing to increasing spending on research initiatives.

The Mass Spectrometer Market in Asia Pacific is poised to surge owing to better economic conditions. This, coupled with the rising number of pharmaceutical companies, is expected to fuel demand for mass spectrometer analysis. Enabled by these factors, the Mass Spectrometer Market is likely to witness higher CAGR in Asia Pacific in the forecast period.

Mass Spectrometer to Offer High-Resolution Analytical Data Owing to Technological Advancements

“Increasing research and development (R&D) activities are likely to increase the dependency on accurate and high-resolution data experiments,” said a lead analyst at Fortune Business Insights. “Mass spectrometer detectors have the ability to offer precise results, which is why key players encourage customers to opt for this equipment,” he added. Another factor driving the market is the increasing number of concerns related to food safety. Owing to recent technological advancements in mass spectrometry, the demand from biotechnology and pharmaceutical industries is expected to increase. These advancements now offer better and high-resolution test results. The rising demand for tandem and hyphenated techniques, especially from biotechnology, food and beverages, and pharmaceutical industry is driving the market. The mass spectrometer miniaturization leads to the higher adoption of mass spectrometer equipment. All the above-mentioned factors are likely to be beneficial for the growth of the market.

Joel Launches a Novel Mass Spectrometer System to Expand its Product Line

Shimadzu Corporation, PerkinElmer Inc., WATERS, Thermo Fisher Scientific Inc., Bruker, AB Sciex, Agilent Technology, LECO, JEOL USA, and Advion, Inc. are some of the leading players in the global Mass Spectrometer Market. Of these, companies such as SCIEX, Shimadzu, Waters, and Agilent are leading the market owing to their well-recognized brand presence. In addition to this, a robust distribution networking channel is another factor behind the success of these four players. Several companies are involved in strategic decisions to expand their market share. One of them is associated with new product launches. Some of the product launches are mentioned below:

  • Agilent Technologies a mass hybrid mass spectrometer system in April 2019. The system called 6546 quadrupole time-of-flight LC/MS will offer accurate analytical data with high resolution.
  • Joel USA launches a quadrupole mass spectrometer system called GC-triple in March 2019. The aim of this product launch is to expand the company’s product line for mass spectrometers.
  • Thermo Scientific joined hands with HighChem in June 2018 to develop Orbitrap ID-X Tribrid Mass Spectrometer. This spectrometer analyses small molecules and gathers meaningful data.

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Mass Spectrometer Market Companies

  • Shimadzu Corporation
  • Agilent Technology
  • WATERS
  • Thermo Fisher Scientific Inc.
  • AB Sciex
  • PerkinElmer Inc.
  • JEOL USA
  • Advion, Inc.
  • LECO
  • Bruker
  • Other prominent players

Key Benefits:

  • This report provides a detailed quantitative analysis of the current market trends from 2019 to 2026 to identify the prevailing opportunities.
  • Market estimations are based on comprehensive analysis of the key developments in the industry.
  • In-depth analysis based on geography assists to understand the regional market and the strategic business planning.
  • The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.​

Market Segmentation:

By Technology

  • Hybrid Mass Spectrometry
    • Triple Quadrupole (Tandem)
    • Quadrupole TOF (Q-TOF)
    • FTMS (Fourier Transform Mass Spectrometry)
      • FT-ICR MS
      • Orbitrap
  • Single Mass Spectrometry
    • ION Trap
    • Quadrupole
    • Time-of-Flight (TOF)
  • Other Mass Spectrometry

By Application

  • Pharmaceutical
  • Biotechnology
  • Industrial Chemistry
  • Environmental Testing
  • Food & Beverage Testing
  • Other Applications

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Table of Content:

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. TOP PLAYER POSITIONING
3.4. PATENTS ANALYSIS

3.4.1. Patent analysis by year
3.4.2. Patent analysis by region

3.5. PORTER’S FIVE FORCES ANALYSIS
3.6. MARKET DYNAMICS

3.6.1. Drivers
3.6.2. Restraints
3.6.3. Opportunities

CHAPTER 4 GLOBAL MASS SPECTROMETRY MARKET, BY TECHNOLOGY

4.1. OVERVIEW

4.1.1. Market size & forecast

4.2. HYBRID MASS SPECTROMETRY

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size & forecast
4.2.4. Triple Quadruple (Tandem)

4.2.4.1. Market size and forecast

4.2.5. Quadruple TOF (Q-TOF)

4.2.5.1. Market size and forecast

4.2.6. FTMS(Fourier Transform Mass Spectrometry)

4.2.6.1. Market size and forecast

4.3. SINGLE MASS SPECTROMETRY

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size & forecast
4.3.4. ION Trap

4.3.4.1. Market size and forecast

4.3.5. Quadruple

4.3.5.1. Market size and forecast

4.3.6. Time-of-Flight (TOF)

4.3.6.1. Market size and forecast

4.4. OTHER MASS SPECTROMETRY

4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size & forecast

CHAPTER 5 GLOBAL MASS SPECTROMETRY MARKET, BY APPLICATIONS

5.1. OVERVIEW

5.1.1. Market size & forecast

5.2. PHARMACEUTICAL

5.2.1. Market size & forecast

5.3. BIOTECHNOLOGY

5.3.1. Market size & forecast

5.4. INDUSTRIAL CHEMISTRY

5.4.1. Market size & forecast

5.5. ENCIRONMENTAL TESTING

5.5.1. Market size & forecast

5.6. FOOD & BEVERAGE TESTING

5.6.1. Market size & forecast

5.7. OTHER APPLICATIONS

5.7.1. Market size & forecast

CHAPTER 6 GLOBAL MASS SPECTROMETRY MARKET, BY GEOGRAPHY

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size & forecast

6.2.3.1. U.S. market size and forecast
6.2.3.2. Canada market size and forecast
6.2.3.3. Mexico market size and forecast

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size & forecast

6.3.3.1. Germany market size and forecast
6.3.3.2. France market size and forecast
6.3.3.3. UK market size and forecast
6.3.3.4. Italy market size and forecast
6.3.3.5. Spain market size and forecast
6.3.3.6. Rest of Europe market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size & forecast

6.4.3.1. Japan market size and forecast
6.4.3.2. China market size and forecast
6.4.3.3. Australia market size and forecast
6.4.3.4. India market size and forecast
6.4.3.5. South Korea market size and forecast
6.4.3.6. Taiwan market size and forecast
6.4.3.7. Rest of Asia-Pacific market size and forecast

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size & forecast

6.5.3.1. Brazil market size and forecast
6.5.3.2. Turkey market size and forecast
6.5.3.3. Saudi Arabia market size and forecast
6.5.3.4. Rest of LAMEA market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1. AGILENT TECHNOLOGIES, INC

7.1.1. Operating business segments
7.1.2. Business performance
7.1.3. Key strategic moves and developments

7.2. THERMO FISHER SCIENTIFIC, INC

7.2.1. Operating business segments
7.2.2. Business performance
7.2.3. Key strategic moves and developments

7.3. DANAHER CORPORATION

7.3.1. Operating business segments
7.3.2. Business performance
7.3.3. Key strategic moves and developments

7.4. WATERS CORPORATION

7.4.1. Operating business segments
7.4.2. Business performance
7.4.3. Key strategic moves and developments

7.5. BRUKER CORPORATION

7.5.1. Operating business segments
7.5.2. Business performance
7.5.3. Key strategic moves and developments

7.6. PERKINELMER, INC.,

7.6.1. Operating business segments
7.6.2. Business performance
7.6.3. Key strategic moves and developments

7.7. SHIMADZU CORPORATION

7.7.1. Operating business segments
7.7.2. Business performance
7.7.3. Key strategic moves and developments

7.8. KORE TECHNOLOGIES, LTD

7.8.1. Operating business segments
7.8.2. Business performance
7.8.3. Key strategic moves and developments

7.9. DANI INSTRUMENTS S.P.A.,

7.9.1. Operating business segments
7.9.2. Business performance
7.9.3. Key strategic moves and developments

7.10. LECO CORPORATION

7.10.1. Operating business segments
7.10.2. Business performance
7.10.3. Key strategic moves and developments

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