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Mass Spectrometry market is projected to grow at a CAGR of 7.4%
The global mass spectrometry market is expected to reach USD 5.27 billion in 2022 from USD 3.68 billion in 2017 at a CAGR of 7.4%. The key factors driving the growth of the overall mass spectrometry market include the rising food safety concerns, increase in investment on pharmaceutical research and development, government initiatives for pollution control and environmental testing and technological advancements in mass spectrometry. However, the high cost of mass spectrometry systems is likely to restrain the growth of the market during the forecast period.
The pharmaceutical application is projected to grow at the highest CAGR during the forecast period
Based on application, the mass spectrometry market is segmented into pharmaceutical applications, biotech applications, environmental testing, food and beverage testing, petrochemical applications, and other applications. During the forecast period, the pharmaceutical application is expected to grow at the highest CAGR. This growth is mainly due to the growing importance of mass spectrometry in various stages of drug development and increasing RD in pharmaceutical industries.
North America to witness the highest growth during the forecast period
North America is expected to register the highest CAGR in the global mass spectrometry market during the forecast period of 20172022. Factors such as growing biopharmacuetical and biotechnology research development and availability of funding for innovationbased research coupled with the boost in the US shale oil and gas production are expected to drive market growth during the forecast period.
Break of primary participants was as mentioned below:
By Company Type Tier 152%, Tier 230%, and Tier 318%
By Designation Clevel45%, Director Level30%, Others25%
By Region North America36%, Europe24%, Asia Pacific29%, RoW11%
Some of the major players in the mass spectrometry market include Sciex Subsidiary of Danaher US, Agilent Technologies US, Waters Corporation US, Thermo Fisher Scientific US, PerkinElmer US, and Shimadzu Corporation Japan.
The report analyzes the mass spectrometry market and aims at estimating the market size and the future growth potential of this market based on various segments such as type of mass spectrometry on the basis of platform, application, and region. The report also includes an indepth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use any one or a combination of the belowmentioned five strategies.
This report provides insights on the following pointers:
Market Penetration: Comprehensive information on product and service portfolios offered by the top players in the global mass spectrometry market
Service Enhancement/Innovation: Detailed insights on upcoming trends and service launches in the global mass spectrometry market
Market Development: Comprehensive information about the lucrative emerging markets by type of platform, application, and region
Market Diversification: Exhaustive information about new services or service enhancements, growing geographies, recent developments, and investments in the global mass spectrometry market
Competitive Assessment: Indepth assessment of market shares, growth strategies, products, and services of leading players in the market
Original Article: Mass Spectrometry Market by Platform Hybrid mass spectrometry Triple Quadrupole, QTOF FTMS, Single mass spectrometry Quadrupole, TOF Ion Trap, Application Pharmaceuticals, Biotechnology, Environmental testing Global Forecast to 2022 [Report Updated: 07NEXT ARTICLE
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