Mass Spectrometry Market Size, Growth and Demand Forecast to 2022

The global mass spectrometry market was valued at $4,948.3 million in 2015, and it is expected to grow at a CAGR of 8.1% during the period 2016 – 2022. The global market is increasing, due to increasing food safety concern, growing demand in life science and clinical analysis sector, and increasing healthcare expenditure and development of healthcare infrastructure.  In addition, the technological advancements with advent of mass spectrometry equipment are further encouraging the  growth of the market.

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Based on platform, the hybrid mass spectrometry segment accounted for the largest share during the forecast period. Among the various end-users, the pharmaceutical segment accounted for the largest share in the global market in 2015; and the segment is expected to grow at 8.8% CAGR during 2016 – 2022.

In addition, the increasing food safety concerns to prevent the food from spoilage also acts as a major growth driver in the global mass spectrometry market. In order to maintain the safety and quality of food, the presence of required microorganisms needs to be confirmed, and the presence of microorganisms which may lead to spoilage must be detected. Both government authorities and food companies use microbiological analysis to monitor contamination and analyze its trends to detect emerging risks
However, the lack of skilled professionals act as major restraints in the growth of the global market.  In addition, the high cost mass spectrometry equipment is further restraining the growth of the market. The Asian market is expected to witness the fastest growth, at a CAGR of 8.7% during the period 2016 – 2022.

The key companies operating in the global mass spectrometry market include Danaher Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., Bruker Corporation, Agilent Technologies Inc., Waters Corporation, PerkinElmer Inc., LECO Corporation, Dani Instruments S.p.A, Protea Biosciences Group Inc., Microsaic Systems PLC, Endress+Hauser Inc., Jeol USA Inc., and Elico Ltd.

GLOBAL MASS SPECTROMETRY MARKET SEGMENTATION
By Platform

  • Hybrid Mass Spectrometry
    • Triple Quadrupole Mass Spectrometry
    • Quadrupole Time-of-Flight (Q TOF) Mass Spectrometry
    • Fourier Transform Mass Spectrometry (FTMS)
  • Single Mass Spectrometry
    • Quadrupole Mass Spectrometry
    • Ion Trap Mass Spectrometry
    • Time-of-Flight (TOF) Mass Spectrometry
  • Other Mass Spectrometry

By Application

  • Drug discovery and development
  • Proteomics
  • Clinical Testing
  • Environment
  • Others

By End User

  • Pharmaceuticals
  • Life science and Biotechnology
  • Academic and Research Institute
  • Hospitals
  • Others

By Geography

  • North America – U.S., Canada, and Rest of North America
  • Europe – Germany, France, U.K., Italy, Spain and Rest of Europe
  • Asia – China, Japan, India, and Rest of Asia
  • Rest of the World – Brazil, Australia and Others
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