The comprehensive Mass Spectroscopy Market report uses the SWOT analysis technique for the assessment of the development of the most remarkable market players. The market is also well analyzed on the basis of numerous regions. For reaching towards the success at local, regional as well as international level, this high quality market research report is a definitive solution. The data and information about industry are taken from reliable sources such as websites, annual reports of the companies, and journals, and then validated by the market experts. The world class Mass Spectroscopy Market report is provided with the powerful insights and data that helps outshine the competition.
The Mass Spectroscopy Market research study evaluates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Also, this market report gives idea to clients about the market drivers and restraints with the help of SWOT analysis and provides all the CAGR projections for the historic year 2020, base year 2021 and forecast period of 2022-2029. The Mass Spectroscopy Market report is crafted in such a way that it proves to be the most suitable to the business needs.
Data Bridge Market Research analyses that the mass spectrometry market is expected to undergo a CAGR of 4.54% during the forecast period. This indicates that the market value, which was USD 2.50 billion in 2021, would rocket up to USD 10.40 billion by 2029. “Pharmaceutical Industry” dominates the end user segment of the mass spectrometry market owing to the growth of the pharmaceutical industry, and the presence of stringent regulatory guidelines for drug development. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Growing number of research and development proficiencies involving the application of analytical tools has carved the way for the growth of the market. According to the Organization for Economic Co-operation and Development (OECD), in 2018, in Germany, approximately 3.13% of GDP was spent on research and development and these investments in research and development activities are expected to increase the demand for mass spectrometer in drug development, proteomics, and pharmaceuticals.
Segmentation:-
Global Mass Spectroscopy Market, By Technology (Hybrid Mass Spectrometry, Single Mass Spectrometry, Other Technologies), Application (Life Science Research, Drug Discovery, Environmental Testing, Food Testing, Applied Industries, Clinical Diagnostics, Others), End user (Pharmaceutical Industry, Biotechnology Industry, Research and Academic Institutes, Environmental Testing Industry, Food and Beverage Testing Industry, Petrochemical Industry, Other End Users)- Industry Trends and Forecast to 2029
Competitive Landscape and Mass Spectroscopy Market Share Analysis
The mass spectrometry market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mass spectrometry market.
Major Players:-
Thermo Fisher Scientific, Inc. (US), SCIEX (US) Agilent Technologies, Inc. (US), Waters Corporation (US), PerkinElmer Inc. (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 Teledyne FLIR LLC(US) among others.
Global Mass Spectroscopy Market Definition
Mass spectroscopy is a medical technology that is used to analyse a given sample and identify the quantities of compound in that given sample. This technology is used to measure and chalk out the unknown components and compounds using electrons.
Mass Spectroscopy Market Dynamics
Drivers
- Rising technological advancements
Surging technological advancements in the mass spectrometers in one of the major factors fostering the growth of the market. Mass spectroscopy plays an important role for the pharmaceutical industry. Therefore, increased funding to develop the pharma infrastructure will directly influence the market growth.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted by pharmaceutical and biopharmaceutical countries for the integration of advanced technologies in the healthcare facilities is also bolstering the market growth rate.
- Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the market growth rate. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities. Growing initiatives taken by the government pertaining to environmental testing and stringent regulations imposed on environmental pollution is also escalating the market value. Also, high return on investments assured by the research activities will also work in the favour of the market.
Additionally, initiatives by the government to spread awareness especially in the developing economies, surge in the personal disposable income level, introduction of technologically driven products in hospitals, increasing cases of high blood pressure, high blood cholesterol and obesity, positively affect the market growth rate.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, growing consumption of tobacco products and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, surging number of strategic collaborations, rising internet penetration rate, growing number of hospitals and laboratories, bad and unhealthy lifestyle of individuals, growing cases of chronic obstructive pulmonary disease, and type 2 diabetes and increasing per capita expenditure on health care will further expand the market’s growth rate in the future.
Restraints/Challenges Global Mass Spectroscopy Market
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and the fact that technological developments have increased system prices are expected to obstruct market growth. Also, lack of favourable reimbursement scenario and technology penetration in the developing economies, requirement for high capital investments for setting up production facilities, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
This mass spectrometry market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
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COVID-19 Impact on Mass Spectroscopy Market
COVID-19 has significantly and positively impacted the market. This pandemic has resulted in rise in demand for technologically advanced mass spectrometers from the pharmaceutical and biotechnology industries. In 2020 in India, researchers in big institutes such as Delhi-based Institute of Genomics and Integrative Biology (IGIB) and the National Center for Disease Control (NCDC) were able to find a novel coronavirus (COVID-19) with 95% sensitivity and 100% by using a mass spectrometer. New drug developments in this pandemic wre on the rise which further promoted the growth rate of the market. Increased adoption of food and beverages sector further carved the way for the growth.
Recent Development
- In October 2020, Shimadzu expanded its operation by establishing its branch office in Copenhagen, Denmark. This expansion allowed the company to focus on providing its full range of analytical instrumentation solutions in the region.
- In April 2020, the UK diagnostics firm MAP Sciences announced the development of a rapid test for the COVID-19 virus.
Global Mass Spectroscopy Market Scope
The mass spectrometry market is segmented on the basis of technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Hybrid Mass Spectrometry
- Single Mass Spectrometry
- Other Technologies
Based on the technology, the mass spectrometry market is segmented into hybrid mass spectrometry, single mass spectrometry, and other technologies. Hybrid mass spectrometry is sub-segmented into triple quadrapole, quadrapole tof, and fourier transform mass spectrometry. Single mass spectrometry is sub-segmented into ion trap, quadrapole, and time-of-flight
Application
- Life Science Research
- Drug Discovery
- Environmental Testing
- Food Testing
- Applied Industries
- Clinical Diagnostics
- Others
Based on the application, the mass spectrometry market is segmented into life science research, drug discovery, environmental testing, food testing, applied industries, clinical diagnostics, others.
End User
- Pharmaceutical Industry
- Biotechnology Industry
- Research and Academic Institutes
- Environmental Testing Industry
- Food and Beverage Testing Industry
- Petrochemical Industry
- Other End Users
Based on the end user, the mass spectrometry market is segmented into pharmaceutical industry, biotechnology industry, research and academic institutes, environmental testing industry, food and beverage testing industry, petrochemical industry, and other end users.
Mass Spectroscopy Market Regional Analysis/Insights
The mass spectrometry market is analysed and market size insights and trends are provided by country, technology, application and end user as referenced above.
The countries covered in the mass spectrometry market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the mass spectrometry market because of the strong base of healthcare facilities, rising investment from key players in the growth of the advanced devices, growing number of processes pertaining to drug development, favourable government funding programs for research studies that use mass spectrometry, stringent regulatory scenario in the pharmaceutical industry and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, growing utilization rates of mass spectrometry in pharmaceutical industries and in food testing processes and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The mass spectrometry market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for mass spectrometry market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the mass spectrometry market. The data is available for historic period 2010-2020.
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