Mass Spectrometry Market by Offering Technology Application End User

Description

List of Tables

Mass Spectrometry Market Size, Share, Forecast, & Trends Analysis by Offering [Instrument, Software], Technology [Quadrupole, LC MS, Ion Trap, GC MS, Time of Flight, MALDI], Application [Impurity, Clinical Testing], End User - Global Forecast to 2030

The mass spectrometry market is projected to reach $10.4 billion by 2030 at a CAGR of 8.3% from 2023 to 2030.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report provides an analysis of key industry drivers, restraints, opportunities, and challenges.

The growth of this market is driven by advancements in mass spectrometry technology, increasing food safety concerns, increasing applications of mass spectrometry, increasing R&D expenditure by pharmaceutical and biotechnology companies, and the high reliability and sensitivity of mass spectrometers. However, the high costs of instruments restrain the growth of this market. The rising adoption of mass spectrometers in emerging markets is a significant opportunity for the players operating in this market. However, the lack of skilled professionals is a challenge impacting the growth of this market. Additionally, the rising adoption of portable mass spectroscopy devices is a prominent trend in the mass spectrometry market.

The report offers a competitive landscape based on an extensive assessment of the product portfolios, geographic presence, and key strategic developments of leading market players during the last four years (2020-2023). The key players operating in the mass spectrometry market are Agilent Technologies, Inc. (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Waters Corporation (U.S.), Perkin Elmer Inc. (U.S.), INFICON Holding AG (Switzerland), Pfeiffer Vacuum GmbH (Germany), LECO Corporation (U.S.), Rigaku Corporation (Japan), Shimadzu Corporation (Japan), SCIEX (a subsidiary of Danaher Corporation) (U.S.), LECO CORPORATION (U.S.), and Advion, Inc. (U.S.).

Based on offering, in 2023, the instrument segment is expected to account for the largest share of the mass spectrometry market. The segment's large share is attributed to the instruments' large-scale analysis capabilities and capacity to study several molecules from the same or different structural family and detect specific metabolites of disease.

Based on technology, in 2023, the quadrupole mass spectrometry segment is expected to account for the largest share of the mass spectrometry market. The large share of the segment is attributed to the benefits offered by quadrupole mass analyzers in targeted and quantitative applications and quadrupole mass spectrometry's use in measuring one or more ions in a mixture. Furthermore, quadrupole mass spectrometry is fast, simple, and reliable and does not require a high vacuum.

Based on application, in 2023, the drug metabolism testing segment is expected to account for the largest share of the mass spectrometry market. The large market share of this segment is attributed to the increasing applications of mass spectrometry in drug testing, increasing pharmaceutical and biotechnology research, and the high usage of mass spectrometers in target validation.

Based on end user, in 2023, the pharmaceutical & biotechnology industry segment is expected to account for the largest share of the mass spectrometry market. The large market share of this segment is attributed to the increasing role of mass spectrometry in the drug discovery and development pipeline, the increasing adoption of mass spectrometry in metabolomics, proteomics, and analysis of clinical tissue samples, and mass spectrometers' ability to determine pharmacokinetic properties and compound structures.

An in-depth analysis of the geographical scenario in the mass spectrometry market provides detailed qualitative and quantitative insights into five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the mass spectrometry market. Further, in 2023, the U.S. is expected to account for the major share of the mass spectrometry market in North America. The large share of this market is primarily attributed to the increase in R&D expenditures in the pharmaceutical & biotechnology industries, favorable government initiatives supporting mass spectrometry-based research, and the high adoption of advanced technologies.

Scope of the Report:

Mass Spectrometry Market Assessment-by Offering

Instrument
Software
Services

Mass Spectrometry Market Assessment-by Technology

Quadrupole Mass Spectrometry
Time of Flight Mass spectrometry
Chromatography Mass Spectrometry
- GC MS
- LC MS
Matrix-assisted Laser Desorption Ionization (MALDI) Mass Spectroscopy
Magnetic Sector Mass Spectrometry
Fourier Transform Mass Spectrometry
Ion Trap Spectrometry
Portable Mass Spectrometry
Integrated Technologies

Mass Spectrometry Market Assessment-by Application

Structure Elucidation
Impurity Testing
Drug Metabolism Testing
Clinical Toxicological Testing
Forensic Testing
Other Applications

Note: Other applications include pesticide residue analysis, isotope ratio determination, protein identification, and carbon dating.

Mass Spectrometry Market Assessment-by End User

Pharmaceutical & Biotechnology Industry
Academic and Research Institutes
Environmental Agencies
Food & Beverage Companies
Petrochemical Industry
Other End Users

Note: Other end users include forensics, and the nutraceuticals and cosmeceutical industries.

Mass Spectrometry Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe (RoE)
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific (RoAPAC)
Latin America
- Brazil
- Mexico
- Rest of Latin America (RoLATAM)
Middle East & Africa

Product Code: MRHC - 104854

1. Overview

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency and Limitation
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Technological Advancements in Mass Spectrometry Technology
- 4.2.2. Increasing Food Safety Concerns
- 4.2.3. Increasing R&D Expenditure by Pharmaceutical and Biotechnology Companies
- 4.2.4. High Reliability and Sensitivity of Mass Spectrometers
4.3. Restraints
- 4.3.1. High Costs of Instruments
4.4. Opportunities
- 4.4.1. Rising Adoption of Mass Spectrometers in Emerging Markets
4.5. Challenges
- 4.5.1. Lack of Skilled Professionals
4.6. Trends
- 4.6.1. Rising Adoption of Portable Mass Spectroscopy Devices
4.7. Pricing Analysis
4.8. Regulatory Analysis
4.9. Case Studies / Use Cases

5. Global Mass Spectrometry Market & Trend Analysis, by Offering

5.1. Overview
5.2. Instrument
5.3. Software
5.4. Services

6. Global Mass Spectrometry Market Size & Trend Analysis, by Technology

6.1. Overview
6.2. Quadrupole Mass Spectrometry
6.3. Time of Flight (ToF) Mass spectrometry
6.4. Chromatography Mass Spectrometry
- 6.4.1. GC MS
- 6.4.2. LC MS
6.5. Matrix-assisted Laser Desorption Ionization (MALDI) Mass Spectroscopy
6.6. Magnetic Sector Mass Spectrometry
6.7. Fourier Transform Mass Spectrometry
6.8. Ion Trap Spectrometry
6.9. Portable Mass Spectrometry
6.10. Integrated Technologies

7. Global Mass Spectrometry Market Size & Trend Analysis, by Application

7.1. Overview
7.2. Structure Elucidation
7.3. Impurity Testing
7.4. Drug Metabolism Testing
7.5. Clinical Toxicological Testing
7.6. Forensic Testing
7.7. Other Applications

8. Global Mass Spectrometry Market Size & Trend Analysis, by End User

8.1. Overview
8.2. Pharmaceutical & Biotechnology Industry
8.3. Academic and Research Institutes
8.4. Environmental Agencies
8.5. Food & Beverage Companies
8.6. Petrochemical Industry
8.7. Other End Users

9. Mass Spectrometry Market Size & Trend Analysis, by Geography

9.1. Overview
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
9.3. Europe
- 9.3.1. Germany
- 9.3.2. France
- 9.3.3. Italy
- 9.3.4. U.K.
- 9.3.5. Spain
- 9.3.6. Rest of Europe (RoE)
9.4. Asia-Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. South Korea
- 9.4.5. Rest of Asia-Pacific
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
9.6. Middle East & Africa

10. Competition Analysis

10.1. Overview
10.2. Key Growth Strategies
10.3. Vendor Market Positioning
10.4. Competitive Dashboard
- 10.4.1. Industry Leaders
- 10.4.2. Market Differentiators
- 10.4.3. Vanguards
- 10.4.4. Emerging Companies
10.5. Market Share Analysis/Market Ranking (2022)

11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, SWOT Analysis of Top 5 Companies, and Strategic Developments)

11.1. Agilent Technologies, Inc.
11.2. Bruker Corporation
11.3. Danaher Corporation
11.4. Thermo Fisher Scientific, Inc.
11.5. Waters Corporation
11.6. Perkin Elmer Inc.
11.7. INFICON Holding AG
11.8. Pfeiffer Vacuum GmbH
11.9. LECO Corporation
11.10. Rigaku Corporation
11.11. Shimadzu Corporation
11.12. SCIEX (A subsidiary of Danaher Corporation)
11.13. LECO CORPORATION
11.14. Advion, Inc.

12. Appendix

12.1. Available Customization
12.2. Related Reports