Sarasota, FL -- (SBWIRE) -- 05/23/2018 -- Mass Spectrometry Market: Overview
Mass spectrometry is used to identify various types of chemicals present in the sample of interest. It is an analytical technique that measures the mass-to-charge ratio and abundance of gas-phase ions and is also used in the quantification of known compounds in the sample by using electrons. Mass spectrometry also elucidates the structure and chemical properties of different molecules by converting the sample into gaseous ions with or without fragmentation. Mass spectrometry apply charged electrons which, after entering the sample coverts its contents into positive ions where these ions are further separated on the basis of their molecular mass, these positive ions can be manipulated using external electric charge or magnetic field. Mass spectroscopy works on basic principles of measuring relative molecular masses of compounds, understanding fragmentation of molecules and comparing the mass-to-charge ratios.
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Mass Spectrometry Market: Growth Factors
The Mass spectrometry market is expected to show steady growth rate over the forecast period owing to multiple drivers including technological advancements such as improved resolution, increased speed and high accuracy along with increasing use the technique in proteomics, metabolomics and in the pharmaceutical sector. Coupled with an upsurge of private funding and government spending in the pharmaceutical research and development (R&D), the global mass spectroscopy market is expected to bolster over the forecast period. Other factors including rising concerns and regulations in food and beverage industry are also anticipated to fuel the growth of mass spectrometry market across the globe. The high cost of the instruments is the key restraint for the growth of mass spectrometry market. Moreover, the dearth of skilled labor to operate these expensive devices is another challenge in the growth of the global mass spectroscopy market. The rise in the number of mergers and acquisition among major players and small and medium enterprises is a key trend of the global mass spectroscopy market.
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Mass Spectrometry Market: Segmentation
The global mass spectrometry market is segmented on the basis of the instrument, technology, application, and end-user. Based on the instrument, global mass spectrometry market is segmented as an ion source, mass analyzers, and detector systems, wherein the mass analyzers segment is sub-segmented into quadrupole mass analyzers, magnetic mass analyzers (single-focusing, double-focusing), and time of flight (ToF) analyzers. Based on technology, global mass spectrometry market is classified as gas chromatography-mass spectrometry (GC-MC), liquid chromatography-mass spectrometry (LC-MS), quadrupole-time of flight liquid chromatography-mass spectrometry, inductively coupled plasma mass spectrometry, and matrix-assisted laser desorption/ionization – a time of flight spectrometry. Among which matrix-assisted laser desorption/ionization –time of flight spectrometry segment is expected to experience relatively high growth rate, attributed to relatively advanced technique. On the basis of application, global mass spectrometry market is segmented as biopharmaceutical, forensic toxicology, clinical research, proteomics, drug discovery and testing, and metabolomics. Based on end-user, global mass spectrometry market is categorized as pharmaceutical and biotechnology companies, academic and research institutes, and contract research organizations (CRO). Among which pharmaceutical and biotechnology companies are expected to lead the global mass spectrometry market owing to growing focus on R&D and adoption of analytical tools for toxicology and contamination profiling.
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Mass Spectrometry Market: Regional Analysis
North America is the leading market for mass spectrometry across the globe reason being increased government investments in biotechnology and biomedical areas and growing research in proteomics. The U.S. is the leader and represents the largest market in North America mass spectrometry market followed by Canada. Europe is a well-established market and is witnessing steady growth due to stringent regulations for food and drug along with robust research base, Germany commands the largest share in the region with France, Italy, Spain and The U.K holding significant market share. Asia is a lucrative market as multiple companies are establishing their manufacturing and research facilities in the region. Japan, China, and India mass spectrometry market are projected to experience substantial growth in the Asia Pacific market over the forecast period.
Mass Spectrometry Market: Competitive Players
Some of the key players in mass spectrometry market are Agilent Technologies, Thermo Fisher Scientific, Bio-Rad Laboratories, Rigaku, PerkinElmer, Waters Corporation, Bruker Corporation, Danaher Corporation, Shimadzu Corporation, Dani Instruments S.P.A., and Leco Corporation.
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