Mass Spectroscopy Market - Analysis and Forecast 2023

Albany, NY -- (SBWire) -- 11/08/2016 --Spectrometry is a widely used technique in analytical chemistry to identify the contents in a test sample with the help of interaction between mass and energy. There are three major types of spectrometry techniques, which are divided based on the method of analyzing the test sample: atomic spectrometry, mass spectrometry and molecular spectrometry. Mass spectrometry is one of the most widely technique to analyze chemical contents in a sample based on mass-to-charge ratio of the ions. Mass spectrometry includes various technologies which include gas and liquid chromatography combined with mass spectrometry, matrix-assisted laser desorption/ionization (MALDI), time-of-flight mass spectrometry (TOFMS), quadrupole mass spectroscopy. In healthcare, mass spectroscopy is used to trace distribution of numerous biomolecules directly from tissue samples. The technique helps in analysis of peptides, proteins, pharmaceutical drugs and metabolites. Mass spectroscopy allows testing for multiple diseases using small amount of sample and also allows screening programs to be customize according to specific population which focuses on diseases most likely to be present in that population. Wide scope of applications has expanded mass spectroscopy market in healthcare sector.

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Gas chromatography-mass spectrometry (GC-MS) combination systems provide quantitative analysis of the components along with mass spectrum. GC-MS systems find applications in pharmaceutical and chemical analysis, food and product safety, clinical and toxicology testing, and forensic and environmental studies. MALDI-TOF mass spectrometer uses a focused laser beam in the ultraviolet or infrared range to analyze solid samples in two stages: desorption of surface particles by laser beam and ionization of matrix (solvent). The technique is useful in clinical diagnostics, environmental and taxonomical research, food processing and quality control. Triple-quadrupole liquid chromatography-mass spectrometry is used in pharmaceutical research for pharmacokinetic screening, metabolite identification, impurity profiling and other related applications. The technique is also used in analyzing samples for identifying drug and pesticide residues, identification and quantification of disease agents and carcinogens in food samples. In environmental sciences, it is used for identification of contaminants in water and soil. Inductively coupled plasma mass spectrometry (ICP-MS), a type of mass spectrometry technique, enables the detection of metal components in extremely low concentration and is majorly used for clinical and forensic applications where traces of metals are detected in samples such as urine, plasma and tissue fluids.

In the last few years, the increasing research and development activities in proteomics, molecular biology, gene expression studies, drug development, and biomarkers have boosted the demand for mass spectroscopy. Thus, several mass spectroscopy device manufacturers are focusing on developing the technology.

The technological advancements in this field are also driving the global market for mass spectroscopy. In addition, these developments have also increased the applications of mass spectroscopy in the last few years. As a result, the customer base has increased tremendously for the global mass spectroscopy market. Some of the major customers in the healthcare sector include research institutions, diagnostic and forensic laboratories, and pharmaceutical companies.

The global market for mass spectroscopy has been divided on the basis geography into North America, Asia Pacific, Europe, and Rest of the World. At present, Europe and North America collectively dominated the market, holding a share of 50% in the global market for mass spectroscopy. The rapid growth of these two regions can be attributed to a large number of research and academic institutes. On the other hand, Asia Pacific exhibits immense growth potential owing to the growing research expenses and developing economic conditions. However, the high costs of devices are estimated to hamper the market penetration in several middle-income economies.

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Furthermore, the research study talks about the competitive scenario of the global market for mass spectroscopy and provides an in-depth analysis of the major players in the market. Some of the prominent players operating in the market are Bruker Corporation, Danaher Corporation, Kore Technologies, Ltd., Waters Corporation, Leco Corporation, Dani Instruments S.P.A., Perkinelmer, Inc., Agilent Technologies, Inc., Shimadzu Corporation., and Thermo Fisher Scientific, Inc. The SWOT analysis of these players has been included in the research study to help the new players entering the market in formulating their policies and strategies in an effective manner.

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