The Mass Spectrometry Market is at the forefront of analytical science, driving innovations in fields ranging from pharmaceuticals and biotechnology to environmental monitoring and forensic analysis. This market’s rapid growth is propelled by the increasing need for precise molecular analysis, with mass spectrometry serving as the gold standard. It empowers researchers and scientists to unravel complex biological and chemical structures, identify trace elements, and detect contaminants with unparalleled accuracy. The global mass spectrometry market size was valued at $5,885.28 million in 2020, and is projected to reach $12,697.21 million by 2030, registering a CAGR of 8.0%.
♦ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 –
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Key Findings of the Study –
- Depending on technology, the hybrid mass spectrometry segment held 55% share in the global mass spectrometry market in 2020.
- By application, the pharma segment accounted for the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
- Region wise, Asia-Pacific is expected to exhibit highest CAGR of 8.50% during the forecast period.
Mass spectrometry offers increased sensitivity compared to other analytical systems, due to reduced background intrusion and higher specificity of characteristic fragmentation patterns to detect unknown compounds. Specific applications of mass spectrometry include drug testing and discovery, food contamination detection, pesticide residue analysis, isotope ratio determination, protein identification, and carbon dating. In addition, it can also determine the existence of the suspected substance and data on the molecular weight of the compound in the mixture, and provide data on the isotopic abundance and determined chemical data. Other uses include quantifying compounds in samples or studying the basics of gas-phase ion chemistry (the chemistry of ions and neutrals in space).
By technology, the hybrid mass spectrometry segment dominates the mass spectrometry market in 2020 and is expected to grow due to the increase in the advantages of hybrid mass spectrometers, such as fast testing capabilities and high resolution and the increasing demand for it. correct and accurate data. out.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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In 2020, North America received the highest contribution of about $2,389.42 million in total revenue, due to technological advancements in mass spectrometry and integration of hardware and software systems in mass spectrometry devices.
Key Market Players –
Major key players that operate in the industry are Agilent Technologies, Inc., Danaher Corporation, Waters Corporation, Bruker Corporation, Thermo Fisher Scientific, Inc., Perkinelmer, Inc., Shimadzu Corporation., Kore Technologies, Ltd., Hiden Analytical, and Leco Corporation.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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