Mass Spectrometry Market Analysis by P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Mass Spectrometry Market Size, Share, Development, Growth and
Demand Forecast to 2020
Global Mass Spectrometry Market Size, Share, Development,
Growth and Demand Forecast to 2020
The global mass spectrometry market is growing significantly due to its applications in various sectors, increasing
concern for environment and food safety, and advances in mass spectrometry technologies. Large unexplored
mass spectrometry market in emerging economies and growing research and development activities in genomics
and proteomics are creating ample opportunities for the global mass spectrometry market to grow at a
considerable rate in the coming years. Major players in mass spectrometry industry are focusing on the
development of advanced mass spectrometer with high resolution and high mass accuracy.
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Increasing adoption rate of liquid chromatography mass spectrometry in clinical research is a trend in global mass
spectrometry market. The liquid chromatography mass spectrometry provides better analytical results compared
to conventional high pressure liquid chromatography and immunoassays. In addition, matrix-assisted laser
desorption/ionization time-of-flight mass spectrometry has replaced conventional technique in most of the clinical
diagnostics by providing rapid, efficient microbial characterization and identification in laboratories at low cost.
Matrix-assisted laser desorption/ionization time-of-flight mass spectrometry has improved accuracy, resolution
and sensitivity; this in turn drives the global mass spectrometry market. Similarly, inductively coupled plasma
mass spectrometry is capable of detecting non-metals at very low concentration; hence, having applications in
metal speciation, elemental analysis, and quantification of proteins and biomolecules.
The global mass spectrometry market is breakdown by technology type and end-users. Based on technology
type, the mass spectrometry market is categorized as single quadrupole liquid chromatography mass
spectrometry, matrix-assisted laser desorption/ionization time-of-flight mass spectrometry, gas chromatography
mass spectrometry, quadrupole time of flight liquid chromatography mass spectrometry, ion mobility mass
spectrometry, fourier transform ion cyclotron resonance mass spectrometry, inductively coupled plasma mass
spectrometry, and others. Matrix-assisted laser desorption/ionization time-of-flight mass spectrometry is growing
at the fastest rate in the global mass spectrometry market due to the increasing usage in clinical diagnostics
laboratories. Based on applications, mass spectrometry market is categorized as biotechnology, pharmaceuticals,
food and beverage testing, industrial chemistry, environment testing, and others.
Some of the factors driving the growth of the global mass spectrometry market are increasing usage of mass
spectrometry in various industrial sectors, including pharmaceuticals, technological advancement in mass
spectrometry, food and beverage, government research laboratories, and chemical industry, increasing
government spending on research activities, and increasing research and development activities in genomics and
proteomics. However, high cost of advanced mass spectrometers and lack of trained professionals are some of
the factors restraining the growth of the global mass spectrometry market to some extent.
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Global Mass Spectrometry Market Size, Share, Development,
Growth and Demand Forecast to 2020
Geographically, North America will be leading the global mass spectrometry market in the coming years due to
high government funding, technological advancements in mass spectrometry, presence of large number of
pharmaceuticals, biotechnology, and chemical companies. In addition, stringent government regulation for food
safety and environment testing further propels the mass spectrometry market in North America region. AsiaPacific is the fastest growing region in the global mass spectrometry market. The major reasons for the fastest
growth in the region are increasing genomics and proteomics related research activities, increasing adoption of
mass spectrometry in various industrial sectors, such as pharmaceuticals, biotechnology, and lifesciences, and
increasing government spending.
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Some of the major players operating in the global mass spectrometry market are Shimadzu Corporation, Agilent
Technologies, Inc., Dani Instruments S.P.A, Danaher Corporation, Bio-Rad Laboratories, Inc, Waters Corporation,
Thermo Fisher Scientific, Inc., Rigaku Corporation, Perkinelmer, Inc., and Bruker Corporation among others.
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