Press release
Global Liquid Chromatography-Mass Spectroscopy Market will be Valued over US$ 2.2 Bn by 2024-end
The report, titled “Liquid Chromatography-Mass Spectroscopy (LC-MS) Market: Global Industry Analysis and Forecast, 2016-2024,” projects that the value of global liquid chromatography-mass spectroscopy market, which is currently estimated at just over US$ 1,200 Mn, is likely to get doubled by the end of 2024. During this forecast period, the market will soar at an impressive CAGR of 7.9%. Key findings in the report also project that North America and Europe will be leading regions, procuring more than half of global revenues. Towards the end of 2024, North America’s liquid chromatography-mass spectroscopy market will have soared at 8.4% CAGR, while Europe will procure US$ 671.2 Mn in revenues. On the other hand, the liquid chromatography-mass spectroscopy market in Asia-Pacific will record fastest revenue growth at 8.6% CAGR.
Request Sample Report@ https://www.persistencemarketresearch.com/samples/15094
Factors Promoting the Adoption of LC-MS Technique
Rising number of small and medium-sized companies participating in the field life science research
Increased investments in life sciences R&D fuelling the adoption of more capital-intensive, combined technologies such as liquid chromatography-mass spectroscopy
Technological advancements in liquid chromatography-mass spectroscopy technique propelling their applied research
Higher accuracy and greater competency of LC-MS technique over gas chromatography-mass spectroscopy (GC-MS) technique
Growing need for liquid chromatography-mass spectroscopy in drug development efforts of leading pharmaceutical companies
Increasing adoption of liquid chromatography-mass spectroscopy techniques in clinical laboratories for reducing processing time
The report also reveals the impact of triple-quadrupole liquid chromatography-mass spectroscopy on clinical analysis of samples. The demand for triple-quadrupole LC-MS is increasing in clinical analysis, owing to largely improved ionization source and front end ion optics of LC-MS system. According to the report, more than 50% of the global LC-MS market revenues will be accounted by triple-quadrupole (QqQ) technology, throughout the forecast period.
Furthermore, leading players in the global liquid chromatography-mass spectroscopy market such as Thermo Fisher Scientific, Inc. are intensifying their spending on R&D of analytical instruments, which is favoring the market’s growth at considerable extent. Other leading participants in global market for LC-MS technique include Danaher Corporation, PerkinElmer Inc., JEOL Ltd., Bruker Corporation, Agilent Technologies, Waters Corporation, and Shimadzu Corporation.
Request TOC@ https://www.persistencemarketresearch.com/methodology/15094
Apropos the report findings, demand for liquid chromatography-mass spectroscopy technique will remain higher in clinical testing and environmental testing, revenues from which are anticipated to soar at 8% and 8.7% CAGRs respectively. Drug discovery and development, on the other hand, will be observed as the largest application of liquid chromatography-mass spectroscopy, procuring over one-third share of global revenues towards the end of 2024. The report identifies academic research institutions and contract research organizations as key end-users of liquid chromatography-mass spectroscopy. The use of LC-MS technique in biopharmaceutical companies, however, will record fastest revenue growth at 9.9% CAGR.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Liquid Chromatography-Mass Spectroscopy Market will be Valued over US$ 2.2 Bn by 2024-end here
News-ID: 1247308 • Views: …
More Releases from Persistence Market Research
Vertical-Cavity Surface-Emitting Lasers Market Projected to Reach USD 5.4 Billio …
The global Vertical-Cavity Surface-Emitting Lasers (VCSEL) market is poised for substantial growth in the coming years, driven by rapid technological advancements, the expansion of consumer electronics, and emerging applications across industries. The market is projected to expand from US$1.9 billion in 2023 to an estimated US$5.4 billion by 2030, reflecting a remarkable CAGR of 15.7% during the forecast period. This growth is slightly higher than the historical CAGR of 13.2%…
Viral Sensitizers Market demand fueled by R&D breakthroughs, notes Persistence M …
The global viral sensitizers market is projected to reach a valuation of US$ 1,353.0 million by 2031, growing from an estimated US$ 547.4 million in 2024. This indicates a Compound Annual Growth Rate (CAGR) of 13.8% from 2024 to 2031. The market expansion is driven by technological advancements in gene editing and drug delivery systems, increasing investments in biopharmaceutical research, and rising prevalence of viral infections and cancers. Innovations such…
Elevator and Escalator Market Rising Innovations and Strategic Growth Trends Sha …
The global elevator and escalator market size is likely to be valued at US$ 103.8 billion in 2025 and is projected to reach US$ 150.7 billion by 2032, growing at a CAGR of 6.4% between 2025 and 2032. This trajectory is primarily driven by rapid urbanization with 68% of the global population expected to live in urban areas by 2050, and massive infrastructure investments exceeding US$2.16 trillion annually in construction…
mRNA Synthesis and Manufacturing Market Driven by Vaccine Demand, Reports Persis …
The global mRNA synthesis and manufacturing market is projected to grow from a valuation of US$ 52.7 billion in 2023 to US$ 64.4 billion by 2031, exhibiting a CAGR of 2.5% from 2024 to 2031. This growth is propelled by increasing demand for mRNA biologics across vaccines and therapeutics, advancements in mRNA synthesis technologies, and optimized delivery systems enhancing production efficiency and therapeutic efficacy. COVID-19 vaccine breakthroughs have accelerated investments…
More Releases for Liquid
Vitamins: The Liquid Goldmine in the Booming Liquid Dietary Supplements Market
The liquid dietary supplements market is experiencing a surge in popularity, driven by consumers seeking convenient and effective ways to boost their health and wellness. Among the diverse offerings, the vitamins segment stands out as a high-opportunity area, catering to a wide range of health needs and preferences.
Market Dynamics and Growth Drivers
Liquid vitamins offer a compelling alternative to traditional pills and capsules, providing faster absorption, easier consumption, and customizable dosages.…
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Southeast Asia Liquid Gases Market : Growing with a CAGR of 7.1%, By Type (Liqui …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia Liquid Gases Market growing with a CAGR of 7.1%, By Type (Liquid …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Southeast Asia liquid gases market growing with a CAGR of 7.1%, Size, Share, Tre …
Southeast Asia liquid gases market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2023 to 2030 and is expected to reach USD 5,042,237.33 thousand by 2030. The major factor driving the growth of the liquid gases market is the rising demand of fresh packaged products…
Dual Chamber Prefilled Syringes Market 2021 by Product (Liquid/Powder, Liquid/Li …
The Dual Chamber Prefilled Syringes Market report examines the market size by vital countries/regions, product type, application, historical data, and estimate to forecast. It helps to understand the structure of the Dual Chamber Prefilled Syringes Market by recognizing its different sub-segments. Furthermore, the report focuses on key market players to determine, describe and analyze the value, market share, market competition landscape, SWOT analysis, and development plans in the next few…
