Mass Spectrometry Market Trends, Share, Growth Drivers, Development and Forecast by 2022

The mass spectrometry market size is projected to reach $8.5 billion by 2022, growing at a CAGR 2016-2022.

The demand for mass spectrometry is growing rapidly in life science and clinical sector. Some of its most common applications in life science and clinical studies are determination of protein structure, interactions and folding; protein identification from the mass of its peptide fragment; relative or absolute quantification of proteins in a given sample; monitoring of enzyme reactions; chemical modifications; protein digestion; forensic analysis; and disease biomarkers detection. All these applications are very vital in life science and clinical studies and with increasing healthcare awareness, advanced research and development, increasing cases of drug abuse, and high number of metabolic diseases, the demand for mass spectrometer is rapidly growing. Mass spectrometer is an important analytical tool for the study of proteins. Proteomics is very difficult to analyse and study, due to the complexity of its structures. Mass spectrometry helps to analyse the composition of different biological samples and offers quantitative proteogenomics and proteomics. All these factors tend to drive the growth of the mass spectrometry market.

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Europe had the second largest share in the mass spectrometry market in 2015, with 26.0% share. Increasing food safety concern, growing demand in life science & clinical analysis sector and technological advancements are the key growth drivers of the European market. High compliance with international GMP & GDP certification for pharmaceutical excipients has high positive impact on the European market for mass spectrometry. Forensic science and new product development offer ample growth opportunities for the European market.

Germany held the largest share (23.4%) in the European mass spectrometry market in 2015. The major factors driving the growth of the German market are high healthcare expenditure, increasing research and development for drug discovery, increasing demand for clinical testing and increasing environment applications.

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GLOBAL MASS SPECTROMETRY MARKET SEGMENTATION
By Platform
• Hybrid Mass Spectrometry
o Triple Quadrupole Mass Spectrometry
o Quadrupole Time-of-Flight (Q TOF) Mass Spectrometry
o Fourier Transform Mass Spectrometry (FTMS)
• Single Mass Spectrometry
o Quadrupole Mass Spectrometry
o Ion Trap Mass Spectrometry
o Time-of-Flight (TOF) Mass Spectrometry
• Other Mass Spectrometry
By Application
• Drug discovery and development
• Proteomics
• Clinical Testing
• Environment
• Others

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This release was published on openPR.