Press release
Mass Spectrometry Market Expected to Witness Moderate Growth during the Forecast Period of 2023
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The mass spectrometer provides information on the molecular weight of the compound. Used in conjunction with combustion analysis, it can be used to determine the molecular formula of an unidentified compound by calculating the relative proportions of oxygen, carbon and hydrogen. In addition, the presence of specific elements can be detected depending on the availability of isotopes in large quantities. The combination of mass spectrometry and other identification techniques can be applied to the detection of unidentified compounds, for example, carbon and proton NMR and IR spectroscopy.
The pharmaceutical division was the largest source of revenue in 2016 and is expected to continue this trend due to the need for accurate analytical technology in the future. With the development of the hybrid mass spectrometer sector, hybrid mass spectrometers are expected to grow at the highest rate in the technology sector.
In 2016, North America has made the largest contribution to gross sales by investing heavily in R & D activities and using mass spectrometry techniques. However, the Asia Pacific region is expected to show the highest CAGR during the analysis period due to increased disposable income, increased government efforts to modernize medical infrastructure, and increased spending on healthcare.
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Major Market Players:
• Agilent Technologies Inc.
• Danaher Corporation
• Waters Corporation
• Bruker Corporation
• Thermo Fisher Scientific Inc.
• Perkinelmer Inc.
• Shimadzu Corporation.
Key Findings of the Mass Spectrometry Market:
• The hybrid mass spectrometry segment is projected to grow at the highest rate during the analysis period.
• The pharmaceuticals segment was the highest revenue contributor in 2016 and is expected to continue its dominance in the future.
• North America dominated the global mass spectrometry market and is projected to grow at a CAGR of 7.5%.
• China is expected to grow at the highest CAGR of 9.7% in the Asia-Pacific market.
• The food & beverage segment is anticipated to grow at the highest CAGR of 8.5%.
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Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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