Increasing Healthcare Expenditure Driving Mass Spectrometry Market - P&S Intelligence

The global mass spectrometry market reached $4,948.3 million in 2015 and is projected to advance at an 8.1% CAGR during 2016-2022. The market is growing due to the surging food safety concerns, rising demand in life science and clinical analysis sector, technological advancements in mass spectrometry, and increasing healthcare spending and development of healthcare infrastructure. Mass spectrometry is a technique that is utilized for quantifying and identifying molecules, which is done by separating the ions on the basis of their mass to charge ratio measured using a mass spectrum, in complex and simple mixtures.

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When application is taken into consideration, the mass spectrometry market is classified into proteomics, environment, drug discovery & development, clinical testing, and others. Among these, the drug discovery & development category accounted for the major share of the market during the historical period and is predicted to retain its position during the forecast period, as mass spectrometry is a key application in drug discovery & development. It aids in determining the structure of drugs and metabolites and is involved in comprehensive and quantitative analysis of a wide array of metabolites in the biological samples.

The growing requirement in the life science and clinical analysis sector is a major driving factor of the mass spectrometry market. Some common applications of mass spectrometry in life science and clinical analysis sector include protein identification from the mass of its peptide fragment, determination of protein structure, folding, and interactions, relative or absolute quantification of proteins in a given sample, chemical modifications, monitoring of enzyme reactions, disease biomarkers detection, forensic analysis, and protein digestion. Due to the significance of these applications and increasing healthcare awareness, the requirement for mass spectrometry is rising.

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MASS SEPCTROMETRY MARKET SEGMENTATION
Market Segmentation by Platform
o Hybrid Mass Spectrometry
o Triple quadrupole mass spectrometry
o Quadrupole time-of-flight (Q TOF) mass spectrometry
o Fourier transform mass spectrometry (FTMS) mass spectrometry
o Single Mass Spectrometry
o Quadrupole mass spectrometry
o Ion trap mass spectrometry
o Time-of-flight (TOF) mass spectrometry
o Others
Market Segmentation by Application
o Drug Discovery and Development
o Proteomics
o Clinical Testing
o Environment
o Others
Market Segmentation by End User
o Pharmaceuticals
o Life Sciences and Biotechnology
o Academic and Research Institutes
o Hospitals
o Others

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