Liquid Chromatography Mass Spectrometry (LCMS) Market is Growing Rapidly by 2027 | Danaher Corporation, PerkinElmer, Waters Corporation

The growth of the global liquid chromatography mass spectrometry market is expected to be fuelled by the research and development spending in the healthcare sector, as well as increased product releases by market players. The growth of the global liquid chromatography mass spectrometry market is projected to be driven by an increase in product launches by market players in order to provide innovative technologies for effective sample analysis in the biotechnology and pharmaceutical industries, as well as other sectors. Thermo Fisher released the Cascadian SM clinical analyzer system, a fully automatic analyzer with the selectivity and precision of liquid chromatography-tandem mass spectrometry (LC-MS/MS), in June 2017. The completely automatic analyzer can be conveniently modified to work with laboratory information systems.

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Key Players in This Report Include Danaher Corporation, PerkinElmer, Inc., Waters Corporation, Bruker Corporation, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Shimadzu Corporation, JEOL Ltd., and Newomics, Inc.

Furthermore, regulatory policies promoting the use of the LCMS methodology for research and analysis in the biopharmaceutical sector are expected to propel the LCMS market further during the forecast period. The US Food and Drug Administration (FDA) proposed that pharmaceutical firms test NDMA (N-nitrosodimethylamine) in ranitidine products using Liquid Chromatography-High Resolution Mass Spectrometry (LC-HRMS) in October 2019. In nature, NDMA has been shown to be carcinogenic.

Browse 28 Market Data Tables and 23 Figures spread through 186 Pages and in-depth TOC on ‘Liquid Chromatography Mass Spectrometry (LCMS) Market’- Global Forecast to 2027, by Type (Single Quadrupole LC-MS, Triple Quadrupole LC-MS, and Ion Trap LC-MS), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), by Sensitivity (Nano Flow, High Flow, and Micro Flow), and by End User (Academic and Research Institutes, Biotechnology and Pharmaceutical Industry, and Hospital and Research Laboratories).

In order to boost drug development in developing markets, major actors and other organizations are focusing on strategic partnerships to provide educational programs for researchers, scientists, and other staff. In August of this year, the Jomo Kenyatta University of Agriculture and Technology (JKUAT) in Kenya hosted a training session for researchers from ten African countries on liquid chromatography mass spectrometry (LC-MS), which can be used to study live molecules in food, medicine, and organic compounds. The Royal Society of Chemistry (RSC), GlaxoSmithKline (GSK), and the Pan Africa Chemistry Network all contributed to the training (PACN).

In order to broaden their product portfolios in potential markets, the market's major players are focusing on acquisition and partnership initiatives. Thermo Fisher Scientific Inc. and Cedars-Sinai Medical Center announced a partnership in September 2019 to develop innovative liquid chromatography mass spectrometry workflows for screening and selective quantitation of protein-based biomarkers for complex diseases.

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Due to product launches by market players, the global liquid chromatography mass spectrometry market is projected to grow at a CAGR of 12.0% over the forecast period. Shimadzu Corporation released Nexera Mikros in 2018, a micro flowrate-compatible liquid chromatograph mass spectrometer with ten times higher sensitivity.

The micro flow segment dominated the liquid chromatography mass spectrometry market in terms of sensitivity in 2018, owing to its wide range of applications in science, including proteomics, biomarker exploration, bio-analysis, and environmental analysis, which is due to its higher sensitivity.

Due to rising developments to promote drug growth, the biotechnology and pharmaceutical industries segment maintained a leading place in the global liquid chromatography mass spectrometry market in 2018. SCIEX released BioPharmaView Software 3.0 in May 2018 for a full LC-MS multiple attribute methodology (MAM) workflow, allowing biopharma researchers to characterize biologics in depth.

Key companies contributing in the global liquid chromatography mass spectrometry market are Bruker Corporation, PerkinElmer, Inc., Agilent Technologies, Inc., Danaher Corporation, Newomics, Inc., Shimadzu Corporation, JEOL Ltd., Waters Corporation, and Thermo Fisher Scientific Inc.

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