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Global Liquid Chromatography-Mass Spectroscopy Market will be over US$ 2.2 Bn by 2024-end

08-24-2022 05:34 PM CET | Health & Medicine

Press release from: Persistence Market Research

Global Liquid Chromatography-Mass Spectroscopy Market will be

Analytical studies of complex environmental & biological samples demand advanced techniques that help them accomplish multiple analysis synergistically. Liquid chromatography-mass spectroscopy is one such efficient technique that serves the purpose of both - separating the sample mixtures with multiple components and providing structural identity to these individual components.

The demand for liquid chromatography-mass spectroscopy (LC-MS) technique is expected to surge due to rising need for advanced analytical measures in the field of biotechnology, food processing, cosmetic & agrochemical production, pharmaceuticals, and environmental monitoring.

Strategizing The Moves For The Next Decade? See Through Sample Of Liquid Chromatographymass Spectroscopy Market Report! https://www.persistencemarketresearch.com/samples/15094

Company Profiles

Danaher Corporation
Agilent Technologies
Waters Corporation
Shimadzu Corporation
Bruker Corporation
Thermo Fisher Scientific Inc.
PerkinElmer Inc.
JEOL Ltd.
Others

A latest study published by Persistence Market Research projects that towards the end of 2024, the global market for liquid chromatography-mass spectroscopy will be valued at US$ 2,213.4 Mn.

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.

Starting With The New Decade On A Diligent Note In The Liquid Chromatographymass Spectroscopy Market? https://www.persistencemarketresearch.com/methodology/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.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/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.

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Persistence Market Research
Address - 305 Broadway, 7th FloorNew York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About Us:

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

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