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Mass Spectrometry Market worth $9.58 billion by 2030, growing at a CAGR of 7.87% - Exclusive Report by 360iResearch
Mass Spectrometry Market | 360iResearch
The Global Mass Spectrometry Market to grow from USD 5.64 billion in 2023 to USD 9.58 billion by 2030, at a CAGR of 7.87%.
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Mass spectrometry (MS) is an analytical technique used to measure the mass-to-charge ratio of ions. It is instrumental in identifying the amount and type of chemicals present in a sample by generating spectra of the masses of the atoms or molecules present. This capability makes mass spectrometry invaluable in a wide range of applications, including pharmaceuticals, proteomics, food safety, and environmental analysis. Expanding drug discovery and development activities with the expansion of pharmaceutical and biotechnology companies is expanding the demand for mass spectrometry. There is a rising emphasis on quality control and assurance in various sectors, particularly in pharmaceuticals, food safety, and environmental testing. Regulations mandating strict quality and safety standards drive the adoption of mass spectrometry techniques. Governmental and non-governmental funding for research in pharmaceuticals, biotechnology, and environmental sectors necessitates robust analytical methods, propelling the demand for mass spectrometry. The high cost of mass spectrometry instruments, technical complexity, and skilled personnel requirements hampers the market growth. Innovations in mass spectrometry, such as increased automation, higher sensitivity, and faster throughput associated with mass spectrometry, create opportunities for market growth.
The Americas represents a highly developing landscape for the mass spectrometry market due to a well-established pharmaceutical sector, significant investments in research and development (R&D), and a strong presence of leading mass spectrometry manufacturers. The region's emphasis on strict regulatory frameworks for drug development and food safety has also spurred the adoption of mass spectrometry technologies. Furthermore, the growing biotechnology industry and increased government funding for research in metabolomics and proteomics are significant factors contributing to the market's growth. Canada and Brazil also show promising market expansion, attributed to increased investments in environmental and agricultural research. The Asia-Pacific region is witnessing the fastest growth in the Mass Spectrometry market, driven by the expanding pharmaceuticals and biotechnology sectors in countries such as China, India, and Japan. Increased government initiatives towards pollution control and environmental testing, rising investments in healthcare infrastructure, and growing awareness about the importance of food safety are pivotal in driving the demand for mass spectrometry technologies. Additionally, the region's growing focus on research in proteomics and genomics, supported by investments in academic and research institutions, further bolsters market growth. Europe stands as a growing market for mass spectrometry, with a strong focus on innovation and R&D in countries such as Germany, the United Kingdom, and France. The presence of stringent regulations regarding drug development and food safety, coupled with the high adoption of cutting-edge technologies in research institutions and pharmaceutical companies, underpins the market growth. The Middle East and Africa (MEA) regions are gradually recognizing the importance of mass spectrometry in diagnostics, environmental testing, and petrochemical applications.
Market Segmentation & Coverage:
This research report categorizes the Mass Spectrometry Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Consumables, Instruments, and Software & Services. The Software & Services is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Fourier Transform-Mass Spectrometry, Gas Chromatography-Mass Spectrometry, Magnetic Sector Mass Spectrometry, Matrix Assisted Laser Desorption/Ionization, Quadrupole Mass Spectrometry, and Time-of-Flight Mass Spectrometry. The Quadrupole Mass Spectrometry is projected to witness significant market share during forecast period.
Based on End-user, market is studied across Environmental Testing, Food & Beverage, Petrochemical, Pharmaceutical & Biotechnology Companies, and Research & Academic Institutions. The Environmental Testing is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.93% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Mass Spectrometry Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Mass Spectrometry Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Mass Spectrometry Market, highlighting leading vendors and their innovative profiles. These include 908 Devices Inc., Advion, Inc., Agilent Technologies, Inc., AMETEK Inc., Analytik Jena AG, Avantor, Inc., Bruker Corporation, Danaher Corporation, F. Hoffmann-La Roche AG, Hiden Analytical, Inc., Hitachi, Ltd., JEOL Ltd., Kore Technology Limited, LECO Corporation, Merck KGaA, MKS Instruments, Inc., PerkinElmer, Inc., Pfeiffer Vacuum GmbH, Process Insights AG, Shimadzu Corporation, Spectrum Chemical Mfg. Corp., Thermo Fisher Scientific Inc., VProteomics, and Waters Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Mass Spectrometry Market, by Offering
7. Mass Spectrometry Market, by Technology
8. Mass Spectrometry Market, by End-user
9. Americas Mass Spectrometry Market
10. Asia-Pacific Mass Spectrometry Market
11. Europe, Middle East & Africa Mass Spectrometry Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Mass Spectrometry Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Mass Spectrometry Market?
3. What is the competitive strategic window for opportunities in the Mass Spectrometry Market?
4. What are the technology trends and regulatory frameworks in the Mass Spectrometry Market?
5. What is the market share of the leading vendors in the Mass Spectrometry Market?
6. What modes and strategic moves are considered suitable for entering the Mass Spectrometry Market?
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