Press release
Mass Spectrometry and Chromatography in Diagnostics Market Gaining Momentum Due to Rising Focus on Personalized Medicine and Chronic Disease Diagnosis
Mass Spectrometry and Chromatography in Diagnostics Market
The Mass Spectrometry and Chromatography in Diagnostics Market is valued at USD 732.1 Mn in 2023 and is estimated to reach over USD 1,613.6 billion by 2031, exhibiting a CAGR of 10.7% during the forecast period.
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The chromatography and mass spectrometry (MS) markets constitute essential segments of the broader analytical and life sciences instrumentation industry. These technologies are instrumental in facilitating advancements across various sectors, including pharmaceuticals, environmental analysis, clinical diagnostics, and food safety, by enabling precise separation, identification, and quantification of chemical and biological substances. Rather than serving as standalone diagnostic tools, chromatography and MS are typically integrated into sophisticated analytical workflows to enhance both accuracy and operational efficiency.
One prominent application is liquid chromatography-mass spectrometry (LC-MS), which synergistically combines the separation capabilities of liquid chromatography with the structural and mass analysis precision of mass spectrometry. This hybrid approach is especially valuable for analyzing complex biological matrices, allowing for simultaneous detection and characterization of multiple components without the need for extensive prior separation. In clinical environments, LC-MS systems support high-throughput sample analysis, offering detailed molecular insights that are crucial for accurate diagnosis and informed treatment decisions.
In the medical field, the analysis of compounds such as vitamins and hormones is among the most impactful applications of these technologies. Additionally, in the pharmaceutical sector, mass spectrometry is indispensable across the drug development continuum-from initial compound screening to late-stage clinical evaluations. The anticipated growth in financial investments in biotechnology and pharmaceutical research is expected to further accelerate demand for mass spectrometry systems, thereby contributing to continued market expansion.
List of Prominent Players in the Software-Defined Vehicle Market:
• Thermo Fisher Scientific Inc.
• Sciex
• Agilent Technologies
• Shimadzu Corporation
• Perkinelmer
• Jeol
• Jasco Corporation
• Teledyne Flir Llc
• Mks Instruments
• Analytik Jena Gmbh
• Hiden Analytical
• Leco
• Waters Corporation
• Tecan Group Ltd.
• Danaher Corporation
• Merck KGaA
• Bio-Rad Laboratories, Inc.
• PerkinElmer Inc.
• Promega Corporation
• Restek Corporation
• Gerstel GmbH & Co. KG
• Phenomenex Inc. (Danaher Corporation)
• Bruker Corporation
• New England Biolabs
• Hamilton Company
• Avantor, Inc. (VWR International, LLC.)
• Chromsystems Instruments & Chemicals GmbH
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Market Dynamics
Drivers:
The integration of automated sample preparation technologies into mass spectrometry-based diagnostic workflows represents a transformative development in clinical laboratory practices. The rising demand for rapid and highly accurate diagnostic testing, in combination with continuous technological innovation, is anticipated to accelerate the adoption of these advanced analytical systems. Additionally, increased healthcare spending is driving investment in sophisticated diagnostic tools, including mass spectrometry and chromatography platforms. The growing incidence of chronic illnesses-particularly within aging populations-further underscores the need for dependable and precise diagnostic capabilities.
Challenges:
Despite their benefits, the widespread adoption of advanced spectrometry systems is hindered by their high acquisition and operational costs. Devices equipped with the latest technological features require substantial capital outlay, posing financial constraints, especially for academic and smaller research institutions. Moreover, the additional expenses associated with meeting stringent regulatory and quality standards further exacerbate cost-related barriers, limiting access to these technologies in budget-constrained environments.
Regional Trends:
North America is projected to maintain a dominant position in the global market over the forecast period, supported by a robust healthcare infrastructure, early adoption of innovative diagnostic technologies, and substantial investments in research and development. The region's emphasis on personalized medicine is expected to further fuel demand for chromatography and mass spectrometry-based diagnostic solutions. In contrast, the Asia Pacific region is expected to witness accelerated growth, driven by rising healthcare expenditures, an increasing burden of chronic diseases, and heightened awareness of modern diagnostic technologies.
Recent Developments:
• In June 2024, Agilent Technologies Inc., introduced two new items at the 72nd ASMS Conference on Allied Topics and Mass Spectrometry. Targeting the food and environmental markets, the Agilent 7010D Triple Quadrupole GC/MS System provides accuracy and sensitivity in gas chromatography-mass spectrometry.
• In August 2023, Thermo Fisher Scientific published the EXENT Solution commercially after obtaining IVDR certification. This integrated mass spectrometry system, which is totally automated, is intended to transform the way that patients with monoclonal gammopathies-such as multiple myeloma-are diagnosed and treated. A potent qualitative and quantitative analytical method for identifying and measuring a broad variety of therapeutically significant analytes is mass spectrometry (MS).
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Segmentation of Mass Spectrometry and Chromatography in Diagnostics Market.
Global Mass Spectrometry and Chromatography in Diagnostics Market - By Product Type
• Sample Preparation
• Mass Spectrometry
• Chromatography
Global Mass Spectrometry and Chromatography in Diagnostics Market - By Application Type
• Therapeutic Drug Monitoring
• Vitamins
• Hormones
• Methylmalonic Acid
• Immunosuppressants
• Others
Global Mass Spectrometry and Chromatography in Diagnostics Market - By Sample Type
• Blood
• Urine
• Serum
• Plasma
• Saliva
Global Mass Spectrometry and Chromatography in Diagnostics Market - By Testing Type
• Laboratory-Developed Tests
• Commercial Assays
Global Mass Spectrometry and Chromatography in Diagnostics Market - By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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