Liquid Chromatography-Mass Spectroscopy Market: Global Industry Analysis and Forecast Period, 2017–2025

The use of liquid chromatography along with high-resolution mass spectroscopy has advanced spectacularly over the last two decades in identifying unknown contaminants. Development of new instrumentation is the key reason of this tremendous development in the global liquid chromatography-mass spectroscopy market. Due to advantages such as sample pre-treatment and the capacity to determine polar or thermally stabile compounds, liquid chromatography techniques have replaced gas chromatography. Liquid chromatography in combination with mass spectroscopy has appeared as a valuable tool for the determination of micro pollutants in an environmental field.  While studying the liquid chromatography-mass spectroscopy market across key geographies, the analysts of Persistence Market Research have observed that North America – followed by Europe – is expected to be the largest market for liquid chromatography-mass spectroscopy, owing to a rise in the number of contract research organizations, while the Asia Pacific region is expected to show continuous growth due to an increasing application of liquid chromatography-mass spectroscopy systems in clinical testing.

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In a recent publication titled “Liquid Chromatography-Mass Spectroscopy Market: Global Industry Analysis and Forecast, 2016–2024,” the analysts of Persistence Market Research have studied the overall performance of the global liquid chromatography-mass spectroscopy market and have observed that the market is likely to show significant growth owing to a rising demand for liquid chromatography-mass spectroscopy systems across various applications. The technique is much favored by scientists owing to lower levels of detection with shorter turnaround times. The key market player strategies include focusing on strengthening the product portfolio through continuous product launch and enhancing the training support. The analysts have observed that in the last few years, leading manufacturers of liquid chromatography-mass spectroscopy systems are focusing on innovations in analytical instruments by spending more on research and development.

Market Segmentation            

By Technology

Triple Quadrupole
Time of Flight
Quadrupole - Time of Flight
Others
By Application

Drug Discovery and Development
Clinical Testing
Environmental Testing
Forensic Testing
Others
By End User

Academic Research Institutions
Contract Research Organizations
Biopharmaceutical Companies
Hospitals
Diagnostic Centers
Pathology Laboratories
Forensic Laboratories
By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Report Structure

This report on the global liquid chromatography-mass spectroscopy market provides key metrics pertaining to the market such as market size and revenue forecast, Y-o-Y growth and absolute $ opportunity. The analysts have taken a 360o view of the market and have also highlighted the various micro-economic factors, supply and demand side drivers, restraints, opportunities and key trends likely to impact the global liquid chromatography-mass spectroscopy market. Another section of the report consists of market definition and taxonomy. At the end of the report, Persistence Market Research has provided key strategic recommendations for both existing and new players in the global liquid chromatography-mass spectroscopy market to emerge sustainably profitable.

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Research Methodology

The forecast presented in report assesses total revenue of the global liquid chromatography-mass spectroscopy market. While developing the market forecast, the starting point involves sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. The analysts have triangulated the outcome on the basis of analysis based on supply and demand sides. The report also takes into consideration year-on-year growth to understand the predictability of the market and to identify the right opportunities across the global liquid chromatography-mass spectroscopy market. As previously highlighted, the global liquid chromatography-mass spectroscopy market is split into various categories. All these segments have been analyzed in terms of BPS to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends in the global liquid chromatography-mass spectroscopy market.

Indicators such as R&D expenditure, research funding from government and non-profit organizations etc. have been considered to arrive at the indicated market numbers. Yearly change in inflation rate has not been factored in while forecasting market numbers. Bottom-up approach has been used to assess market numbers for each product category, while top-down approach has been used to counter-validate the reached numbers. Market splits have been deduced from surveys and primary research.       

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