Mass Spectrometer Market (By Technology: Single Mass Spectrometry, Hybrid Mass Spectrometry, Others; By Application: Biotechnology, Pharmaceutical, Food & Beverage Testing, Industrial Chemistry, Environmental Testing, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

Acumen Research and Consulting estimates that global Mass Spectrometer market is expected to reach the market value of around US$ 7 Bn by 2027 and is anticipated to grow at a CAGR of around 6.5% in terms of revenue during the forecast period 2020 – 2027.

Mass spectrometry is a method of measuring and distinguishing compound concentrations within a sample and even minute concentration traces of materials. In a single study, researchers and scientists are allowed to thoroughly archive sophisticated samples. In this process, a loss of an electron initially ionizes the sample. The ions are then classified and separated by the load and mass of each device measured.

The report provides analysis of global Mass Spectrometer market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Dynamics

The mass spectrometry market is projected to exhibit steady growth during the forecast period due to multiple factors, such as advancements in technology, e.g. enhanced resolution, increased efficiency, high precision, increasing use of proteomics, metabolomics and pharmaceutical technology. In conjunction with an increase in private investment and government support for R&D, the global mass spectroscopy market is expected to improve over the projected period. Certain factors such as increasing food and beverage regulations are expected to fuel the growth of the worldwide mass spectrometry industry. The high costs of instruments are the main limitations for the growth of the market in mass spectrometry. In fact, a shortage of qualified labour is another obstacle in the development of the world mass spectroscopy industry. A major growth pattern in the global mass spectroscopy industry is the increase in fusion and procurement among major players and small and medium-sized enterprises.

Regional Stance

In 2019, North America held prime share in the global market. A grant to University of Georgia for biomedical science has been funded by the emergence of new technology and supportive government initiatives for work that uses mass spectrometry such as the National Institutes of Health in the USA. Asia-Pacific market is anticipated a competitive growth rate because of rising mass use levels in the pharmaceutical sector and processes for food processing. The developing and increasing economy in the Asia-Pacific is expected to raise demand for mass analysis spectrometers. On the other hand, European countries are expected to fuel demand of mass spectrometer owing to increase in research funding. In the untapped, emerging countries of Latin America, Near East and Africa, the developments in mass spectrometer markets are developing, which in the forecast period is anticipated to support demand development.

Report coverage

The market research study on “Mass Spectrometer Market (Mass Spectrometer Market By Technology: Single Mass Spectrometry, Hybrid Mass Spectrometry, Others; Mass Spectrometer Market By Application: Biotechnology, Pharmaceutical, Food & Beverage Testing, Industrial Chemistry, Environmental Testing, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Mass Spectrometer market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Mass Spectrometer market size, and segment markets by technology, application, and geography along with the information on companies operating in the market. The Mass Spectrometer market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Mass Spectrometer market is segmented as below:

Market Segmentation

Mass Spectrometer Market By Technology

• Single Mass Spectrometry
• Hybrid Mass Spectrometry
• Others

Mass Spectrometer Market By Application

• Biotechnology
• Pharmaceutical
• Food & Beverage Testing
• Industrial Chemistry
• Environmental Testing
• Other

Mass Spectrometer Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Due to the large portfolio and varied product packages of major players in the field of mass spectrometer devices, the present global mass spectrometer is consolidated.

Participants include major global players such Danaher Corporation, Bruker Corporation, Agilent Technologies, Dani instruments s.p.a, Shimadzu Corporation, Perkin Elmer Inc., Thermo Fisher Scientific, Leco Corporation, and Waters Corporation, Others.