The Global “Mass Spectrometer Market 2020” is likely to expand at a CAGR of 7.8% between 2019 and 2026. Fortune Business Insights in a report, titled “MASS SPECTROMETER: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” predicts that the adoption of mass spectrometer equipment is likely to increase as this equipment can precisely measure the molecular weight of an analyst. The mass spectrometer instrument together with chromatography calculates the analytical mass of a particular molecule. The report predicts the Global Mass Spectrometer Market was valued at US$ 5,512.2 Mn in the year 2018 and is anticipated to reach US$ 10,044.7 Mn by 2026.
Highlights of the Report:
- In-depth analysis of various insights, namely, Mass Spectrometer Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Mass Spectrometer Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Key Players Operating in The Mass Spectrometer Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Shimadzu Corporation,
- PerkinElmer Inc.,
- Thermo Fisher Scientific Inc.,
- AB Sciex,
- Agilent Technology,
- JEOL USA,
- Advion, Inc.
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Mass Spectrometer to Offer High-Resolution Analytical Data Owing to Technological Advancements
“Increasing research and development (R&D) activities are likely to increase the dependency on accurate and high-resolution data experiments,” said a lead analyst at Fortune Business Insights. “Mass spectrometer detectors have the ability to offer precise results, which is why key players encourage customers to opt for this equipment,” he added. Another factor driving the market is the increasing number of concerns related to food safety. Owing to recent technological advancements in mass spectrometry, the demand from biotechnology and pharmaceutical industries is expected to increase. These advancements now offer better and high-resolution test results. The rising demand for tandem and hyphenated techniques, especially from biotechnology, food and beverages, and pharmaceutical industry is driving the market. The mass spectrometer miniaturization leads to the higher adoption of mass spectrometer equipment. All the above-mentioned factors are likely to be beneficial for the growth of the market.
Market in North America Continues to Lead Owing to Presence of Key Players in the U.S.
Among regions, the market in North America is expected to maintain its dominance through the forecast period. Moreover, the regional market was valued at US$ 2,126.7 Mn in the year 2018. Presence of recognized key players and technological advancements are creating lucrative opportunities for the market. Governments in this region are granting funds to research institutes working on in mass spectrometry, which will further increase the mass spectrometer market share in North America. The University of Georgia recently received grants from the National Institutes of Health in the U.S. This funding is for conducting biomedical research and this is another factor responsible for the high growth of the market in this region. A report by the Industrial Research Institute (IRI) finds that the U.S. is the only country in the world who spends aggressively on research and development activities. Governments in North America are increasingly investing in areas such as biomedical, biotechnology, and proteomics. Such factors are likely to accelerate the mass spectrometer market size in North America.
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Detailed Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Technological Advancements
4.2. Key Industry Developments – Mergers, Acquisitions, and Partnerships, 2018
4.3. Introduction of new products / approvals (by major players)
4.4. Overview of Regulatory Scenario – Key Countries
- Global Mass Spectrometer Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights, and Forecast – By Product
126.96.36.199. Tandem Quadrupole
188.8.131.52. Quadrupole Time-of-Flight (Q-TOF)
184.108.40.206. Single Quadrupole
220.127.116.11. Time-of-Flight (TOF)
18.104.22.168. Ion Trap
5.3. Market Analysis, Insights, and Forecast – By End-user
5.3.1. Biopharmaceutical and Pharmaceutical Companies
5.3.2. Research Institutes & Government Organization
5.3.3. Hospitals & Diagnostic Centers
5.3.4. Others (Environmental testing, food, and chemical testing)
5.4. Market Analysis, Insights, and Forecast – By Region
5.4.1. North America
5.4.3. Asia pacific
5.4.4. Rest of World
- North America Mass Spectrometer Market Analysis, Insights, and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights, and Forecast – By Product
22.214.171.124. Tandem Quadrupole
126.96.36.199. Quadrupole Time-of-Flight (Q-TOF)
188.8.131.52. Single Quadrupole
184.108.40.206. Time-of-Flight (TOF)
220.127.116.11. Ion Trap
6.3. Market Analysis, Insights, and Forecast – By End-user
6.3.1. Biopharmaceutical and Pharmaceutical Companies
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- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Mass Spectrometer Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Mass Spectrometer Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Mass Spectrometer Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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