Increasing demand for automation in diagnostic techniques is expected to drive the growth of the Mass Spectrometry Market. Mass spectrometry helps with a variety of diagnostic analyses, and research in functional genomics, metabolomics, and proteomics
JERSEY CITY, N.J., Nov. 24, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Mass Spectrometry Market" By Platform (Single Mass Spectrometry, Hybrid Mass Spectrometry), By Application (Pharmaceutical and Biotechnology, Food and Beverage Testing, Environmental Testing), and By Geography. According to Verified Market Research, the Global Mass Spectrometry Market size was valued at USD 4,551.27 Million in 2020 and is projected to reach USD 7,597.17 Million by 2028, growing at a CAGR of 6.40% from 2021 to 2028.
The R&D expenditure of pharmaceutical companies has increased considerably over the last 20 years. Analysis activities within the pharmaceutical and biotechnology industries are driven by investments in key areas, such as biopharmaceuticals and personalized medication. In step with the 2018 EU Industrial R&D Investment Scoreboard, the pharmaceutical and biotechnology sector amounts to 18.9% of total global R&D expenditure. Mass spectrometry plays a key role within the pharmaceutical industry, from the early stages of drug discovery to late-stage development and clinical trials. Thus, increasing funding within the pharmaceutical and biotechnology industry is anticipated to drive the expansion of the mass spectrometry market.
A driver of growth will be the increasing demand for automation in diagnostic techniques and the need for a cost-effective platform for sample analysis. This has motivated manufacturers to focus on product development and innovations. In addition, increasing funding in the pharmaceutical and biotechnology industry is expected to drive the growth of the mass spectrometry market. Mass spectrometry plays a key role in the pharmaceutical industry, from the early stages of drug discovery to late-stage development and clinical trials. Thus, increasing funding in the pharmaceutical and biotechnology industry is expected to drive the growth of the market. Moreover, technological breakthroughs in mass spectrometers are expected to drive market trends. Advance technologies such as ion mobility spectrometry and capillary electrophoresis are used to separate complex biological mixtures, such as derived peptide products. Additionally, miniaturization is expected to propel the growth of this market.
SCIEX launched a novel accurate mass LC-MS/ MS instrument for biotherapeutics.
Agilent had announced the enhanced mass spectrometry and automation software solutions, MassHunter Workstation Plus 11.0, MassHunter Networked Workstation 11.0, and MassHunter BioConfirm.
The major players in the market are Shimadzu Corporation, Agilent Technologies, PerkinElmer, Thermo Fisher Scientific, Bruker, Leco Corporation, Waters Corporation, Sciex (Danaher), and the rest others.
Verified Market Research has segmented the Global Mass Spectrometry Market On the basis of Platform, Application, and Geography.
Mass Spectrometry Market, By Platform
Single Mass Spectrometry
Hybrid Mass Spectrometry
Mass Spectrometry Market, By Application
Pharmaceutical and Biotechnology
Food and Beverage Testing
Mass Spectrometry Market by Geography
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Browse Related Reports:
Mixed Tocopherols Market By Product (Soybean Oil, Rapeseed Oil, Sunflower Oil), By Application (Food & Beverage, Feed, Dietary Supplements, Pharmaceuticals), By Geography, Forecast, 2021-2028
Microscopy Devices Market By Product (Scanning Probes Microscope, Electron Microscope, Optical Microscope), By Application (Pharmaceutical and Healthcare, Industrial Users, Academia), By Geography, Forecast, 2021-2028
Microreactor Technology Market By Type (Lab Use and Production Use), By Applications (Specialty Chemicals, Pharmaceuticals and Commodity Chemicals), By Geography, Forecast, 2021-2028
Protein Stability Analysis Market By Product(Reagents and Assay Kits, Instruments, Consumables and Accessories, and Software), By Technique(Chromatography, Spectroscopy, and Surface Plasmon Resonance), By End User(Pharmaceutical and Biotechnological Companies, Contract Research Organizations, and Academic and Government Institutes), By Geography, Forecast, 2021-2028
Visualize Mass Spectrometry Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.