Mass Spectrometer Market Value Projected To Expand By
2022-2031

Increasing Usage of Matrix-Assisted Laser Desorption
Ionization Time-of-Flight Mass Spectrometer (MALDI-TOF MS) is Expected to Drive
Growth of the Mass Spectrometer Market

The global mass
spectrometer market by product type is segmented broadly into five
major segments, namely gas chromatography-MS, liquid chromatography-MS,
MALDI-TOF, ICP-MS (inductively coupled plasma-mass spectrometry) and others. In
terms of revenue, MALDI-TOF was the largest contributor to the market, followed
by liquid chromatography-MS in 2017 due to the growing
adoption of MALADI-ToF mass spectrometer as it offers accurate mass
measurements and reduced time for analysis. Currently, the use of this
technique in clinical microbiology laboratories is growing in order to replace
or complement conventional laboratory identification techniques as it provides
easy, rapid, high throughput, low-cost, and efficient identification
techniques. MALDI-TOF segment is projected to expand at a significant CAGR of 8.0% over
the forecast period. Key trends prevalent in the mass spectrometer market are
use of refurbished instruments, miniaturization of mass spectrometers,
increasing investments by governments and research institutes, launch of
technologically advance mass spectrometers, increasing research activities, and
increasing mergers and acquisitions.

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Rise in Adoption of Mass Spectrometer in Pharmaceuticals
to Drive the Market Growth

Mass spectrometer is
a powerful analytical tool for both quantitative and qualitative applications.
Mass spectrometers are increasingly used in the field of pharmaceuticals as it
offers new instrumentation and ionization techniques that can be used to solve
various difficult bio analytical problems, thereby driving the growth of the
mass spectrometer market globally.Mass spectrometer is used for the
optimization and monitoring of fundamental chemical processes used in the
manufacture of various pharmaceutical and life science products. In 2017,
the pharmaceuticals segment accounted for the largest market share.
Biotechnology segment is also expected to expand at a significant CAGR
throughout the forecast period. Mass spectrometry is becoming popular
in biotechnology applications. Mass spectrometer provides accurate measurements
and real-time information regarding culture respiration and the availability of
nutrients.

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Growing Adoption of Mass Spectrometer due to
Technological Advancements in Laboratory Equipment and Growth in the
Pharmaceuticals Industry in China, India, Israel, South Africa, and Taiwan to
Create More Market Opportunities

Geographically, the
global mass spectrometer market is divided into five major geographical
regions. These include North America, Europe, Asia Pacific, South America, and
Middle East & Africa. In 2017, North America was the
topmost revenue generating region followed by Europe. This is mainly attributed
to growth in demand for mass spectrometers in the pharmaceutical industry in
the U.S. and Canada. The U.S. held highest market share in 2017 in
North America and is estimated to expand at the highest CAGR during the
forecast period. The market in Europe is anticipated to grow at a significant
CAGR during the forecast period due to high penetration of mass spectrometers
in industrial and non-industrial research sectors. The mass spectrometer market
in Asia Pacific is expected to expand at the highest CAGR of more than 8% over
the forecast period. Factors such as growing technological innovations and
popularity of conventional biological laboratories and increasing R&D
investment in pharmaceutical industry are expected to drive the Asia Pacific
mass spectrometer market.

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Agilent Technologies, Waters Corporation, Bruker
Corporation, and Thermo Fisher Scientific Inc. Likely to Continue to Lead the
Global Mass Spectrometer Market

The company
profiling of key players in the global mass spectrometer market includes
company overview, major business strategies adopted, SWOT analysis, and market
revenue for years 2015 to 2017. The key players profiled in
the global mass spectrometer market report includes Bio-Rad
Laboratories, Inc.,Agilent Technologies,Waters Corporation, Bruker Corporation,
Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer Inc., Charles
River Laboratories International, Inc.,bioMérieux SA, and AB Sciex (Danaher
Corporation). Players are introducing technologically advanced mass
spectrometers and establishing partnerships with other players to meet the
continuously growing demand for accurate and real time measurements. For
instance, in 2019, Shimadzu Corporation, a company that
manufactures mass spectrometer announced a novel research grade mass
spectrometer named “quadrupole time-of-flight (Q-TOF) LCMS-9030 system”. 

The global mass
spectrometer market is segmented as follows:

Global Mass Spectrometer Market, by Product Type

• Gas Chromatography-MS


• Liquid Chromatography-MS


• MALDI-TOF


• ICP-MS (inductively coupled plasma-mass
  spectrometry)


• others

Global Mass Spectrometer Market, by Application

• Pharmaceuticals


• Biotechnology


• Industrial Chemistry


• Environmental Testing


• Food & Beverages Testing


• Others

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