Mass Spectrometry Market 2022

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Increasing Food Safety Concerns Fueling Mass

Spectrometry Market Growth

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The global mass spectrometry market reached a value of $4,948.3 million in 2015, and it is predicted to progress at a CAGR of 8.1% from 2016 to 2022 (forecast period). The market is being propelled by the rising food safety concerns, increasing healthcare expenditure, and rapid technological

advancements and innovations in mass spectrometry devices. Additionally, the growing focus of pharmaceutical companies on good distribution practice (GDP) and good manufacturing practice (GMP) certifications is also positively impacting the global popularity of mass spectrometry.

The increasing concerns being raised over food safety in several countries are driving the demand for mass spectrometry. The soaring presence of pathogens, chemicals, and toxins in food items has become a major concern all over the world. As food products can be easily contaminated because of multiple factors, such as the quality of the water being used for processing food, the use of mass spectrometry is rising globally. Moreover, the identification of microbes in food items is highly essential for food safety plan and quality control.

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Furthermore, the growing healthcare spending is also fueling the surge in the mass spectrometry market. Several governments around the world are making huge investments for providing improved medical care to their citizens. In

addition, the overall healthcare cost is also soaring, owing to the increasing cost of medicines and treatments. This is also encouraging many governments of increase their healthcare expenditure so that quality healthcare can be provided to a large number of patients.

Besides, the mushrooming adoption of mass spectrometry in several life sciences applications, such as protein identification from peptide fragments, absolute or relative quantification of proteins in a sample, determination of the protein structure, monitoring of enzyme reactions, protein digestion, chemical

modifications, forensic analysis, and detection of disease biomarkers, is also propelling the growth rate of the mass spectrometry market. Surging research and development (R&D) activities being conducted in these application areas are predicted to propel the requirement for mass spectrometry products in the

forthcoming years.

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Depending on end user, the market is categorized into life sciences and

biotechnology, hospitals, academic and research institutes, and pharmaceuticals.

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Out of these, the pharmaceuticals category is expected to dominate the market in the coming years. Pharmaceutical products contain several excipients, which are main ingredients for safeguarding patients’ safety. Organizations, such as the International Pharmaceutical Excipients Council (IPEC) Federation, the European Association of Chemical Distributors (FECC), Pharmaceutical Quality Group (PQG), and the European Fine Chemical Group, are focusing on

developing certification schemes for excipient suppliers. These organizations have formulated the GDP and GMP certifications, which are further encouraging the use of mass spectrometry by pharmaceutical producers for screening for impurities in pharmaceutical excipients.

Thus, it can be said without any hesitation that the demand for mass

spectrometry products will soar in the coming years, owing to the increasing food safety concerns, surging healthcare expenditure of several countries, rapid advancements in the healthcare sector, and rising focus of pharmaceutical organizations all over the world on GMP and GDP certifications.

This research offers actual historical market size for the period 2012 – 2015, and forecast for the period 2016 – 2022 of the global mass spectrometry market in terms of value in the U.S. dollars.

GLOBAL MASS SPECTROMETRY MARKET

By Platform – Hybrid, Single and Other Mass Spectrometry.

By Application – Drug discovery and development, Proteomics, Clinical Testing, Environment and Others

By End-Users – Pharmaceuticals, Life science and Biotechnology, Academic and Research Institute, Hospitals and Others

By Region – North America, Europe, Asia, and Rest of the World GLOBAL MASS SPECTROMETRY MARKET, BY PLATFORM

Hybrid Mass Spectrometry

o Triple Quadrupole Mass Spectrometry

o Quadrupole Time-of-Flight (Q TOF) Mass Spectrometry o Fourier Transform Mass Spectrometry (FTMS)

Single Mass Spectrometry o Quadrupole Mass Spectrometry o Ion Trap Mass Spectrometry

o Time-of-Flight (TOF) Mass Spectrometry

Other Mass Spectrometry

GLOBAL MASS SPECTROMETRY MARKET, BY APPLICATION

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Mass Spectrometry Market for Drug Discovery and Develop ment

Mass Spectrometry Market for Proteomics

Mass Spectrometry Market for Clinical Testing

Mass Spectrometry Market for Environment

Mass Spectrometry Market for Others

GLOBAL MASS SPECTROMETRY MARKET, BY END USER

Mass Spectrometry Market for Pharmaceutical

Mass Spectrometry Market for Life Science and Biotechnology

Mass Spectrometry Market for Academic and Research Institute

Mass Spectrometry Market for Hospitals

Mass Spectrometry Market for Other End Users

GLOBAL MASS SPECTROMETRY MARKET, BY GEOGRAPHY

North America Mass Spectrometry Market

o By Country – U.S, Canada, and Rest of North America o By Platform

o By Application o By End User

Europe Mass Spectrometry Market

o By Country – U.K., Germany, France, Italy, Spain and Rest of Europe o By Platform

o By Application o By End User

Asia Mass Spectrometry Market

o By Country – China, Japan, India, and Rest of Asia o By Platform

o By Application o By End User

Rest of the World Mass Spectrometry Market o By Country – Brazil, Australia, and Others o By Platform

o By Application o By End User

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