The report “Mass Spectrometry Market by Platform (Hybrid mass spectrometry (Triple Quadrupole, QTOF & FTMS), Single mass spectrometry (Quadrupole, TOF & Ion Trap)), Application (Pharmaceuticals, Biotechnology, Environmental testing) – Global Forecast to 2022″.
The mass spectrometry market is expected to reach USD 5.27 Billion by 2022 from an estimated USD 3.68 Billion in 2017, at a CAGR of 7.4%. The key factors which include the growth of the pharmaceutical and biotechnology industry and technological advancements in mass spectrometry are driving the growth of the global mass spectrometry market during the forecast period. The growing use of mass spectrometry in emerging markets and the rising potential for the application of high-resolution mass spectrometry in healthcare are the key areas of opportunity in this market.
By Application
- Pharmaceutical Applications
- Biotech Applications
- Petrochemical Applications
- Environmental Applications
- Food and Beverage Testing
By application, the pharmaceutical application industry held the largest market share in 2017
Based on application, the mass spectrometry market is further segmented into pharmaceutical application, biotech application, environmental testing, food and beverage testing, petrochemical applications, and other applications. In 2017, the pharmaceutical applications segment is expected to account for the largest share. Extensive use of mass spectrometry technologies at various stages of drug development processes and increase in R&D investments by pharmaceutical industries are driving the growth of the market.
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Major Market Developments:
- In 2017, Thermo Fisher Scientific launched the Cascadion SM Clinical Analyzer, the ISQ EC Single Quadrupole Mass Spectrometer, and Q Exactive HF-X Mass Spectrometer, to enhance its Liquid Chromatography Mass Spectrometry segment.
- In 2017, Phytronix Technologies has agreed to make available its triple ion source, the Phytronix LDTD (Laser Diode Thermal Desorption Ion Source) to be coupled with Shimadzu’s LCMS- 8060 triple quadrupole mass spectrometer for rapid sample analysis.
- In 2015, PerkinElmer collaborated with Albany Molecular Research (US), offering its screening capabilities, cellular imaging, and analytical instruments to AMRI for its drug discovery and translational research.
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