8/20/2021 Mass Spectrometer Market Key Players, Size, Trends, Opportunities and growth Analysis – Facts and Trends

Mass Spectrometer Market Key Players, Size,

Trends, Opportunities and growth Analysis
AUGUST 19, 2021 BY SURENDRA CHOUDHARY  ♥

The global mass spectrometer market was valued at US$ 5,874.7 Mn in 2018 and is anticipated to

register a stable CAGR of more than 7% during the forecast period 2019 to 2027, according to a new
report published by Transparency Market Research (TMR) titled “Mass Spectrometer Market–
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” Growth in the
pharmaceutical and life science markets, rise in demand for clinical analysis, increase in mergers
and acquisitions, and increase in food and beverage testing has increased the penetration and
growth of the mass spectrometer market globally. The market in North America is expanding at a
significant CAGR of more than 8% on the backdrop of numerous technological innovations in
advanced laboratory equipment.

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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.

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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8/20/2021 Mass Spectrometer Market Key Players, Size, Trends, Opportunities and growth Analysis – Facts and Trends

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”.

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