Mass Spectrometry Market - By Platform (Single Mass Spectrometry, Hybrid Mass Spectrometry, Other Platforms) By Application (Pharmaceutical Applications, Biotech Applications, Petrochemical Applications, Environmental Testing, Food & Beverage Testing, Other Applications) By Region (North America, Europe, Asia Pacific, Rest of the World, Latin America, Middle East & Africa) - Industry Analysis, opportunity and Forecast 2020 To 2027
Published Date: May 2021
No. of Pages: 203
Status: Published
Report Code: ARI100647
Massive use of mass spectrometry method in producing pharmaceuticals and biotechnology will chart a profitable growth graph of the mass spectrometry market over the forecast timeframe. Apart from this, huge focus on research activities in healthcare sector and surge in the contract research organizations across the globe is anticipated to create lucrative growth avenues for the industry over the forthcoming years. Moreover, technological breakthroughs in the mass spectrometers are expected to drive the market trends. Nonetheless, high cost of mass spectrometry techniques and surge in the use of some of the analytical tools as substitute for mass spectroscopy is likely to impede the expansion of the market in the years ahead.
In recent time, increasing government spending in life science research and increased R&D spending in pharmaceutical industry are some of the major drivers of global mass spectrometry market. In addition, growing food concerns in food and beverages industry has also fuelled the growth of global mass spectrometry market. Moreover, technological advancement in mass spectrometry also attracts end users to adopt the technology.
However, high cost of instruments is key restraint of global mass spectrometry market. In addition, lack of skill labour to operate expensive instruments also obstructs the growth of global mass spectrometry market. Increasing mergers and collaborations between key players is key trend of the global mass spectrometry market.
Key industry players profiled in the report are Leco Corporation, Bruker Corporation, Waters Corporation, Agilent Technologies, Dani instruments S.P.A, Thermo Fisher Scientific, Danaher Corporation, Perkin Elmer Inc., and Shimadzu Corporation.
Analyst Commentary
The hybrid mass spectrometry segment is expected to witness the fastest growth during the forecast period. Advantages offered by hybrid mass spectrometers, such as rapid and high-resolution testing abilities with more accurate and precise results, are increasing its adoption. Consequently, the demand for mass spectrometry devices for high throughput screening is also growing.
Mass spectrometry is widely used for accurate analysis of small as well as large molecules in pharmaceuticals, forensic & clinical research, and other areas. The pharmaceutical & biotechnology applications segment held the largest share of the market in 2019, a trend that is expected to continue during the forecast period. The large share of this segment can be attributed to the rise in demand for pharmaceutical biosimilars, phytopharmaceuticals, and regenerative medicine.
Segmentation
The globalmass spectrometry market is segmented based on platform, application and region. By platform, the market is segmented into hybrid mass spectrometry (triple quadrupole, quadrupole TOF, and Fourier transform mass spectrometry devices), single mass spectrometry (single quadrupole, Time of Flight (TOF), and ion trap spectrometers), and other platforms. The mass spectrometry applications market is segmented into pharmaceutical & biotechnology applications, environmental testing, food & beverage testing, petrochemical applications, and other applications.
Regional Analysis
North America accounted for highest revenue share in 2019 due to concentration of leading manufacturers, high usage of mass spectrometry in the pharmaceutical sector, and growing funding to favour the mass spectrometry market. In North America, market players are continuously taking efforts to introduce advanced mass spectrometer products. In 2019, Bruker, a mass spectrometer manufacturer announced a novel mass spectrometer in American Society for Mass Spectrometry Conference (ASMS) of 2019, named “timsTOF flex”.
Furthermore, growing laboratory automation is helping the North America market to generate significant revenue. The market in the U.S. held the highest share in 2019 in North America and is estimated to expand at a considerable CAGR during the forecast period. The market in North America is expected to expand at a significant CAGR of above xx % during the forecast period. In a number of European countries, high penetration of mass spectrometers in industrial and non-industrial research sectors and technological advancements are fueling the growth of the mass spectrometer market. The market in Europe is likely to witness significant CAGR growth over the forecast period. The U.K. contributed highest share to the Europe mass spectrometer market in 2019. Growing food safety concerns and increased investments for pharmaceuticals has escalated the growth of the mass spectrometer market in the U.K.
However, Asia is expected to show high growth rates in the next five years in global mass spectrometry market. This is due to many companies constructing their manufacturing and research facilities in the region. In addition, increasing number of conferences and exhibitions by manufacturing companies to promote mass spectrometry technology is also contributing in the growth of mass spectrometry market in the region. Japan, China and India are expected to be the fastest growing mass spectrometry markets in Asia.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Engine Powered of Suppliers
3.7.2. Bargaining Engine Powered of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Mass spectroscopy Market
Chapter 5. Global Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
5.1. Global Mass spectroscopy Market Share, By Platform, 2015 - 2027 (USD Billion)
5.1.1. Hybrid mass spectrometry
5.1.1.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.2. Single mass spectrometry
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.3. Others
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 6. Global Mass spectroscopy Market Overview, By Application, 2015 - 2027 (USD Billion)
6.1. Global Mass spectroscopy Market Share, By Application, 2015 - 2027 (USD Billion)
6.1.1. Pharmaceutical & biotechnology applications
6.1.1.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.2. Environmental testing
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.3. Food & beverage testing
6.1.3.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.4. Petrochemical applications
6.1.4.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 7. Global Mass spectroscopy Market Overview, By Geography, 2015 - 2027 (USD Billion)
7.1. Global Mass spectroscopy Market Share, By Geography, 2015 - 2027 (USD Billion)
7.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Billion)
7.1.2. Market Share and CAGR Comparison, by Countries, 2020 & 2027 (%)
Chapter 8. North America Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1. North America Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
8.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.2. North America Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
8.1.3. North America Mass spectroscopy Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.4. North America Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1.4.1. U.S. Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.1.2. U.S. Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
8.1.4.1.3. Other Segments
8.1.4.2. Canada Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.2.2. Canada Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
8.1.4.2.3. Other Segments
8.1.4.3. Mexico Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.3.2. Mexico Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
8.1.4.3.3. Other Segments
Chapter 9. Europe Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1. Europe Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
9.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.2. Europe Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
9.1.3. Europe Mass spectroscopy Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.4. Europe Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1.4.1. Germany
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.1.2. Germany Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
9.1.4.1.3. Others Segments
9.1.4.2. France
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.2.2. France Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
9.1.4.2.3. Others Segments
9.1.4.3. UK
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.3.2. UK Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
9.1.4.3.3. Others Segments
9.1.4.4. Italy
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.4.2. Italy Mass spectroscopy Market Overview, By Platform 2015 - 2027 (USD Billion)
9.1.4.4.3. Others Segments
9.1.4.5. Spain
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.5.2. Spain Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
9.1.4.5.3. Others Segments
9.1.4.6. Rest of Europe
9.1.4.6.1. Market size and projections, 2015 – 2025
9.1.4.6.2. Rest of Europe Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
9.1.4.6.3. Others Segments
Chapter 10. Asia Pacific Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1. Asia Pacific Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
10.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.2. Asia Pacific Mass spectroscopy Market Overview, By Color, 2015 - 2027 (USD Billion)
10.1.3. Asia Pacific Mass spectroscopy Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.4. Asia Pacific Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1.4.1. India
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.1.2. India Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.1.3. Other Segments
10.1.4.2. China
10.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.2.2. China Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.2.3. Other Segments
10.1.4.3. Japan
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.3.2. Japan Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.3.3. Other Segments
10.1.4.4. South Korea
10.1.4.4.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.4.2. South Korea Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.4.3. Other Segments
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.5.2. Rest of Asia Pacific Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.5.3. Other Segments
Chapter 11. Middle East & Africa Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1. Middle East & Africa Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
11.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.2. Middle East & Africa Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
11.1.3. Middle East & Africa Mass spectroscopy Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.4. Middle East & Africa Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1.4.1. GCC
11.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.1.2. GCC Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
11.1.4.1.3. Other Segments
11.1.4.2. South Africa
11.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.2.2. South Africa Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
11.1.4.2.3. Other Segments
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.3.2. Rest of Middle East & Africa Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
11.1.4.3.3. Other Segments
Chapter 12. South America Mass spectroscopy Market Overview, By Countries, 2015 - 2027 (USD Billion)
12.1. South America Mass spectroscopy Market Overview, 2015 - 2027 (USD Billion)
12.1.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.2. South America Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
12.1.3. South America Mass spectroscopy Market Overview, By Application, 2015 - 2027 (USD Billion)
12.1.4. South America Mass spectroscopy Market Overview, By Countries, 2015- 2026 (USD Billion)
12.1.5. Brazil
12.1.5.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.5.2. Brazil Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
12.1.5.3. Other Segments
12.1.6. Argentina
12.1.6.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.6.2. Argentina Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
12.1.6.3. Other Segments
12.1.7. Rest of South America
12.1.7.1. Market size and projections, 2015 – 2027
12.1.7.2. Rest of South America Mass spectroscopy Market Overview, By Platform, 2015 - 2027 (USD Billion)
12.1.7.3. Other Segments
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2020
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New Distribution channel development
Chapter 14. Key Vendor Analysis
14.1. Leco Corporation.
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Distribution channel Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. Bruker Corporation
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Distribution channel Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. Waters Corporation.
14.4. Agilent Technologies
Chapter 15. Mass spectroscopy Market Cost Analysis
15.1. Mass spectroscopy Market Key Raw Material Analysis
15.1.1. Key Raw Material
15.1.2. Price Trend of Key Raw Material
15.1.3. Key Suppliers of Raw Material
15.1.4. Market Concentration Rate of Raw Material
Chapter 16. Industrial Chain, Sourcing Strategy and Downstream Buyers
16.1. Mass spectroscopy Market Industrial Chain Analysis
16.2. Upstream Raw Material Sourcing
16.3. Raw Material Source of Mass spectroscopy Market Major Manufacturers in 2021
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Compound weighing and dissolution
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Technology Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Technology Progress in Related Distribution channel
18.2. Consumer Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Engine Powered of Suppliers
5. Engine Powered of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Mass spectroscopy Market share, By Platform, 2020 & 2027 (%)
10. Global Mass spectroscopy Market share, by Hybrid mass spectrometry, By Platform, 2020 & 2027 (USD Billion)
11. Global Mass spectroscopy Market share, by Single mass spectrometry (AML), By Platform, 2020 & 2027 (USD Billion)
12. Global Mass spectroscopy Market share, by Others, By Platform, 2020 & 2027 (USD Billion)
13. Global Mass spectroscopy Market share, By Application, 2020 & 2027 (%)
14. Global Mass spectroscopy Market share, by Environmental testing, By Application, 2020 & 2027 (USD Billion)
15. Global Mass spectroscopy Market share, by Pharmaceutical & biotechnology applications, By Application, 2020 & 2027 (USD Billion)
16. Global Mass spectroscopy Market share, by Food & beverage testing, By Application, 2020 & 2027 (USD Billion)
17. Global Mass spectroscopy Market share, by petrochemical applications, By Application, 2020 & 2027 (USD Billion)
18. Global Mass spectroscopy Market share, by Other, By Application, 2020 & 2027 (USD Billion)
19. Global Mass spectroscopy Market share, by Region, 2020 & 2027 (%)
20. Global Mass spectroscopy Market share, by region, 2020 - 2027(USD Billion)
21. North America Mass spectroscopy Market, 2020 - 2027(USD Billion)
22. North America Mass spectroscopy Market share, by Countries, 2020 & 2027 (%)
23. U.S. Mass spectroscopy Market, 2020 - 2027(USD Billion)
24. Canada Mass spectroscopy Market, 2020 - 2027(USD Billion)
25. Europe Mass spectroscopy Market, 2020 - 2027(USD Billion)
26. Europe Mass spectroscopy Market share, by Countries, 2020 & 2027 (%)
27. Spain Mass spectroscopy Market, 2020 - 2027(USD Billion)
28. UK Mass spectroscopy Market, 2020 - 2027(USD Billion)
29. Italy Mass spectroscopy Market, 2020 - 2027(USD Billion)
30. Germany Mass spectroscopy Market, 2020 - 2027(USD Billion)
31. France Mass spectroscopy Market, 2020 - 2027(USD Billion)
32. Rest of Europe Mass spectroscopy Market, 2020 - 2027(USD Billion)
33. Asia-Pacific Mass spectroscopy Market, 2020 - 2027(USD Billion)
34. Asia-Pacific Mass spectroscopy Market share, by Countries, 2020 & 2027 (%)
35. China Mass spectroscopy Market, 2020 - 2027(USD Billion)
36. India Mass spectroscopy Market, 2020 - 2027(USD Billion)
37. Australia Mass spectroscopy Market, 2020 - 2027(USD Billion)
38. Japan Mass spectroscopy Market, 2020 - 2027(USD Billion)
39. Rest of Asia-Pacific Mass spectroscopy Market, 2020 - 2027(USD Billion)
40. Middle East & Africa Mass spectroscopy Market, 2020 - 2027(USD Billion)
41. Middle East & Africa Mass spectroscopy Market share, by Countries, 2020 & 2027 (%)
42. GCC Mass spectroscopy Market, 2020 - 2027(USD Billion)
43. South Africa Mass spectroscopy Market, 2020 - 2027(USD Billion)
44. Rest Of Middle East & Africa Mass spectroscopy Market, 2020 - 2027(USD Billion)
45. South America Mass spectroscopy Market, 2020 - 2027(USD Billion)
46. Brazil Mass spectroscopy Market, 2020 - 2027(USD Billion)
47. Mexico Mass spectroscopy Market, 2020 - 2027(USD Billion)
48. Argentina Mass spectroscopy Market, 2020 - 2027(USD Billion)
49. Rest Of South America Mass spectroscopy Market, 2020 - 2027(USD Billion)
List of Tables
1. Impact of Market drivers
2. Impact of Market restraints
3. Global Mass spectroscopy Market, 2020-2027 (USD Billion)
4. Mass spectroscopy requirement, by country, 2020-2027, (USD Billion)
5. North America Mass spectroscopy Market, By Platform, 2020-2027 (USD Billion)
6. North America Mass spectroscopy Market, By Application, 2020-2027 (USD Billion)
7. Europe Mass spectroscopy Market, By Platform, 2020-2027 (USD Billion)
8. Europe Mass spectroscopy Market, By Application, 2020-2027 (USD Billion)
9. Asia Pacific Mass spectroscopy Market, By Platform, 2020-2027 (USD Billion)
10. Asia Pacific Mass spectroscopy Market, By Application, 2020-2027 (USD Billion)
11. Middle East & Africa Mass spectroscopy Market, By Platform, 2020-2027 (USD Billion)
12. Middle East & Africa Mass spectroscopy Market, By Application, 2020-2027 (USD Billion)
13. South America Mass spectroscopy Market, By Platform, 2020-2027 (USD Billion)
14. South America Mass spectroscopy Market, By Application, 2020-2027 (USD Billion)
15. Global Mass spectroscopy Market, Company Market Share, 2020 & 2027(%)
16. Agilent Technologies: Product Benchmarking
17. Leco Corporation: Financial Performance
18. Bruker Corporation: Product Benchmarking
19. Waters Corporation: Financial Performance
20. Dani Instruments S.P.A: Product Benchmarking
21. Thermo Fisher Scientific: Financial Performance
22. Danaher Corporation: Product Benchmarking
23. PerkinElmer : Financial Performance
The Leading Key Players in Mass Spectrometry Market
Leco Corporation
Bruker Corporation
Waters Corporation
Agilent Technologies
Dani instruments S.P.A
Thermo Fisher Scientific
Danaher Corporation
Perkin Elmer Inc.
Shimadzu Corporation.
