Mass spectrometry: Key market research findings
- Growing applications in nanoparticles industry and metabolomics
- Increased usage in biophysical methods
Technavio has released a new market research report on the global mass spectrometry market, which is expected to grow at a CAGR of more than 8% between 2015 and 2019. Factors that can be attributed to this market’s growth are the mammoth growth of the biopharmaceutical and academic sectors and rapid industrialization. North America is the biggest market for mass spectrometry (MS), accounting for around 40% of the total market share. US is the leading country in the region owing to the presence of key mass spectrometer manufactures.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“MS techniques have gained traction in measuring nanoparticles as the mass spectrometer can be used as a transmission electron microscope and X-ray diffraction tube in certain applications. The usage of mass spectrometers has increased in metabolomics, as they analyse the structural characteristics of the molecule. It is difficult to research metabolomics because the molecules can have a random structure and expertise is required to interpret the fragmentation of the structural patterns,” says Sriram Mohan, Lead Analyst, Metals & Minerals, Technavio Research.
Biopharmaceutical industry is the biggest end-user of the MS techniques, especially for protein characterization. Increased usage of mass spectrometer in biotechnology organizations, contract research organizations, large pharmaceutical companies, and chemical research organizations will boost its sales over the next four years.
Global mass spectrometry market share by application 2019
Source: Technavio Research
The leading vendors in the global mass spectrometry market are Agilent, Bruker, Danaher, Thermo Fisher, and Waters. This market is exhibits an oligopolistic structure. The research report predicts a rise in mergers and acquisitions during the forecast period. A number of partnerships between mass spectrometer companies and diagnostic companies are also expected to help develop awareness in the clinical communities regarding the products offered.
A more detailed analysis is available in the Technavio report, Global Mass Spectrometry Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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