Mass spectrometry: Key market research findings
- Emergence of metabolomics
- Lightweight and portable devices
Technavio has released a new market research report on the global mass spectrometry market, which is expected to grow at a CAGR of 8% between 2016 and 2020. Mass spectrometry is rapidly gaining popularity with several applications spread across industries like pharmaceutical, food and beverage testing, forensics, and environmental analysis. The rising popularity and the accuracy achieved by mass spectrometry is one of the primary factors driving the growth of this market over the forecast period. The Americas dominate the global mass spectrometry market due to the large investments in research and testing by the US.
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.
“Of late, metabolomics or the study of substrates and products of metabolism, is one of the emerging fields, where the use of mass spectrometers has become indispensable. Metabolomics is harder to research than proteomics because the molecules can have a random structure and experience is needed to interpret the fragmentation of the structural patterns. Mass spectrometers aid in analyzing the structural characteristics of the molecules and fulfill the requirement. With increasing popularity of metabolomics, the application of mass spectrometers will increase in the coming years,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research
With the help of advancements in nanotechnology and increasing level of miniaturization of integrated circuits and sensors, the size of mass spectrometers will reduce even further in the near future. The wide range of wireless data transfer technologies will also allow remote monitoring of water samples using a small array of wireless sensors that collect data during fixed intervals and communicate with a central hub that collects and analyzes this data. This makes it much more cost efficient and reduces the complexity of operations for industrial users.
The leading vendors in the global mass spectrometry market include Agilent Technologies, Bruker, Danaher, Thermos Fisher Scientific, and Waters. This market has participants ranging from small regional vendors to large global vendors. It is a highly competitive market with all the players competing to gain a greater market share. Vendors are capitalizing on the popularity of online media to develop a competitive edge.
A more detailed analysis is available in the Technavio report, Global Mass Spectrometry Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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