Mass spectrometry is an analytic tool which measures the mass-to-charge ion ratio.  Furthermore, it is the most potent analytical tool used in the life sciences field and is used for determining unspecified components in the sample with the usage of electrons.  Precisely, mass spectrometry utilizes charged electrons which enters a sample and turns its contents into positive ions. After that, these ions are divided based on the molecular mass and since unknown components can be determined. Rising emphasis on food safety concerns is a key factor propelling the growth of the mass spectrometry market. It has been noticed that rising presence of toxins, chemicals, and pathogens in food products has become a key healthcare concern, across the world. As food can be contaminated owing to several sources, with the quality of water utilized for food processing being a significant factor, the adoption of mass spectrometry is highly recommended. The identification of microorganisms in food is important for quality control and food safety plan. Hence, rising emphasis on enhancing the quality of food products has evolved as a major driver for the mass spectrometry market growth. Furthermore, rising healthcare expenditure is also a significant indicator for the growth of the mass spectrometry market. Governments across the world are investing huge amount on rendering better and improved healthcare facilities to their citizens. Besides, the overall healthcare cost borne by patients is also growing, on account of increasing cost of treatment. The rising expenditure on healthcare offers easier and low-cost access to advanced healthcare treatments and new tests and drugs to the patients. Apart from this, the factors such as huge cost of mass spectrometry devices and dearth of skilled professionals to operate these devices are likely to hamper the market growth.

In addition, the developing nations such as China and India present several opportunities for the growth of the mass spectrometry market. Together, China and India create a huge demand for single mass spectrometers and hybrid spectrometry instruments owing to the Greenfield projects being set up in several end-user industries in these countries. The biopharmaceutical industry in these countries is strong and is anticipated to contribute highly to the growth of the spectrometry and chromatography markets. Key market players are developing new facilities, R&D centers, and innovation centers to capitalize on this opportunity and engaging in collaborations with players in the Asian market.

The global Mass Spectrometry Market is segregated on the basis of Technology as Hybrid Mass Spectrometry, Single Mass Spectrometry and Other Technologies. Based on Application the global Mass Spectrometry Market is segmented in Life Science Research, Drug Discovery, Environmental Testing, Food Testing, Applied Industries, Clinical Diagnostics and Others. Based on End Users the global Mass Spectrometry Market is segmented in Pharmaceutical Industry, Biotechnology Industry, Research & Academic Institutes, Environmental Testing Industry, Food & Beverage Testing Industry, Petrochemical Industry and Other End Users.

The global Mass Spectrometry Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Mass Spectrometry Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Promega Corporation, DANI Instruments, Waters Corp., Agilent Technologies Inc., Danaher Corp. and others are among the major players in the global Mass Spectrometry Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In October 2020, Shimadzu extended its operation by establishing its branch office in Copenhagen, Denmark. This expansion emphasize on offering its full range of analytical instrumentation solutions in the region.
• In June 2021, Waters Corporation declared the launch of Water SELECT SERIES MRT, a high resolution mass spectrometer which has Multi Reflecting Time-of-Flight (MRT), technology with both improved DESI and new MALDI imaging sources.
• In June 2020, Agilent Technologies Inc, declared the launch of two new spectrometry products, which include Agilent 6470B Triple Quadrupole LC/MS systems and Agilent RapidFire 400 system. These instruments are being displayed in an online version of annual conference of the American Society for Mass Spectrometry, the ASMS 2020 reboot.

The global Mass Spectrometry Market has been segmented as below:

Mass Spectrometry Market, By Technology

• Hybrid Mass Spectrometry
• Triple Quadrupole
• Quadrupole ToF (Q-ToF)
• Fourier Transform Mass Spectrometry (FTMS)
• Single Mass Spectrometry
• Quadrupole
• Time-Of-Flight (ToF)
• Ion Trap
• Other Technologies

Mass Spectrometry Market, By Application

• Life Science Research
• Drug Discovery
• Environmental Testing
• Food Testing
• Applied Industries
• Clinical Diagnostics
• Others

Mass Spectrometry Market, By End Users

• Pharmaceutical Industry
• Biotechnology Industry
• Research & Academic Institutes
• Environmental Testing Industry
• Food & Beverage Testing Industry
• Petrochemical Industry
• Other End Users

Mass Spectrometry Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Mass Spectrometry Market, By Company

• Promega Corporation
• DANI Instruments
• Waters Corp.
• Agilent Technologies Inc.
• Danaher Corp.
• Thermo Fisher Scientific
• KYKY Technology
• Alpha Omega
• Shimadzu Corporation
• PerkinElmer
• LECO
• BaySpec, Inc
• FLIR
• Evans Analytical Group
• Bruker Corp.
• Extrel
• Beijing Beifen
• Hitachi High-Technologies
• JEOL
• Rigaku
• Ion Science
• AMETEK
• Bio-Rad Laboratories

The report covers the below scope:

• Global Mass Spectrometry Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Mass Spectrometry Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Mass Spectrometry Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Mass Spectrometry Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Mass Spectrometry Market share. Major industry players with significant revenue share include Promega Corporation, DANI Instruments, Waters Corp., Agilent Technologies Inc., Danaher Corp. and others.

Why to Buy this Report:

• Gain detailed insights on the Mass Spectrometry industry trends
• Find complete analysis on the market status
• Identify the Mass Spectrometry Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement