The Mass Spectrometry Market to grow by USD 2,520.16 million from 2022 to 2027|Increasing demand for portable mass spectrometers is a major trend - Technavio

2023-08-01

NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The

mass spectrometry market is estimated to grow by

USD 2,520.16 million at a

CAGR of 10.08% between 2022 and 2027.

Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

The Mass Spectrometry Market to grow by USD 2,520.16 million from 2022 to 2027|Increasing demand for portable mass spectrometers is a major trend - Technavio

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来源: PRNewswire

Technavio has announced its latest market research report titled Global Mass Spectrometry Market

Mass spectrometry market – Vendor Analysis

Vendor Landscape - The mass spectrometry market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer mass spectrometry in the market are 908 Devices Inc., ABB Ltd., Agilent Technologies Inc., Bruker Corp., Endress Hauser Group Services AG, European Virtual Institute for Speciation Analysis, JEOL Ltd., Kore Technology Ltd., LECO Corp., Perkin Elmer Inc., Rigaku Corp., Shimadzu Corp., Teledyne Technologies Inc., Thermo Fisher Scientific Inc., and Waters Corp. and others.

What's New? -

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -

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Vendor Offerings -

Agilent Technologies Inc - The company offers mass spectrometry such as triple quadrupole LC-MS, quadrupole time of flight LC-MS, and high throughput LC-MS.

ABB Ltd. - The company offers mass spectrometry such as ABB measurement and analytics.

Perkin Elmer Inc. - The company offers mass spectrometry such as GC MS, LC-MS-MS, and ICP MS.

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Mass Spectrometry Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on end-user (pharmaceutical and biotechnology industries, chemical and petrochemical industries, and others), and products (instruments, consumables, and services)

The market share growth by the

pharmaceutical and biotechnology industries segment will be significant during the forecast period. This growth is due to the adoption of a unique mass-to-charge ratio of a given molecule that is used to reveal the structure, concentration, identity, and behavior of molecules in solid and liquid samples, thus assisting in the development of new drugs. Determining the molecular structure and purity of samples and rapidly screening and mapping small molecule binding sites of various protein targets are considered some of the important applications of mass spectrometry in the pharmaceutical and biotechnology industries.

Geography Overview

By geography, the global mass spectrometry market is segmented into North America, Europe, Asia, and the Rest of the World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global mass spectrometry market.

North America is estimated to contribute

42% to the growth of the global market during the forecast period. This is because several pharmaceutical companies are increasingly focusing on drug discovery and development. Some large pharmaceutical companies, such as Novartis International AG and Pfizer, have invested in numerous research activities related to drug development and vaccine manufacturing. For example, PhRMA has invested approximately US$102.38 billion in its 2022 research and development activities.

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Mass Spectrometry Market –

Market Dynamics

Key Drivers

The rise in the geriatric population is a key factor driving the market growth. Skin infections, bacterial pneumonia, influenza, urinary tract infections, and gastrointestinal infections are some of the most frequent microbial diseases impacting aging populations. Furthermore, the elderly population is subjected to diagnostic tests, such as microbial testing, on a regular basis due to their low immunity and metabolism. Hence, the growing geriatric population is expected to drive market growth during the forecast period.

Major Trends

Increasing demand for portable mass spectrometers is a major trend in the market. With the advent of this technology, several vendors on the market offer small permanent magnets that make mass spectrometers easier to carry, as opposed to traditional mass spectrometer systems that are very large and bulky. For example, The Thermo Fisher Scientific Prima BT Benchtop Mass Spectrometer offers several advantages, which include easy sample introduction, automated sampling, and best-in-class resolution. Thus, the benefits are expected to drive market growth during the forecast period.

Significant Challenges

The lack of imaging capabilities is a significant challenge restraining market growth. Molecular imaging techniques are a widely used technique in pharmaceutical research and biomarker discovery and identification because they allow researchers to see the biological and anatomical features of these molecules. However, one of the limitations of these spectrometers is their inability to perform such imaging functions. Hence, these limitations are expected to restrict the mass spectrometry market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Mass Spectrometry Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the mass spectrometry market between 2023 and 2027

Precise estimation of the size of the mass spectrometry market and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the mass spectrometry market across North America, Europe, Asia, and the Rest of the World (ROW)

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of mass spectrometry market vendors

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Table of Contents

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview

Exhibit 02: Executive Summary – Data Table on Market Overview

Exhibit 03: Executive Summary – Chart on Global Market Characteristics

Exhibit 04: Executive Summary – Chart on Market by Geography

Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user

Exhibit 06: Executive Summary – Chart on Market Segmentation by Product

Exhibit 07: Executive Summary – Chart on Incremental Growth

Exhibit 08: Executive Summary – Data Table on Incremental Growth

Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market

Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)

Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)

Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)

Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global mass spectrometry market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on global mass spectrometry market 2017 - 2021 ($ million)

4.2 End-user Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.3 Product Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments

Exhibit 30: Chart on End-user - Market share 2022-2027 (%)

Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user

Exhibit 32: Chart on Comparison by End-user

Exhibit 33: Data Table on Comparison by End-user

6.3 Pharmaceutical and biotechnology industries - Market size and forecast 2022-2027

Exhibit 34: Chart on Pharmaceutical and biotechnology industries - Market size and forecast 2022-2027 ($ million)

Exhibit 35: Data Table on Pharmaceutical and biotechnology industries - Market size and forecast 2022-2027 ($ million)

Exhibit 36: Chart on Pharmaceutical and biotechnology industries - Year-over-year growth 2022-2027 (%)

Exhibit 37: Data Table on Pharmaceutical and biotechnology industries - Year-over-year growth 2022-2027 (%)

6.4 Chemical and petrochemical industries - Market size and forecast 2022-2027

Exhibit 38: Chart on Chemical and petrochemical industries - Market size and forecast 2022-2027 ($ million)

Exhibit 39: Data Table on Chemical and petrochemical industries - Market size and forecast 2022-2027 ($ million)

Exhibit 40: Chart on Chemical and petrochemical industries - Year-over-year growth 2022-2027 (%)

Exhibit 41: Data Table on Chemical and petrochemical industries - Year-over-year growth 2022-2027 (%)

6.5 Others - Market size and forecast 2022-2027

Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)

Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)

Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)

Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by End-user

Exhibit 46: Market opportunity by End-user ($ million)

Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

7.1 Market segments

Exhibit 48: Chart on Product - Market share 2022-2027 (%)

Exhibit 49: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product

Exhibit 50: Chart on Comparison by Product

Exhibit 51: Data Table on Comparison by Product

7.3 Instruments - Market size and forecast 2022-2027

Exhibit 52: Chart on Instruments - Market size and forecast 2022-2027 ($ million)

Exhibit 53: Data Table on Instruments - Market size and forecast 2022-2027 ($ million)

Exhibit 54: Chart on Instruments - Year-over-year growth 2022-2027 (%)

Exhibit 55: Data Table on Instruments - Year-over-year growth 2022-2027 (%)

7.4 Consumables and services - Market size and forecast 2022-2027

Exhibit 56: Chart on Consumables and services - Market size and forecast 2022-2027 ($ million)

Exhibit 57: Data Table on Consumables and services - Market size and forecast 2022-2027 ($ million)

Exhibit 58: Chart on Consumables and services - Year-over-year growth 2022-2027 (%)

Exhibit 59: Data Table on Consumables and services - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Product

Exhibit 60: Market opportunity by Product ($ million)

Exhibit 61: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 63: Chart on Market share by geography 2022-2027 (%)

Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 65: Chart on Geographic comparison

Exhibit 66: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)

Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)

Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)

Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)

Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)

Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)

Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 Asia - Market size and forecast 2022-2027

Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ million)

Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ million)

Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)

Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)

9.6 Rest of World (ROW) - Market size and forecast 2022-2027

Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)

Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)

Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

9.7 US - Market size and forecast 2022-2027

Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)

Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)

Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)

Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

9.8 Canada - Market size and forecast 2022-2027

Exhibit 87: Chart on Canada - Market size and forecast 2022-2027 ($ million)

Exhibit 88: Data Table on Canada - Market size and forecast 2022-2027 ($ million)

Exhibit 89: Chart on Canada - Year-over-year growth 2022-2027 (%)

Exhibit 90: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027

Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)

Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)

Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)

Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027

Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)

Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)

Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)

Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 UK - Market size and forecast 2022-2027

Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)

Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)

Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)

Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.12 Market opportunity by geography

Exhibit 103: Market opportunity by geography ($ million)

Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 105: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 107: Overview on factors of disruption

11.4 Industry risks

Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 109: Vendors covered

12.2 Market positioning of vendors

Exhibit 110: Matrix on vendor position and classification

12.3 908 Devices Inc.

Exhibit 111: 908 Devices Inc. - Overview

Exhibit 112: 908 Devices Inc. - Product / Service

Exhibit 113: 908 Devices Inc. - Key offerings

12.4 ABB Ltd.

Exhibit 114: ABB Ltd. - Overview

Exhibit 115: ABB Ltd. - Business segments

Exhibit 116: ABB Ltd. - Key offerings

Exhibit 117: ABB Ltd. - Segment focus

12.5 Agilent Technologies Inc.

Exhibit 118: Agilent Technologies Inc. - Overview

Exhibit 119: Agilent Technologies Inc. - Business segments

Exhibit 120: Agilent Technologies Inc. - Key offerings

Exhibit 121: Agilent Technologies Inc. - Segment focus

12.6 Bruker Corp.

Exhibit 122: Bruker Corp. - Overview

Exhibit 123: Bruker Corp. - Business segments

Exhibit 124: Bruker Corp. - Key news

Exhibit 125: Bruker Corp. - Key offerings

Exhibit 126: Bruker Corp. - Segment focus

12.7 Endress Hauser Group Services AG

Exhibit 127: Endress Hauser Group Services AG - Overview

Exhibit 128: Endress Hauser Group Services AG - Product / Service

Exhibit 129: Endress Hauser Group Services AG - Key news

Exhibit 130: Endress Hauser Group Services AG - Key offerings

12.8 European Virtual Institute for Speciation Analysis

Exhibit 131: European Virtual Institute for Speciation Analysis - Overview

Exhibit 132: European Virtual Institute for Speciation Analysis - Product / Service

Exhibit 133: European Virtual Institute for Speciation Analysis - Key offerings

12.9 JEOL Ltd.

Exhibit 134: JEOL Ltd. - Overview

Exhibit 135: JEOL Ltd. - Business segments

Exhibit 136: JEOL Ltd. - Key offerings

Exhibit 137: JEOL Ltd. - Segment focus

12.10 Kore Technology Ltd.

Exhibit 138: Kore Technology Ltd. - Overview

Exhibit 139: Kore Technology Ltd. - Product / Service

Exhibit 140: Kore Technology Ltd. - Key offerings

12.11 LECO Corp.

Exhibit 141: LECO Corp. - Overview

Exhibit 142: LECO Corp. - Product / Service

Exhibit 143: LECO Corp. - Key offerings

12.12 Perkin Elmer Inc.

Exhibit 144: Perkin Elmer Inc. - Overview

Exhibit 145: Perkin Elmer Inc. - Business segments

Exhibit 146: Perkin Elmer Inc. - Key news

Exhibit 147: Perkin Elmer Inc. - Key offerings

Exhibit 148: Perkin Elmer Inc. - Segment focus

12.13 Rigaku Corp.

Exhibit 149: Rigaku Corp. - Overview

Exhibit 150: Rigaku Corp. - Product / Service

Exhibit 151: Rigaku Corp. - Key offerings

12.14 Shimadzu Corp.

Exhibit 152: Shimadzu Corp. - Overview

Exhibit 153: Shimadzu Corp. - Business segments

Exhibit 154: Shimadzu Corp. - Key news

Exhibit 155: Shimadzu Corp. - Key offerings

Exhibit 156: Shimadzu Corp. - Segment focus

12.15 Teledyne Technologies Inc.

Exhibit 157: Teledyne Technologies Inc. - Overview

Exhibit 158: Teledyne Technologies Inc. - Business segments

Exhibit 159: Teledyne Technologies Inc. - Key news

Exhibit 160: Teledyne Technologies Inc. - Key offerings

Exhibit 161: Teledyne Technologies Inc. - Segment focus

12.16 Thermo Fisher Scientific Inc.

Exhibit 162: Thermo Fisher Scientific Inc. - Overview

Exhibit 163: Thermo Fisher Scientific Inc. - Business segments

Exhibit 164: Thermo Fisher Scientific Inc. - Key news

Exhibit 165: Thermo Fisher Scientific Inc. - Key offerings

Exhibit 166: Thermo Fisher Scientific Inc. - Segment focus

12.17 Waters Corp.

Exhibit 167: Waters Corp. - Overview

Exhibit 168: Waters Corp. - Business segments

Exhibit 169: Waters Corp. - Key news

Exhibit 170: Waters Corp. - Key offerings

Exhibit 171: Waters Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 172: Inclusions checklist

Exhibit 173: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 174: Currency conversion rates for US$

13.4 Research methodology

Exhibit 175: Research methodology

Exhibit 176: Validation techniques employed for market sizing

Exhibit 177: Information sources

13.5 List of abbreviations

Exhibit 178: List of abbreviations

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