SAN FRANCISCO, May 12, 2021 /PRNewswire/ -- The global
spectrometry market size is expected to reach USD 24.5 billion by 2028, according to a new
report by Grand View Research, Inc. The market is expected to
expand at a CAGR of 7.2% from 2021 to 2028. Key players
offer technologically advanced spectrometry products for several
healthcare applications and have collaborated with research
institutes to develop novel products.
Key suggestions from the report:
- The Mass Spectrometry (MS) segment is anticipated to witness
the fastest CAGR during the forecast period owing to continuous
advancements in the technology
- The MALDI-TOF MS is a major contributor to the high growth
of the MS segment, owing to the introduction of new accessories for
MALDI-TOF MS which expands the application range of this
technology
- The instrument segment dominated the market in 2020. The key
players offering extensive instruments for specialized application
contribute to the large segment share
- Although the availability of various spectrometers is high,
many research entities are unable to adopt them owing to a high
cost of systems and lack of skilled professionals
- Therefore, research entities approach organizations that
offer spectroscopy services, which, in turn, is expected to drive
the services segment over the forecast period
- Pharmaceutical analysis occupied a major portion of the
revenue generated by the application segment as spectrometer is
commonly used in the quality assurance and quality control
departments of pharmaceutical companies
- Additionally, ongoing innovation in the technology
specialized for pharmaceutical application contributes to the
fastest growth of the segment
- The government and academic institutions segment generated
the largest revenue in 2020 as researchers from various government
and academic institutions are engaged in several research studies
based on spectroscopy
- For instance, the National Institute of Environmental Health
Sciences has a support group named The NIEHS Mass Spectrometry
Research and Support Group which helps the researchers by providing
a broad range of MS analyses
- In Asia Pacific, the market
is expected to register a lucrative growth rate throughout the
forecast period owing to the initiatives taken by various
organizations and associations to train and educate young
scientists in this region
- These bodies also organize conferences to exhibit the latest
MS research from the Asian region and to educate the young
scientist through assemblies and the Young Scientist Forum
- For instance, in January 2020,
the mass spectrometry societies in Oceania and the Asian region
organized Asia-Oceania Mass Spectrometry Conference (AOMSC) in
Macau to showcase the applications
and fundamentals of MS
- Major market participants such as Thermo Fisher Scientific,
Inc., Agilent Technologies, Waters Corporation, and Shimadzu
Corporation, have undertaken strategic initiatives to strengthen
their position in the market
- For instance, in November
2020, Waters Corporation launched RADIAN ASAP System, a new
direct mass detector intended for non-MS. This new system can
perform accurate and fast analysis of liquids and solids with
minimum sample prep. Additionally, the RADIAN ASAP system has
applications in pharmaceuticals, forensics, academia, and chemicals
and materials
Read 158 page research report with ToC on "Spectrometry
Market Size, Share & Trends Analysis Report By Type, By
Product, By Application (Pharmaceutical Analysis, Forensic
Analysis, Proteomics, Metabolomics), By End-use, By Region, And
Segment Forecasts, 2021 - 2028" at:
https://www.grandviewresearch.com/industry-analysis/spectrometry-market
The market is expected to show potential growth in the coming
future owing to the introduction of healthcare services using
MALDI-TOF mass spectrometry (MS) by key players operating in the
market. For instance, in November
2020, Shimadzu Corporation launched the Amyloid MS service
for the early diagnosis of amyloid-positive patients in the U.S.
The analysis of blood is performed using a combination of MALDI-TOF
MS (IP-MS) and immunoprecipitation.
Furthermore, spectrometers are widely used in drug discovery and
research and development to study Drug Metabolism and
Pharmacokinetics (DMPK) profiles and to study Absorption,
Distribution, Metabolism, Excretion, and Toxicity (ADMET)
properties of new molecular entities. Hence, the application of
spectrometry in drug development is anticipated to show potential
growth during the forecast period.
Grand View Research has segmented the global spectrometry
market on the basis of type, product, application, end-use, and
region:
- Spectrometry Type Outlook (Revenue, USD Million, 2017 -
2028)
-
- Molecular Spectrometry
-
- Visible and Ultraviolet Spectroscopy
- Infrared Spectroscopy
- Nuclear Magnetic Resonance (NMR)
- Others
- Mass Spectrometry (MS)
-
- MALDI-TOF
- Triple Quadrupole
- Quadrupole-Trap
- Hybrid Linear Ion Trap Orbitrap
- Quadrupole-Orbitrap
- Atomic Spectrometry
-
- Atomic Absorption Spectroscopy (AAS)
- Atomic Emission Spectroscopy (AES)
- Atomic Fluorescence Spectroscopy (AFS)
- X-ray Fluorescence (XRF)
- Inorganic Mass Spectroscopy
- Spectrometry Product Outlook (Revenue, USD Million, 2017 -
2028)
-
- Instrument
- Consumables
- Services
- Spectrometry Application Outlook (Revenue, USD Million, 2017
- 2028)
-
- Proteomics
- Metabolomics
- Pharmaceutical Analysis
- Forensic Analysis
- Others
- Spectrometry End-use Outlook (Revenue, USD Million, 2017 -
2028)
-
- Government & Academic Institutions
- Pharmaceutical & Biotechnology Companies
- Others
- Spectrometry Regional Outlook (Revenue, USD Million, 2017 -
2028)
-
- North America
-
- Europe
-
- Germany
- France
- U.K.
- Italy
- Spain
- Asia Pacific
-
- Latin America
-
- Middle East & Africa (MEA)
-
List of Key Players of Spectrometry Market
- Thermo Fisher Scientific, Inc.
- PerkinElmer, Inc.
- Agilent Technologies
- Waters Corporation
- Shimadzu Corporation
- Bruker Corporation
- JEOL Ltd.
- FLIR Systems, Inc.
- Endress+Hauser Group
- MKS Instruments, Inc.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
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in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
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renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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