Global Mass Spectrometry Market Size Worth $ 7,597.17 Million By 2028 at 6.40% CAGR: Verified Market Research®

The increasing demand for automation of diagnostic techniques is expected to drive the growth of the mass spectrometry market. Mass spectrometry assists in various diagnostic analyzes and research in functional genomics, metabolomics and proteomics

JERSEY CITY, NJ, November 24, 2021 / PRNewswire / – Verified Market Research recently published a report, “Mass Spectrometry Market“By Platform (Single Mass Spectrometry, Hybrid Mass Spectrometry), By Application (Pharmaceuticals & Biotech, Food & Beverage Testing, Environmental Testing) & By Geography. According to verified market research, market size world of mass spectrometry has been assessed at $ 4,551.27 million in 2020 and should reach $ 7,597.17 million by 2028, with a CAGR of 6.40% from 2021 to 2028.

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202 – Pages
126 – Tables
37 – Figures

Global Mass Spectrometry Market Overview

R&D spending by pharmaceutical companies has increased dramatically over the past 20 years. Analytical activities within the pharmaceutical and biotechnology industries are driven by investments in key areas, such as biopharmaceuticals and personalized medicines. According to the 2018 EU Industrial R&D Investment Scoreboard, the pharmaceutical and biotechnology sector accounts for 18.9% of total global R&D expenditure. Mass spectrometry plays a key role in the pharmaceutical industry, from the early stages of drug discovery to the late stages of development and clinical trials. Thus, increased funding within the pharmaceutical and biotechnology industry is expected to stimulate the expansion of the mass spectrometry market.

One of the growth drivers will be the increasing demand for automation of diagnostic techniques and the need for a cost-effective platform for sample analysis. This has prompted manufacturers to focus on product development and innovations. In addition, increased funding in the pharmaceutical and biotechnology industry is expected to drive the growth of the mass spectrometry market. Mass spectrometry plays a key role in the pharmaceutical industry, from the early stages of drug discovery to the late stages of development and clinical trials. Thus, increased funding in the pharmaceutical and biotechnology industry is expected to drive the growth of the market. Additionally, technological breakthroughs in mass spectrometers are expected to drive market trends. Advanced technologies such as ion mobility spectrometry and capillary electrophoresis are used to separate complex biological mixtures, such as derived peptide products. In addition, miniaturization is expected to propel the growth of this market.

Key developments

  • SCIEX has launched a new mass-accurate LC-MS / MS instrument for biotherapy.

  • Agilent announced the enhanced mass spectrometry and automation software solutions, MassHunter Workstation Plus 11.0, MassHunter Networked Workstation 11.0, and MassHunter BioConfirm.

Key players

The main players in the market are Shimadzu Corporation, Agilent Technologies, PerkinElmer, Thermo Fisher Scientific, Bruker, Leco Corporation, Waters Corporation, Sciex (Danaher) and others.

Verified market research segmented the global mass spectrometry market on the basis of platform, application, and geography.

  • Mass Spectrometry Market, By Platform

  • Mass Spectrometry Market, By Application

  • Mass Spectrometry Market By Geography

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