Mass Spectrometer Market During The Forecast Period 2019 – 2027

Posted by Dinesh on March 26th, 2021

Global Mass Spectrometer Market – Snapshot

According to a new market report published by Transparency Market Research titled “Mass Spectrometer Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,” the global mass spectrometer market is projected to expand at a CAGR of above 8% during the forecast period 2019 – 2027. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors.

Growth in pharmaceutical and life science markets, rise in demand for clinical analysis, increase in mergers and acquisitions, and increase in food and beverage testing has influenced the penetration and growth of the mass spectrometer market globally.

MALDI-TOF Segment to Remain Most Lucrative

MALDI-TOF is expected to continue to be the leading segment globally during the forecast period due to growing use of MALDI-TOF spectrometers for various applications in clinical diagnostics, environmental and taxonomical research, and food processing and quality control. MALDI-TOF segment is projected to expand at a considerable CAGR of 8.0% over the forecast period 2018 to 2026.The application of mass spectrometry in biological science has progressed over the last decade. With the help of FIB system cells, biomaterials and their interfaces can be analyzed, imaged, or prepared for various techniques such as fault-tolerant operation, ensuring high reliability for closed-loop control in harsh industrial environments.

Liquid chromatography-MS segment is projected to expand at the highest CAGR over the forecast period due to the growing adoption of high performance liquid chromatography in order to separate, identify, and quantify each component in a mixture during the production process of pharmaceutical and biological products.

Get More Press Release by TMR: https://www.prnewswire.com/news-releases/governed-by-strict-regulatory-and-compliance-requirements-high-deployment-in-bfsi-rallies-growth-in-enterprise-governance-risk-and-compliance-market-transparency-market-research-301245643.html

North America to Continue to Hold Significant Share in the Overall Market

North America accounted for highest revenue share in 2017 due to concentration of leading manufacturers, high usage of mass spectrometry in the pharmaceutical sector, and growing funding to favor the mass spectrometry market. .

Furthermore, growing laboratory automation is helping the North America market to generate significant revenue. The market in the U.S. held the highest share in 2017 in North America and is estimated to expand at a considerable CAGR during the forecast period. The market in North America is expected to expand at a significant CAGR of above 8% during the forecast period. In a number of European countries, high penetration of mass spectrometers in industrial and non-industrial research sectors and technological advancements are fueling the growth of the mass spectrometer market. 

The profiling of key players in the global mass spectrometer market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years 2017 to 2019. Key players profiled in the global mass spectrometer market includes