Global Mass Spectrometry Market Expands with a Focus on Drug Discovery | CAGR of 7.7%

The Mass Spectrometry Market is experiencing robust growth fueled by advancements in analytical technologies and their diverse applications across various industries. With a pivotal role in analytical chemistry, mass spectrometry is witnessing increased adoption in drug discovery, clinical diagnostics, environmental monitoring, and food safety. According to a new report published by Allied Market Research, titled global Mass Spectrometry Market was valued at $6.9 billion in 2022, and is projected to reach $14.6 billion by 2032, growing at a CAGR of 7.7% from 2023 to 2032.

What is mass spectroscopy?

Mass spectrometry (MS) is an analytical technique that is used to measure the mass-to-charge ratio of ions. The results are typically presented as a mass spectrum, a plot of intensity as a function of the mass-to-charge ratio.

What are the market values / growth % of emerging countries?

Owing to stringent guidelines for food products have been set in food & beverage industry by regulating authorities, such as the Food and Drug Administration and technological advancements in the field of healthcare.

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• Covid 19 impact trends and perspective
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• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

Covid-19 Situation –

• The COVID-19 outbreak has impacted the global mass spectrometry market positively. There has been a high demand for multiple spectrometers from the biotechnology and pharmaceutical industries due to the COVID-19 driving market
• This technology uses multiple spectrometry to detect different proteins in COVID-19 and is intended to deliver test results within 30 minutes. These developments are expected to foster the growth of the market.

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In mass spectrometry, a sample is ionized to produce charged molecules, which are then separated and detected based on their mass-to-charge ratio. This technique can be used to identify unknown compounds, determine the chemical composition of a sample, and measure the abundance of specific molecules in a complex mixture.

Mass spectrometry is widely used in various fields, including environmental analysis, drug discovery, forensic science, and proteomics. Advances in technology have led to the development of new mass spectrometry techniques that offer higher sensitivity, resolution, and throughput, expanding the range of applications for this powerful technique.

Major Key Market Players in the Industry –

• Agilent Technologies, Inc.
  • Danaher Corporation
  • Waters Corporation
  • Bruker Corporation
  • Thermo Fisher Scientific, Inc.
  • Perkinelmer, Inc.
  • Shimadzu Corporation.
  • Kore Technologies, Ltd.

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Market: By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)

Important Questions Being Answered by This Market Report Are –

Q1. The total market value of mass spectroscopy market is $5,885.28 million in 2020

Q2. What would be forecast period in the market report?

Q3. What is the market value of mass spectroscopy market in 2030?

Q4. Which is base year calculated in the mass spectroscopy market report?

Key findings of the study –

• Depending on technology, the hybrid mass spectrometry segment held 55% share in the global mass spectrometry market in 2020.
• By application, the pharma segment accounted for the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
• Region wise, Asia-Pacific is expected to exhibit highest CAGR of 8.50% during the forecast period.

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