Liquid chromatography mass spectrometry (LCMS) market has grown significantly over the last decade. Increasing research and development expenditure in the healthcare sector and increasing adoption of various growth strategies by the market players has boosted demand for liquid chromatography mass spectrometry services in recent years. These systems have application in biotechnology and pharmaceutical industries. Rising number of product launches and increasing number of clinical trials is expected to fuel demand for liquid chromatography mass spectrometry over the forecast period.
Market Dynamics
Increasing number of clinical trials and research and development expenditure in the healthcare sector is expected to drive the market growth. For instance, according to Clinical Trials.gov, the number of clinical studies registered in 50 states and 209 countries in 2018 was 293,353 and 262,371 in 2017.
The companies engaged in the liquid chromatography mass spectrometry market are expected to generate significant return-on-investment (ROI) over the forecast period, owing to increasing adoption of growth strategies such as partnerships, as well as product launches by market players. For instance, in March 2019, Shimadzu Corporation launched the Nexera Ultra High-Performance Liquid Chromatograph series, incorporating artificial intelligence, which allows systems to detect and resolve issues automatically. The system makes lab management simple by integrating IoT and thus allows users to achieve higher throughput.
Moreover, increasing adoption of strategic collaborations in order to establish training centers and provide knowledge regarding proteomics and mass spectroscopy to researchers is expected to drive the market growth over the forecast period. For instance, in 2017, SCIEX and Protein and Proteomics Centre (PPC), collaboratively launched a proteomics and mass spectrometry training center at the National University of Singapore’s (NUS) Faculty of Science in 2018. The training center is expected to help researchers based in Singapore to enhance research and development activities. Furthermore, in 2017, Pan Africa Chemistry Network (PACN) organized the first LC-MS workshop in Kenya. The PACN conducted six week training courses across four countries in Africa, training over 90 researchers.
Key features of the study:
- This report provides in-depth analysis of the liquid chromatography mass spectrometry market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global liquid chromatography mass spectrometry market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
- Key companies covered as a part of this study include Danaher Corporation, PerkinElmer, Inc., Waters Corporation, Bruker Corporation, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Shimadzu Corporation, JEOL Ltd., and Newomics, Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global liquid chromatography mass spectrometry market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the liquid chromatography mass spectrometry market
Detailed Segmentation:
- Global Liquid Chromatography Mass Spectrometry Market, By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- Global Liquid Chromatography Mass Spectrometry Market, By Sensitivity:
- High Flow
- Micro Flow
- Nano Flow
- Global Liquid Chromatography Mass Spectrometry Market, By End User:
- Biotechnology and Pharmaceutical Industry
- Hospital and Research Laboratories
- Academic and Research Institutes
- Global Liquid Chromatography Mass Spectrometry Market, By Region:
- North America
- By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- By Sensitivity:
- High Flow
- Micro Flow
- Nano Flow
- By End User:
- Biotechnology and Pharmaceutical Industry
- Hospital and Research Laboratories
- Academic and Research Institutes
- By Country:
- Latin America
- By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- By Sensitivity:
- High Flow
- Micro Flow
- Nano Flow
- By End User:
- Biotechnology and Pharmaceutical Industry
- Hospital and Research Laboratories
- Academic and Research Institutes
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- By Sensitivity:
- High Flow
- Micro Flow
- Nano Flow
- By End User:
- Biotechnology and Pharmaceutical Industry
- Hospital and Research Laboratories
- Academic and Research Institutes
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- By Sensitivity:
- High Flow
- Micro Flow
- Nano Flow
- By End User:
- Biotechnology and Pharmaceutical Industry
- Hospital and Research Laboratories
- Academic and Research Institutes
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- By Sensitivity:
- High Flow
- Micro Flow
- Nano Flow
- By End User:
- Biotechnology and Pharmaceutical Industry
- Hospital and Research Laboratories
- Academic and Research Institutes
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- By Sensitivity:
- High Flow
- Micro Flow
- Nano Flow
- By End User:
- Biotechnology and Pharmaceutical Industry
- Hospital and Research Laboratories
- Academic and Research Institutes
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Danaher Corporation*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Highlights
- Market Strategies
- PerkinElmer, Inc.
- Waters Corporation
- Bruker Corporation
- Thermo Fisher Scientific Inc.
- Agilent Technologies, Inc.
- Shimadzu Corporation
- JEOL Ltd.
- Newomics, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
