Liquid Chromatography Mass Spectrometry (LCMS) Market, by Type (Single Quadrupole LC-MS, Triple Quadrupole LC-MS, and Ion Trap LC-MS), by Sensitivity (High Flow, Micro Flow, and Nano Flow), by End User (Biotechnology and Pharmaceutical Industry, Hospital and Research Laboratories, and Academic and Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  • Published On : Nov 2019 |
  • Pages : 186 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Liquid Chromatography Mass Spectrometry (LCMS) Market – Market Insights

Liquid chromatography mass spectrometry is utilized by pharmaceutical, biotech, cosmetic, food processing, and other sectors for effective analysis of biochemical, as well as organic and inorganic compounds from complex samples.

The global liquid chromatography mass spectrometry market is expected to be valued at US$ 3,683.7 million in 2019, and is expected to exhibit a CAGR of 12.0% over the forecast period (2019 – 2027).

Figure 1. Global Liquid Chromatography Mass Spectrometry Market Share (%), by Region, 2019

Liquid Chromatography Mass Spectrometry  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing research and development expenditure in the healthcare sector is expected to propel growth of the liquid chromatography mass spectrometry market

Increasing research and development expenditure in the healthcare sector is expected to drive growth of the liquid chromatography mass spectrometry market. For instance, according to the National Bureau of Statistics, February 2018, China’s expenditure on research and development increased by 11.6% in 2017 from 10.6% in 2016, reaching US$ 280 Mn in 2017.

Companies are expanding their offerings in the potential market through product launches, which is expected to drive the market growth. For instance, in June 2019, AB Sciex LLC, a subsidiary of Danaher Corporation launched TripleTOF 6600+ LC0-MS/MS System with Scanning SWATH Acquisition, and OneOmics in SCIEX Cloud.

TripleTOF 6600+ LC-MS/MS System has low-flow source technology which offers large-scale, precise and robust quantification. Moreover, in October 2016, PerkinElmer, Inc. launched QSight Triple Quadrupole LC/MS/MS instrument in China. The QSight triple quad system has patented low-based mass spectrometry, which enhances sensitivity for the analysis of complex samples.

However, high cost associated with LCMS systems is one of the major factors which is expected to hamper growth of the liquid chromatography mass spectrometry market over the forecast period. Moreover, these mass spectrometry methods are labor intensive and require technically skilled workforce. However, limited number of skilled operators is expected to hamper the global liquid chromatography mass spectrometry market growth.

Figure 2. Global Liquid Chromatography Mass Spectrometry Market Share (%), by Type, 2019 and 2027

Liquid Chromatography Mass Spectrometry  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing product launches and adoption of inorganic growth strategies in North America are expected to drive the market growth

North America held a dominant position in the global liquid chromatography mass spectrometry market, due to increasing product launches, mergers, and acquisitions strategies adopted by market players. For instance, in 2017, Agilent Technologies Inc. launched a triple quadrupole liquid chromatography mass spectrometer (triple quad LC/MS) at the American Society for Mass Spectrometry Conference (ASMS). Moreover, in February 2019, Clarivate Analytics launched Life Science Alliances Program to provide drug and medical device developers a way to significantly advance their research and development (R&D) activities, and commercialization initiatives. This is expected to increase demand for LCMS systems and accelerate the market growth.

Moreover, increasing research and development expenditure is a major factor, which is expected to drive the liquid chromatography mass spectrometry market growth in North America. For instance, according to the Pharmaceutical Research and Manufacturers of America, in 2016, the biopharmaceutical industry in the U.S. invested around US$ 90 billion in research and development activities.

Key Players

Major players operating in the global liquid chromatography mass spectrometry market include Danaher Corporation, PerkinElmer, Inc., Waters Corporation, Bruker Corporation, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Shimadzu Corporation, JEOL Ltd., and Newomics, Inc.

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:
        • U.S.
        • Canada
    • 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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Sensitivity
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Regulatory Scenario
    • PEST Analysis
    • Porter’s Analysis
  4. Global Liquid Chromatography Mass Spectrometry (LCMS) Market, By Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Single Quadrupole LC-MS
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Triple Quadrupole LC-MS
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ion Trap LC-MS
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Liquid Chromatography Mass Spectrometry (LCMS) Market, By Sensitivity, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • High Flow
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Micro Flow
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Nano Flow
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Liquid Chromatography Mass Spectrometry (LCMS) Market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Biotechnology and Pharmaceutical Industry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hospital and Research Laboratories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Academic and Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Liquid Chromatography Mass Spectrometry (LCMS) Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Sensitivity, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Sensitivity, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Sensitivity, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Sensitivity, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Sensitivity, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Sensitivity, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Danaher Corporation
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • PerkinElmer, Inc.
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Waters Corporation
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Bruker Corporation
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Thermo Fisher Scientific Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Agilent Technologies, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Shimadzu Corporation
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • JEOL Ltd.
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Newomics, Inc.
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 28 market data tables and 23 figures on "Liquid Chromatography Mass Spectrometry (LCMS) Market - Global forecast to 2027”.

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