Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Spectrometry is the measurement of the interactions between light and matter, and the reactions and measurements of radiation intensity and wavelength. Atomic spectrometry is used to determine the composition of a sample in terms of which chemical elements are present and their quantities or concentrations.

The global spectrometry market is estimated to account for US$ 18,897.4 Mn in terms of value in 2020 and is expected to reach US$ 30,801.4 Mn by the end of 2027.

Global Spectrometry Market: Drivers

R&D in plant extracts is expected to propel growth of the global spectrometry market over the forecast period. For instance, in May 2020, researchers from Diabète athérothombose Thérapies Réunion Océan Indien, France, reported use of mass spectrometry to determine the presence of polyphenols in Antirhea borbonica Aqueous Extract in the study, ‘Antirhea borbonica Aqueous Extract Protects Albumin and Erythrocytes from Glycoxidative Damages’.

Moreover, increasing adoption of metabolomics is also expected to aid in growth of the market. Metabolomics is a large-scale study of small molecules, commonly known as metabolites, and involves use of untargeted gas chromatography–triple quadrupole mass spectrometry (GC-MS/MS)-based metabolomics analysis.

Mass Spectrometry held dominant position in the global spectrometry market in 2019, accounting for 36.4% share in terms of value, followed by Molecular Spectroscopy and Atomic Spectroscopy, respectively

Figure 1. Global Spectrometry Market Share (%), by Value, by Type, 2019

Spectrometry  | Coherent Market Insights

Global Spectrometry Market: Restraints

High initialization cost of the tubes and complexity involved in the usage of spectrometric instruments act as major factors hindering growth of the market.

Moreover, spectrometry is a relatively complex procedure and undergoes various phases. As a result the time consumption of the overall spectrometry analysis is comparatively high. In contrast to other techniques such as chromatography, electrophoresis and others, spectrometry is slower in analyzing samples.

Global Spectrometry Market: Opportunities 

Combined application of liquid chromatography and mass spectrometry is expected to offer lucrative growth opportunities for players in the global spectrometry market. Liquid chromatography-mass spectrometry (LC-MS) is used in toxicology applications in the clinical laboratory, owing to its high specificity and sensitivity.

Cellular experiments in R&D of cancer require the use of MS. Thus, increasing prevalence of cancer is also expected to aid in growth of the market. For instance, according to the American Cancer Society, around 276,480 new cases of invasive breast cancer will be diagnosed in women and the disease will lead to around 42,170 deaths, in the U.S.  

The global spectrometry market was valued at US$ 17,637.5 Mn in 2019 and is forecast to reach a value of US$ 30,801.3 Mn by 2027 at a CAGR of 6.3% between 2020 and 2027.

Figure 2. Global Spectrometry Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Spectrometry  | Coherent Market Insights

Market Trends/Key Takeaways

Mass spectrometry is being used to develop coronavirus antigen. For instance, in May 2020, Avacta Group plc collaborated with Adeptrix Corp. to develop coronavirus antigen test using Adeptrix’s proprietary bead-assisted mass spectrometry platform.

Moreover, high-resolution mass spectrometry is being used to map the glycan-processing states of the Spike protein of the SARS-CoV-2 virus. For instance, in May 2020, researchers from University of Southampton, U.K., reported use of high-resolution mass spectrometry for site-specific glycan analysis of the SARS-CoV-2 spike.

Regulations

Global Spectrometry Market: Competitive Landscape

Major players operating in the global spectrometry market include, Affymetrix Inc. (Thermo Fisher Scientific), Adeptrix Corp., Analytik Jena AG, Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, Illumina Inc., Life Technologies Corp., Perkin Elmer Inc., Siemens Healthcare, and Waters Corporation.

Global Spectrometry Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in June 2019, Thermo Fisher Scientific Inc. launched a new generation of intelligence-driven mass spectrometry instruments, workflows and software at the 67th American Society for Mass Spectrometry Conference on Mass Spectrometry and Allied Topics, held in Georgia (U.S.)

Similarly, in January 2019, Analytik Jena presented its PlasmaQuant MS series with two additional models: The PlasmaQuant MS Q and PlasmaQuant MS Elite S at The European Winter Conference on Plasma Spectrochemistry 2019.

Spectrometry serves as a quantitative and qualitative analytical tool for assessment of complex mixtures in all phases of drug development such as identification of the lead compound and their conformational details. Clinical laboratories manage a large number of samples through total automation or analyzer automation, which is offered by clinical mass spectrometers such as matrix assisted laser desorption/ionization (MALDI-TOF). The combination of mass spectrometry with gas chromatography (GC) or liquid chromatography (LC) has contributed to the rapid expansion of this technology. Mass spectrometry (MS) has application in many clinical areas such as therapeutic drug monitoring, drugs of abuse, and clinical toxicology.

Restraints of the Global Spectrometry Market

The capital investment associated with installation and maintenance of these devices is expected to restrain growth of the global market. Mass spectrometers are costly and small diagnostic clinics and laboratories especially in emerging economies cannot afford these products. Moreover, mass spectrometry requires skilled workforce to operate the devices. Shortage of skilled operators is expected to hamper the market growth.

Key features of the study:

  • This report provides in-depth analysis of the global 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 opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global spectrometry market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Affymetrix Inc. (Thermo Fisher Scientific), Adeptrix Corp., Analytik Jena AG, Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, Illumina Inc., Life Technologies Corp., Perkin Elmer Inc., Siemens Healthcare, and Waters Corporation.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global 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 market.

Detailed Segmentation

  • Global Spectrometry Market, By Type:
    • Atomic Spectroscopy
      • Atomic Absorption Spectroscopy
      • X- Ray Diffraction
      • X-Ray Fluorescence
      • Inductively Coupled Plasma
      • Ark Spark
      • Elemental Analyzers
      • ICP-MS
    • Mass Spectrometry
      • TANDEM LC/MS
      • Liquid Chromatography
      • Gas Chromatography
      • MALDI - TOF
      • Fourier Transform
      • Single Quadrupole
    • Molecular Spectroscopy
      • NMR
      • UV Visualization
      • Infrared
      • Color Measurement
      • Near Infrared
      • Raman
  • Global Spectrometry Market, By Geography:
    • North America
      • By Type
        • Atomic Spectroscopy
          • Atomic Absorption Spectroscopy
          • X- Ray Diffraction
          • X-Ray Fluorescence
          • Inductively Coupled Plasma
          • Ark Spark
          • Elemental Analyzers
          • ICP-MS
        • Mass Spectrometry
          • TANDEM LC/MS
          • Liquid Chromatography
          • Gas Chromatography
          • MALDI - TOF
          • Fourier Transform
          • Single Quadrupole
        • Molecular Spectroscopy
          • NMR
          • UV Visualization
          • Infrared
          • Color Measurement
          • Near Infrared
          • Raman
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Type
        • Atomic Spectroscopy
          • Atomic Absorption Spectroscopy
          • X- Ray Diffraction
          • X-Ray Fluorescence
          • Inductively Coupled Plasma
          • Ark Spark
          • Elemental Analyzers
          • ICP-MS
        • Mass Spectrometry
          • TANDEM LC/MS
          • Liquid Chromatography
          • Gas Chromatography
          • MALDI - TOF
          • Fourier Transform
          • Single Quadrupole
        • Molecular Spectroscopy
          • NMR
          • UV Visualization
          • Infrared
          • Color Measurement
          • Near Infrared
          • Raman
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Type
        • Atomic Spectroscopy
          • Atomic Absorption Spectroscopy
          • X- Ray Diffraction
          • X-Ray Fluorescence
          • Inductively Coupled Plasma
          • Ark Spark
          • Elemental Analyzers
          • ICP-MS
        • Mass Spectrometry
          • TANDEM LC/MS
          • Liquid Chromatography
          • Gas Chromatography
          • MALDI - TOF
          • Fourier Transform
          • Single Quadrupole
        • Molecular Spectroscopy
          • NMR
          • UV Visualization
          • Infrared
          • Color Measurement
          • Near Infrared
          • Raman
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Type
        • Atomic Spectroscopy
          • Atomic Absorption Spectroscopy
          • X- Ray Diffraction
          • X-Ray Fluorescence
          • Inductively Coupled Plasma
          • Ark Spark
          • Elemental Analyzers
          • ICP-MS
        • Mass Spectrometry
          • TANDEM LC/MS
          • Liquid Chromatography
          • Gas Chromatography
          • MALDI - TOF
          • Fourier Transform
          • Single Quadrupole
        • Molecular Spectroscopy
          • NMR
          • UV Visualization
          • Infrared
          • Color Measurement
          • Near Infrared
          • Raman
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Type
        • Atomic Spectroscopy
          • Atomic Absorption Spectroscopy
          • X- Ray Diffraction
          • X-Ray Fluorescence
          • Inductively Coupled Plasma
          • Ark Spark
          • Elemental Analyzers
          • ICP-MS
        • Mass Spectrometry
          • TANDEM LC/MS
          • Liquid Chromatography
          • Gas Chromatography
          • MALDI - TOF
          • Fourier Transform
          • Single Quadrupole
        • Molecular Spectroscopy
          • NMR
          • UV Visualization
          • Infrared
          • Color Measurement
          • Near Infrared
          • Raman
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Type
        • Atomic Spectroscopy
          • Atomic Absorption Spectroscopy
          • X- Ray Diffraction
          • X-Ray Fluorescence
          • Inductively Coupled Plasma
          • Ark Spark
          • Elemental Analyzers
          • ICP-MS
        • Mass Spectrometry
          • TANDEM LC/MS
          • Liquid Chromatography
          • Gas Chromatography
          • MALDI - TOF
          • Fourier Transform
          • Single Quadrupole
        • Molecular Spectroscopy
          • NMR
          • UV Visualization
          • Infrared
          • Color Measurement
          • Near Infrared
          • Raman
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Affymetrix Inc. (Thermo Fisher Scientific)*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Adeptrix Corp.
    • Analytik Jena AG
    • Bio-Rad Laboratories Inc.
    • Bruker Corporation
    • Danaher Corporation
    • Illumina Inc.
    • Life Technologies Corp.
    • Perkin Elmer Inc.
    • Siemens Healthcare
    • Waters Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. Global Spectrometry Market, By Type, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Atomic Spectroscopy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
        • Atomic Absorption Spectroscopy
        • X- Ray Diffraction
        • X-Ray Fluorescence
        • Inductively Coupled Plasma
        • Ark Spark
        • Elemental Analyzers
        • ICP-MS
    • Mass Spectrometry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
        • TANDEM LC/MS
        • Liquid Chromatography
        • Gas Chromatography
        • MALDI - TOF
        • Fourier Transform
        • Single Quadrupole
    • Molecular Spectroscopy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
        • NMR
        • UV Visualization
        • Infrared
        • Color Measurement
        • Near Infrared
        • Raman
  5. Global Spectrometry Market, By Regions, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  6. Competitive Landscape
    • Company Profiles
      • Affymetrix Inc. (Thermo Fisher Scientific)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Adeptrix Corp.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Analytik Jena AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Bio-Rad Laboratories Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Bruker Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Danaher Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Illumina Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Life Technologies Corp.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Perkin Elmer Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Siemens Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Waters Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 19 market data tables and 34 figures on “Spectrometry Market – Global forecast to 2027.

Frequently Asked Questions

The global spectrometry market was valued at US$ 17,637.5 Mn in 2019 and is forecast to reach a value of US$ 30,801.3 Mn by 2027 at a CAGR of 6.3% between 2020 and 2027.
Major factor driving the growth of global Spectrometry market during the forecast period include increasing metabolomics, and increasing research and development of drugs.
Major factors hampering the growth of the Spectrometry market during the forecast period constitutes of high initialization cost of the tubes and complexity involved in the usage of spectrometric instruments.
Mass Spectrometry segment held dominant position in the global Spectrometry market in 2019.
North America Spectrometry market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Affymetrix Inc. (Thermo Fisher Scientific), Adeptrix Corp., Analytik Jena AG, Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, Illumina Inc., Life Technologies Corp., Perkin Elmer Inc., Siemens Healthcare, and Waters Corporation.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner