Close button
Enquiry IconContact Us
Logo
  • Choose License Type

Global Spectrometry Market, by Product Type (Atomic Spectroscopy (Atomic Absorption Spectroscopy, X- Ray Diffraction, Implantable, X-Ray Fluorescence, Inductively Coupled Plasma, Ark Spark, Elemental Analyzers, and ICP-MS), Mass Spectroscopy (TANDEM LC/MS, Liquid Chromatography, Gas Chromatography, MALDI – TOF, Fourier Transform, and Single Quadrupole), Molecular Spectroscopy (NMR, UV Visualization, Infrared, Color Measurement, and Near Infrared)), by End User (Biopharmaceutical Industries, Research & Academic Institutes, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 20,172.1 Mn in 2021 and is expected to exhibit a CAGR of 7.4 % during the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.

Strong focus of key players on inorganic growth strategies such as product launch is expected to boost the global spectrometry market growth during the forecast period. For instance, in March 2020, Exum Instruments, a scientific equipment supplier, announced the launch of the Massbox. The Massbox is the Laser Ablation Laser Ionization Time of Flight Mass Spectrometer (LALI-TOF-MS) instrument, capable of analysing the sample. The Massbox's cutting-edge hardware and software ecosystems increase the speed of development and discovery of results, by providing easy access to high-performance organic and inorganic characterization at a lowest cost.

Global Spectrometry Market – Impact of Coronavirus (COVID-19) Pandemic

Increasing cases of COVID-19 have risen a demand to rapidly distinguish COVID-19 from other respiratory conditions, including influenza, at first-presentation. Hence, researchers across the world are focusing on diagnosis of COVID-19 using spectroscopy methods. For instance, on October 24, 2020, a feasibility study on diagnosis of COVID-19 by breath analysis with gas-chromatography-ion mobility spectrometry was published in The Lancet, which states that volatile organic compounds (VOCs) such as aldehydes (ethonal, octanal), ketones (acetone, butanone), and methanol in breath using gas chromatography-ion mobility spectrometry (GC-IMS) can rapidly distinguish COVID-19 patients from patients with other conditions in COVID-19 epidemic and related regulations issued by National Health Commission.

Browse 32 Market Data Tables and 35 Figures spread through 312 Pages and in-depth TOC on “Global Spectrometry Market ”- Forecast to 2028, Global Spectrometry Market, by Product Type (Atomic Spectroscopy (Atomic Absorption Spectroscopy, X- Ray Diffraction, Implantable, X-Ray Fluorescence, Inductively Coupled Plasma, Ark Spark, Elemental Analyzers, and ICP-MS), Mass Spectroscopy (TANDEM LC/MS, Liquid Chromatography, Gas Chromatography, MALDI – TOF, Fourier Transform, and Single Quadrupole), Molecular Spectroscopy (NMR, UV Visualization, Infrared, Color Measurement, and Near Infrared)), by End User (Biopharmaceutical Industries, Research & Academic Institutes, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the Global Spectrometry Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/spectrometry-market-3885

Strong focus of key players on inorganic growth strategies such as collaborations in global spectrometry is expected to boost the global spectroscopy market growth during the forecast period. For instance, In May 2020, Thermo Fisher Scientific, the manufacturer and supplier of reagents and consumables, scientific instruments and software services, and Biognosys, a leading developer of next-generation proteomics solutions, continued their collaboration to advance data independent acquisition (DIA) mass spectrometry-based workflows. The companies have established a workflow for precise and flexible label-free protein quantitation and proteome profiling in plasma matrices. The Thermo Fisher Scientific introduced Orbitrap Exploris 480 mass spectrometer and new Orbitrap Exploris 240 mass spectrometer, in combination with the Biognosys PQ500 kit which will provide benefit of high resolution, accurate mass performance driven the supply of efficient and easy workflow that provides improved depth of coverage by orbitrap mass analysers and sensitivity for analysis of blood-derived samples.

Key Takeaways of the Global Spectrometry Market:

  • The global spectrometry market is expected to exhibit a CAGR of 7.4% during the forecast period, owing to increasing funding by government to research & academic institutes, which is expected to drive growth of the global spectrometry market. For instance, in May 2019, Rosalind Franklin Institute, a new national institute, funded by the U.K. government through UK Research and Innovation, has begun construction on US$ 53.28 million hub building at the Harwell Campus, U.K. with specialized labs for mass spectrometry, structural biology, imaging and chemistry to promote collaborations to prioritising efficiency of space utilization.
  • Among product type, mass spectrometry segment is estimated to account for largest market share in the global spectrometry market in 2021, owing to new product launches in recent years, rising R&D spending, and advancements in technical parameters. For instance, in May 2020, Agilent Technologies Inc., a leading provider of life sciences, diagnostics, and applied chemical, announced two new mass spectrometry (MS) products. The Agilent 6470B Triple Quadrupole LC/MS (6470 LC/TQ) system and the Agilent RapidFire 400 system. Both the products offer faster detection of target compounds providing customers increased sample throughput and reduced time to generate results. The 6470B system consists of improvements that boost system uptime and increase overall system performance for low-level detection in routine and high-throughput environments.
  • Among end user, biopharmaceutical industries segment is estimated to account for largest market share in the global spectrometry market in 2021. Increasing demand for spectrometers at biopharmaceutical companies and increasing research & development expenses & funding are attributed for the segment growth. For instance, in October 2020, an article published in National Center for Biotechnology information (NCBI) states about the effectiveness of infrared spectroscopy recognized as powerful biophysical tool for determining the protein secondary structure and monitoring the changes in the structure.
  • Among regions, North America is estimated to hold a dominant position in the global spectrometry market in 2021, owing to increasing mergers and acquisitions between key market players in the region. For instance, in December 2019, PerkinElmer Inc., a company focus on life science research, diagnostics, food and industrial testing, has announced its merger with Emerald Scientific, the company distributing scientific equipment and supplies. This merger will allow Emerald Scientific to offer its customers PerkinElmer products such as Qsight 420 Triple Quad system LC/MS, the Titan MPS Microwave Sample Preparation System, the Clarus SQ 8 Gas Chromatograph/Mass Spectrometer (GC/MS), and the Flexar High-Performance Liquid Chromatography (HPLC) system.
  • Major players operating in the global spectrometry market include Thermo Fisher Scientific Inc., Adeptrix Corp, Analytik Jena AG., Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, PerkinElmer, Inc., Siemens Healthcare, Waters Corporation, Agilent Technologies, Inc., Shimadzu Corporation, and Advion, Inc.
Existing Clientele

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

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly subscribe for our latest news & articles.