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Global Mass Spectrometry Technologies Market Assessment & Forecast: 2015-2019

Global Mass Spectrometry Technologies Market Assessment & Forecast: 2015-2019

  • June 2015
  • 48 pages
  • ID: 3605159
  • Format: PDF
  • By Spearhead Acuity

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The new report “Global Mass Spectrometry Technologies Market Assessment & Forecast: 2015-2019” by Spearhead Acuity Business Research & Consulting group provides in-depth insight into the dynamics of the mass spectrometry technologies market. The global mass spectrometry technologies market was valued at US$ 3,328.8 million in 2014 and expected to grow to US$ 4,846.0 million by 2019 at a CAGR of 7.8% from 2015 to 2019.

The report covers analysis for six geographies North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. North America leads the global mass spectrometry market with a share of approximately 31.2% in 2014. Major innovations in terms of technology have been observed contributed from North American research facilities and market players. Several large companies have developed high end software to support these systems for high throughput analyses. Most MS device manufacturers are based in the United States and have distributors all over the world. The region is expected to be the largest market for recently launched hand-held spectroscopy devices by several players such as Kore Technologies in United Kingdom, 1stDetect a Texas based initiative and 908 Devices which is a Boston start-up to address a large number of on-field applications.

The report covers market for various types of MS systems based on analyzer types such as triple-quadrupole, time-of-flight (Triple TOF and TOF-TOF), quadrupole time-of-flight (Q-TOF) and others. It also encompasses the markets for single mass analyzer MS systems such as TOF, FT-ICR, Single Quadrupole and others. Mass Spectrometry has been applied in life science research for over 40 years. Over these years several technological advancements have evolved to cater specific requirements in various life science areas. The mass spectrometry market had observed an all time low between 2008 and 2010, largely due to economic crisis that took place globally. This has changed as MS has observed a progressive growth due to increasing demand from research facilities, increased government funding in healthcare and life science, increasing demand from developing countries particularly in Asia, Middle East and South America.

Mass spectrometry represents one of the highest and most complicated levels in technologies, thus these systems are usually installed after an in-depth requirement analysis. Refurbished Mass Spectrometers is also a growing segment within this market. Buyers consider top players as the most suitable choice to procure these technologies. Being a mature market, there are several MS suppliers, yet top players find the largest buyers due to a competitive post-sales services and maintenance services. The expensive nature of these devices has resulted in manufacturers opting to provide several discounts and extensive negotiations in terms of supplying accessories and reagents used in MS experiments. This also forms a mainstay of marketing and sales strategies as well and is frequently off the record. MS market began to grow significantly through the usage of LCMS around 15 years ago as the large clinical laboratories began to adopt liquid chromatography-tandem mass spectrometry (LC-MS/MS).

As with most other technologies, there is a growing trend and demand for smaller bench-top MS systems and portable systems for on-field applications. Natural resource exploration and detection of toxins in environment has been a primary need for hundreds of research institutes. The application of MS systems in detection of explosives and drugs is another approach that is currently researched by technology developers. SA-BRC also expects greater automation and conjoint software applications for greater data processing capability. Major future trends to look out for include bacterial identification, tissue imaging and functional assays. These are also the major areas for investment for companies.

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