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Analysis of the European Mass Spectrometry Market, 2018

Analysis of the European Mass Spectrometry Market, 2018

  • November 2019
  • 120 pages
  • ID: 5831907
  • Format: PDF
  • Frost & Sullivan


Table of Contents

The European mass spectrometry market is mature and is expected to witness a CAGR of 7.2% from 2018 to 2025. The base year of the study is 2018 with a forecast period from 2019 to 2025. Single quadruple LC-MS, tandem LC-MS, GC-MS, TOF LC-MS, MALDI TOF MS, ICP-MS, and portable mass spectrometry are the different mass spectrometer configuration included in the study. The current and future focus on technological advancements in this market is to design instruments capable of performing faster analysis than the previous version with better selectivity and sensitivity to not only detect target compounds but also unknown compounds that researchers are not aware about. In all, 90% of the mass spectrometers in the market are benchtop laboratory equipment. Introducing process equipment that are as sophisticated and accurate as benchtop will aid manufacturers capture more business due to limited solutions currently available in the market. Another solution to field testing is by incorporating features for remote operations in laboratory equipment, thereby completing primary tests in the field using sensors, followed by back-end in-depth computation at the lab for final results. From the large volume of data available, meaningful data can be extracted that will benefit scientists in their experimental studies. Among the end-user industries in Europe that have high growth, environmental, F&B, and pharma are a few that are expected to have constant growth in Europe. This is because of ever-growing population, increased need to reduce mortality rate with medication, and plethora of regulations to protect the environment and food. Germany and France are the demand-generating regions in Europe. Customers are looking for solution that has the ability to analyze more compounds in a particular assay.Standard markets such as F&B require MS instrument because of an increase in chances of contamination of vegetables and fruits, farming practices, and animal husbandry; in environmental testing for water treatment; and in life science sector for the pharmaceuticals development. Because of the technology of mass spectrometry, it is specific to a particular type of compound. However, over time, instruments have got more improved, software more developed, and has been adopted in labs that serve industries mentioned above for various applications. Germany, the UK, Italy, France, and Switzerland are the top 5 regions constituting 61.1% of the total European revenue; other European countries in this study that include Benelux, Sweden, Russia, Central Europe, Denmark, Spain, Iberia, and Scandinavia comprise the rest. Increase in stringent regulations relevant to environment, food, and drug quality is one of the important drivers in the European mass spectrometry market. In terms of applications of MS, food, environmental, pharma, and government and academic research institutions are the top 4 European end-user industries.

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