The spectrometry market is predicted to increase at a CAGR of 6.5 percent from USD 4.1 billion in 2020 to USD 5.6 billion by 2025

The spectrometry market is predicted to increase at a CAGR of 6.5 percent from USD 4.1 billion in 2020 to USD 5.6 billion by 2025.



 Increasing global spending on pharmaceutical R&D, government regulations on drug safety, a growing focus on food quality, an increase in crude and shale gas production, and growing government initiatives for pollution control and environmental testing are all high growth prospects for the spectrometry market over the forecast period.

From 2020 to 2025, the pharmaceutical industry's end-user segment is predicted to increase at the fastest rate.

The pharmaceutical industry, biotechnology industry, research & academic institutes, environmental testing industry, food & beverage testing industry, petrochemical industry, and other end users have been segmented in the mass spectrometry market. The pharmaceutical industry is one of the most important end-users of mass spectrometers. Some of the key factors driving the growth of this segment during the forecast period include the availability of government and corporate funding for pharmaceutical research, the growth of the pharmaceutical industry, and the presence of stringent regulatory guidelines for drug development and safety.

During the forecast period, the hybrid mass spectrometry segment is predicted to develop at the fastest CAGR in the mass spectrometry market.

The foot and ankle devices market is divided into three categories: hybrid mass spectrometry, single mass spectrometry, and other technologies. During the projected period, the hybrid mass spectrometry segment is expected to increase at the fastest rate. Hybrid mass spectrometers include advantages such as speedy and high-resolution testing capabilities, as well as more accurate and exact results are increasing its adoption. As a result, there is an increasing demand for mass spectrometry instruments for high-throughput screening. The Triple Quadrupole, Quadrupole ToF (Q-ToF), and Fourier Transform Mass Spectrometry segments of hybrid mass spectrometry are further subdivided (FTMS).

 

During the projection period, the life science research segment is predicted to develop at the fastest rate.

The spectrometry market is divided into life science research, drug development, environmental testing, food testing, applied industries, clinical diagnostics, and other applications based on application. The market in 2019 was dominated by the life science research segment. The market for this category is likely to be driven by the increasing use of omics technology in diagnostics and biomarker discovery, as well as increased R&D expenditure and government support for proteomics.

The research contains profiles of some of the major players in the spectrometry market to help readers have a better knowledge of the competitive landscape. Thermo Fisher Scientific (US), SCIEX (US), Agilent Technologies (US), Waters Corporation (US), PerkinElmer (US), Shimadzu Corporation (Japan), Bruker (US), Analytik Jena (Germany), JEOL (Japan), Rigaku (Japan), DANI Instruments (Italy), LECO (US), and Hiden Analytical (Japan) are the major players in the spectrometry market (UK)These companies are employing a variety of techniques to improve their market share in mass spectrometry. Collaborations and partnerships, new product releases, expansions, and acquisitions are all common strategies used by large mass spectrometry players.

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