Mass spectrometry is an analytical tool useful for measuring the mass-to-charge ratio (m/z) of one or more molecules present in a sample. These measurements can often be used to calculate the exact molecular weight of the sample components as well. Typically, mass spectrometers can be used to identify unknown compounds via molecular weight determination, to quantify known compounds and chemical properties of molecules. Moreover, in life science area, mass spectrometry is primarily involved in the characterization and sequencing of proteins. It identifies and quantities crucial proteins involved in disease and altered phenotypes and recognized diagnostic biomarkers for treatment. Furthermore, in analytical chemistry, the most recent applications are mostly oriented towards biochemical problems, such as proteome, metabolome, high throughput in drug discovery and metabolism. Other analytical applications are routinely applied in pollution control, food control, forensic science, natural products or process monitoring. Whilst the addition of new tools and software drives the growth of potential application areas. Moreover, these factors are stimulating the increased usage of mass spectroscopy across the globe and is expected to propel the growth of this market. 

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Mass spectrometry Market Outlook

The mass spectrometry market has gained significant growth due to the remarkable increase in spending on pharmaceutical RD across the globe, rising focus on ensuring the quality of food products and growing petrochemical industry. Moreover, technological advancements in mass spectrometry is also the major factors contributing to the growth of the mass spectrometry market. However, high cost of mass spectrometry systems and lack of skilled technicians are the key factors hampering the mass spectrometry market growth.

MASS SPECTROMETRY MARKET SEGMENTAL OVERVIEW

The mass spectrometry market is divided by technology, application and geography. 

MASS SPECTROMETRY MARKET BY TECHNOLOGY 

The technologies discussed in this market are single mass spectrometry and hybrid mass spectrometry. Furthermore, single mass spectrometry is classified into quadrupole, Time-Of-Flight (TOF) and ION trap. Likewise, hybrid mass spectrometry is sub segmented into fourier transform mass spectrometry (FTMS), triple quadrupole and quadrupole TOF (Q-TOF). Hybrid mass spectrometers combine several mass-analyzer components in a similar quest to achieve higher performance. Performance for hybrid mass spectrometers can be measured as higher sensitivity (and lower limits of detection), higher resolving power, or even other metrics such as speed of data production or data-set richness. 

MASS SPECTROMETRY MARKET BY APPLICATION 

Various application were studied in this report such as pharmaceutical, biotechnology, petrochemical, environmental testing and food beverage testing. In the pharmaceutical industry, accurately identifying the components of a mixture is very crucial. Mass spectrometry plays many key roles in the pharmaceutical industry, from the very early stages of drug discovery through to late-stage development and clinical trials. 

MASS SPECTROMETRY MARKET BY GEOGRAPHY 

By geography, the mass spectrometry market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America and Middle East Africa. Among these, the North America region dominated the mass spectrometry market in 2018, Owing to rising government investments in biotechnology and biomedical areas. In addition, increased research in the field of proteomics is also supporting in the growth of mass spectrometry in the region. However, the Asia-Pacific region is projected to grow at a fastest CAGR during the forecast period, due to the increasing usage of mass spectrometry in pharmaceutical industries and in food testing processes. 

MASS SPECTROMETRY MARKET KEY PLAYERS

The report provides widespread competitive analysis and profiles of major market players, such as Agilent Technologies, Sciex (A Subsidiary of Danaher), Waters Corporation, Bruker, Thermo Fisher Scientific, PerkinElmer Inc., Shimadzu Corporation, JEOL USA, Inc., Analytik Jena AG, Hiden Analytical, Dani Instruments, Rigaku and Leco Corporation. Market players are involved in new product launches and acquisitions to exploit maximum revenue potential in global mass spectrometry market. 

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