Deerfield Beach, FL, July 25, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Mass Spectroscopy Market by Technology (Single Mass Spectrometry, Hybrid Mass Spectrometry and Other Mass Spectrometry) for Industrial Chemistry, Pharmaceuticals, Food & Beverage Testing, Biotechnology, Environmental Testing and Other Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, global demand for mass spectroscopy was valued at over USD 4,896.7 million in 2015 and is expected to reach above USD 7,726.2 million in 2021, growing at a CAGR of slightly above 7.9% during 2016 and 2021.
Mass spectrometry (MS) is analytical technique that measures the mass spectrum present in the sample. Mass spectrum is the plot of ion signal as a function of the mass to charge ratio. The technique ionizes the chemical species and varies the ions based on their mass to charge ratio. Mass spectrometry is used in pharmaceuticals, research labs, clinical research and food testing.
Browse 32 Market Tables and 21 Figures spread through 110 Pages and an in-depth TOC on "Mass Spectroscopy Market - Global Size, Shares, Trends, Segment & Forecast to 2020”
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The advance mass spectroscopy includes high speed and resolution. This factor drives the growth of advance mass spectroscopy market. Moreover, usage of mass spectroscopy in drug development, proteomics, and pharmaceuticals stimulates the demand for the mass spectroscopy. Use of mass spectroscopy in food safety testing further fuels the growth of market. However, high cost of instruments may curtail the growth of the market. Nonetheless, increasing technological advancements and expanding application areas are likely to foster the demand for mass spectroscopy in the forecast period.
In 2014, the mass spectroscopy market was dominated by North America followed by Europe. Factors such as advancement in the technology foster the demand for mass spectroscopy in these regions. U.S signifies the largest market share owing to high demand from the pharmaceutical industry and is likely to spur the growth of market in North America. Other factors such as escalating research of proteomics, expanding biotech and clinical sector further propel the growth of mass spectrometry in this region. Europe is the second largest market for mass spectroscopy owing to sharp rise in demand for mass spectrometry in the UK.
Browse the full "Mass Spectroscopy Market by Technology (Single Mass Spectrometry, Hybrid Mass Spectrometry and Other Mass Spectrometry) for Industrial Chemistry, Pharmaceuticals, Food & Beverage Testing, Biotechnology, Environmental Testing and Other Application: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at http://www.marketresearchstore.com/report/mass-spectroscopy-market-z67405
Asia Pacific is considered to be the prominent market for the mass spectroscopy and is expected to gain traction over the forecast period. This is mainly attributed to expanding pharmaceutical sector and food testing industry. Accomplishment from the government for improving the biotech, and pharma sector fuels the market growth. Further, high demand of mass spectroscopy from the research institutes, clinical trials lab from the emerging economies such as India and China is likely to accelerate the growth of market. Moreover, rapidly expanding industrialization and increasing disposable income gives impetus to the growth of market.
Latin America is anticipated to show robust growth for mass spectroscopy market due to growing pharmaceutical sector in Brazil. Rising awareness and knowledge for the use of mass spectroscopy also triggers the growth of mass spectroscopy market in this region. Middle East and Africa is expected to experience sluggish growth owing to lack of know-how and demand for usage of mass spectroscopy.
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Some of the major players in the mass spectroscopy market include Dani Instruments S.P.A., PerkinElmer, Thermo Fisher Scientific, Waters Corporation, Kore Technologies, Ltd., Agilent Technologies, Bruker Corporation, Danaher Corporation, Shimadzu Corporation and Leco Corporation among others.
This report segments the mass spectroscopy market as follows:
Mass Spectroscopy Market: Technology Segment Analysis
- Single mass spectrometry
- Hybrid mass spectrometry
- Other mass spectrometry
Mass Spectroscopy Market: Applications Segment Analysis
- Industrial chemistry
- Food & beverage testing
- Environmental testing
- Other application
Mass Spectroscopy Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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