Spectrometry Market: North America Dominated And Accounted For The Largest Revenue Share

 Spectrometry Industry Overview

The global spectrometry market size was estimated at USD 14.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. The development of technologically advanced spectroscopy instruments and consumables is anticipated to provide growth avenues to this market. Continuous evolution in spectrometry techniques has enhanced the use of spectrometers in the market. Key players are developing products that are easy to use and provide better outcomes which would help researchers to provide better results. This in turn is anticipated to aid growth over the forecast period.


Gather more insights about the market drivers, restraints and growth of the Global Spectrometry market


Spectrometry technology has emerged as one of the key technologies used in various analytical applications such as drug development procedures, proteomics, metabolomics, forensic analysis, and pharmaceutical analysis. The adoption of this technique across various stages of drug discovery processes has increased in recent years. For instance, researchers from the University of Surrey applied the MS technique to assist and accelerate the COVID-19 vaccine development.

Additionally, the development of new advanced technology for novel applications is expected to drive the market over the forecast period. For instance, a June 2020 study published that the MALDI MS imaging technique can be used to analyze quantitative, physical, or physiologic properties of tissues. Therefore, the technique can be used for cancer proteomics research, diagnosis, prognosis, and treatment of various cancers.


Browse through Grand View Research's Healthcare Industry Related Reports

  • Proteomics Market - The global proteomics market size was valued at USD 22.30 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.5% from 2022 to 2030.
  • Biotechnology Market - The global biotechnology market size was estimated at USD 1,023.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030.


Spectrometry Industry Segmentation

Grand View Research has segmented the global spectrometry market on the basis of type, product, application, end-use, and region:

Spectrometry Type Outlook (Revenue, USD Million, 2017 - 2028)

  • Molecular Spectrometry
  • Mass Spectrometry (MS)
  • Atomic Spectrometry

Spectrometry Product Outlook (Revenue, USD Million, 2017 - 2028)

  • Instrument
  • Consumables
  • Services

Spectrometry Application Outlook (Revenue, USD Million, 2017 - 2028)

  • Proteomics
  • Metabolomics
  • Pharmaceutical Analysis
  • Forensic Analysis
  • Others

Spectrometry End-use Outlook (Revenue, USD Million, 2017 - 2028)

  • Government & Academic Institutions
  • Pharmaceutical & Biotechnology Companies
  • Others

Spectrometry Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)


Market Share Insights:

  • December 2020: Agilent Technologies Inc. launched a new 7850 ICP-MS mass spectrometry instrument. The new ICP-MS instrument has a new smart software feature that will increase the ability of the ICP-MS laboratory.


Key Companies profiled:

Some prominent players in the global Spectrometry Industry include

  • Thermo Fisher Scientific, Inc.
  • PerkinElmer, Inc.
  • Agilent Technologies
  • Waters Corporation
  • Shimadzu Corporation
  • Bruker Corporation
  • JEOL Ltd.
  • FLIR Systems, Inc.
  • Endress+Hauser Group
  • MKS Instruments, Inc.

Order a free sample PDF of the Spectrometry Market Intelligence Study, published by Grand View Research.


About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Dna-Based Skin Care Products Market: Offline Distribution Channel Led And Held A Revenue Share

  DNA-based Skin Care Products Industry Overview The global  DNA-based skin care products market  size is expected to reach USD 9.87 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.6% from 2021 to 2028. Consumer awareness of the dangers of using skincare products containing synthetic chemicals is pushing the demand for natural and organic products. Many DNA-based companies have been promoting awareness of DNA-based skincare products through digital and social media campaigns because today's consumers are tech-savvy and want products that are best suited to them.   Everyone's skin is different, so instead of a generic approach from over-the-counter items, consumers need a regimen that is tailored to their own needs. Consumers are now being targeted more directly by skincare specialists, who are prescribing a customized range of products. The Skin360 Face Scanner app from Neutrogena identifies over two...
Read more

Circulating Tumor Cells Market Players: BIOCEPT, Inc., Biocep Ltd., Ikonisys Inc., And Miltenyi Biotec

  Circulating Tumor Cells Industry Overview The global  circulating tumor cells market  size is expected to reach USD 18.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.7% from 2021 to 2027. Many potential applications of CTCs in pre-diagnosis, pretreatment, and intra- and post-treatment provide lucrative growth opportunities to players involved in the development of CTC enrichment and isolation products Research organizations are engaged in endeavors aimed at developing CTC-based tests to improve cancer diagnosis in terms of efficiency and speed.   Furthermore, the growing demand for minimally invasive diagnostic procedures is anticipated to propel investments by key stakeholders in this area. CTC-based liquid biopsy tests lead to limited trauma and enable rapid recovery owing to their non-invasive nature. Moreover, it enables minimal invasive screening of tumors before opting for complex...
Read more

Flow Cytometry Market: Asia Pacific Is Projected To Exhibit Exponential Growth During The Forecast Period

  Flow Cytometry Industry Overview The global  flow cytometry market  size is expected to reach a value of USD 11.5 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2021 to 2027. The high prevalence of chronic diseases, the introduction of technologically advanced flow cytometry solutions, and increasing R&D investments in the pharmaceutical industry are expected to propel market growth over the forecast period.   Increasing regulatory approval and the introduction of technologically advanced flow cytometry solutions are expected to facilitate market growth over the forecast period. For instance, in June 2020, Sysmex Corporation launched the XF-1600 flow cytometer for laboratories, in North America. Also, in January 2019, Beckman Coulter, a subsidiary of Danaher Corporation, expanded its clinical flow cytometry portfolio with the launch of its new ClearLLab 10C System. This newly la...
Read more