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Global Liquid Chromatography Mass Spectrometry Market to Register a CAGR of 10.7% over the Forecast Period

In 2018, the global market size of Liquid Chromatography Mass Spectrometry was USD 3.23 Billion, and it is projected to grow at a CAGR of 10.7% over the forecast period. The increase in market demand will be mainly fueled by advances in mass spectrometry technology as well as in liquid chromatography, such as the production of high-performance liquid chromatography that offers exceptionally accurate and sensitive ultra-trace separations.

Increasing funding and healthcare spending incurred by different end-users for research studies and patient care, respectively, are projected to fuel the growth of the market. The increasing emphasis of different companies on delivering quality products that meet government standards will also serve as a catalyst for the growth of the global market. The high levels of investment incurred by the pharmaceutical sector on R&D initiatives for the production of different therapeutics and medicines will also boost the growth of the liquid chromatography mass spectrometry market.

Additionally, the industry growth will be fueled by numerous campaigns and programs coordinated by the authorities of different regions to engage in environmental testing and environmental emission reduction.

Recently, new methods of mass spectrometry, collectively known as data-independent analysis and tracking of hyper response, have been introduced. Comprehensive knowledge about the cancer proteome over the course of the disease is needed to understand the difficulty involved with cancer biology. These methods can prove immensely helpful in this regard. This, in turn, is projected to lead to the development of the industry. However, the high financial cost associated with mass spectrometry systems may restrain the growth of the global liquid chromatography mass spectrometry market.

Global Liquid Chromatography Mass Spectrometry Market, By Type

Based on type, the global liquid chromatography mass spectrometry market has been segmented into single quadrupole LC-MS, triple quadrupole LC-MS, and ion trap LC-MS. The single quadrupole LC-MS segment is projected to lead the segment in 2018, and it is further anticipated to dominate the market over the forecast period.

Global Liquid Chromatography Mass Spectrometry Market, By Sensitivity

Based on sensitivity, the market is segmented into high flow, micro flow, and nano flow. The micro flow segment held the largest share in 2018, owing to the growth in end-use application in the research field, which covers biomarker discovery, proteomics, and environmental analysis.

Global Liquid Chromatography Mass Spectrometry Market, By End-user

Based on end-user, the liquid chromatography mass spectrometry market is segmented into biotechnology and pharmaceutical industry, hospital and research laboratories, and academic and research institutes. The biotechnology and pharmaceutical industry pharmacies segment held the largest share in 2018, owing to the development and increasing innovation in drugs.

Global Liquid Chromatography Mass Spectrometry Market, By Regions

In 2018, North America was predicted to account for the highest market share in the global liquid chromatography mass spectrometry market. The region is expected to dominate the global market throughout the forecast period as well due to the wide usage of mass spectrometry and liquid chromatography in the region, increasing research funding, and rising government initiatives. However, the Asia-Pacific region is expected to register the highest growth in the market during the forecast period, owing to the growth in government investment for the innovation in drug development.

Key Developments in the Global Liquid Chromatography Mass Spectrometry Market

  • March 30, 2020 - Agilent Technologies announced the introduction of a new device for liquid chromatography-mass spectrometry (LC-MS) intended to enhance clinical laboratory diagnostic workflow. The K6460S Clinical Version triple quadrupole (TQ) LC-MS device from Agilent is a U.S. Class I device approved by the Food and Drug Administration (FDA).
  • AB Sciex LLC, a subsidiary of Danaher Corporation, launched TripleTOF 6600+ LC0-MS/MS System with Scanning SWATH Acquisition and OneOmics in SCIEX Cloud in June 2019.
  • The low-flow source technology of the TripleTOF 6600+ LC-MS/MS System provides large-scale, reliable, and stable quantification. In addition, PerkinElmer, Inc.’s flow-based mass spectrometry was patented by the QSight triple quad device, which improves sensitivity for processing complex samples. It launched the QSight Triple Quadrupole LC/MS/MS instrument in China in October 2016.

Some Key Findings of the Global Liquid Chromatography Mass Spectrometry Market Report Include:

  • The analysis includes the global liquid chromatography mass spectrometry market study, expansions, and forecasts, along with a country-specific analysis.
  • An in-depth analysis of the global liquid chromatography mass spectrometry market comprises segment by type, by sensitivity, by end-user, and by regions with an analysis of trend-based insights and factors.
  • Product offering details on competitive benchmarking and evolution approach adopted by the industry players, along with their investments in the last five years in the global liquid chromatography mass spectrometry market have been included in the study.
  • The market research includes a study of the provinces, boundaries, drivers, prospects, guidelines, challenges, and procedures that are propelling the global market.
  • The study also offers complex measures of potential market effect during the forecast period and provides an in-depth overview of the leading companies operating in the global liquid chromatography mass spectrometry market.
  • External as well as internal variables that are expected to have a positive or negative effect on companies have been evaluated, which will offer the decision makers a strong futuristic view of the industry.
  • The research also helps understand the dynamics of the liquid chromatography mass spectrometry market structure by analyzing market segments and by projecting the size of the liquid chromatography mass spectrometry market.
  • Some major industry players functional in the global liquid chromatography mass spectrometry market include Agilent Technologies, Danaher Corporation, Shimadzu Corporation, Waters Corporation, Thermo Fisher Scientific Inc., Bruker Corporation, JEOL Ltd, PerkinElmer Inc., and others.

Market Segmentation

By Type

  • Single Quadrupole LC-MS
  • Triple Quadrupole LC-MS
  • Ion Trap LC-MS

By Sensitivity

  • High Flow
  • Micro Flow
  • Nano Flow

By End-User

  • Biotechnology and Pharmaceutical Industry
  • Hospital and Research Laboratories
  • Academic and Research Institutes

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East
  • Rest of the world
Detailed Coverage

Detailed scope covering all the major segments in the market

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