Global LiquidChromatography Mass Spectrometry (LCMS) Market, by Type (Single QuadrupoleLC-MS, Triple Quadrupole LC-MS, and Ion Trap LC-MS), by Sensitivity (High Flow,Micro Flow, and Nano Flow), by End User (Biotechnology and PharmaceuticalIndustry, Hospital and Research Laboratories, and Academic and ResearchInstitutes), and by Region (North America, Latin America, Europe, Asia Pacific,Middle East, and Africa) it is expected to be valued at US$ 3,683.7 million in2019, and is expected to exhibit a CAGR of 12.0% over the forecast period (2019– 2027), as highlighted in a new report published by.
Increasing research anddevelopment expenditure in the healthcare sector and increasing productlaunches by market players are expected to drive the market growth Increasingproduct launches by market players, in order to offer advanced solutions forefficient analysis of samples in the biotechnology and pharmaceutical industry,and other sectors is expected to drive the liquid chromatography massspectrometry market growth. For instance, in June 2017, Thermo Fisher launcheda fully automated analyzer, Cascadion SM clinical analyzer system withselectivity and sensitivity of liquid chromatography-tandem mass spectrometry(LC-MS/MS). The fully automated analyzer can be customized easily to becompatible with the laboratory information systems. Moreover, initiatives takenby regulatory authorities regarding adoption of LCMS technique for testing andanalysis in the biopharmaceutical industry is expected to drive growth of theLCMS market over the forecast period. For instance, in October 2019, the U.S.Food and Drug Administration (FDA) recommended pharmaceutical companies to useLiquid Chromatography-High Resolution Mass Spectrometry (LC-HRMS) for testingN-nitrosodimethylamine (NDMA) in ranitidine products. The NDMA is found to becarcinogenic in nature.
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Browse 28 Market Data Tables and23 Figures spread through 186 Pages and in-depth TOC on ‘Liquid ChromatographyMass Spectrometry (LCMS) Market’- Global Forecast to 2027, by Type (SingleQuadrupole LC-MS, Triple Quadrupole LC-MS, and Ion Trap LC-MS), by Sensitivity(High Flow, Micro Flow, and Nano Flow), by End User (Biotechnology andPharmaceutical Industry, Hospital and Research Laboratories, and Academic andResearch Institutes), and by Region (North America, Latin America, Europe, AsiaPacific, Middle East, and Africa)
Furthermore, key players andother organizations are focused on strategic collaborations to offer trainingprograms for researchers, scientists, and other personnel, in order to boostdrug discovery in emerging economies. For instance, in August, 2019, Jomo KenyattaUniversity of Agriculture and Technology (JKUAT), Kenya held a training sessionfor researchers from ten African countries for liquid chromatography massspectrometry (LC-MS) training, to help analyze live molecules in food,medicine, and organic compounds. The training was co-funded by the RoyalSociety of Chemistry (RSC) and GlaxoSmithKline (GSK), and the Pan AfricaChemistry Network (PACN). The key players operating in the market are focusedon adopting acquisition and collaboration strategies, in order to expand theirproduct offerings in potential markets. For instance, in September 2019, ThermoFisher Scientific Inc. and Cedars-Sinai entered a collaboration for developingadvanced liquid chromatography mass spectrometry workflows for screening andtargeted quantitation of protein-based biomarkers for complicated diseases.
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Key Takeaways of the LiquidChromatography Mass Spectrometry Market:
The global liquid chromatographymass spectrometry market is expected to exhibit a CAGR of 12.0% over theforecast period, owing to product launches by market players. For instance, in2018, Shimadzu Corporation launched Nexera Mikros, a micro flowrate-compatibleliquid chromatograph mass spectrometer which provides ten times highersensitivity.
On the basis of sensitivity, themicro flow segment held a dominant position in the liquid chromatography massspectrometry market in 2018, owing to its vast application in research whichincludes proteomics, biomarker discovery, bioanalysis, and environmentalanalysis, which is attributed to its higher sensitivity
Among end user, the biotechnologyand pharmaceutical industries segment held a dominant position in the liquidchromatography mass spectrometry market in 2018, owing to increasinginnovations to accelerate drug development. For instance, in May 2018, SCIEXlaunched BioPharmaView Software 3.0 solution for complete LC-MS multipleattribute methodology (MAM) workflow, which enables detailed characterizationof biologics for use by biopharma researchers.
Key players operating in theglobal liquid chromatography mass spectrometry market include DanaherCorporation, PerkinElmer, Inc., Waters Corporation, Bruker Corporation, ThermoFisher Scientific Inc., Agilent Technologies, Inc., Shimadzu Corporation, JEOLLtd., and Newomics, Inc.
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