The market is driven by the rising prevalence of infectious diseases and rapid increase in government funding in R&D. The study identifies the growing threat of bioterrorism as one of the prime reasons driving the biodefense market growth during the next few years. This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The global Mass Spectrometry Market size reached USD 4.36 Billion in 2021 and is expected to register a revenue CAGR of 6.1% during the forecast period, according to latest analysis by Emergen Research. Increased spending by pharmaceutical companies on research & development activities is a major factor driving market revenue growth. These research activities are also facilitating developments and drawing in investments in biopharmaceutical and personalized medicine. Pharmaceutical and biotechnology sectors account for 18.9% of total global research & development expenditure, according to the 2018 European (EU) Industrial Research & Development Investment Scoreboard. Mass spectrometry is used extensively in the pharmaceutical industry, ranging from drug discovery to late-stage development and clinical trials. As a result, increasing funding in pharmaceutical and biotechnology industries is expected to continue to support revenue growth of the market over the forecast period.
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Furthermore, the report provides a comprehensive analysis of the factors that are likely to bolster or impede the growth of the market in the coming years. The report considers the COVID-19 pandemic that is currently unfolding as a key market influencer. The report provides a thorough estimation of the overall impact of the pandemic on the Mass Spectrometry market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Mass Spectrometry market.
The report further divides the Mass Spectrometry market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Mass Spectrometry market.
Mass Spectrometry Market Segmentation
· Technology Outlook (Revenue, USD Billion; 2019-2030)
· Hybrid Mass Spectrometry
· Single Mass Spectrometry
· Others
Application Outlook (Revenue, USD Billion; 2019-2030)
· Life Science Research
· Drug Discovery
· Environmental Testing
· Food Testing
· Clinical Diagnostics
· Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
· Pharmaceutical Industry
· Biotechnology Industry
· Research & Academic Institutes
· Food & Beverages Industry
· Others
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report also studies the key companies of the Mass Spectrometry market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:
Thermo Fisher Scientific, Sciex, Agilent Technologies, Waters Corporation, Shimadzu Corporation, Bruker, Jeol Ltd., Teledyne FLIR LLC, MKS Instruments, Analytik Jena GmbH, Applied Rigaku Technologies, Inc., and Kore Technology.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Mass Spectrometry market?
What are the key product types and applications of the Mass Spectrometry industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Mass Spectrometry market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Mass Spectrometry Market by 2027?
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