The
mass spectrometry market is poised to grow by USD
2.17 billion during 2020-2024, progressing at a CAGR of over 7%
during the forecast period.
The market is driven by the rising focus on drug discovery and
development. In addition, the increase in use of hyphenated technology is
anticipated to boost the growth of the mass spectrometry market.
Factors such as high blood pressure, high blood cholesterol,
obesity, lack of physical activity, unhealthy diet, and tobacco use can lead to
major chronic diseases such as CVDs, cancer, chronic obstructive pulmonary
disease, and type 2 diabetes. The rise in the prevalence of several chronic
diseases around the world is encouraging pharmaceutical and biotechnology
companies as well as research institutes to focus on drug discovery and
development. This has increased the R&D spending in the pharmaceutical
industry for drug discovery and development among end-users. Consequently, the
adoption of mass spectrometers is increasing as a robust and valuable tool for
structure-based drug design. Mass spectrometers are used in conducting
experiments that are versatile and efficient in discovering high-affinity
ligands for biologically related macromolecules. Thus, the rising focus on drug
discovery and development is expected to drive market growth during the
forecast period.
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Major Five Mass Spectrometry Market Companies:
Agilent Technologies Inc.
Agilent Technologies Inc. operates the business under various
segments such as Life Sciences and Applied Markets, Diagnostics and Genomics,
and Agilent CrossLab. The company offers Ultivo Triple Quadrupole LC/MS and
7250 GC/Q-TOF.
AMETEK Inc.
AMETEK Inc. offers products through the following business
units: Electronic Instruments and Electromechanical. The company offers
StreamPro Process Mass Spectrometer and ProLine Process Mass Spectrometers.
Bruker Corp.
Bruker Corp. operates under various business segments, namely
Cognitive Solutions, Bruker Scientific Instruments and Bruker Energy and
Supercon Technologies. The company offers Ion Trap MS, EVOQ Triple Quadrupole
Mass Spectrometer, High field solariX XR, and Toxtyper 2.0.
Danaher Corp.
Danaher Corp. offers products through the following business
segments: Life Sciences, Diagnostics, Dental, and Environmental and Applied
Solutions. The company offers X500R QTOF system, Triple Quad 5500 System, API
3200 System, and TripleTOF 4600 System.
FLIR Systems Inc.
FLIR Systems Inc. offers products through the following business
segments: Industrial, Government and Defense, and Commercial. The company FLIR
Griffin G510 GC/MS, which is a versatile, person-portable chemical identifier.
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