Mass Spectrometry Market Projected to have a Stable Growth for the Next Few Years

The demand for mass spectrometry is growing rapidly in life science and clinical sector. Some of its most common applications in life science and clinical studies are determination of protein structure, interactions and folding; protein identification from the mass of its peptide fragment; relative or absolute quantification of proteins in a given sample; monitoring of enzyme reactions; chemical modifications; protein digestion; forensic analysis; and disease biomarkers detection. All these applications are very vital in life science and clinical studies; and with increasing healthcare awareness, advanced research and development, increasing cases of drug abuse, and high number of metabolic diseases, the demand for mass spectrometer is rapidly growing.

In addition, the increasing food safety concerns to prevent the food from spoilage also acts as a major growth driver in the global mass spectrometry market. In order to maintain the safety and quality of food, the presence of required microorganisms needs to be confirmed, and the presence of microorganisms which may lead to spoilage must be detected. Both government authorities and food companies use microbiological analysis to monitor contamination and analyze its trends to detect emerging risks.

However, the lack of skilled professionals act as major restraints in the growth of the global market.  In addition, the high cost mass spectrometry equipment is further restraining the growth of the market. The Asian market is expected to witness the fastest growth, at a CAGR of 8.7% during the period 2016 – 2022.

The key companies operating in the global mass spectrometry market include Danaher Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., Bruker Corporation, Agilent Technologies Inc., Waters Corporation, PerkinElmer Inc., LECO Corporation, Dani Instruments S.p.A, Protea Biosciences Group Inc., Microsaic Systems PLC, Endress+Hauser Inc., Jeol USA Inc., and Elico Ltd.

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