Spectrometry Market to Witness a Pronounce Growth by 2028

Albany NY, United States: Spectrometry is a technique that utilizes the interaction of mass and energy to ionize and separate a test sample in order to detect specific chemicals such as chemical compounds, impurities, contaminants, or pollutants

Albany NY, United States: Spectrometry is a technique that utilizes the interaction of mass and energy to ionize and separate a test sample in order to detect specific chemicals such as chemical compounds, impurities, contaminants, or pollutants

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The three major categories of spectrometry technique are atomic spectrometry, mass spectrometry, and molecular spectrometry. These techniques can be classified into subcategories based on their specific characteristics such as the source used to separate the samples, the energy source used, and the kind of analysis used.

Innovation in Spectrometry Techniques: Key Driver

Advancement in spectrometry techniques has been a major factor driving demand in the past couple of years

Handheld and portable tools with improved imaging quality have significantly aided in onsite sample analysis, alleviating the burden of transporting heavy and bulky samples to laboratories for examination. Handheld and portable spectrometry equipment have become indispensable in the identification of drugs, food inspection, environmental monitoring, and defense industries. Spectrometry has applications in the pharmaceuticals, biotechnology, industrial chemistry, environmental testing, and food & beverage industries.

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Rise in clinical use of spectrometry devices in tissue analysis, toxicology, proteomics, and disease marker boosts the growth of the global spectrometry market. Stringent regulatory environment governing the monitoring of soil and water samples contributes to the global expansion and procurement of spectrometry devices.

Mass Spectrometry to Emerge as Lucrative Segment

In terms of technique, the global spectrometry market has been classified into atomic spectrometry, mass spectrometry, and molecular spectrometry. The molecular spectrometry segment accounted for the major share of the global market in terms of revenue in 2020. However, mass spectrometry is projected to be a highly lucrative segment in terms of revenue during the forecast period.

Mass spectrometry is one of the most powerful tools used for the analyses of a range of chemical and biological samples. Moreover, increase in demand in the pharmaceutical and biotechnology industries has led to significant advances in mass spectrometry technology. Advancements in mass spectroscopy technology increase speed and resolution factors. The discovery of new tools and software have the potential to boost usage of mass spectroscopy across drug development, proteomics, pharmaceuticals, food safety testing, and other fields.

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North America to Dominate Spectrometry Market

North America dominated the global spectrometry market in 2020. The U.S. accounted for major share of the market in the region owing to large number of research institutes, higher spending on research & development activities, and favorable funding environment compared to other regions.

Canada held small share of the spectrometry market in North America in 2020. However, adoption of spectrometry instruments has increased in the country due to rise in awareness about food safety, pollution control, and increase in research related activities.

The market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period owing to a shift of research & development related activities to countries such as China, India, Thailand, Indonesia, Japan, and Malaysia. For instance, in 2014, Waters Corporation signed a joint agreement with the Chinese Pharmacopeia Commission to establish an open laboratory. Increase in investment in research & development activities, especially in countries such as China, India and Malaysia and rise in government funding to projects are the other drivers of the spectrometry market in Asia Pacific.

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The market in Rest of the World is at a nascent stage and is expected to grow in countries such as Brazil and South Africa

Major Players

  • Key players operating in the global spectrometry market include
  • Thermo Fisher Scientific
  • Bruker
  • Shimadzu
  • Waters Corporation
  • Agilent Technologies
  • PerkinElmer
  • AB Sciex

Each of these players has been profiled in the global spectrometry market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments.

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