Market Analysis Report Mass Spectrometry Market | Page 2

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instance, Thermo Fisher Scientific designed a single quadrupole mass spectrometer for high productivit y and
performance standards in laboratories. The product detects and quantifies large and small molecules and
offers analytical support across a wide range of applications.
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The market can be segmented on the basis of technology and application. Based on technology, the market
can be categorized into gas chromatography, single quadruple, Fourier transform, time of flight, and tandem
LC/MS. Leading applications of mass spectrometry include government research, energy, utilities,
pharmaceuticals, diagnostics and environmental, food and beverages, security and defense, and industrial
chemicals fields.
North America is a leading region in the market owing to presence of leading market players and introduction
of advanced products. The United States is likely to hold a prominent share in the market owing to supportive
government initiatives to fund research studies based on mass spectrometry. For instance, the National
Institutes of Health (NIH) in the U.S. funded biomedical research at University of Georgia. Development of
biotechnology research infrastructure and advent of novel products in the U.S. can also impel regional
market growth in coming years.
Asia Pacific is likely to emerge highly lucrative in coming years due to rising demand for mass spectrometer in
countries, such as Japan and China. This could be attributed to high natural gas and petrol production.
Increasing R&D activities in biotechnology and biopharmaceutical industries can augment market growth in
coming years. In addition, rising contract research organization (CRO) and contract market organization
(CMO) activities in the region are anticipated to propel market growth in the region. Moreover, launch of
innovative products by local manufacturers can boost regional market growth in coming years. For instance,
Shimadzu launched quadrupole time-of-flight (Q-TOF) LCMS-9030 system. The product offers accurate mass
detection, high resolution, and fast data acquisition rate, enabling scientists to identify compounds with
greater confidence.
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devices-industry
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