Product ID: UCMIG35J2005
Mass Spectrometry Market Size, Share, Growth Analysis, By Technology(Hybrid Mass Spectrometry, Triple Quadrupole (Tandem)), By Application(Pharmaceutical, Biotechnology), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG35J2005 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Mass Spectrometry Market Insights
Market Overview:
Increased spending on pharmaceutical R&D around the world, government regulations on drug safety, a growing focus on the quality of food products, an increase in crude and shale gas production, and an increase in government initiatives for pollution control and environmental testing are all factors that will drive the market during the forecast period. Pharmaceutical companies' R&D spending has expanded dramatically over the last two decades. Investments in critical sectors such as biopharmaceuticals and personalised medicine stimulate research activity in the pharmaceutical and biotechnology industries. Mass spectrometry is used extensively in the pharmacy sector, from drug discovery to late-stage research and clinical trials. As a result, rising spending in the pharmaceutical and biotechnology industries is predicted to propel the mass spectrometry market growth. The major players in the mass spectrometry market are Thermo Fisher Scientific (US), SCIEX (US) Agilent Technologies (US), Waters Corporation (US) and others.
Mass Spectrometry Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Life Sciences Tools & Services by segment aggregation, the contribution of the Life Sciences Tools & Services in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Mass Spectrometry Market Report Snapshots
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