North America is the fastest-growing market for Mass Spectrometry: Know The latest Trends
The overall mass spectrometry market is expected to reach $5.27 billion by 2022, at a CAGR of 7.4%
(EMAILWIRE.COM, December 26, 2018 ) Factors such as technological advancements in mass spectrometry, government initiatives for pollution control and environmental testing, increasing spending on pharmaceutical R&D across the globe, growing petrochemical industry, and growing focus on ensuring the quality of food products are expected to drive the growth of Mass Spectrometry Market.
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Mass spectrometry is an analytical technique used to measure known materials, to identify unknown compounds within a sample, and to evaluate the structure and chemical properties of different molecules. The technique ionizes chemical species and sorts the ions, based on their mass-to-charge ratio. Because of the high sensitivity of these techniques, mass spectroscopy has become a powerful analytical tool for testing in various industries.
This market has been segmented, on the basis of platform, into single mass spectrometry, hybrid mass spectrometry, and other technologies. The hybrid mass spectrometry segment accounted for the largest share of the global mass spectrometry market. The hybrid mass spectrometry segment is further categorized into triple quadrupole, quadrupole time-of-flight (QTOF), and Fourier transform mass spectrometry (FTMS). The high adoption of this spectrometry technique is due to the large volumes of complex data that it yields at high speed and resolutions coupled with technologically advanced products which are available in the market.
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Mass spectrometry has major applications in the pharmaceutical industry, right from the early stages of drug discovery to the late-stage development and clinical trials. Also, mass spectrometry is routinely employed by pharmaceutical companies as a part of Good Manufacturing Practices (GMPs).
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