Analysts’ Viewpoint on Spectrometry Market Scenario
There is an increase in adoption of spectrometry instruments in industries such as food & beverages, environmental testing, and research activities. Stringent regulatory guidelines governing the monitoring of soil and water samples contribute to the global expansion and procurement of spectrometry devices. Technological developments in the spectrometry procedures are factors driving the global market during the forecast period. However, high capital investment for the installation and maintenance of spectrometer devices and shortage of skilled workers to operate these devices are some of the major factors projected to hamper the growth of the global spectrometry market.
Spectrometry is a technique that ionizes and separates a test sample in order to detect specific chemicals such as chemical compounds, impurities, contaminants, or pollutants. The global spectrometry market is significantly driven by the rising applications of in various end-use industries such as pharmaceuticals, biotechnology, industrial chemistry, environmental testing, and food & beverage testing, etc. The test sample can be analyzed based on the three basic types of spectrometry techniques such as atomic spectrometry, mass spectrometry, and molecular spectrometry. These approaches are further subdivided based on their specific characteristics, such as the source used to separate the samples, the energy source employed, and the type of analysis used. In physical and analytical chemistry, spectrometry technique is used to identify, distinguish, determine or quantify the structural or molecular composition of the sample. It investigates and measures the spectra produced by each type of atom or molecule present in the sample.
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The growing usage of the mass spectrometry technique, especially in the life sciences industry, including pharmaceutical manufacturing, biotechnology, and other disciplines; rising demand for new and advanced instruments and equipment from end-users across the world; increasing focus on research and development in the healthcare industry leading to rise in investments in R&D by major market players and regional governments; and growing number of contract research organizations (CROs) are some of the factors driving the demand for new and advanced mass spectrometers. Mass spectrometry is a powerful analytical technique in the field of life sciences. The technique is used to identify unknown compounds and components in a given sample and quantify known compounds by using electrons.
Mass spectrometry is projected to be a highly lucrative segment in terms of revenue during the forecast period. In addition, atomic spectrometers are also being used to provide information about elemental composition of samples. It is based on the emission of lights that are characteristic of elements present in the sample.
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Advanced technologies are being used in the spectrometry techniques. The global spectrometry market is majorly driven by the advancement in the handheld and portable instruments required for spectrometry procedures. These devices are with improved imaging quality in order to use in the sample analysis. It reduces the efforts of transporting heavy and bulky samples to laboratories for analysis of chemical samples. These handheld and portable spectrometry devices are used in drug discovery and identification, checking the quality of food, environmental testing, and in defense industries. Increasing applications of spectrometry devices in clinical research, tissue analysis, toxicology, proteomics, and disease marker boosts the growth of the global spectrometry market.
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North America is expected to account for a major share of the global spectrometry market during the forecast period, owing to technological advancements in the region. The U.S. spectrometry market is expected to generate lucrative opportunities due to the presence of a large number of research institutes, increasing spending on research & development activities, and availability of funds, etc. Space & aeronautics and defense are major applications of the spectrometry technique in the North America region. Governments are offering funds to the research organizations in order to promote R&D activities.
The Asia Pacific spectrometry market is expected to grow at a rapid pace during the forecast period. This is due to the rising R&D activities in the Asia Pacific countries such as India, China, Japan, Indonesia, Malaysia, and Thailand. The significant presence of market players in the Asia Pacific spectrometry market is creating value-grab opportunities to increase revenue.
| Attribute | Detail |
|---|---|
| Market Size Value in 2020 (Base Year) | US$ 7.1 Bn |
| Market Forecast Value in 2031 | US$ 13.8 Bn |
| Growth Rate (CAGR) | 6.4% |
| Forecast Period | 2021-2031 |
| Quantitative Units | US$ Bn for Value |
| Market Analysis | It includes cross segment analysis at regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, pricing analysis, and parent industry overview. |
| Format | Electronic (PDF) |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
Spectrometry Market - Segmentation
TMR’s study on the global spectrometry market includes information divided into four segments: technology, application, and region. Changing industry trends and other market dynamics associated with these segments of the global spectrometry market are discussed in detail.
| Attribute | Detail |
|---|---|
| Technology |
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| Application |
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| Region |
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Spectrometry market is expected to cross the value of US$ 13.8 Bn by the end of 2028
Spectrometry market is estimated to expand at a CAGR of 6.4% from 2021 to 2028
Spectrometry market is driven by the rising applications of in various end-use industries such as pharmaceuticals, biotechnology, industrial chemistry
North America is expected to account for a major share of the global spectrometry market during the forecast period, owing to technological advancements in the region
Key players operating in the global spectrometry market include Thermo Fisher Scientific, Inc., Perkin Elmer, Inc., Agilent Technologies, Inc., Bruker Corporation, Waters Corporation
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Spectrometry Market
4. Market Overview
4.1. Introduction
4.1.1. Technology Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Spectrometry Market Analysis and Forecast, 2018-2030
4.4.1. Market Revenue Projections (US$ Mn)
4.4.2. Market Volume/Unit Shipments Projections
4.5. Porter’s Five Force Analysis
5. Key Insights
5.1. Installed Base Scenario (2019)
5.1.1. Installed Base Scenario
5.1.1.1. By Technology Type
5.1.1.2. By Application Type
5.1.1.3. By Region
5.1.1.4. By Major Players
5.1.2. New versus Replacement Unit Shipments
5.2. Export-Import Scenario
5.2.1. Export-Import Scenario by Region*
5.3. Price Comparison Analysis (2019)
5.3.1. By Technology Type
5.3.2. By Application Type
5.3.3. By Region
5.3.4. By Major Players
5.4. Key Potential Customers
5.4.1. Key Potential Customers by Region
5.5. Key Vendor and Distributor Analysis
5.5.1. Key Vendor Analysis by Major Players
5.5.2. Key Distributor Analysis by Major Players
5.6. Technological Advancements
5.7. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)
5.8. Key Industry Events (mergers, acquisitions, partnerships, etc.)
5.9. Regulatory Scenario by Region/globally
6. Global Spectrometry Market Analysis and Forecast, By Technology
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Technology, 2018-2030
6.3.1. Atomic Spectroscopy
6.3.2. Molecular Spectroscopy
6.3.3. Mass Spectroscopy
6.4. Market Attractiveness Analysis, By Technology
7. Global Spectrometry Market Analysis and Forecast, By Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Application, 2018-2030
7.3.1. Pharmaceuticals
7.3.2. Biotechnology
7.3.3. Environmental Testing
7.3.4. Food & Beverage Testing
7.4. Market Attractiveness Analysis, By Application
8. Global Spectrometry Market Analysis and Forecast, By Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, By Country/Region
9. North America Spectrometry Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Technology, 2018-2030
9.2.1. Atomic Spectroscopy
9.2.2. Molecular Spectroscopy
9.2.3. Mass Spectroscopy
9.3. Market Value Forecast, by Application, 2018-2030
9.3.1. Pharmaceuticals
9.3.2. Biotechnology
9.3.3. Environmental Testing
9.3.4. Food & Beverage Testing
9.4. Market Value Forecast, by Country, 2018-2030
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Technology
9.5.2. By Application
9.5.3. By Country
10. Europe Spectrometry Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Technology, 2018-2030
10.2.1. Atomic Spectroscopy
10.2.2. Molecular Spectroscopy
10.2.3. Mass Spectroscopy
10.3. Market Value Forecast, by Application, 2018-2030
10.3.1. Pharmaceuticals
10.3.2. Biotechnology
10.3.3. Environmental Testing
10.3.4. Food & Beverage Testing
10.4. Market Value Forecast, by Country/Sub-region, 2018-2030
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Technology
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Asia Pacific Spectrometry Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Technology, 2018-2030
11.2.1. Atomic Spectroscopy
11.2.2. Molecular Spectroscopy
11.2.3. Mass Spectroscopy
11.3. Market Value Forecast, by Application, 2018-2030
11.3.1. Pharmaceuticals
11.3.2. Biotechnology
11.3.3. Environmental Testing
11.3.4. Food & Beverage Testing
11.4. Market Value Forecast, by Country/Sub-region, 2018-2030
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Technology
11.5.2. By Application
11.5.3. By Country/Sub-region
12. Latin America Spectrometry Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Technology, 2018-2030
12.2.1. Atomic Spectroscopy
12.2.2. Molecular Spectroscopy
12.2.3. Mass Spectroscopy
12.3. Market Value Forecast, by Application, 2018-2030
12.3.1. Pharmaceuticals
12.3.2. Biotechnology
12.3.3. Environmental Testing
12.3.4. Food & Beverage Testing
12.4. Market Value Forecast, by Country/Sub-region, 2018-2030
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Technology
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Middle East & Africa Spectrometry Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Technology, 2018-2030
13.2.1. Atomic Spectroscopy
13.2.2. Molecular Spectroscopy
13.2.3. Mass Spectroscopy
13.3. Market Value Forecast, by Application, 2018-2030
13.3.1. Pharmaceuticals
13.3.2. Biotechnology
13.3.3. Environmental Testing
13.3.4. Food & Beverage Testing
13.4. Market Value Forecast, by Country/Sub-region, 2018-2030
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Technology
13.5.2. By Application
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share Analysis, by Company, 2019
14.3. Market Footprint Analysis
14.3.1. By Region
14.3.2. By Technology Type
14.4. Competitive Business Strategies
14.5. Company Profiles
14.5.1. Thermo Fisher Scientific
14.5.1.1. Company Overview
14.5.1.2. Financial Overview
14.5.1.3. Product Portfolio
14.5.1.4. Business Strategies
14.5.2. Bruker
14.5.2.1. Company Overview
14.5.2.2. Financial Overview
14.5.2.3. Product Portfolio
14.5.2.4. Business Strategies
14.5.3. Shimadzu
14.5.3.1. Company Overview
14.5.3.2. Financial Overview
14.5.3.3. Product Portfolio
14.5.3.4. Business Strategies
14.5.4. Waters Corporation
14.5.4.1. Company Overview
14.5.4.2. Financial Overview
14.5.4.3. Product Portfolio
14.5.4.4. Business Strategies
14.5.5. PerkinElmer
14.5.5.1. Company Overview
14.5.5.2. Financial Overview
14.5.5.3. Product Portfolio
14.5.5.4. Business Strategies
List of Tables
Table 1: List of Abbreviations
Table 2: Market Snapshot: Global Spectrometry Market
Table 3: Event Impact Analysis, 2012-2020
Table 4: Global Spectrometry Market Revenue (US$ Mn), by Technology, 2012-2020
Table 5: Global Mass Spectrometry Market Revenue (US$ Mn), by Mass spectrometry Technology, 2012-2020
Table 6: Global Molecular Spectrometry Market Revenue (US$ Mn), by Molecular spectrometry Technology, 2012-2020
Table 7: Global Atomic Spectrometry Market Revenue (US$ Mn), by Atomic Spectrometry Technology, 2012-2020
Table 8: Global Spectrometry Market Revenue (US$ Mn), by Application, 2012-2020
Table 9: Global Spectrometry Market Revenue (US$ Mn), by Geography, 2012-2020
Table 10: North America Spectrometry Market Revenue (US$ Mn), by Technology, 2012-2020
Table 11: Europe Spectrometry Market Revenue (US$ Mn), by Technology, 2012-2020
Table 12: Asia Pacific Spectrometry Market Revenue (US$ Mn), by Technology, 2012-2020
Table 13: Latin America Spectrometry Market Revenue (US$ Mn), by Technology, 2012-2020
Table 14: Middle East & Africa Spectrometry Market Revenue (US$ Mn), by Technology, 2012-2020
List of Figures
Figure 1: Spectrometry Market Segmentation
Figure 2: Global Spectrometry Market (US$ Mn), by Technology, 2020
Figure 3: Global Spectrometry Market (US$ Mn), by Application, 2020
Figure 4: Comparative Analysis: Global Spectrometry Market (Value %), by Region, 2020 and 2028 (Value %)
Figure 5: Global Spectrometry Market Value Chain Analysis
Figure 6: Porter’s Five Forces Analysis: Global Spectrometry Market
Figure 7: Market Attractiveness Analysis: Global Spectrometry Market, by Region
Figure 8: Spectrometry Market: Market Share by Key Players (Value %), 2020
Figure 9: Comparative Analysis: Global Spectrometry Market, by Technology Type, 2020 and 2028 (Value %)
Figure 10: Global Mass Spectrometry Market Revenue (US$ Mn), by Gas Chromatography-Mass Spectrometry Technology, 2012-2020
Figure 11: Global Mass Spectrometry Market Revenue (US$ Mn), by Single Quadrupole Liquid Chromatography-Mass Spectrometry Technology, 2012-2020
Figure 12: Global Mass Spectrometry Market Revenue (US$ Mn), by Matrix-Assisted Laser Desorption/Ionization - Time of Flight, 2012-2020
Figure 13: Global Mass Spectrometry Market Revenue (US$ Mn), by Triple-Quadrupole Liquid Chromatography-Mass Spectrometry Technology, 2012-2020
Figure 14: Global Mass Spectrometry Market Revenue (US$ Mn), by Quadrupole-Time of Flight Liquid Chromatography-Mass Spectrometry Technology, 2012-2020
Figure 15: Global Mass Spectrometry Market Revenue (US$ Mn), by Inductively Coupled Plasma Mass Spectrometry Technology, 2012-2020
Figure 16: Global Mass Spectrometry Market Revenue (US$ Mn), by Ion Mobility Mass Spectrometry Technology, 2012-2020
Figure 17: Global Mass Spectrometry Market Revenue (US$ Mn), by Fourier Transform Ion Cyclotron Resonance - Mass Spectrometry Technology, 2012-2020
Figure 18: Global Mass Spectrometry Market Revenue (US$ Mn), by Ion Trap Mass Spectrometry Technology, 2012-2020
Figure 19: Global Mass Spectrometry Market Revenue (US$ Mn), by Other Technology, 2012-2020
Figure 20: Global Molecular Spectrometry Market Revenue (US$ Mn), by Nuclear Magnetic Resonance Spectrometry Technology, 2012-2020
Figure 21: Global Molecular Spectrometry Market Revenue (US$ Mn), by Ultraviolet-Visible Spectrometry Technology, 2012-2020
Figure 22: Global Molecular Spectrometry Market Revenue (US$ Mn), by Infrared Spectrometry Technology, 2012-2020
Figure 23: Global Molecular Spectrometry Market Revenue (US$ Mn), by Near-Infrared Spectrometry Technology, 2012-2020
Figure 24: Global Molecular Spectrometry Market Revenue (US$ Mn), by Raman spectrometry Technology, 2012-2020
Figure 25: Global Molecular Spectrometry Market Revenue (US$ Mn), by Others Technology, 2012-2020
Figure 26: Global Atomic Spectrometry Market Revenue (US$ Mn), by Atomic Absorption Spectrometry Technology, 2012-2020
Figure 27: Global Atomic Spectrometry Market Revenue (US$ Mn), by X-Ray Diffraction Spectrometry Technology, 2012-2020
Figure 28: Global Atomic Spectrometry Market Revenue (US$ Mn), by X-Ray Fluorescence Spectrometry Technology, 2012-2020
Figure 29: Global Atomic Spectrometry Market Revenue (US$ Mn), by Elemental Analyzers Technology, 2012-2020
Figure 30: Global Atomic Spectrometry Market Revenue (US$ Mn), by Inductively Coupled Plasma Atomic Emission Spectrometry Technology, 2012-2020
Figure 31: Global Atomic Spectrometry Market Revenue (US$ Mn), by Others Technology, 2012-2020
Figure 32: Comparative Analysis: Global Spectrometry Market, by Application, 2020 and 2028 (Value %)
Figure 33: Global Spectrometry Market Revenue (US$ Mn), by Pharmaceuticals Application, 2012-2020
Figure 34: Global Spectrometry Market Revenue (US$ Mn), by Biotechnology Application, 2012-2020
Figure 35: Global Spectrometry Market Revenue (US$ Mn), by Industrial Chemistry Application, 2012-2020
Figure 36: Global Spectrometry Market Revenue (US$ Mn), by Environmental Testing Application, 2012-2020
Figure 37: Global Spectrometry Market Revenue (US$ Mn), by Food and Beverages Testing Application, 2012-2020
Figure 38: Global Spectrometry Market Revenue (US$ Mn), by Other Application, 2012-2020
Figure 39: Comparative Analysis: Global Spectrometry Market, by Geography, 2020 and 2028 (Value %)
Figure 40: North America Spectrometry Market Revenue (US$ Mn), 2012-2020
Figure 41: Europe Spectrometry Market Revenue (US$ Mn), 2012-2020
Figure 42: Asia Pacific Spectrometry Market Revenue (US$ Mn), 2012-2020
Figure 43: Latin America Spectrometry Market Revenue (US$ Mn), 2012-2020
Figure 44: Middel East & Africa Spectrometry Market Revenue (US$ Mn), 2012-2020
Figure 45: Danaher Corporation: Annual Revenue (US$ Mn), 2011-2020
Figure 46: Agilent Technologies, Inc.: Annual Revenue (US$ Mn), 2011-2020
Figure 47: Analytik Jena AG: Annual Revenue (US$ Mn), 2011-2020
Figure 48: Bruker Corporation: Annual Revenue (US$ Mn), 2011-2020
Figure 49: Perkin Elmer, Inc. : Annual Revenue (US$ Mn), 2011-2020
Figure 50: Shimadzu Corporation, Inc. : Annual Revenue (US$ Mn), 2011-2020
Figure 51: Thermo Fisher Scientific, Inc. : Annual Revenue (US$ Mn), 2011-2020
Figure 52: Waters Corporation, Inc. : Annual Revenue (US$ Mn), 2011-2020
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Spectrometry Market
