LONDON--(BUSINESS WIRE)--The clinical mass spectrometry market is expected to grow by USD 1.70 billion, progressing at a CAGR of almost 6% during the forecast period.
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The rise in the geriatric population is one of the major factors propelling market growth. However, factors such as high cost of instrument will hamper the market growth.
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Clinical Mass Spectrometry Market: End-user Landscape
The healthcare facilities and pharma and biotech companies segment include end-users such as hospitals, clinical research laboratories and diagnostic centers, and pharmaceutical and biotechnology companies that perform analytical tests on specimens for diagnosing diseases and identifying causal microorganisms. Some of the major applications of MS by pharmaceuticals and biotech companies are drug discovery, pharmacokinetics, proteomics, and metabolomics. The increasing use of mass spectrometry is expected to drive the growth of healthcare facilities and pharma and biotech companies, thereby boosting the growth of the market in focus.
Clinical Mass Spectrometry Market: Geographic Landscape
Europe will offer several growth opportunities to market vendors during the forecast period. Increased R&D in the pharmaceutical industry and focus of laboratories on clinical research studies that use clinical mass spectrometry for analyzing the structures of proteins, nucleic acids, and small molecules will significantly drive clinical mass spectrometry market growth in this region over the forecast period. 30% of the market’s growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for clinical mass spectrometry in Europe. Market growth in this region will be faster than the growth of the market in North America.
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Companies Covered:
- Agilent Technologies Inc.
- Bruker Corp.
- Danaher Corp.
- Hitachi Ltd.
- JEOL Ltd.
- Kore Technology Ltd.
- PerkinElmer Inc.
- Shimadzu Corp.
- Thermo Fisher Scientific Inc.
- Waters Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Healthcare facilities and pharma and biotech companies - Market size and forecast 2019-2024
- Research labs and institutes - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Agilent Technologies Inc.
- Bruker Corp.
- Danaher Corp.
- Hitachi Ltd.
- JEOL Ltd.
- Kore Technology Ltd.
- PerkinElmer Inc.
- Shimadzu Corp.
- Thermo Fisher Scientific Inc.
- Waters Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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