InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Mass Spectrometry and Chromatography in Diagnostics Market”-, By Product Type(Sample Preparation, Mass Spectrometry, and Chromatography), By Application Type (Therapeutic Drug Monitoring, Vitamins, Hormones, Methylmalonic Acid, Immunosuppressants, Others), By Sample Type (Blood, Urine, Serum, Plasma, Saliva), By Testing Type (Laboratory-Developed Tests, Commercial Assays), Industry Trends, and Global Forecasts, 2024-2031 And Segment Revenue and Forecast To 2031.”
The Mass Spectrometry and Chromatography in Diagnostics Market is valued at USD 732.1 Mn in 2023 and is estimated to reach over USD 1,613.6 billion by 2031, exhibiting a CAGR of 10.7% during the forecast period.
The chromatography and mass spectrometry (MS) markets are essential parts of the larger analytical and life sciences instrumentation business. These technologies have been crucial in advancing a number of industries, including pharmaceuticals, environmental monitoring, diagnostics, and food safety, among others. They provide advanced techniques for the separation, identification, and quantification of chemical and biological substances. These technologies are typically integrated into workflows rather than being utilized in isolation for diagnostic purposes.
Liquid chromatography-mass spectrometry, for example, combines the mass spectrometry's mass analysis capability with liquid chromatography's separation capabilities. When analyzing complex samples, this integration works especially well because it eliminates the need to separate components before determining their mass and structure. These hybrid systems are essential for high-throughput patient sample analysis in clinical settings because they provide a thorough understanding that directs diagnosis and therapy. Among the most important uses of mass spectrometry and chromatography in medicine are the profiles of vitamins and hormones. In the pharmaceutical sector, mass spectrometry is essential in all stages from early drug discovery to late-stage research and clinical trials. Consequently, it is anticipated that growing funding for the biotechnology and pharmaceutical industries will propel the mass spectrometry market's expansion.
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List of Prominent Players in the Software-Defined Vehicle Market:
- Thermo Fisher Scientific Inc.
- Sciex
- Agilent Technologies
- Shimadzu Corporation
- Perkinelmer
- Jeol
- Jasco Corporation
- Teledyne Flir Llc
- Mks Instruments
- Analytik Jena Gmbh
- Hiden Analytical
- Leco
- Waters Corporation
- Tecan Group Ltd.
- Danaher Corporation
- Merck KGaA
- Bio-Rad Laboratories, Inc.
- PerkinElmer Inc.
- Promega Corporation
- Restek Corporation
- Gerstel GmbH & Co. KG
- Phenomenex Inc. (Danaher Corporation)
- Bruker Corporation
- New England Biolabs
- Hamilton Company
- Avantor, Inc. (VWR International, LLC.)
- Chromsystems Instruments & Chemicals GmbH
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Market Dynamics:
Drivers:
A significant development in clinical laboratory operations is also represented by the incorporation of automated sample preparation technologies in mass spectrometry-based diagnoses. The growing need for quicker, more precise diagnostic tests as well as the continuous progress in technology will fuel the growth of this trend. Increased healthcare spending is driving investments in advanced diagnostic tools, including mass spectrometry and chromatography systems. The aging population is associated with a higher prevalence of chronic diseases, driving the demand for diagnostic tools.
Challenges:
Spectrometry devices with cutting-edge features and technologies are typically more expensive. In addition, it is quite expensive to get the system to comply with industry requirements. Additionally, it is challenging for academic research facilities to finance such systems due to funding constraints.
Regional Trends:
North America has the largest market share during the forecast period, due to robust healthcare infrastructure, early adoption of advanced technologies, and substantial investments in research and development. There's a strong emphasis on personalized medicine, driving the demand for mass spectrometry and chromatography-based diagnostic solutions. However, The Asia Pacific region is experiencing rapid growth due to increasing healthcare spending, rising prevalence of chronic diseases, and growing awareness of advanced diagnostics.
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Recent Developments:
- In June 2024, Agilent Technologies Inc., introduced two new items at the 72nd ASMS Conference on Allied Topics and Mass Spectrometry. Targeting the food and environmental markets, the Agilent 7010D Triple Quadrupole GC/MS System provides accuracy and sensitivity in gas chromatography-mass spectrometry.
- In August 2023, Thermo Fisher Scientific published the EXENT Solution commercially after obtaining IVDR certification. This integrated mass spectrometry system, which is totally automated, is intended to transform the way that patients with monoclonal gammopathies—such as multiple myeloma—are diagnosed and treated. A potent qualitative and quantitative analytical method for identifying and measuring a broad variety of therapeutically significant analytes is mass spectrometry (MS).
Segmentation of Mass Spectrometry and Chromatography in Diagnostics Market.
Global Mass Spectrometry and Chromatography in Diagnostics Market - By Product Type
- Sample Preparation
- Mass Spectrometry
- Chromatography
Global Mass Spectrometry and Chromatography in Diagnostics Market – By Application Type
- Therapeutic Drug Monitoring
- Vitamins
- Hormones
- Methylmalonic Acid
- Immunosuppressants
- Others
Global Mass Spectrometry and Chromatography in Diagnostics Market – By Sample Type
- Blood
- Urine
- Serum
- Plasma
- Saliva
Global Mass Spectrometry and Chromatography in Diagnostics Market – By Testing Type
- Laboratory-Developed Tests
- Commercial Assays
Global Mass Spectrometry and Chromatography in Diagnostics Market – By Region
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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