Analysis of the European Mass Spectrometry Market, Forecast to 2025

Analysis of the European Mass Spectrometry Market, Forecast to 2025

Application of mass spectrometers will not be restricted to specialized labs but will extend to surgical realm

RELEASE DATE
26-Nov-2019
REGION
Global
Research Code: K3BB-01-00-00-00
SKU: TM00614-GL-MR_23817

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Description

The European mass spectrometry market is mature and is expected to witness a CAGR of 7.2% from 2018 to 2025. The base year of the study is 2018 with a forecast period from 2019 to 2025. Single quadruple LC-MS, tandem LC-MS, GC-MS, TOF LC-MS, MALDI TOF MS, ICP-MS, and portable mass spectrometry are the different mass spectrometer configuration included in the study. The current and future focus on technological advancements in this market is to design instruments capable of performing faster analysis than the previous version with better selectivity and sensitivity to not only detect target compounds but also unknown compounds that researchers are not aware about.

In all, 90% of the mass spectrometers in the market are benchtop laboratory equipment. Introducing process equipment that are as sophisticated and accurate as benchtop will aid manufacturers capture more business due to limited solutions currently available in the market. Another solution to field testing is by incorporating features for remote operations in laboratory equipment, thereby completing primary tests in the field using sensors, followed by back-end in-depth computation at the lab for final results. From the large volume of data available, meaningful data can be extracted that will benefit scientists in their experimental studies.

Among the end-user industries in Europe that have high growth, environmental, F&B, and pharma are a few that are expected to have constant growth in Europe. This is because of ever-growing population, increased need to reduce mortality rate with medication, and plethora of regulations to protect the environment and food. Germany and France are the demand-generating regions in Europe. Customers are looking for solution that has the ability to analyze more compounds in a particular assay.

Standard markets such as F&B require MS instrument because of an increase in chances of contamination of vegetables and fruits, farming practices, and animal husbandry; in environmental testing for water treatment; and in life science sector for the pharmaceuticals development. Because of the technology of mass spectrometry, it is specific to a particular type of compound. However, over time, instruments have got more improved, software more developed, and has been adopted in labs that serve industries mentioned above for various applications. Germany, the UK, Italy, France, and Switzerland are the top 5 regions constituting 61.1% of the total European revenue; other European countries in this study that include Benelux, Sweden, Russia, Central Europe, Denmark, Spain, Iberia, and Scandinavia comprise the rest. Increase in stringent regulations relevant to environment, food, and drug quality is one of the important drivers in the European mass spectrometry market. In terms of applications of MS, food, environmental, pharma, and government and academic research institutions are the top 4 European end-user industries.

Key Issues Addressed

  • Is the market growing, how long will it continue to grow and at what rate?
  • What are the key markets in Europe that will have the fastest growth?
  • Who are the key competitors and what are their market strengths?
  • What are the key pricing trends in the market that impacts its growth?
  • Are the products/services offered today meeting customer needs or is additional development needed?
  • Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Key Questions this Study will Answer

Market Segmentation by Product

Market Segmentation by Country

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Unit Shipment Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends Forecast

Pricing Trends Forecast Discussion

Percent Revenue Forecast by Country

Revenue Forecast by Country

Revenue Forecast Discussion by Country

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Market Share Analysis (continued)

Competitive Environment

Growth Opportunity 1—Data Analysis

Growth Opportunity 2—Remote Operations

Strategic Imperatives for Success and Growth

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on Study Topic

List of Companies in “Others”

Partial List of Companies Interviewed

Learn More—Next Steps

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The European mass spectrometry market is mature and is expected to witness a CAGR of 7.2% from 2018 to 2025. The base year of the study is 2018 with a forecast period from 2019 to 2025. Single quadruple LC-MS, tandem LC-MS, GC-MS, TOF LC-MS, MALDI TOF MS, ICP-MS, and portable mass spectrometry are the different mass spectrometer configuration included in the study. The current and future focus on technological advancements in this market is to design instruments capable of performing faster analysis than the previous version with better selectivity and sensitivity to not only detect target compounds but also unknown compounds that researchers are not aware about. In all, 90% of the mass spectrometers in the market are benchtop laboratory equipment. Introducing process equipment that are as sophisticated and accurate as benchtop will aid manufacturers capture more business due to limited solutions currently available in the market. Another solution to field testing is by incorporating features for remote operations in laboratory equipment, thereby completing primary tests in the field using sensors, followed by back-end in-depth computation at the lab for final results. From the large volume of data available, meaningful data can be extracted that will benefit scientists in their experimental studies. Among the end-user industries in Europe that have high growth, environmental, F&B, and pharma are a few that are expected to have constant growth in Europe. This is because of ever-growing population, increased need to reduce mortality rate with medication, and plethora of regulations to protect the environment and food. Germany and France are the demand-generating regions in Europe. Customers are looking for solution that has the ability to analyze more compounds in a particular assay. Standard markets such as F&B require MS instrument because of an increase in chances of contamination of vegetables and fruits, farming practices, and animal husbandry; in environmental testing for water treatment; and in life science sector for the pharmaceuticals development. Because of the technology of mass spectrometry, it is specific to a particular type of compound. However, over time, instruments have got more improved, software more developed, and has been adopted in labs that serve industries mentioned above for various applications. Germany, the UK, Italy, France, and Switzerland are the top 5 regions constituting 61.1% of the total European revenue; other European countries in this study that include Benelux, Sweden, Russia, Central Europe, Denmark, Spain, Iberia, and Scandinavia comprise the rest. Increase in stringent regulations relevant to environment, food, and drug quality is one of the important drivers in the European mass spectrometry market. In terms of applications of MS, food, environmental, pharma, and government and academic research institutions are the top 4 European end-user industries.--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing, how long will it continue to grow and at what rate?
  • What are the key markets in Europe that will have the fastest growth?
  • Who are the key competitors and what are their market strengths?
  • What are the key pricing trends in the market that impacts its growth?
  • Are the products/services offered today meeting customer needs or is additional development needed?
  • Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?
More Information
No Index No
Podcast No
Author Srividhya Murali
Industries Test and Measurement Instrumentation
WIP Number K3BB-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9ACC-A5