Technological innovation widens global application of mass spectrometry
Double-digit growth in Asia-Pacific and emerging markets to offset stagnation in US and Europe
The global mass spectrometry (MS) market is growing much faster than the high-end analytical instrumentation market. This is a sign that demand is high in this technologically-dynamic market with broad applications and diversified end-user bases despite limited capital budgets in academia and the economic uncertainty in the U.S. and Europe.
New analysis from Frost & Sullivan’s Global Mass Spectrometry Market finds the market earned revenue of $1.7 billion in 2012 and estimates this to reach $2.5 billion in 2017. This analysis covers MS and liquid chromatography-MS (LC/MS) instruments, which include single quadrupole LC/MS, tandem LC/MS (triple quadrupole and ion trap), time-of-flight (TOF) LC/MS, and matrix-assisted laser desorption ionization (MALDI)-TOF.
The substantial number of mass spectrometers that entered the market over the past two years illustrates both the fast pace of technological advancements, particularly in triple quadrupole LC/MS and Q-TOF, and the strong demand for these platforms. Several product launches with substantial improvements in sensitivity, resolution, speed and throughput are spurring high-end customers to upgrade instruments more often to avoid obsolete platforms.
“Strong research and development efforts by equipment manufacturers – a testament to the large market opportunity – have enabled improved qualitative and quantitative capabilities, giving rise to new applications,” said Frost & Sullivan Life Sciences Senior Industry Analyst Christi Bird. “The increasing acceptance of MS in clinical diagnostics, applied testing in emerging economies, and its expanding use along the drug development pipeline are driving the market.”
Despite the push to further enlarge the customer base by widening the instrument pricing range, mass spectrometers remain expensive and therefore, cost-prohibitive for many laboratories. In the U.S., sequestration measures and lack of funds from the American Recovery and Reinvestment Act grant compel MS suppliers to rely heavily on the more stable pharmaceutical, biotechnology, applied and industrial sectors, as well as emerging geographical regions for growth. However, the U.S. market offers the most potential for early clinical acceptance.
Suppliers continue to find pockets of growth by integrating multiple technologies, developing clinically-focused instruments, and diminishing performance trade-offs. In addition, competitors are looking to adopt the general life science trend of miniaturization to bring the technology to lower-budget laboratories.
“Instrument suppliers have yet to successfully bring MS technologies to lower-budget laboratories in the way that qPCR, flow cytometry and other genomics and proteomics vendors have,” reflected Bird. “Once budget conditions improve for small- to mid-size laboratories, suppliers will shift attention to developing stripped-down, lower throughput, personal MS instruments with a smaller footprint and corresponding price tags that will appeal to a larger consumer base.”
For now, strong growth in the Asia-Pacific and rest-of-world regions will help offset lower growth in other regions. The overall market is also expected to see a rise in mergers and acquisitions and partnership activity between MS and diagnostic companies in order to develop advanced products and gain early market share and brand awareness in the clinical community.
Other news from the department business & finance
These products might interest you
isoprime precisION by Elementar Analysensysteme
isoprime precisION stable isotope ratio mass spectrometer
The most flexible, yet powerful isotope ratio mass spectrometer ever created
IonTamer ToF MS by Spacetek Technology
IonTamer instruments are time-of-flight residual gas analysers (TOF-RGA) for the analysis of gases
Compact Time-of-flight residual gas analyzer (TOF-RGA) for process analysis
HPR-20 OEMS, Online Electrochemical Mass Spectrometer by Hiden Analytical
Online monitoring and quantification of evolved gases and vapours from electrochemical processes
A complete gas analysis solution, designed to integrate seamlessly with electrochemical applications
PlasmaQuant MS Elite by Analytik Jena
LC-ICP-MS Is the Key to the World of Elemental Species
Highest Sensitivity and Lowest Detection Limits with PlasmaQuant MS Series and PQ LC
NexION® 5000 by PerkinElmer
NexION 5000 Multi-Quadrupole ICP Mass Spectrometer
NexION 5000 Multi-Quadrupole ICP Mass Spectrometer
Xevo TQ Absolute by Waters
A new Tandem Quadrupole Mass Spectrometer for Quantification with Absolute power
Absolute performance, efficiency, productivity, and confidence for your most challenging compounds
CATLAB Catalysis and Thermal Analysis by Hiden Analytical
A system for catalyst characterisation, kinetic and thermodynamic measurements
Integrated Microreactor-Mass Spectrometer for Reaction Testing, TPD/R/O and Pulse Chemisorption.
HPR-20 R&D by Hiden Analytical
A specialist benchtop triple filter mass spectrometer for the monitoring of evolved gases & vapours
Providing improved resolution & abundance sensitivity with an ultimate detection limit of 5 ppb sub
iCAP RQ single Quadrupole ICP-MS by Thermo Fisher Scientific
Robust ICP-MS with ease of use and high productivity for routine analysis
A complete multi-element analysis solution for your high-throughput routine laboratory
iCAP TQ Triple Quadrupole ICP-MS by Thermo Fisher Scientific
Overcome unexpected interferences, reduce detection limits and improve data quality
Ultralow limits of detection with simplicity - even for the most challenging analytical applications
BIOS ANALYTIQUE - Soluciones de Renting y Leasing para laboratorios by Bios Analytique
Specialists in the rental and leasing of scientific equipment for laboratories throughout Europe
Whether you have an unexpected requirement or limited budget, we have the perfect solution for you
Orbitrap Exploris GC Mass Spectrometer by Thermo Fisher Scientific
Orbitrap Exploris GC-MS simplifies operations and offers new opportunities for analytical testing
Keep pace with changing demands, maximize system uptime, and expand laboratory capability.
Thermo Scientific TSQ Triple Quadrupole Mass Spectrometry Systems by Thermo Fisher Scientific
Confident quantitation with triple quadrupole LC-MS systems
Mass Spectrometry Systems
TSQ 9610 GC-MS/MS by Thermo Fisher Scientific
TSQ 9610 GC-MS/MS for superb sensitivity and selectivity with outstanding reliable productivity
Eliminate unnecessary, unplanned instrument downtime, save helium and maximize productivity
expression® Compact Mass Spectrometer by Advion Interchim Scientific
Mass Spectrometry for Chemists: Fast, Easy, Prep-Free Reaction Monitoring at the Bench
Featuring a variety of sample introduction techniques that also allow TLC/MS & direct probe analysis
JEOL JMS-T2000GC AccuTOF GC-Alpha Time-of-Flight Mass Spectrometer by JEOL
A new era of mass spectrometry for your fast forward daily lab routine:
Welcome JEOL AccuTOF GC-Alpha
Stop wrong hypotheses and uneconomic loops! Precise data without compromise is now.
Most read news
More news from our other portals
See the theme worlds for related content
Topic World Spectroscopy
Investigation with spectroscopy gives us unique insights into the composition and structure of materials. From UV-Vis spectroscopy to infrared and Raman spectroscopy to fluorescence and atomic absorption spectroscopy, spectroscopy offers us a wide range of analytical techniques to precisely characterize substances. Immerse yourself in the fascinating world of spectroscopy!
Topic World Spectroscopy
Investigation with spectroscopy gives us unique insights into the composition and structure of materials. From UV-Vis spectroscopy to infrared and Raman spectroscopy to fluorescence and atomic absorption spectroscopy, spectroscopy offers us a wide range of analytical techniques to precisely characterize substances. Immerse yourself in the fascinating world of spectroscopy!
Topic World Mass Spectrometry
Mass spectrometry enables us to detect and identify molecules and reveal their structure. Whether in chemistry, biochemistry or forensics - mass spectrometry opens up unexpected insights into the composition of our world. Immerse yourself in the fascinating world of mass spectrometry!
Topic World Mass Spectrometry
Mass spectrometry enables us to detect and identify molecules and reveal their structure. Whether in chemistry, biochemistry or forensics - mass spectrometry opens up unexpected insights into the composition of our world. Immerse yourself in the fascinating world of mass spectrometry!
Topic World Chromatography
Chromatography enables us to separate, identify and thus understand complex substances. Whether in the food industry, pharmaceutical research or environmental analysis - chromatography opens up a treasure trove of information about the composition and quality of our samples. Discover the fascinating world of chromatography!
Topic World Chromatography
Chromatography enables us to separate, identify and thus understand complex substances. Whether in the food industry, pharmaceutical research or environmental analysis - chromatography opens up a treasure trove of information about the composition and quality of our samples. Discover the fascinating world of chromatography!