Market Overview:
The global LC-MS market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for LC-MS systems from academic and pharmaceutical research institutes, and the growing need for food safety and quality control. In addition, the increasing use of LC-MS systems in forensic investigations is also contributing to the growth of this market. However, factors such as high cost of these systems and lack of skilled professionals are restraining the growth of this market. On the basis of type, single quadrupole LC-MS held a major share in 2017 owing to its low cost and easy operability as compared to other types such as triple quadrupole LC-MS and ion trap LC-MS.
Product Definition:
LC-MS is a technique used to analyze the chemical composition of a sample. It is used to identify and quantify the components of a sample. LC-MS can be used to detect small molecules, peptides, and proteins. The importance of LC-MS is that it can provide detailed information about the composition of a sample.
Single Quadrupole LC-MS:
Single Quadrupole LC-MS (SP-LC-MS) is a new generation liquid chromatography/mass spectrometry system. It offers high speed, higher resolution and mass accuracy over traditional tandem quadrupole (Q4T) LC/MS systems.
The key factor that differentiates single quadrupole from the conventional Q4T is its ability to separate chiral compounds and resolve enantiomers in racemic mixtures.
Triple Quadrupole LC-MS:
Triple quadrupole LC-MS is an advanced liquid chromatography system that allows the separation of molecules based on their molecular weight. It is a high performance and robust system, which can separate compounds based on different polarity and ionic strength.
Application Insights:
The academic sector dominated the global market in terms of revenue share in 2017. This is attributed to increasing number of research projects and initiatives undertaken by various organizations, governments, and institutions for developing new applications for LC-MS techniques. For instance, as per an article published by Chemical & Engineering News (A&E), it was estimated that around 15% to 20% of the total R&D expenditure goes into developing novel technologies. Similarly, a study carried out by EurekAlert! states that around 11% to 13% of total R&D budget is spent on environmental sciences annually. Thus, it can be concluded that there is a high demand for innovative technologies related to LC-MS in academic applications across the globe.
Pharma application segment accounted for over 21% share in 2017 owing to extensive use of liquid chromatography coupled with mass spectrometry techniques throughout drug discovery and development processes from compound identification till clinical trials phases.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to presence of a large number of key players, increasing R&D investments by these companies and well-established healthcare infrastructure. Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income, improving healthcare facilities and growing pharmaceutical industry in this region. Moreover, government initiatives such as “Make in India†campaign by Indian government are expected to create ample opportunities for foreign investors especially from Germany and Switzerland who have been investing heavily in this sector since last few years due to which ion source manufacturers are also coming up with new products catering this regional demand for LC-MS equipment.
Moreover, Latin America has also witnessed significant increase in research activities across various sectors including biotechnology & pharmaceuticals industries resulting into high demand for LC instrumentsation coupled with MS techniques that will fuel the regional market growth during the forecast period.
Growth Factors:
- Increasing demand for LC-MS in the pharmaceutical and biotechnology industries for drug discovery and development.
- Rising demand from academic research institutes for proteomics and metabolomics research.
- Growing use of LC-MS in food safety testing and environmental monitoring.
- Increasing application of LC-MS in forensics and law enforcement agencies for forensic analysis purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
LC-MS Market Research Report
By Type
Single Quadrupole LC-MS, Triple Quadrupole LC-MS, Ion Trap LC-MS, Others
By Application
Academic, Pharma, Food & Environment & Forensic, Clinical
By Companies
Thermo Fisher Scientific, Waters, Agilent Technologies, Shimadzu, PerkinElmer, SCIEX, Bruker, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global LC-MS Market Report Segments:
The global LC-MS market is segmented on the basis of:
Types
Single Quadrupole LC-MS, Triple Quadrupole LC-MS, Ion Trap LC-MS, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Academic, Pharma, Food & Environment & Forensic, Clinical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher Scientific
- Waters
- Agilent Technologies
- Shimadzu
- PerkinElmer
- SCIEX
- Bruker
- ...
Highlights of The LC-MS Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Quadrupole LC-MS
- Triple Quadrupole LC-MS
- Ion Trap LC-MS
- Others
- By Application:
- Academic
- Pharma
- Food & Environment & Forensic
- Clinical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LC-MS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LC-MS is an acronym for liquid chromatography mass spectrometry. It is a powerful analytical technique that can be used to identify and quantify molecules in a sample. LC-MS can be used to analyze both small and large samples, making it a versatile tool for research and drug development.
Some of the major companies in the lc-ms market are Thermo Fisher Scientific, Waters, Agilent Technologies, Shimadzu, PerkinElmer, SCIEX, Bruker.
The lc-ms market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LC-MS Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LC-MS Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LC-MS Market - Supply Chain
4.5. Global LC-MS Market Forecast
4.5.1. LC-MS Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LC-MS Market Size (000 Units) and Y-o-Y Growth
4.5.3. LC-MS Market Absolute $ Opportunity
5. Global LC-MS Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LC-MS Market Size and Volume Forecast by Type
5.3.1. Single Quadrupole LC-MS
5.3.2. Triple Quadrupole LC-MS
5.3.3. Ion Trap LC-MS
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LC-MS Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LC-MS Market Size and Volume Forecast by Application
6.3.1. Academic
6.3.2. Pharma
6.3.3. Food & Environment & Forensic
6.3.4. Clinical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LC-MS Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LC-MS Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LC-MS Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LC-MS Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LC-MS Demand Share Forecast, 2019-2029
9. North America LC-MS Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LC-MS Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LC-MS Market Size and Volume Forecast by Application
9.4.1. Academic
9.4.2. Pharma
9.4.3. Food & Environment & Forensic
9.4.4. Clinical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LC-MS Market Size and Volume Forecast by Type
9.7.1. Single Quadrupole LC-MS
9.7.2. Triple Quadrupole LC-MS
9.7.3. Ion Trap LC-MS
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LC-MS Demand Share Forecast, 2019-2029
10. Latin America LC-MS Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LC-MS Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LC-MS Market Size and Volume Forecast by Application
10.4.1. Academic
10.4.2. Pharma
10.4.3. Food & Environment & Forensic
10.4.4. Clinical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LC-MS Market Size and Volume Forecast by Type
10.7.1. Single Quadrupole LC-MS
10.7.2. Triple Quadrupole LC-MS
10.7.3. Ion Trap LC-MS
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LC-MS Demand Share Forecast, 2019-2029
11. Europe LC-MS Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LC-MS Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LC-MS Market Size and Volume Forecast by Application
11.4.1. Academic
11.4.2. Pharma
11.4.3. Food & Environment & Forensic
11.4.4. Clinical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LC-MS Market Size and Volume Forecast by Type
11.7.1. Single Quadrupole LC-MS
11.7.2. Triple Quadrupole LC-MS
11.7.3. Ion Trap LC-MS
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractieness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LC-MS Demand Share, 2019-2029
12. Asia Pacific LC-MS Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LC-MS Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LC-MS Market Size and Volume Forecast by Application
12.4.1. Academic
12.4.2. Pharma
12.4.3. Food & Environment & Forensic
12.4.4. Clinical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LC-MS Market Size and Volume Forecast by Type
12.7.1. Single Quadrupole LC-MS
12.7.2. Triple Quadrupole LC-MS
12.7.3. Ion Trap LC-MS
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LC-MS Demand Share, 2019-2029
13. Middle East & Africa LC-MS Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LC-MS Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LC-MS Market Size and Volume Forecast by Application
13.4.1. Academic
13.4.2. Pharma
13.4.3. Food & Environment & Forensic
13.4.4. Clinical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LC-MS Market Size and Volume Forecast by Type
13.7.1. Single Quadrupole LC-MS
13.7.2. Triple Quadrupole LC-MS
13.7.3. Ion Trap LC-MS
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LC-MS Demand Share, 2019-2029
14. Competition Landscape
14.1. Global LC-MS Market: Market Share Analysis
14.2. LC-MS Distributors and Customers
14.3. LC-MS Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermo Fisher Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Waters
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Agilent Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shimadzu
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PerkinElmer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SCIEX
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bruker
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
