Europe Mass Spectroscopy Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Mass Spectroscopy Market Analysis
The Europe mass spectroscopy market is expected to register a CAGR of 6.5% over the forecast period.
Mass spectroscopy devices are mainly used in research and development activities in different industrial areas such as pharmaceuticals, life sciences, food, and others. As there were lockdown restrictions around the world due to the COVID-19 pandemic, these activities were negatively impacted and thus affected the mass spectrometry market. Mass spectrometry devices were used in the detection and analysis of COVID-19 samples which had a considerable positive impact on the market studied. For instance, an article by a journal, namely Healthcare in Europe, published in November 2020, mentioned that the United Kingdom biotech laboratory used mass spectroscopy in an approach to Coronavirus testing. In addition, MAP Sciences developed a gargle test, which collects samples from the back of the throat, and avoids the unpleasant sensation of the PCR swab tests. From there, the sample is tested for COVID testing mass spectroscopy with high levels of accuracy. Thus COVID-19 had a mixed impact on the growth of the market during the pandemic period. However, currently, the market has reached its pre-pandemic state in terms of the use of mass spectroscopy devices and is expected to witness healthy growth over the forecast period.
Key factors propelling the market growth include technological advancements and increased pharmaceutical and biotechnological compounds in the pipeline. Technological advancements in mass spectrometry are enabling new product launches from key players. For instance, in June 2022, Shimadzu introduced new mass spectrometers in the global market. Additionally, in June 2022, Agilent Technologies Inc. announced new LC/MS and GC/MS quadrupole mass spectrometers in the global market. The Agilent 6475 triple quadrupole LC/MS system, 5977C GC/MSD, plus the 7000E GC/TQ and the 7010C GC/TQ represent the latest revolution in Agilent's 50-plus year history in mass spectrometry.
In addition, in April 2021, bioMérieux, a French company, announced the CE-marking of the new MALDI-TOF mass spectrometry identification system, VITEK MS PRIME, in the European market. With the new launch of mass spectrometry by key European companies such as bioMerieux and Agilent Technologies, the market studied is believed to witness strong growth in coming years.
Thus the above-mentioned factors are expected to drive the demand during the forecast period in Europe. However, the lack of skilled technicians and the high cost of mass spectrometry equipment are restraining the market growth.
Europe Mass Spectroscopy Market Trends
This section covers the major market trends shaping the Europe Mass Spectrometry Market according to our research experts:
Triple Quadrupole (Tandem Mass Spectrometry Devices) Segment is Expected to Dominate the Market over the Forecast Period
Triple Quadrupole mass spectrometry devices are currently in high demand due to their wide applications and ease of use. Conventional hospital diagnostic assays are based on clinical chemistry and immunoassay techniques that require analyte-specific reagents and antibodies. The combination of liquid chromatography and tandem mass spectrometry allows unequivocal identification of traces of antibiotics and antibacterial agents in complex biological matrices. The increasing research in genetics, especially proteomics and the application of Tandem MS for the same, is propelling the growth of the market. The tandem mass spectrometry market has immense opportunities in various industries for several applications, like environmental water sampling (detection of contaminants, pesticides), clinical diagnostics, etc.
With the technological advancement in mass spectrometry and other analytics techniques, the key companies in the market are coming up with new product launches, which is one of the factors responsible for the growth of the segment. For instance, in June 2022, Agilent Technologies Inc. revealed its Agilent 6475 triple quadrupole LC/MS system along with another instrument at the 70th ASMS Conference on Mass Spectrometry and Allied Topics, and as per the company, the Agilent 6475 triple quadrupole LC/MS system is the next evolution in a sensitive, rugged, robust mass spectrometer. The 6475 incorporates intelligent reflex, an automated sample reinjection function that intelligently 'reflexes' to specific analysis conditions providing immediate validation of results, further improving the speed of analysis and reducing operator involvement
Hence, from the abovementioned factors, the Triple Quadrupole mass spectrometer is expected to witness healthy growth over the forecast period. High investment in the research and development activities by pharmaceutical and biotechnology companies and new technological advancements in mass spectrometer devices will also boost the growth of the studied market during the forecast period.
Germany is Expected to Hold a Significant Share in the Market Over the Forecast Period
Germany holds a major share in the mass spectrometry market and is expected to show a similar trend over the forecast period mainly due to the increased funding for mass spectrometry, research and development activities related to mass spectrometry, widespread usage of mass spectrometer instruments in the life sciences, and the presence of key market players in the region. According to the data from OECD published in November 2022, the R&D spending in Germany was around USD 7,382.9 per capita. The high R&D expenditure indicates increased spending on crucial technologies such as mass spectrometry.
Additionally, the strategic activities of the key market players are expected to drive the growth of the studied market in Germany. For instance, in August 2021, the Organic Mass Spectroscopy team at Thermo Fisher Scientific Bremen, Germany, took initiative for a sustainable future in mass spectroscopy and announced the ambitious IsoFootprint Project. The IsoFootprint Project is an initiative to remove all CO2 emissions associated with the manufacturing and production of all new instruments. Such initiatives are expected to contribute to the growth of the market over the forecast period in Germany.
In September 2021, the first Net Zero Mass Spectrometer was launched to Support Greener Future in Germany. The Thermo Scientific Delta Q Isotope Ratio Mass Spectrometer (IRMS) is a next-generation gas IRMS designed to enable detailed analysis with greater precision and accuracy. Thus, owing to the above factors, the market is expected to grow in Germany during the forecast period.
Europe Mass Spectroscopy Industry Overview
Key players in the market are focusing on the development of their product portfolios, acquisition of emerging players, and distribution agreements to increase their geographical presence. Some of the key firms dominating the market are Agilent Technologies Inc., Danaher Corporation, Perkinelmer Inc., Thermo Fisher Scientific Inc., Bruker Corporation, Waters Corporation, Shimadzu Corporation, Leco Corporation, and Dani Instruments SpA.
Europe Mass Spectroscopy Market Leaders
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Thermo Fisher Scientific Inc.
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Bruker Corporation
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Waters Corporation
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Dani Instruments SpA
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Agilent Technologies, Inc.
*Disclaimer: Major Players sorted in no particular order
Europe Mass Spectroscopy Market News
- June 2022: Waters Corporation unveiled new instruments, software, and product enhancements to drive drug discovery and development.
- April 2022: Bruker acquired IonSense, a leader in ambient ionization and developer of the DART ionization source that can analyze many types of samples, including solids, liquids, and gases, in seconds with little to no sample preparation prior to analysis.
Europe Mass Spectroscopy Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increasing Technological Advancement
- 4.2.2 Increased Pharmaceutical and Biotechnological Compounds in Pipeline
-
4.3 Market Restraints
- 4.3.1 High Cost of Instrument
- 4.3.2 Shortage of Skilled Technicians
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4.4 Porter Five Forces
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Technology
- 5.1.1 Hybrid Mass Spectrometry
- 5.1.1.1 Triple Quadrupole (Tandem)
- 5.1.1.2 Quadrupole TOF (Q-TOF)
- 5.1.1.3 FTMS (Fourier Transform Mass Spectrometry)
- 5.1.2 Single Mass Spectrometry
- 5.1.2.1 ION Trap
- 5.1.2.2 Quadrupole
- 5.1.2.3 Time-of-flight (TOF)
- 5.1.3 Other Mass Spectrometry
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5.2 By Application
- 5.2.1 Pharmaceuticals Industry
- 5.2.2 Biotechnology Industry
- 5.2.3 Chemical Industry
- 5.2.4 Other Applications
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5.3 Geography
- 5.3.1 Germany
- 5.3.2 United Kingdom
- 5.3.3 France
- 5.3.4 Italy
- 5.3.5 Spain
- 5.3.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Agilent Technologies Inc.
- 6.1.2 Bruker Corporation
- 6.1.3 Danaher Corporation
- 6.1.4 Dani Instruments SpA
- 6.1.5 Leco Corporation
- 6.1.6 Perkinelmer Inc.
- 6.1.7 Shimadzu Corporation
- 6.1.8 Thermo Fisher Scientific Inc.
- 6.1.9 Waters Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Mass Spectroscopy Industry Segmentation
As per the scope of the report, mass spectroscopy is an analytical chemistry technique used to identify the amount and type of chemical species present in a sample by measuring the mass-to-charge ratio and abundance of gas-phase ions. The scope of the report includes the details of different technology in terms of market importance and revenue share. The Europe Mass Spectroscopy Market is Segmented by Type (Hybrid Mass Spectrometry, Single Mass Spectrometry, Other Mass Spectrometry), Application (Pharmaceutical industry, Biotechnology Industry, Chemical Industry, and Other Applications), and Geography (Germany, United Kingdom, France, Spain, Italy and Rest of Europe). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Technology | Hybrid Mass Spectrometry | Triple Quadrupole (Tandem) |
| Quadrupole TOF (Q-TOF) | ||
| FTMS (Fourier Transform Mass Spectrometry) | ||
| By Technology | Single Mass Spectrometry | ION Trap |
| Quadrupole | ||
| Time-of-flight (TOF) | ||
| By Technology | Other Mass Spectrometry | |
| By Application | Pharmaceuticals Industry | |
| Biotechnology Industry | ||
| Chemical Industry | ||
| Other Applications | ||
| Geography | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe |
Europe Mass Spectroscopy Market Research FAQs
What is the current Europe Mass Spectrometry Market size?
The Europe Mass Spectrometry Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Europe Mass Spectrometry Market?
Thermo Fisher Scientific Inc., Bruker Corporation, Waters Corporation, Dani Instruments SpA and Agilent Technologies, Inc. are the major companies operating in the Europe Mass Spectrometry Market.
What years does this Europe Mass Spectrometry Market cover?
The report covers the Europe Mass Spectrometry Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Mass Spectrometry Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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