The global mass spectrometry market was valued at $4,948.3 million in 2015, and is expected to grow at a CAGR of 8.1% during the forecast period (2016–2022).
“The increasing focus on food safety is a key factor fuelling the demand for mass spectrometry across the world”. As per many reports and surveys conducted by healthcare and food and beverage companies, chemicals, pathogens, and toxins present in the food items are majorly responsible for many diseases around the world. A major factor responsible for the contamination of food items is the quality of water used in their processing. Thus, with the growing public awareness regarding food safety, the requirement of mass spectrometry is rapidly rising across the world.
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Apart from the above-mentioned factors, the rapid technological developments in mass spectrometry systems and the ballooning focus of pharmaceutical organizations on attaining good distribution practice (GDP) and good manufacturing practice (GMP) certifications is also propelling the demand for mass spectrometry all over the world. Due to these factors, “the global mass spectrometry market attained a revenue of $4,948.3 million in 2015”. Furthermore, the market is predicted to demonstrate a CAGR of 8.1% from 2016 to 2022, as per the forecasts of P&S Intelligence, a market research company based in India.
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Academic and research institutes, life sciences and biotechnology sectors, hospitals, and pharmaceuticals are the main categories present under the end user segmentation of the mass spectrometry market. Out of these, “the highest usage of mass spectrometry is predicted to be observed in the pharamaceutical organizations in the future years”, owing to which, the pharmaceuticals category will register the highest growth in the market in future. There are mainly two types of mass spectrometry platforms used in these settings— single and hybrid. Between the two, “the utilization of the hybrid platforms would be higher in the coming years”.
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