Portable Mass Spectrometer Market– By Product Type (Single Mass Spectrometer, (Ion Trap, Quadrupole, Time-of-Flight (ToF), Orbitrap, Inductively Coupled Plasma Mass Spectrometer (ICP-MS), Thermal Ionization Mass Spectrometer (TIMS), Others, Hybrid Mass Spectrometer, Quadrupole ToF, Quadrupole Ion Trap, Linear Ion Trap Orbitrap, Fourier Transform Ion Cyclotron Resonance Mass Spectrometer, Triple Quadrupole, Quadrupole Orbitrap, Matrix-Assisted Laser Desorption/Ionization (MALDI) ToF, Others)), By Design, (Handheld, Benchtop, Standalone, Others), By System Type, (Uncoupled Mass Spectrometer, Coupled, Gas Chromatography-Mass Spectrometer, Liquid Chromatography Mass Spectrometer), By Area of Use, (Laboratory Analysis, Continuous Online Monitoring & Analysis), By Application, (Clinical Analysis, Forensic Analysis, Food Safety & Testing Analysis, Environmental Monitoring, Drug Discovery Research, Geological Analysis, Biochemistry, Process Monitoring, Polymers Analysis, Material Analysis, Others), By End User, (Semiconductor and Electronics, Food and Beverage, Metal Processing, Mining, Chemicals, Oil and Gas, Petrochemical, Law Enforcement, Defense, & First Responders, Testing, Inspection & Certification (Service Providers), Medical, Pharmaceutical, Ceramics and Plastics, Waste and Water Treatment Utilities, Institutes and Research Centers, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.
Portable Mass Spectrometer Market Overview:
Portable
Mass Spectrometer Market size is estimated to reach $6 billion by 2030, growing
at a CAGR of 12.8% during the forecast period 2023-2030. A portable mass
spectrometer is a research analytical tool used to determine the precise
molecular weight of the sample's constituent parts and track changes in a
physical attribute across a predetermined range or spectrum. Science,
nanotechnology, and the food and beverage sectors all use portable mass
spectrometers. The primary driver of market expansion is the rising demand for
portable mass spectrometers in pharmaceutical and biomedical R&D. The European Federation of Pharmaceutical
Industries and Association reports that pharmaceutical sales in Europe account
for 23.4% of all sales which is anticipated rising the demand for portable mass
spectrometers during the forecast period 2023-2030.
Additionally, Point-of-care
testing settings including medical diagnostics, environmental monitoring, and
food safety are increasingly using portable mass spectrometers. Their capacity
to deliver quick and precise findings right at the testing site is a key growth
driver.
Market Snapshot:
Portable Mass Spectrometer Market- Report
Coverage:
The “Portable Mass Spectrometer Market Report - Forecast (2023-2030)” by IndustryARC, covers an
in-depth analysis of the following segments in the Portable Mass Spectrometer
Market.
Attribute |
Segment |
By Product Type |
●
Single
Mass Spectrometer, (Ion Trap, Quadrupole, Time-of-Flight (ToF), Orbitrap,
Inductively Coupled Plasma Mass Spectrometer (ICP-MS), Thermal Ionization
Mass Spectrometer (TIMS), and Others.) ● Hybrid
Mass Spectrometer, (Quadrupole ToF, Quadrupole Ion Trap, Linear Ion Trap
Orbitrap, Fourier Transform Ion Cyclotron Resonance Mass Spectrometer, Triple
Quadrupole, Quadrupole Orbitrap, Matrix-Assisted Laser Desorption/Ionization
(MALDI) ToF, Others.) |
By Design |
●
Handheld ●
Benchtop ●
Standalone |
By System Type |
●
Uncoupled
Mass Spectrometer ●
Coupled ● Gas Chromatography-Mass Spectrometer ● Liquid Chromatography Mass Spectrometer |
By Area of Use |
●
Laboratory
Analysis ● Continuous
Online Monitoring & Analysis |
By Application |
●
Clinical
Analysis ●
Forensic
Analysis ●
Food
Safety & Testing Analysis ●
Environmental
Monitoring ●
Drug
Discovery Research ●
Geological
Analysis ●
Biochemistry ●
Process
Monitoring ●
Polymers
Analysis ●
Material
Analysis ●
Others |
By End-User |
●
Semiconductor
and Electronics ●
Food
and Beverage ●
Metal
Processing ●
Mining ●
Chemicals ●
Oil
and Gas ●
Petrochemical ●
Law
Enforcement ●
Defense
& First Responders ●
Testing ●Inspection
& Certification (Service Providers) ●
Medical ●
Pharmaceutical ●
Ceramics
and Plastics ●
Waste
and Water Treatment Utilities ●
Institutes
and Research Centers ●
Others |
By Geography |
●
North
America ●
South
America ●
Europe ●
APAC ●
Middle
East & Africa |
COVID-19 / Ukraine Crisis - Impact Analysis:
● The effects of the Covid-19
pandemic, the temporary suspension of research operations and the change in
attention by many end-users to the creation of COVID-19 vaccines caused a
considerable slowdown in the growth of the worldwide portable mass spectrometer
market. But the start of massive vaccination campaigns relaxed the curfew and
travel restrictions, which allowed a number of enterprises to resume. These
elements are anticipated to propel the market throughout the forecast period.
● Russia's invasion of Ukraine in
2022, Trade and technology may be impacted if the war between Russia and
Ukraine got worse or had serious economic effects. The market for portable mass
spectrometers may be impacted by the war in the following ways. If the war led
to disruptions in global supply networks, this may have an effect on the
production and delivery of several components and materials required to
construct portable mass spectrometers. This disagreement may cause production
delays and severe price increases.
● Key Takeaways:
● Highest Market Share of North America Region
Geographically, in the global Portable Mass
Spectrometer Market share, North America is analyzed to grow with the highest market
share of 31% in 2022. The growing demand in the pharmaceutical industry is the main
factor projected to fuel the growth of the portable mass spectrometers market. According
to the European Federation of Pharmaceutical Industries and Association, In
2021, North America accounted for 49.1% of world pharmaceutical sales compared
with 23.4% for Europe. This is due to the fact that various pharmaceutical
firms are placing more and more emphasis on the creation of new drugs. Large
pharmaceutical corporations like Novartis International AG and Pfizer have made
significant investments in a variety of research projects pertaining to
pharmaceutical product development and vaccine production. For instance, PhRMA
has allocated over $102.38 billion for its 2022 R&D initiatives.
● Hybrid Mass Spectrometer Segment to Register the Highest Growth
In the Portable Mass Spectrometer Market Analysis,
the Hybrid Mass Spectrometer segment is estimated to grow with the highest CAGR of
13.2% during the forecast period 2023-2030. Multiple mass analyzers are
combined in a single device by hybrid mass spectrometers, also known as tandem
mass spectrometers or MS/MS systems. By sequentially isolating and analyzing
ions according to their m/z values, these systems make it possible to analyze
complex combinations. Because they can carry out numerous stages of mass
analysis, hybrid mass spectrometers have better selectivity and sensitivity
than single mass spectrometers, thereby driving their use.
●
Drug Discovery Research Segment to
Register the Highest Growth
The widespread usage of these instruments in
forensic science applications such as arson investigation, analysis of trace
evidence, identification of explosive residues, and confirmation of drug abuse
is what is driving the global market for portable spectrometers. Additionally,
there is a growing need for portable spectrometers in the global market due to
the continuous discovery of new materials, chemicals, or compounds as well as
the requirement to swiftly and precisely identify even minute quantities of
these compounds.
●
The Rise in the Geriatric Population is a Key Factor Driving the
Market Growth.
Some of the most prevalent
microbiological diseases affecting older populations include skin infections,
bacterial pneumonia, influenza, urinary tract infections, and gastrointestinal
infections. The aged population is furthermore routinely subjected to
diagnostic procedures like microbiological testing because of their poor
immunity and metabolism. As a result, it is anticipated that the market will
increase throughout the forecast period due to the growing elderly population.
●
Increasing Demand for Portable Mass Spectrometers.
In contrast to conventional
mass spectrometer systems, which are relatively huge and cumbersome, a number
of manufacturers on the market now provide compact permanent magnets that make
mass spectrometers easier to handle. For instance, Thermo Fisher Scientific’s
Prima BT Benchtop Mass Spectrometer has a number of benefits, including as
best-in-class resolution, automatic sampling, and simple sample introduction.
As a result, market expansion is anticipated to be fueled by the advantages
throughout the forecast period.
●
The Lack of Imaging Capabilities is a Significant Challenge
Restraining Market Growth.
Molecular imaging techniques
are a frequently used strategy in pharmaceutical research as well as the
development and identification of biomarkers since they let researchers see the
biological and anatomical properties of these molecules. One limitation of
these spectrometers is their inability to do such imaging procedures.
Therefore, it is estimated that these limitations will prevent the mass
spectrometry market from expanding during the course of the projected time.
Portable Mass Spectrometer Market Share (%) By
Region, 2022
Key Market Players:
Product/Service
launches, approvals, patents and events, acquisitions, partnerships, and
collaborations are key strategies adopted by players in the Portable Mass
Spectrometer Market. The top 10 companies in this industry are listed below:
- Agilent Technologies, Inc. (Agilent)
- Thermo Fisher Scientific Inc. (Thermo Fisher)
- ABB Ltd. (ABB)
- Metrohm AG. (Metrohm)
- Perkinelmer Inc. (Perkinelmer)
- Bruker Corporation (Bruker)
- Jasco Corporation (Jasco)
- Hitachi High-Tech Corporation (Hitachi)
- MKS Instruments, Inc. (MKS)
- Anton Paar GmbH (Anton Paar)
Scope of Report:
Report Metric |
Details |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
CAGR |
12.8% |
Market Size in 2030 |
$6 billion |
Segments Covered |
Product Type, Design, System Type, Area of Use,
Application, End-User and Geography |
Geographies Covered |
North America, South
America, Europe, APAC, Middle East & Africa |
Key Market Players |
|
The Portable Mass Spectrometer Market is projected to grow at 12.8 % CAGR during the forecast period 2023-2030.
Global Portable Mass Spectrometer Market size is estimated to be $XX billion in 2023 and is projected to reach $6 billion by 2030.
The leading players in the Portable Mass Spectrometer Market are Intel Corp., Micron Technology Inc., Samsung Electronics Co. Ltd., SanDisk Corp., Toshiba Corp. Agilent Technologies, Inc., Thermo Fisher Scientific Inc., ABB Ltd., Metrohm AG, Perkinelmer Inc. and others.
Mass spectrometers are being reduced in size to make them more portable and useful. Some of the major Portable Mass Spectrometer Market trends in the industry that will create growth opportunities for the market during the forecast period include manufacturers concentrating on lowering the size and weight of devices without sacrificing analytical capabilities in order to enable researchers to use this equipment in the fieldGrowing applications sectors, growing end-user industries are some of the major Portable Mass Spectrometer Market trends in the industry which will create growth opportunities for the market during the forecast period.
Increasing Demand for Portable Mass Spectrometers, and the Rise in the Geriatric Population is a key factor driving the Market Growth are the driving factors of the market.