Portable Mass Spectrometer Market - Forecast(2024 - 2030)

Report Code: ESR 0812 Report Format: PDF + Excel

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

 In the Portable Mass Spectrometer Market Analysis, the Drug Discovery Research segment is estimated to grow with the highest CAGR of 13.8% during the forecast period 2023-2030. The drug development scientific industry's increasing use of portable spectrometer devices is credited with the expansion of the drug discovery application. Medicinal chemists typically utilize it to track and observe chemical processes while conducting drug production and product validation.

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:

  1. Agilent Technologies, Inc. (Agilent)
  2. Thermo Fisher Scientific Inc. (Thermo Fisher)
  3. ABB Ltd. (ABB)
  4. Metrohm AG. (Metrohm)
  5. Perkinelmer Inc. (Perkinelmer)
  6. Bruker Corporation (Bruker)
  7. Jasco Corporation (Jasco)
  8. Hitachi High-Tech Corporation (Hitachi)
  9. MKS Instruments, Inc. (MKS)
  10. 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

  1. Agilent Technologies, Inc.
  2. Thermo Fisher Scientific Inc.
  3. ABB Ltd.
  4. Metrohm AG
  5. Perkinelmer Inc.
  6. Bruker Corporation
  7. Jasco Corporation
  8. Hitachi High-Tech Corporation
  9. MKS Instruments, Inc.
  10. Anton Paar GmbH
1. Portable Mass Spectrometer Market- Overview
    1.1. Definitions and Scope
2. Portable Mass Spectrometer Market- Executive Summary
3. Portable Mass Spectrometer Market- Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Portable Mass Spectrometer Market- Start-up Companies Scenario
    4.1. Key Start-up Company Analysis by
       4.1.1. Investment
       4.1.2. Revenue
       4.1.3. Venture Capital and Funding Scenario
5. Portable Mass Spectrometer Market– Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Portable Mass Spectrometer Market- Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Portable Mass Spectrometer Market– Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Portable Mass Spectrometer Market– by Product Type (Market Size – $Million/$Billion) 
    8.1. Single Mass Spectrometer
       8.1.1. Ion Trap
       8.1.2. Quadrupole
       8.1.3. Time-of-Flight (ToF)
       8.1.4. Orbitrap
       8.1.5. Inductively Coupled Plasma Mass Spectrometer (ICP-MS)
       8.1.6. Thermal Ionization Mass Spectrometer (TIMS)
       8.1.7. Others
    8.2. Hybrid Mass Spectrometer
        8.2.1. Quadrupole ToF
        8.2.2. Quadrupole Ion Trap
        8.2.3. Linear Ion Trap Orbitrap
        8.2.4. Fourier Transform Ion Cyclotron Resonance Mass Spectrometer
        8.2.5. Triple Quadrupole
        8.2.6. Quadrupole Orbitrap
        8.2.7. Matrix-Assisted Laser Desorption/Ionization (MALDI) ToF
        8.2.8. Others
9. Portable Mass Spectrometer Market– by Design (Market Size – $Million/$Billion) 
    9.1. Handheld
    9.2. Benchtop
    9.3. Standalone
    9.4. Others 
10. Portable Mass Spectrometer Market– by System Type (Market Size – $Million/$Billion)
     10.1. Uncoupled Mass Spectrometer
     10.2. Coupled
     10.3. Gas Chromatography-Mass Spectrometer
     10.4. Liquid Chromatography Mass Spectrometer 
11. Portable Mass Spectrometer Market– by Area of Use (Market Size – $Million/$Billion) 
     11.1. Laboratory Analysis
     11.2. Continuous Online Monitoring & Analysis
12. Portable Mass Spectrometer Market– by Application (Market Size – $Million/$Billion) 
     12.1. Clinical Analysis
     12.2. Forensic Analysis
     12.3. Food Safety & Testing Analysis
     12.4. Environmental Monitoring
     12.5. Drug Discovery Research
     12.6. Geological Analysis
     12.7. Biochemistry
     12.8. Process Monitoring
     12.9. Polymers Analysis
     12.10. Material Analysis
     12.11. Others
13. Portable Mass Spectrometer Market– by End-User (Market Size – $Million/$Billion)
     13.1. Semiconductor and Electronics
     13.2. Food and Beverage
     13.3. Metal Processing
     13.4. Mining
     13.5. Chemicals
     13.6. Oil and Gas
     13.7. Petrochemical
     13.8. Law Enforcement
     13.9. Defense & First Responders
     13.10. Testing
     13.11. Inspection & Certification (Service Providers)
     13.12. Medical
     13.13. Pharmaceutical
     13.14. Ceramics and Plastics
     13.15. Waste and Water Treatment Utilities
     13.16. Institutes and Research Centers
     13.17. Others
14. Portable Mass Spectrometer Market– by Geography (Market Size – $Million/$Billion) 
     14.1. North America
        14.1.1. U.S
        14.1.2. Canada
        14.1.3. Mexico
     14.2. Europe
        14.2.1. Germany
        14.2.2. France
        14.2.3. UK
        14.2.4. Italy
        14.2.5. Spain
        14.2.6. Belgium
        14.2.7. Netherlands
        14.2.8. Rest of Europe
     14.3. Asia-Pacific
        14.3.1. China
        14.3.2. Japan
        14.3.3. South Korea
        14.3.4. India
        14.3.5. Australia & New Zealand
        14.3.6. Indonesia
        14.3.7. Malaysia
        14.3.8. Taiwan
        14.3.9. Rest of Asia-Pacific
     14.4. South America
        14.4.1. Brazil
        14.4.2. Argentina
        14.4.3. Chile
        14.4.4. Colombia
        14.4.5. Rest of South America
     14.5. Rest of The World
        14.5.1. Middle East
        14.5.2. Africa
15. Portable Mass Spectrometer Market– Entropy
16. Portable Mass Spectrometer Market– Industry/Segment Competition Landscape 
     16.1. Market Share Analysis
          16.1.1. Market Share by Product Type – Key Companies
          16.1.2. Market Share by Region – Key Companies
          16.1.3. Market Share by Country – Key Companies
     16.2. Competition Matrix
     16.3. Best Practices for Companies
17. Portable Mass Spectrometer Market– Key Company List by Country Premium 
18. Portable Mass Spectrometer Market- Company Analysis
     18.1 Thermo Fisher Scientific, 
     18.2 Inc Agilent Technologies, Inc. 
     18.3 Bruker Corporation 
     18.4 Shimadzu Corporation 
     18.5 Waters Corporation 
     18.6 JEOL Ltd. 
     18.7 PerkinElmer, Inc. 
     18.8 AMETEK, Inc. 
     18.9 FLIR Systems, Inc. 
     18.10 Advion, Inc.
       
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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.