Market Entrants Offering Digitized Mass Spectrometry Solutions Gain a Competitive Edge over Traditional Vendors
November 6, 2018 | Frost & SullivanEstimated reading time: 2 minutes
The high resolution and sensitivity of tandem liquid chromatography-mass spectrometry (LC-MS) and time of flight (TOF) LC-MS are expanding the application scope of mass spectrometers. The most significant demand is concentrated in key end-user industries such as pharmaceuticals and food and beverage. Tightening government regulations regarding the materials that come into contact with food and MS's ability to identify and quantify unique proteins from a wide range of samples have made it a vital tool in proteomics analysis and food testing.
"Novel technologies such as portable systems and customized MS solutions with digitization features such as cloud connectivity, augmented reality, and predictive maintenance are expected to find enthusiastic adoption among next-generation companies,” said Sharmila Annaswamy, Senior Research Analyst, Measurement & Instrumentation at Frost & Sullivan. "MS vendors offering low-cost, highly efficient, and easy-to-use online mass spectrometers that are powered by Industry 4.0 will experience a huge jump in market shares."
Frost & Sullivan’s recent analysis, Global Mass Spectrometry Market, Forecast to 2024, identifies the key drivers, restraints, and trends prevailing in the MS market. It examines the importance and role of MS in the manufacturing and process industries as well as maps the competitor landscape. The market has been segmented by process and lab applications. Key end users such as pharmaceuticals, food and beverage, industrials, and applied sciences have been included in this research.
"Meanwhile, there has been a surge in demand for quality MS solutions from the emerging markets of Asia-Pacific due to infrastructure growth and rising focus on staff safety," noted Annaswamy. "The expansion of the distributor network and technologically competitive products tailored for new applications will be among the key influencers of the global mass spectrometer market in the future."
Vendors looking for long-term success need to respond to the following growth opportunities:
- With the rise of Big Data analytics and cloud storage, vendors can create and embed sensors and Artificial Intelligence (AI) algorithms into MS processing units. They could also create cloud storage functions to update test result data and relay the information to handheld devices.
- Demand from diverse industries.
- Industries need mass spectrometers with reduced physical footprint and improved sensitivity, robustness, and resolution.
- Higher prospects of collaboration between the key market participants and startups offering innovative solutions.
- Global Mass Spectrometry Market, Forecast to 2024 is part of Frost & Sullivan’s global Test & Measurement Growth Partnership Service program.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success.
Suggested Items
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.