Spectrometry Industry Data Book Covers Spectrometry, Mass Spectrometry, NMR Spectroscopy, Near-Infrared Spectroscopy and In-line UV-vis Spectroscopy Markets.
The market was valued at USD 17.4 billion in 2021 with a CAGR of 7.34% during 2022-2030.
Grand View Research’s Spectrometry Industry databook is a collection of market sizing & forecast insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.
Mass Spectrometry Market Insights
The global mass spectrometry market size was valued at USD 5,262.5 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.06% from 2023 to 2030.
The instruments segment held the largest revenue share of 77.39% in 2022. Spectrometers offer a wide range of applications in the biotechnology sector and are witnessing rising awareness about the benefits of mass spectrometry workflows. These instruments can be used in clinical and preclinical testing for drug discovery as well as for biomedical research in the pharmaceutical industries.
Quadrupole liquid chromatography-mass spectrometry led with the largest share of 37.09% in 2022. Demand for this technology has grown significantly in the past few years due to the advantages offered by the technique. For instance, the triple quadrupole technology is one of the essential analytical techniques for clinical research analysis and can measure trace levels of biomarkers in complex matrices of biological fluids. Several key players have established offerings in this domain.
The proteomics segment held the largest revenue share of 46.69% in 2022. Mass spectrometry-based proteomics research is a comprehensive technique for quantitative profiling of proteins and studying protein-protein interactions. Advancements and the widespread availability of quantitative proteomics workflows have expanded the scope for studying protein function, structure, transformation, and overall protein dynamics.
The pharmaceutical and biotechnology companies segment dominated the market in 2022 with a share of 43.98% due to the extensive adoption of protein sequencing using mass spectrometry in the pharmaceutical industry for drug discovery and development processes. The growing demand for biomolecule analysis and drug component analysis is expected to further drive the segment growth for the market.
Nuclear Magnetic Resonance Spectroscopy Market Insights
The global nuclear magnetic resonance spectroscopy market size was valued at USD 690 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030.
The high-field segment held the dominant share of the market at 88.7% in 2022, owing to factors such as better sensitivity and resolution. The increased strength of nuclear magnetic resonance spectroscopy has an immense impact on various fields, such as material science, structural biology, and imaging. For instance, in July 2021, Bruker announced that it had received orders for its new Ascend Evo 1.0 GHz NMR magnet, which is a compact instrument for clinical research and structural biology applications in single-story laboratories.
The pharma and biotech companies segment is poised to advance at the highest CAGR of 5.5%. However, the academic segment captured the highest revenue share of 46.8% of the market in 2022. The increasing initiatives by universities to establish in-house NMR spectroscopy facilities as a competitive advantage, with the financial support of the government, is considered to be a key growth determinant of this market.
Access the Global Spectrometry Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Near-infrared Spectroscopy Market Insights
The global near-infrared spectroscopy market size was valued at USD 502.7 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.
On the basis of products, the global industry has been further segmented into Fourier Transform-based (FT-NIR) spectrometers and dispersive infrared spectroscopy. The FT-NIR spectrometers segment dominated the global industry in 2022 and accounted for the maximum share of more than 79.6% of the overall revenue.
On the basis of types, the global industry has been further categorized into portable and benchtop. The benchtop type segment dominated the global industry in 2022 and accounted for the maximum share of more than 76.9% of the overall revenue. The segment is projected to remain dominant throughout the forecast period owing to the high accuracy and, ability to trace multiple compounds in a drug.
The particle measurement segment dominated the global industry in 2022 and accounted for the largest share of more than 32.8% of the overall revenue. The segment includes studying the particles in various fields, including pharmaceutical drugs. Near-infrared spectroscopy has become a pillar in the pharmaceutical along with other sectors as an analytical method due to its rapid and non-destructive sampling ability.
In-line UV-vis Spectroscopy Market Insights
The global in-line UV-vis spectroscopy market size was valued at USD 1,120.3 million in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.69% from 2023 to 2030.
The color measurement segment held the highest share of more than 32.82% of the overall revenue in 2022. The segment is projected to expand further at the fastest growth rate retaining the leading position throughout the forecast period.This can be attributed to its expanding applications in various fields, such as the paint, pharmaceutical, and food industry, coupled with growing investments by the operating players for the introduction of in-line color measurement solutions.
The chemical industry segment held the highest market share of 21.06% in 2022. In the chemical industry, in-line monitoring of wet chemical processes includes monitoring alkaline & acidic texturing, rinsing, hydrophilization, hydrofluoric acid, nitric acid, fluorosilicic acid, sulfuric acid, alkalinity/acidity, and hydrogen peroxide. The increasing use of in-line UV spectroscopy for monitoring such parameters has significantly driven segment growth.
Spectrometry Market – Global Industry Segmentation
Spectrometry Industry, By Type
- Molecular Spectrometry
- Visible and Ultraviolet Spectroscopy
- Infrared Spectroscopy
- Nuclear Magnetic Resonance (NMR) Spectroscopy
- Others
- Mass Spectrometry (MS)
- Atomic Spectrometry
- Atomic Absorption Spectroscopy (AAS)
- Atomic Emission Spectroscopy (AES)
- Atomic Fluorescence Spectroscopy (AFS)
- X-ray Fluorescence (XRF)
- Inorganic Mass Spectroscopy
Spectrometry Industry, By Product
- Instrument
- Consumables
- Services
Spectrometry Industry, By Application
- Proteomics
- Metabolomics
- Pharmaceutical Analysis
- Forensic Analysis
- Others
Spectrometry Industry, By End-use
- Government & Academic Institutions
- Pharmaceutical & Biotechnology Companies
- Others
Mass Spectrometry Industry, By Product
- Instruments
- Consumables & Services
Mass Spectrometry Industry, By Technology
- Quadrupole Liquid Chromatography-Mass Spectrometry
- Gas Chromatography-Mass Spectrometry (GC-MS)
- Fourier Transform-Mass Spectrometry (FT-MS)
- Time-of-Flight Mass Spectrometry (TOFMS)
- Matrix Assisted Laser Desorption/Ionization-Time-of-Flight Mass Spectrometry (MALDI-TOF)
- Magnetic Sector Mass Spectrometry
- Others
Mass Spectrometry Industry, By Application
- Proteomics
- Metabolomics
- Glycomics
- Others
NMR Spectroscopy Industry, By Product
- Instruments
- Consumables
NMR Spectroscopy Industry, By Type
- Low-field NMR spectroscopy
- High-field NMR spectroscopy
NMR Spectroscopy Industry, By End-use
- Academic
- Pharmaceutical and Biotech Companies
- Agriculture and food
- Chemical industry
- Others
Near-Infrared Spectroscopy Industry, By Product
- Dispersive Infrared Spectroscopy
- Fourier Transform-based (FT-NIR) Spectroscopy
Near-Infrared Spectroscopy Industry, By Type
- Benchtop
- Portable
Near-Infrared Spectroscopy Industry, By Application
- Medical Applications
- Astronomical Spectroscopy
- Remote Monitoring
- Agriculture
- Particle Measurement
- Material Science
- Industrial use
In-line UV-vis Spectroscopy Industry, By Application
- Color Measurement
- Chemical Concentration
- Turbidity & Haze Measurement
- Thickness Measurement
In-line UV-vis Spectroscopy Industry, By End-use
- Plastics Industry
- Chemical Industry
- Food & Beverages
- Pharmaceutical Industry
- Painting & Coating Industry
- Others
Order your copy of the Free Sample of “Spectrometry Industry Data Book - Spectrometry, Mass Spectrometry, NMR Spectroscopy, Near-Infrared Spectroscopy and In-line UV-vis Spectroscopy Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Spectrometry Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
- Rest of Middle East & Africa
Spectrometry Industry Data Book Competitive Landscape
Competitive rivalry in the spectrometry industry is moderate to high due to the presence of a large number of both well-established players and small- to mid-sized manufacturers and distributors in the market space.
Key players operating in the spectrometry industry are –
- Danaher Corporation
- Thermo Fisher Scientific, Inc.
- PerkinElmer, Inc.
- Agilent Technologies, Inc.
- Waters Corporation
- Shimadzu Corporation
- Bruker Corporation
- JEOL Ltd
Go through the table of content of Spectrometry Industry Data Book to get a better understanding of the Coverage & Scope of the study
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