Spectrometry is a technique that involves ionization and separation of a test sample for detection of specific substances such as chemical compound, impurities, contaminants or pollutants with the help of interaction between mass and energy. There are three major types of spectrometry techniques divided on the basis of method of analyzing the test sample: atomic spectrometry, mass spectrometry and molecular spectrometry. These techniques are further divided into sub-categories according to specific characteristics such as source for sample separation, energy source and method of analysis.
The global spectrometry market can be segmented into three techniques, atomic spectrometry, mass spectrometry and molecular spectrometry. In 2013, out of all these three segments, molecular segment had highest contribution in terms of value, while atomic and mass spectrometry techniques were at second and third positions respectively. Among all these three segments, growth of the mass spectrometry segment is the highest and value wise it is expected to overcome other two segments by the year 2020. Spectrometry techniques are applicable in many industries such as pharmaceutical, healthcare, biotechnology, food and beverages, industrial chemistry and environmental. In pharmaceuticals, spectrometry techniques are used majorly for identification of new chemical entities, analyzing the reaction process, pharmacokinetic screening and analyses during all stages of drug discovery. In healthcare and clinical, these techniques are applied majorly for diagnostic purpose where it provides access to DNA and protein sequencing, for tissue and tissue fluid analysis, and identification of toxicity by metabolites in body organs, especially in kidneys. In environmental analyses spectrometry technologies are used for identification of pollutants, whereas in food and beverages it is applied for detection of toxicity.
Geographically, North America which includes the United States and Canada continues to be a leading market for spectrometry. The United States market accounts for major contribution owing to larger large number of research institutes, higher spending on research and development activities and favorable funding environment compared to other regions. Although Canada’s contribution in North America revenue is significantly low as compared to the United States, yet there has been a positive shift in trend towards usage of spectrometry instruments considering the rise in awareness about food safety, pollution control and increased in research related activities.
Asia-Pacific region during the forecast is the fastest growing region owing to an estimated shift of research and development related activities to countries like China, India, Thailand, Indonesia, Japan and Malaysia. This is proven by recent development in which Waters Corporation signed a joint agreement with Chinese Pharmacopeia Commission to establish an open laboratory. Overall drivers to Asia-Pacific market for spectrometry include increasing investment in research and development activities especially in countries such as China, India and Malaysia and growth in government funding to projects. Rest of the World market is still at nascent stage and is expected to grow where countries like Brazil and South Africa driving the market growth.
Some of the key companies operating in this market include Thermo Fisher Scientific, Bruker, Shimadzu, Waters Corporation, Agilent Technologies, PerkinElmer and AB Sciex.
Spectrometry is an analytical technique employed to identify elements and compounds by measuring the radiant energy emitted by a substance within a specified electromagnetic spectrum upon excitation by an external energy source. Over the years spectrometry instruments have significantly played an important role in analytical and life science industry. Significant demand from life science industry for bimolecular analysis and drug composition along with growing environmental concern and urge for finding new metals and materials are significant drivers for the growth the global spectrometry market. Some of the prominent application areas of spectrometry instruments include pharmaceuticals, biotechnology, industrial chemistry, environmental testing, food & beverages testing and other similar areas such as astronomical studies and defense sector.
The global spectrometry market is studied from two perspectives namely by technology and by application. The technology market can be further sub-segmented into Atomic Spectrometry, Mass Spectrometry and Molecular Spectrometry. The atomic spectrometry technique include atomic absorption spectrometry, X-ray diffraction spectrometry, X-ray fluorescence spectrometry, inductively coupled plasma spectrometry, elemental analyzers and other atomic spectrometry techniques. The molecular spectrometry comprises nuclear magnetic resonance spectrometry, ultraviolet visible spectrometry, infrared spectrometry, color measurement, near infrared spectrometry, Raman spectrometry and others. Moreover the mass spectrometry techniques comprises gas chromatography-mass spectrometry, liquid chromatography-mass spectrometry, matrix-assisted laser desorption/ionization-time of flight spectrometry (MALDI-TOF), triple-quadrupole liquid chromatography-mass spectrometry, quadrupole-time of flight liquid chromatography-mass spectrometry, inductively coupled plasma mass spectrometry and others.
A detailed analysis and forecast for various instruments and applications in spectrometry market has been provided in this study, in terms of market revenue (USD million) for the period 2012 to 2020. The report also provides the compounded annual growth rate (CAGR %) for each technology and application for the forecast period 2014 to 2020, while market size estimations have been made considering 2012 and 2013 as the base years. In terms of geographical distribution the global spectrometry market has been segmented into four geographical regions: North America, Europe, Asia Pacific and Rest of the World. The current and future market sizes (in terms of USD million) of the above regional markets have been provided in the report for the period 2012 to 2020 with their respective growth rate (%) for the period 2014 to 2020. The study further offers recommendations and highlights of the market, which would be useful for the current and future market players to sustain and flourish in the global spectrometry market. A PESTLE analysis has also been considered while estimating the market for individual geographies in order to provide current as well as future status. Parallel to this, the report on global spectrometry market gives regulatory scenario of the major markets in the world. The report include announcements and guidelines by important bodies such as FDA and CE mark, along with products approved by these regulatory bodies are also mentioned in the report.
The market overview section of the report demonstrates the market dynamics and market trends such as the drivers, restraints and opportunities that influence the current and future trends of this industry. Impact factors such as market attractiveness analysis and Porter’s five forces analysis have also been explained in the market overview section of the report in order to give a thorough analysis of the overall competitive scenario in the global spectrometry market. The competitive landscape section of the report includes market share analysis of the major players in spectrometry market. This report concludes the company profiles section which covers key information such as financial overview, product portfolio, business strategies and recent key developments about the major players in the market of spectrometry. Some of the key players profiled in this report include AB Sciex, Agilent Technologies, Inc., Analytik Jena AG, Bruker Corporation, Perkin Elmer, Inc., Shimadzu Corporation, Thermo Fisher Scientific, Inc., Waters Corporation and others.
The global spectrometry market is segmented as follows:
Spectrometry Market, by Technology
- Mass Spectrometry
- Gas Chromatography-Mass Spectrometry (GC-MS)
- Single Quadrupole Liquid Chromatography-Mass Spectrometry (LC-MS)
- Matrix-Assisted Laser Desorption/Ionization & Time of Flight Spectrometry
- Triple-Quadrupole Liquid Chromatography-Mass Spectrometry
- Quadrupole-Time of Flight Liquid Chromatography-Mass Spectrometry (Q-TOF LC/MS)
- >Inductively Coupled Plasma Mass Spectrometry (ICP-MS)
- Ion Mobility Mass Spectrometry
- Fourier Transform Ion Cyclotron Resonance - Mass Spectrometry (FTICR-MS)
- Ion Trap Mass Spectrometry
- Molecular Spectrometry
- Nuclear Magnetic Resonance Spectrometry (NMR)
- Ultraviolet-Visible Spectrometry (UV-Visible)
- Infrared Spectrometry (IR)
- Near-Infrared Spectrometry
- Raman spectrometry
- Atomic Spectrometry
- Atomic Absorption Spectrometry
- X-Ray Diffraction Spectrometry
- X-Ray Fluorescence Spectrometry
- Elemental Analyzers
- Inductively Coupled Plasma Atomic Emission Spectrometry
Spectrometry Market, by Application
- Industrial Chemistry
- Environmental Testing
- Food and Beverages Testing
Spectrometry Market, by Geography
- North America
- Asia-Pacific (APAC)
- Rest of the World (RoW)