Mass spectrometry is one of the prominently used analytical method in life science and pharmaceutical industry. This technique helps to identify various chemical components present in the sample. Mass spectrometry technique is used to identify molecule in simple as well as complex mixture by measuring mass to charge ratio. Moreover, it is also used to quantify specific molecules identified in the sample. This analytical technique is widely used in laboratories, which boosts the study related to chemical and biological properties of compounds. Mass spectrometry is basically used in characterizing and sequencing of peptide chains.
The Worldwide Mass Spectrometry Market is experiencing high competition due to presence of large number of players. The market is experiencing continuous advancement in terms of technology and features offered with mass spectrometry. The substantially demanded platforms in past couple of years are Triple Quadrupole LC/MS and Q-TOF. Few factors driving the customer choice of particular mass spectrometer are speed, sensitivity, resolution and throughput.
Being a fragmented market, companies have adopted red ocean strategy by delivering the product through developing clinically-focused instruments, integrating multiple technologies and diminishing performance trade-offs. In addition, competitors are looking to adopt the general life science trend of miniaturization to bring the technology to lower-budget laboratories. Thus the rising use of mass spectrometry in metabolomics, proteomics, pharmaceutical industry and increasing inclination towards low budget laboratories by miniaturization is anticipated to drive the market.