Global Liquid Chromatography Mass Spectrometry Market – Industry Trends and Forecast to 2030

Global Liquid Chromatography Mass Spectrometry Market, By Product Type (Normal-Phase Liquid Chromatography (NPLC), Reversed-Phase Liquid Chromatography (RPLC), Ion Exchange Liquid Chromatography (IELC), Size Exclusion Liquid Chromatography (SELC), High-Performance Liquid Chromatography (HPLC), Ultra-High Pressure Liquid Chromatography (UHPLC), Low-Pressure Liquid Chromatography (LPLC) , Others), Platform (Single Mass Spectrometry, Hybrid Mass Spectrometry, Others), Application (Pharmaceutical, Biotech, Petrochemical, Environmental Testing, Food and Beverage Testing, Others), End-User (Biotechnological and Pharmaceutical Industries, Research Laboratories, Diagnostic Laboratories, Industrial, Government and Public) – Industry Trends and Forecast to 2030.

Liquid Chromatography Mass Spectrometry Market Analysis and Size

The rise in number of energy and construction related projects across the globe acts as one of the major factors driving the growth of global liquid chromatography mass spectrometry market. The increase in awareness among the global population regarding the ill effects of environmental pollution, and increasing growth of environmental testing in India owing to the government’s initiatives accelerate the market growth.

Data Bridge Market Research analyses that the global liquid chromatography mass spectrometry market which was USD 5.15 billion in 2022, is expected to reach USD 10.56 billion by 2030, and is expected to undergo a CAGR of 9.4% during the forecast period of 2023 to 2030. “Normal-Phase Liquid Chromatography (NPLC)” dominates the product type segment of the global liquid chromatography mass spectrometry market owing to the growing demand for better methods for treatment and diagnostic procedures. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Liquid Chromatography Mass Spectrometry Market Scope and Segmentation

Market Definition

Liquid chromatography refers to a research technique that assists the users in separation and unique identification of molecules, nucleic acids and proteins in a particular mixture. The technique is based on the interactions of the sample in two phases including mobile and stationery. Mass spectrometry is defined as another analytical technique which provides measurement of mass-to-charge ratio of ions in the form of mass spectrum.

Global Liquid Chromatography Mass Spectrometry Market Dynamics

Drivers

• Increasing Demand in Pharmaceutical and Biotechnology Industries

LC-MS is widely used in drug discovery, development, and quality control processes in the pharmaceutical and biotechnology industries. The growing need for accurate and sensitive analytical techniques for drug analysis, metabolite profiling, and proteomics drives the demand for LC-MS instruments.

• Growing Focus on Research and Development

There is a significant emphasis on research and development activities in various industries, including pharmaceuticals, biotechnology, environmental analysis, and food and beverage. LC-MS plays a crucial role in these R&D activities by enabling accurate identification, quantification, and characterization of compounds. The increasing investment in R&D drives the demand for LC-MS instruments.

Opportunities

• Clinical Diagnostics and Personalized Medicine

LC-MS has significant potential in clinical diagnostics, particularly in areas such as therapeutic drug monitoring, toxicology testing, and biomarker analysis. It allows for accurate and sensitive quantification of drugs and metabolites in biological samples, aiding in disease diagnosis, treatment monitoring, and personalized medicine approaches.

• Metabolomics and Proteomics Research

LC-MS is widely used in metabolomics and proteomics research for comprehensive analysis of small molecules and proteins, respectively. It enables the identification and quantification of metabolites and proteins in complex biological samples, providing insights into biological pathways, disease mechanisms, and biomarker discovery. The growing interest in understanding the molecular basis of diseases and personalized medicine creates opportunities for LC-MS in these research areas.

Restraints/Challenges

• Method Development and Optimization

Developing and optimizing LC-MS methods for specific analysis or applications can be a time-consuming process. Factors such as selecting the appropriate chromatographic column, mobile phase, ionization mode, and mass spectrometry parameters all need to be optimized to achieve accurate and reliable results.

• Interferences and Contaminants

LC-MS analysis can be affected by interferences and contaminants, such as background noise, matrix components, and co-eluting compounds. These can lead to false positives or false negatives, compromising the accuracy and reliability of the results.

This global liquid chromatography mass spectrometry market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global liquid chromatography mass spectrometry market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• On June 06, 2022, Agilent Technologies Inc. announced release of new LC/MS and GC/MS quadrupole mass spectrometers with built-in instrument intelligence to simplify lab operations. The new GC/SQ and GC/TQ products with the Hydro Inert source has helped customers overcome key performance challenges with Hydrogen carrier gas
• In July 2021, Thermo Fisher Scientific announced launch of Orbitrap Exploris 240 mass spectrometer by combining application flexibility with the performance to drive discovery and identification regardless of sample complexity, the depth of insights required or the presence of unknown compound.

Global Liquid Chromatography Mass Spectrometry Market Scope

The global liquid chromatography mass spectrometry market is segmented on the basis of product type, platform, application and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Normal-Phase Liquid Chromatography (NPLC)
• Reversed-Phase Liquid Chromatography (RPLC)
• Ion Exchange Liquid Chromatography (IELC)
• Size Exclusion Liquid Chromatography (SELC)
• High-Performance Liquid Chromatography (HPLC)
• Ultra-High Pressure Liquid Chromatography (UHPLC)
• Low-Pressure Liquid Chromatography (LPLC)
• Others

Platform

• Single Mass Spectrometry
• Hybrid Mass Spectrometry
• Others

Application

• Pharmaceutical
• Biotech
• Petrochemical
• Environmental Testing
• Food and Beverage Testing
• Others

End Users

• Biotechnological and Pharmaceutical Industries
• Research Laboratories
• Diagnostic Laboratories
• Industrial
• Government and Public

Global Liquid Chromatography Mass Spectrometry Market Regional Analysis/Insights

The global liquid chromatography mass spectrometry market is analysed and market size insights and trends are provided by country, product type, platform, application and end users as referenced above.

The countries covered in the global liquid chromatography mass spectrometry market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa

North America dominates the global liquid chromatography mass spectrometry market because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of patients needing modern diagnostic and treatment procedures.   

Asia-Pacific is expected to witness significant growth in the global liquid chromatography mass spectrometry market during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for diagnosis and treatment procedures, the large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global liquid chromatography mass spectrometry market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global liquid chromatography mass spectrometry market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global liquid chromatography mass spectrometry market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Liquid Chromatography Mass Spectrometry Market Share Analysis

The global liquid chromatography mass spectrometry market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global liquid chromatography mass spectrometry market.

Some of the major players operating in the global liquid chromatography mass spectrometry market are:

• Thermo Fisher Scientific Inc. (U.S.)
• PAC L.P. (U.S.)
• Agilent Technologies, Inc. (U.S.)
• WATERS (U.S.)
• Shimadzu Corporation (Japan)
• PerkinElmer Inc. (U.S.)
• Hitachi High-Technologies Corporation (Japan)
• Bruker (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• JASCO (U.S.)
• GL Sciences Inc. (Japan)
• Phenomenex Inc. (U.S.)
• JEOL Ltd. (Japan)
• Analytik Jena AG (Germany)
• Hiden Analytical (U.K.)
• Dani Strumentazione Analitica S.P.A. (Italy)
• Rigaku Corporation and its Global Subsidiaries (Japan)
• LECO Corporation (U.S.)