March 1, 2024

The rise of biomarker discovery to propel advancements in disease diagnosis is anticipated to openup the new avenue for Clinical Mass Spectrometry Market

 

Clinical mass spectrometry is an analytical technique used in clinical laboratories to identify proteins, peptides, and other biomolecules in biological samples such as blood, urine, and tissues. It helps identify biomarkers for various diseases, facilitating early diagnoses. Mass spectrometry enables rapid, sensitive, and high-throughput analysis of biological samples. It allows quantitative analysis of thousands of biomolecules simultaneously. The Clinical Mass Spectrometry Market is estimated to be valued at US$ 6.37 Bn in 2023 and is expected to exhibit a CAGR of 26.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The Clinical Mass Spectrometry Market is driven by the increasing prevalence of chronic and lifestyle diseases globally. Mass spectrometry aids in diseases diagnosis by enabling detection of biomarkers in patient samples. Moreover, advancement in mass spectrometry technologies have enhanced throughput and performance of clinical research and diagnostic testing. Miniaturization of instruments and development of portable mass spectrometers have further expanded the applications of mass spectrometry. Growing focus on precision medicine also augurs well for market growth. The extensive research on proteomics and metabolomics using mass spectrometry will further aid drug discovery and development processes over the forecast period.
Segment Analysis
The clinical mass spectrometry market is segmented into separation techniques and applications. The separation technique segment is further categorized into liquid chromatography-mass spectrometry, gas chromatography-mass spectrometry, and capillary electrophoresis-mass spectrometry. The liquid chromatography-mass spectrometry segment dominates the global market as it provides high separation efficiency and allows analysis of polar, thermally labile, involatile and non-volatile compounds. The LC-MS technique provides accurate quantitative analysis with reproducible results due to improved separation of analytes and ionization source.

PEST Analysis
Political: Governments across the globe are supporting the research and development activities in clinical mass spectrometry to drive innovations. Favorable regulations are helping accelerate the adoption of mass spectrometry technologies.
Economic: The rising healthcare spending coupled with increasing prevalence of chronic and lifestyle diseases is boosting the demand for advanced diagnostic technologies. Growing biopharmaceutical industry is also fueling the market growth.
Social: Increasing awareness about early disease diagnosis is encouraging people to undergo various diagnostic tests. Mass spectrometry is gaining popularity owing to its ability to identify a wide range of biological molecules.
Technological: Continuous advancements in mass spectrometry technologies such as higher resolution and accuracy, automation, miniaturization and improved software solutions are supporting the market expansion. Integration of mass spectrometry with separation techniques is further enhancing its applications.

Key Takeaways
The global clinical mass spectrometry market is expected to witness high growth, exhibiting CAGR of 26% over the forecast period, due to increasing demand for advanced diagnostic technologies and growing funding for proteomic and metabolomics research.

North America dominates the global clinical mass spectrometry market owing to presence of major players, availability of advanced healthcare infrastructure and increasing R&D investments by biopharmaceutical and diagnostic companies in the region. The Asia Pacific clinical mass spectrometry market is anticipated to grow at fastest rate during the forecast period led by rising healthcare spending, growing awareness and improving medical facilities.

Key players operating in the clinical mass spectrometry market are SCIEX AB(US), Thermo Fisher Scientific (US), Agilent Technologies (US), Waters Corporation (US), PerkinElmer Inc. (US), Shimadzu Corporation (Japan), Bruker Corporation (US), Analytik Jena (Germany), JEOL Ltd. (Japan), Hiden Analytical (UK), and MKS Instruments (US), among others. The players are involved in new product launches and collaborations to gain competitive edge in the market.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research

2.      We have leveraged AI tools to mine information and compile it