The market for liquid chromatography mass spectrometry is predicted to rise as a result of rising healthcare industry R&D spending. For instance, the National Bureau of Statistics reported in February 2018 that China spent US$ 280 Mn on research and development in 2017, an increase of 11.6% from US$ 10.6 Mn in 2016. Companies are introducing new products to broaden their options in the potential market, which is anticipated to spur market expansion. As an illustration, in June 2019, Danaher Corporation's subsidiary AB Sciex LLC unveiled the TripleTOF 6600+ LC0-MS/MS System with Scanning SWATH Acquisition and OneOmics on SCIEX Cloud. Additionally, regulatory authorities' initiatives to adopt the LCMS technique for testing and analysis in the biopharmaceutical industry are anticipated to fuel market expansion for LCMS over the projection period. For instance, in October 2019, the U.S. Food and Drug Administration (FDA) advised pharmaceutical firms to evaluate the presence of N-nitrosodimethylamine (NDMA) in ranitidine products using liquid chromatography-high resolution mass spectrometry (LC-HRMS). In North America, rising product launches and the use of inorganic growth techniques are anticipated to fuel market expansion.
According to Coherent Market Insights, The market for Liquid Chromatography Mass Spectrometry is anticipated to reach US$ 3,683.7 million in 2019 and to grow at a CAGR of 12.0% between 2019 and 2027.
Prominent Companies in the Liquid Chromatography Mass Spectrometry Industry
1. Thermo Fisher Scientific
The business was started in 1956 and has its headquarters in Waltham, Massachusetts, United States. Thermo Fisher Scientific, Inc. produces chemicals, consumables, and scientific equipment. The acquisition of PPD, Inc. by Thermo Fisher Scientific was announced in April 2021. Thermo Fisher Scientific said in January 2021 that it had purchased Henogen SA, a producer of viral vectors based in Belgium, from Groupe Novasep SAS for €725 million in cash.
2. Bruker Corporation
The company was founded in 1960 and is founded in Billerica, Massachusetts, United States. The business manufactures scientific tools for applied and industrial analysis as well as for molecular and materials research. It was revealed in November 2022 that Bruker had purchased the Mountain View-based manufacturer of miniature microscopes and miniscopes, Inscopix, Inc.
3. Danaher Corporation
The firm was started in 1969 and is based in Washington, D.C., U.S. The business creates, produces, and sells industrial, commercial, and medical goods and services. For $21.4 billion, Cytiva, a subsidiary of Danaher, purchased the biopharma sector of General Electric Life Sciences in March 2020. It was reported in September 2022 that Pall Life Sciences and Cytiva would combine to form a new Biotechnology Group under Danaher.
4. PerkinElmer, Inc.,
The firm was founded in 1937 and is based in Waltham, Massachusetts, United States. PerkinElmer Inc. serves the diagnostics, research, environmental, industrial, and laboratory services markets with technology, services, and solutions. PerkinElmer declared in March 2021 that it had finished buying Oxford Immunotec Global PLC (Oxford Immunotec). PerkinElmer declared in November 2020 that it will buy Horizon Discovery Group for about US$383 million.
5. Waters Corporation
The firm was founded in 1958 and is based in Milford, Massachusetts, United States. Waters Corporation offers goods and services for high-performance liquid chromatography. Waters purchased Andrew Alliance in January 2020. Andrew Alliance is a pioneer in specialized laboratory automation technology, combining software and robots. In February 2023, Wyatt Technology will be purchased by Waters for $1.36 billion in cash.
6. Agilent Technologies, Inc.
The company was started in 1999 and is based in Santa Clara, California, United States. The business offers lab equipment, software, services, and consumables. Chemical analysis tools and other related items are produced, processed, and sold by the company. Agilent announced in March 2023 that it has acquired e-MSion, an early-stage company with ECD technology that speeds up drug development.
7. Shimadzu Corporation,
The company was founded in 1875 and is based in Kyoto, Japan. Shimadzu Corporation manufactures high-precision tools and apparatus. The business creates, produces, and markets medical systems, industrial machinery, airplanes, and analytical and measurement tools. Through its affiliated businesses, Shimadzu conducts product development, research, and marketing.
*Definition: For the efficient analysis of biological, organic, and inorganic chemicals from complicated samples, liquid chromatography mass spectrometry is used by the pharmaceutical, biotech, cosmetic, food processing, and other industries.
