LIQUID CHROMATOGRAPHY MASS SPECTROMETRY (LCMS) MARKET ANALYSIS

Market News

Companies are expanding their offerings in the potential market through product launches, which is expected to drive the market growth. For instance, in June 2019, AB Sciex LLC, a subsidiary of Danaher Corporation launched TripleTOF 6600+ LC0-MS/MS System with Scanning SWATH Acquisition, and OneOmics in SCIEX Cloud.

TripleTOF 6600+ LC-MS/MS System has low-flow source technology which offers large-scale, precise and robust quantification. Moreover, in October 2016, PerkinElmer, Inc. launched QSight Triple Quadrupole LC/MS/MS instrument in China. The QSight triple quad system has patented low-based mass spectrometry, which enhances sensitivity for the analysis of complex samples.

North America held a dominant position in the global Liquid Chromatography Mass Spectrometry (LCMS) Market, due to increasing product launches, mergers, and acquisitions strategies adopted by market players. For instance, in 2017, Agilent Technologies Inc. launched a triple quadrupole liquid chromatography mass spectrometer (triple quad LC/MS) at the American Society for Mass Spectrometry Conference (ASMS). Moreover, in February 2019, Clarivate Analytics launched Life Science Alliances Program to provide drug and medical device developers a way to significantly advance their research and development (R&D) activities, and commercialization initiatives. This is expected to increase demand for LCMS systems and accelerate the market growth.