SPECTROMETRY MARKET ANALYSIS

Market Challenges And Opportunities

Global Spectrometry Market - Drivers

Increasing development activities in the market

Increasing development in the field of spectrometry is expected to drive the global spectrometry market growth over the forecast period. For instance on June 24, 2020 an article published by Nature Journal, based in U.K. explains that ultra-high-performance liquid chromatography-high resolution mass spectrometry (UHPLC-HRMS) is one of the most commonly used platforms for untargeted metabolomics. Although unbiased and with high coverage, untargeted approaches suffer from unsatisfactory reproducibility and require complex data processing. Targeted metabolomics based on Triple Quadrupole Mass Spectrometry (TQMS) can be a complementary tool due to its high sensitivity, high specificity, and excellent quantification ability. However, it is generally applicable to known compounds: compounds whose identity is known and/or whose presence is in the samples analyzed.

Global Spectrometry Market: Restraints

Lack of lab safety and quality control

In emerging economies, lack lab safety and quality control are expected to hamper the global spectrometry market growth. For instance, according to an article published in National Center for Biotechnology Information on January 21, 2023, while in the lab, it is important to be careful when preparing the sample before placing the compound in the mass spectrometer for analysis. For example, using the correct measuring tools during chromatography is essential to ensure accuracy. If quality control is not used, peaks that do not correspond to ions present in the sample may appear in the mass spectrum. Using a mass spectrometer requires safety considerations. The mass spectrometer device can have high temperatures that can cause burns.

To counterbalance this restrain, more training to personnel should be allocated.

Figure 2. Global Spectrometry Market Share (%), By Region, 2023