According to the most recent report of the IMARC Group, entitled “Mass Spectrometry Market: Global Industry Trends, Participation, Size, Growth, Opportunity and Forecasts 2021-2026”, the global mass spectrometry market grew at an annual compound rate of approximately 6% between 2015 and 2020. Mass spectrometry (MS) is an analytical strategy used to quantify tissues and identify compounds in a specific pattern. Some of the most commonly used mass spectrometry technologies come with ion trap, quadripole, flight time (TOF), triple quadripole, quadripole TOF, and Fourier Remodeled Mass Spectrometry (FTMS). These technologies help identify molecules in a mixture, find impurities in a pattern, and analyze a purified protein. Because of these benefits, MS has extensive programs in industries, adding pharmaceuticals, biotechnology, environmental, petrochemicals and agri-food products.
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The significant expansion of the pharmaceutical sector around the world basically creates positive customers for the market. Mass spectrometry is widely used to analyze molecules in pharmaceutical drugs, phytoproducts, biosimilars and regenerative drugs. In addition, the concentrated development of environmental testing for pollutants is also driving market expansion. In addition, the increasing adoption of mass spectrometry to stumble upon pathogens, microorganisms, toxins and chemicals to maintain food quality and protection contributes additionally to product demand. In addition, a variety of technological innovations, such as the launch of state-of-the-art products Hybrid spectrometers that facilitate fast, high-resolution testing act as other primary expansion factors.
As the crisis of the new coronavirus (COVID-19) takes over from around the world, we constantly monitor market adjustments as well as consumer business behaviors around the world and our estimates of the latest market trends and forecasts are made later. examining the effect of this pandemic.
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