Global Portable Mass Spectrometers Market Size study & Forecast, by Type (Optical Spectrometer, Mass Spectrometer and Others), by Distribution Channel (Online, Offline), by Application (Life Sciences, Chemistry, Food & Agriculture, Others) and Regional An

Global Portable Mass Spectrometers Market Size study & Forecast, by Type (Optical Spectrometer, Mass Spectrometer and Others), by Distribution Channel (Online, Offline), by Application (Life Sciences, Chemistry, Food & Agriculture, Others) and Regional Analysis, 2023-2030

Global Portable Mass Spectrometers Market is valued at approximately USD 2,025.52 million in 2022 and is anticipated to grow with a healthy growth rate of more than 9.1% over the forecast period 2023-2030. A portable Mass Spectrometer is an analytical instrument for research that is used to calculate the exact molecular weight of the sample components and measures the fluctuation in a physical property across a specified range or spectrum. Portable Mass Spectrometers are used in various industries such as science, Nanotechnology, and food & beverage. The increasing demand for Portable Mass Spectrometers in pharmaceutical and biomedical R&D is the key factor responsible for the market growth over the forecast period of 2023-2030.

The primary key factor anticipated to accelerate the growth of the Portable Mass Spectrometers Market is the increasing demand in the pharmaceutical industry. According to the “European Federation of Pharmaceutical Industries and Association”, In 2021, North America accounted for 49.1% of world pharmaceutical sales compared with 23.4% for Europe. and in 2020 the pharmaceutical industry invested more than EUR 39,600 million in R&D in Europe. Also, the various product launches by key players are creating a lucrative growth prospectus for the market over the forecast period. Moreover, technological advancements such as smartphone spectrometers and increasing investment by government and private organizations create a positive outlook for the market. However, the limited range of tests and sensitivity of portable spectrometer devices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Portable Mass Spectrometers Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in terms of revenue owing to factors such as growing investments by the government in research & development of the biomedical and pharmaceuticals industry. The U.S. and Canada are major key contributors to the growth of the market. Asia-Pacific is the fastest-growing region due to the rising adoption of stringent regulatory guidelines for drug testing and the increasing usage of illicit drugs.

Major market player included in this report are:
Agilent Technologies, Inc.
Thermo Fisher Scientific Inc.
ABB Ltd.
Metrohm AG
Perkinelmer Inc.
Bruker Corporation
Jasco Corporation
Hitachi High-Tech Corporation
MKS Instruments, Inc.
Anton Paar GmbH

Recent Developments in the Market:
In July 2020, TrinamiX GmbH announced the development of their new creation for mobile NIR – Near-Infrared Spectroscopy Solutions for recycling and plastic sorting. It is also a proven technology that is being used in a portable format and advanced data Processing.

Global Portable Mass Spectrometers Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Distribution Channel, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Optical Spectrometer
Mass Spectrometer
Others

By Distribution Channel:
Online
Offline

By Application:
Life Sciences
Chemistry
Food & Agriculture
Others

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Agilent Technologies, Inc.
Thermo Fisher Scientific Inc.
ABB Ltd.
Metrohm AG
Perkinelmer Inc.
Bruker Corporation
Jasco Corporation
Hitachi High-Tech Corporation
MKS Instruments, Inc.
Anton Paar GmbH

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