Liquid Chromatography Mass Spectrometry (LCMS) is an analytical technique that combines the physical separation capabilities of liquid chromatography with the mass analysis capabilities of mass spectrometry. This separation technique has various advantages such as identification of unknown compounds, quantification of known impurities, metabolic stability, and degradation kinetics. It is widely used in pharmaceutical, biotechnology, environmental testing, food and beverage testing industries.
The global Liquid Chromatography Mass Spectrometry (Lcms) Market is estimated to be valued at Us$ 5.52 Bn in 2024 and is expected to exhibit a CAGR Of 9.1% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements is one of the key trends driving the growth of the Liquid Chromatography Mass Spectrometry (LCMS) market. LCMS technologies have evolved significantly over the past few years. Newer instruments offer improved sensitivity, resolution, automation, and ease-of-use. For instance, hybrid quadrupole-time of flight (Q-TOF) LCMS systems provide fast sequencing and confident compound identification. These systems offer accurate mass measurement capabilities and wide mass range analysis. Introduction of advanced software and machine learning algorithms has also enabled automated data analysis and reporting. Such technological developments are augmenting the adoption of LCMS across various end-use industries.
Segment Analysis
The global liquid chromatography mass spectrometry (LCMS) market is dominated by triple quadrupole (QQQ) systems sub segment. Triple quadrupole mass spectrometers are highly popular as they enable both qualitative and quantitative analysis of target compounds from complex mixtures in a single run. The technique is able to separate, identify and quantify several compounds simultaneously with good specificity and sensitivity. It finds wide application in pharmaceutical, biotechnology and clinical research which drives the demand for QQQ systems.
Key Takeaways
The Global LCMS Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global Liquid Chromatography Mass Spectrometry (LCMS) Market is estimated to be valued at US$ 5.52 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030.
Regional analysis :
North America currently holds the major share of the global LCMS market due to strong penetration of LCMS techniques in pharmaceutical and biotechnology industries for drug discovery and development activities in the region. However, Asia Pacific is expected to witness highest CAGR during the forecast period supported by rising healthcare expenditure, increasing investments in research and growing outsourcing of clinical trials to low cost destinations in the region. China and India are likely to be the major contributors to the Asia Pacific LCMS market growth.
Key players :
Key players operating in the liquid chromatography mass spectrometry (LCMS) market are Toyota, Agilent Technologies, Thermo Fisher Scientific, Danaher Corporation, Bruker Corporation, Shimadzu Corporation, PerkinElmer, Waters Corporation, JEOL Ltd, Analytik Jena AG. The major players are focusing on new product launch and expansion in emerging markets to strengthen their market position. For instance, in 2022, SCIEX launched new triple quadrupole and hybrid quadrupole time-of-flight mass spectrometers to expand its portfolio of life science and clinical research solutions.
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