Novel Spectrometry Platforms Market Expected to Reach US$ 22.52 Billion by 2030 - Exclusive Report by InsightAce Analytic

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Aug 24, 2022, 07:00 ET

JERSEY CITY, N.J., Aug. 24, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Novel Spectrometry Platforms Market By Type of Spectrometers (Atomic Absorption Spectrometer,Mass Spectrometer, Near Infrared Spectrometer,Nuclear Magnetic Resonance Spectrometer, Raman Spectrometer, and X-Ray Fluorescence Spectrometer), End-user (Agriculture / Pesticide Testing, Environmental Analysis, Food Biotechnology, Forensic Analysis, Pharmaceutical Analysis, and other end users))- Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

According to the latest research by InsightAce Analytic, the global novel spectrometry platforms market is valued at US$ 12.33 billion, and it is expected to reach US$ 22.52 billion by 2030, with a CAGR of 7.26% during the forecast period of 2022-2030.

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Light is used in spectrometry to interact with matter and look at certain aspects of a sample to determine its consistency or structure. When you understand how electromagnetic radiation works and how it interacts with matter, you can better understand the different types of spectra and, as a result, the different spectrometry and how they can be used to resolve biological problems like figuring out how a muscle's metabolism works. Novel spectrometry techniques can monitor the dissolved oxygen content in freshwater and marine habitats and can be used to change the structure of drugs to improve their effectiveness. The appropriate spectroscopic approach is based on the application and the data required. It provides precise information on the types of intermolecular bonds or molecular alterations that occur during biochemical activities and the mitochondrial electron transport chain. Even in polluted samples, qualitative and quantitative measurements of biomolecules can be performed quickly and effectively. Spectrometric Analysis has been critical in pharmaceutical development for analyzing drug identification and purity, drug crystalline structures, interactions between active components and excipients, antibiotic patents, and much more.

During the projected period, the global market for Novel spectrometry is expected to be driven by the launch of new medications and the increasing desire of businesses to invest in enhancing product quality. In addition, spectrometric service providers are devoting extra resources to finding ways to incorporate cutting-edge features. As a result, the global market for Novel spectrometry is predicted to expand. The expansion of Novel spectrometry's applicability to industries outside of healthcare and the growing number of organizations willing to invest in biomedical research and develop low-cost generic drugs are all drivers fueling the market's expansion.

Conventional spectrometers face a number of difficulties, including a lack of automation in some devices, which reduces the devices' reproducibility and sensitivity. After successfully resolving various problems plaguing traditional spectrometers, novel spectrometers have emerged as a viable option. However, the worldwide spectrometry platforms market may be hampered by the high price of spectroscopy and a general lack of knowledge about the service's availability.

North America will continue to hold on to the novel spectrometry platforms market as the research and development funding is gradually increasing. Also advancements and a moderately large pipeline for chronic diseases will boost the infrastructure in the region.

Significant market players are Agilent Technologies Inc., Bruker, Danaher Corporation, JEOL Ltd., Kore Technology Ltd., Metrohm AG, LECO Corporation, PerkinElmer Inc., Rigaku Corporation, Shimadzu Corporation, Thermo Fisher Scientific Inc., Waters Corporation, Endress+Hauser Group, MKS Instruments, Inc., FLIR Systems, Inc., SCIEX, Analytik Jena, Rigaku Corporation, DANI Instruments, Advion, Inc., AMETEK Process Instruments, Extrel CMS, LLC, MassTech Inc., Hiden Analytical, and other prominent players

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Key developments in the market

In June 2022, Waters Corporation introduced new tools, software, and improvements to existing products to help with drug discovery and development. The products include the new XevoTM G3 quadrupole time-of-flight (QTof) mass spectrometer, CONFIRM Sequence, a new oligonucleotide sequencing confirmation app for the waters connectTM software platform, and an electrospray ionisation source for the high-resolution WatersTM SELECT SERIESTM Multi-Reflecting Time of Flight (MRT) mass spectrometer.
In Feb 2022, Agilent Technologies Inc. has acquired the artificial intelligence (AI) system created by Virtual Control and plans to implement the ACIES software into its market-leading gas chromatography and mass spectrometry (GS/MS) platforms in order to boost the efficiency, throughput, and precision of the high-throughput laboratories its services throughout the world. Agilent's purchase of the technology has extensive potential for expansion into other significant sectors, particularly in the areas of food testing and agriculture, environmental, and applied materials.
In Nov 2021, Thermo Fisher Scientific, Inc., has launched cutting-edge mass spectrometry equipment, procedures, and programmes. With the Orbitrap Exploris MX mass detector from Thermo Scientific, biopharmaceutical labs may simply adopt multi-attribute method (MAM) and conduct intact analysis of monoclonal antibodies, oligonucleotide mass determination, and peptide mapping.
In July 2021, A strategic relationship has been formed between SCIEX and Genedata, to create innovative software solutions for the biopharmaceutical mass spectrometry market. This smart software and hardware integration will enable biopharma companies to characterize increasingly complicated molecules with higher certainty and speed, ultimately allowing them to hasten the discovery of innovative drugs.
In Jan 2021, Avacta and Bruker have signed an agreement to work together to test the clinical usefulness of the high throughput bead assisted mass spectrometry (BAMSTM) test for SARS-CoV-2 infection that was made with Adeptrix.

Market Segmentation:

Global Novel Spectrometry Platforms Market, by Type of Spectrometers, 2022-2030 (Value US$ Mn)

Atomic Absorption Spectrometer
Mass Spectrometer
Near Infrared Spectrometer
Nuclear Magnetic Resonance Spectrometer
Raman Spectrometer
X-Ray Fluorescence Spectrometer

Global Novel Spectrometry Platforms Market, by End User Industry, 2022-2030 (Value US$ Mn)

Agriculture / Pesticide Testing
Environmental Analysis
Food Biotechnology
Forensic Analysis
Pharmaceutical Analysis
other end users

Global Novel Spectrometry Platforms Market, by Region, 2022-2030 (Value US$ Mn)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

North America Novel Spectrometry Platforms Market, by Country, 2022-2030 (Value US$ Mn)

U.S.
Canada

Europe Novel Spectrometry Platforms Market, by Country, 2022-2030 (Value US$ Mn)

Germany
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific Novel Spectrometry Platforms Market, by Country, 2022-2030 (Value US$ Mn)

India
China
Japan
South Korea
Australia & New Zealand

Latin America Novel Spectrometry Platforms Market, by Country, 2022-2030 (Value US$ Mn)

Brazil
Mexico
Rest of Latin America

Middle East & Africa Novel Spectrometry Platforms Market, by Country, 2022-2030 (Value US$ Mn)

GCC Countries
South Africa
Rest of Middle East & Africa

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Why should buy this report:

To receive a comprehensive analysis of the prospects for the global novel spectrometry platforms market
To receive an industry overview and future trends of the novel spectrometry platforms market
To analyze the novel spectrometry platforms market drivers and challenges
To get information on the novel spectrometry platforms market size (Value US$ Mn) forecast to 2030
To get information on investments, mergers & acquisitions in the novel spectrometry platforms industry

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