How Has the Liquid Chromatography Mass Spectrometry (LC-MS) Market Size Evolved in Recent Years?
The liquid chromatography mass spectrometry (lc-ms) market has seen considerable growth due to a variety of factors.
• The liquid chromatography mass spectrometry (LC-MS) market has experienced rapid growth recently. It is projected to rise from $6.82 billion in 2024 to $7.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.1%.
This growth can be attributed to increasing investments in research and development, greater use in environmental testing, a growing role in the pharmaceutical industry, and rising demand in the pharmaceutical and biotechnology sectors.
What are the Market Size and Expected Growth Rates for the Liquid Chromatography Mass Spectrometry (LC-MS) Market?
The liquid chromatography mass spectrometry (lc-ms) market is expected to maintain its strong growth trajectory in upcoming years.
• The liquid chromatography mass spectrometry (LC-MS) market is set for rapid growth, reaching $13.57 billion by 2029, with a CAGR of 14.7%.
This expansion is fueled by the increasing number of clinical trials aiming for better results, more emphasis on research and development, rising pollution levels, growing demand for sustainable environmental policies, and increasing environmental awareness. Key trends include advanced technological innovations, increased product and tech innovation, growing research focus, and progress in metabolomics and proteomics.
Which Key Drivers Are Propelling The Liquid Chromatography Mass Spectrometry (LC-MS) Market's Growth?
The growing number of clinical trials is expected to drive the liquid chromatography-mass spectrometry (LC-MS) market. Clinical trials are essential for testing new medical treatments, and their rise is driven by advancements in medical research, an increase in chronic diseases, and regulatory support. LC-MS is crucial in clinical trials as it allows accurate analysis of biological samples, aiding in drug development and personalized medicine. According to ClinicalTrials.gov, the number of global clinical trials increased from 437,512 in 2022 to 477,234 in 2023. Therefore, the growing number of clinical trials is driving the LC-MS market.
What Are The Key Segments Within The Global Liquid Chromatography Mass Spectrometry (LC-MS) Market?
The liquid chromatography mass spectrometry (LC-MS) market covered in this report is segmented –
1) By Product Type: Normal-Phase Liquid Chromatography (NPLC), Reversed-Phase Liquid Chromatography (RPLC), Ion Exchange Liquid Chromatography (IELC), Size Exclusion Liquid Chromatography (SELC), High-Performance Liquid Chromatography (HPLC), Ultra-High Pressure Liquid Chromatography (UHPLC), Low-Pressure Liquid Chromatography (LPLC), Other Product Types
2) By Platform: Single Mass Spectrometry, Hybrid Mass Spectrometry, Other Platforms
3) By Application: Pharmaceutical, Biotechnology, Petrochemical, Environmental Testing, Food And Beverage Testing, Other Applications
4) By End-User: Biotechnological And Pharmaceutical Industries, Research Laboratories, Diagnostic Laboratories, Industrial, Government And Public
Subsegments:
1) By Normal-Phase Liquid Chromatography (NPLC): Traditional Normal-Phase Liquid Chromatography, Modified Normal-Phase Liquid Chromatography
2) By Reversed-Phase Liquid Chromatography (RPLC): C18 Reversed-Phase Liquid Chromatography, C8 Reversed-Phase Liquid Chromatography, Others (e.g., phenyl, cyano, etc.)
3) By Ion Exchange Liquid Chromatography (IELC): Cation-Exchange Chromatography, Anion-Exchange Chromatography
4) By Size Exclusion Liquid Chromatography (SELC): Gel Permeation Chromatography (GPC), Gel Filtration Chromatography (GFC)
5) By High-Performance Liquid Chromatography (HPLC): Analytical HPLC, Preparative HPLC
6) By Ultra-High Pressure Liquid Chromatography (UHPLC): Analytical UHPLC, Preparative UHPLC
7) By Low-Pressure Liquid Chromatography (LPLC): Analytical LPLC, Preparative LPLC
8) By Other Product Types: Flash Chromatography, Supercritical Fluid Chromatography (SFC)
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How Are New Trends Impacting The Size Of The Liquid Chromatography Mass Spectrometry (LC-MS) Market?
Big players in the liquid chromatography-mass spectrometry (LC-MS) sector are committed to rolling out innovative products such as high-performance LC-MS tools to amplify analytical sensitivity, precision, and speed, thereby enhancing the identification and measurement of intricate biological and chemical substances. High-performance liquid chromatography-mass spectrometry (LC-MS) devices refer to advanced investigative apparatus that are designed to provide outstanding sensitivity, accuracy, and agility in the detection and quantification of complex biological and chemical compositions. For example, Thermo Fisher Scientific, a medical device firm based in the US, in June 2024, introduced Stellar, a high-performance LC-MS instrument. This device is engineered for significant multiplexed targeted quantitation, merging high-speed throughput, intense sensitivity, and user friendliness to propel translational omics research and expedite groundbreaking findings more effectively.
Who Are the Key Players In The Liquid Chromatography Mass Spectrometry (LC-MS) Market?
Major companies operating in the liquid chromatography mass spectrometry (LC-MS) market are:
• Hitachi Ltd.
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Merck KGaA
• Agilent Technologies Inc.
• VWR International LLC
• PerkinElmer Inc.
• Shimadzu Corporation
• Waters Corporation
• Bruker
• SCIEX
• JEOL Ltd.
• Hamilton Company
• GL Sciences Inc.
• Phenomenex Inc.
• Analytik Jena GmbH+Co. KG
• Gilson Incorporated
• Skyray Instruments USA Inc.
• Advion Inc.
• JASCO
What Are The Regional Insights Into The Liquid Chromatography Mass Spectrometry (LC-MS) Market?
North America was the largest region in the liquid chromatography mass spectrometry (LC-MS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid chromatography mass spectrometry (LC-MS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
