Global LC-MS market to exhibit CAGR of 6.9 percent
Posted: 11 September 2019 | Victoria Rees (European Pharmaceutical Review) | No comments yet
Research has found that the worldwide LC-MS market will be worth $2750 million by the end of the forecast period in 2024.
A study has found that the global liquid chromatography-mass spectrometry (LC-MS) market will increase at a CAGR of 6.9 percent in the forecast period 2019 to 2024.
According to Market Study Report, the worldwide market is currently valued at $1840 million but will grow to $2750 million by 2024. The report found that the top three producers for the LC-MS industry account for approximately 67.34 percent of the revenue market.
LC-MS is a technique used in separation, general detection and identification of chemicals. It can also be used for mass-directed purification of substances and to quantify product quality characteristics, within processes such as multi-attribute method (MAM) workflows.
Other findings from the report include the US being the largest manufacturing region and consumer of LC-MS products.
The prices of LC-MS products are predicted by the report to decrease, due to an intensified competition. The key players in the industry include Thermo Fisher Scientific, Agilent Technologies and SCIEX.
Related topics
Analytical techniques, Mass Spectrometry, QA/QC, Research & Development (R&D)
