Clinical Mass Spectrometry Market Overview:
Increasing demand of the clinical mass spectrometry in medicine is a major trend being seen recently. It is a qualitative and quantitative tool for the assessment of complex mixtures in the phases of drug development. This allows for the detection of diseases at an earlier stage, with more accuracy, when the treatment is highly effective. The quality of treatment therefore betters for the patient, and thereby, reduces the overall costs of the treatment. Rise in aging population, low immunity and rise in diseases has led to a great boost to the market. Microbial identification, especially, is a reliable, rapid and cost-effective method for the identification of likely causes of the disease. Currently, the most common type of diagnosis used is the LC-MS/MS and the MALDI-TOF. The LC-MS/MS is the vitamin, drug, toxicity detector while the MALDI-TOF is used for direct tissue analysis.
Clinical Mass Spectrometry Market Size:
The global Clinical Mass Spectrometry Market was valued at USD XX million in 2015 and is estimated to grow at a CAGR of xx% till 2023.
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Clinical Mass Spectrometry Market Drivers and Restraints:
The clinical mass spectrometer has a capacity to analyse a wide range of samples such as bio marks, proteins or drug molecules, thus making them an effective tool for medical laboratories. Research in the field of spectrometry has led to the miniaturization of the tools and increased automation. However, these tools are expensive and not all healthcare centres can afford them. They are also manually maintained which makes it labour intensive and unsuitable in case of budget constraints. Of course, government regulations regarding this tool is stringent and needs to be certified on quality, resources and workflow before being used in the clinics, but with its benefits abound, the market seems to be looking up in years to come.
Clinical Mass Spectrometry Market Geographical Segmentation:
The US holds about 41% of the market share followed by EMEA and Asia Pacific regions. North America has a number of players in the country that facilitate fast growth with rapid adaptation than other countries. About 7 billion tests are performed in a year in the US, and because of the accuracy of results with the mass spectrometer, there has been a spur of activity of all healthcare centres switching to this option. Europe and Asia Pacific are investing heavily in the R&D of this tool to enable the best healthcare services to the people. Growth in technology and rise in diseases and want for a better living has led to a boom of the market in these emergent regions.
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Key Players of Clinical Mass Spectrometry Market:
Some of the top players include Thermo Fisher, AB Sciex, Waters, Agilent, Bruker, Perkin Elmer, Shidmazu and others.
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