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CRO Mass Spectroscopy Services Market Size & Share, By Service Type (Proteomics Services, Metabolomics Services, Others), End Use (Pharmaceutical & Biopharmaceutical Companies, Medical Device Companies, Others), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 5771

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

CRO Mass Spectroscopy Services Market surpassed USD 843.52 Million in 2023 and is expected to exceed USD 3.49 Billion by end of the year 2032, observing around 17.1% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 843.52 Million

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

17.1%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 3.49 Billion

19-23 x.x %
24-32 x.x %
CRO Mass Spectroscopy Services Market

Historical Data Period

2019-2023

CRO Mass Spectroscopy Services Market

Largest Region

North America

CRO Mass Spectroscopy Services Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

The increasing adoption of personalized medicine and rising investments in healthcare research and development are driving the growth of the CRO Mass Spectroscopy Services Market. Additionally, the growing demand for advanced analytical techniques in drug discovery and development is fueling the market growth.

Report Scope

Report CoverageDetails
Segments CoveredService Type, End Use
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAlturas Analytics, BGI Group, Charles River Laboratories International Inc, Creative Proteomics, Evotec SE, Inotiv, Bioanalytical Systems, Labcorp Drug Development, MtoZ-Biolabs, PPD, WuXi AppTec, Eurofins Scientific, MS Bioworks, Novatia LLC, Alphalyse, Metabolon, Biocrates life sciences AG, Biognosys, Proteome Sciences, Rapid Novor Inc, iBET, BioCAT, Olink, AxisPharm, MtoZ-Biolabs Inc, Somalogic Inc, Seer

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Industry Restraints:

The stringent regulatory requirements and high costs associated with mass spectrometry services are major restraints hindering the growth of the market. Moreover, the lack of skilled professionals in the field of mass spectrometry is also impeding market growth.

Regional Forecast:

CRO Mass Spectroscopy Services Market

Largest Region

North America

46% Market Share in 2023

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North America:

The CRO Mass Spectroscopy services market in North America is expected to experience significant growth due to the presence of numerous pharmaceutical and biotechnology companies in the United States and Canada. These countries have well-established healthcare infrastructure, advanced research facilities, and a high demand for mass spectroscopy services in drug discovery, metabolomics, proteomics, and other applications.

Asia Pacific:

In Asia Pacific, particularly in China, Japan, and South Korea, the CRO Mass Spectroscopy services market is also anticipated to witness substantial growth. The increasing investment in healthcare research and development, growing pharmaceutical industry, and rising adoption of advanced technologies are driving the demand for mass spectroscopy services in the region. China, with its large population and expanding healthcare sector, is expected to be a key market for CRO Mass Spectroscopy services.

Europe:

The market for CRO Mass Spectroscopy services in Europe, including the United Kingdom, Germany, and France, is projected to grow steadily due to the presence of leading pharmaceutical companies, academic research institutes, and government initiatives promoting research and development activities in the region. The increasing focus on personalized medicine, drug safety, and efficacy testing is driving the demand for mass spectroscopy services in Europe.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
CRO Mass Spectroscopy Services Market
CRO Mass Spectroscopy Services Market

Segmentation Analysis:

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In terms of segmentation, the global CRO Mass Spectroscopy Services market is analyzed on the basis of Service Type, End Use.

CRO Mass Spectroscopy Services Market:

Proteomics Services:

The proteomics services segment in the CRO mass spectroscopy services market is expected to witness significant growth due to the rising demand for protein analysis in drug discovery and development. Proteomics services play a crucial role in studying the structure and function of proteins, leading to the identification of potential drug targets. Pharmaceutical and biopharmaceutical companies are the major end users of proteomics services, driving the growth of this segment.

Metabolomics Services:

Metabolomics services are gaining traction in the CRO mass spectroscopy services market, as they enable comprehensive analysis of metabolites in biological samples. The metabolomics services segment is anticipated to grow at a steady pace, supported by the increasing focus on precision medicine and personalized healthcare. Pharmaceutical and biopharmaceutical companies, as well as medical device companies, are investing in metabolomics services to gain insights into metabolic pathways and biomarker discovery.

Others:

In addition to proteomics and metabolomics services, the CRO mass spectroscopy services market offers other specialized services such as lipidomics, glycomics, and small molecule analysis. These services cater to the diverse needs of researchers and clinicians in various industries, including pharmaceutical, biopharmaceutical, and medical devices. The demand for these services is expected to increase with advancements in mass spectroscopy technology and the growing emphasis on multidimensional data analysis in life sciences research.

Pharmaceutical & Biopharmaceutical Companies:

Pharmaceutical and biopharmaceutical companies are the primary end users of CRO mass spectroscopy services, driving the demand for proteomics, metabolomics, and other specialized services. These companies rely on mass spectroscopy for drug discovery, development, and quality control processes. With the expanding pipeline of biologics and small molecule drugs, pharmaceutical and biopharmaceutical companies are outsourcing mass spectroscopy services to CROs to accelerate research and ensure regulatory compliance.

Medical Device Companies:

Medical device companies are increasingly utilizing CRO mass spectroscopy services for product development and testing. Mass spectroscopy is employed in the analysis of medical devices, biomaterials, and drug-device combinations to ensure product safety and efficacy. The collaboration between medical device companies and CROs for mass spectroscopy services is expected to grow, driven by the demand for innovative diagnostic and therapeutic technologies. Other industries such as food and agriculture are also exploring mass spectroscopy services for quality control and safety testing purposes.

Others:

Apart from pharmaceutical, biopharmaceutical, and medical device companies, other industries such as academic research institutions, contract research organizations, and forensic laboratories are availing CRO mass spectroscopy services for diverse applications. These industries rely on CROs for high-throughput mass spectroscopy analysis, method development, and data interpretation. The increasing adoption of mass spectroscopy services across different end users showcases the versatility and potential growth opportunities in the CRO mass spectroscopy services market.

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Competitive Landscape:

The competitive landscape of the CRO Mass Spectroscopy Services Market is characterized by a diverse array of companies that offer specialized analytical services to pharmaceutical, biotechnology, and academic institutions. The market is marked by the presence of both established players and emerging firms, each vying for a stronger foothold through technological advancements and strategic partnerships. Key drivers of competition include the ability to provide comprehensive, high-quality data analysis, compliance with regulatory standards, and the capability to handle complex samples with specialized methodologies. Additionally, market players are focusing on expanding their global reach and enhancing service portfolios to meet the growing demand for mass spectrometry in drug development, biomarker discovery, and proteomics research. As new technologies emerge, companies are investing in innovation to differentiate their offerings and optimize operational efficiencies, which will further shape the competitive dynamics in this sector.

Top Market Players

- Thermo Fisher Scientific

- Agilent Technologies

- Waters Corporation

- Sciex (a Danaher company)

- Bruker Corporation

- Eurofins Scientific

- PerkinElmer

- Charles River Laboratories

- LGC Limited

- Bioanalytical Systems Inc.

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CRO Mass Spectroscopy Services Market Size & Share...

RD Code : 24