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Global CRO Mass Spectroscopy Services Market was Worth 621.10 Mn in 2021 and is Expected to Reach 2486.62 Mn by 2029, Projected to Grow at a CAGR of 16.79% over the Forecast Period (2022 – 2030); A Report by Absolute Markets Insights

Published On 27 Jul 2022 03:52 PM


An analytical technique for determining the mass-to-charge ratio of one or more molecules in the sample is mass spectroscopy. By classifying gaseous ions in magnetic and electric fields according to the mass change ratios, chemical compounds are detected in mass spectrometry. Proteomics, metabolomics, lipidomics, glycomics, and flow cytometry services are just a few of the popular CRO mass spectroscopy services. There is a rising need for specialized and all-inclusive CRO mass spectroscopy services that are tailored to specific needs as a result of the need to increase R&D and testing volume. The CRO mass spectroscopy services market had a little setback during the early COVID-19 pandemic months, which had an impact on the industry's growth. However, the COVID-19 pandemic has turned out to be beneficial for CRO mass spectroscopy services since more pharmaceutical and biotechnology businesses are outsourcing mass spectroscopy services for testing purposes, which has greatly increased market revenue.

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Due to the growing use of advanced technology to boost industry growth, pharmaceutical businesses are increasingly using CRO mass spectroscopy services as a part of outsourcing research and development operations in order to remain competitive in the market. Additionally, to boost the success rate of drug discovery programmes and lower R&D expenses, pharmaceutical firms work to optimise and speed up every step of early drug development as well as clinical trials. The adoption of new technologies and regulations by biopharmaceutical businesses is known to be a cost-effective solution that involves outsourcing. Outsourcing is a good choice for optimising the company's R&D investment while boosting top-line and bottom-line revenue, thus it is expected that trends in this direction will persist. Thus, during the past ten years, corporations have come under increasing pressure to outsource their R&D operations as a result of strict regulatory processes relating to drug development, clinical trials, and medication safety. This has accelerated the CRO mass spectroscopy services market expansion.

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During the Covid-19 more pharmaceutical and biotechnology businesses are outsourcing mass spectroscopy services for testing purposes, which has greatly increased market income, the COVID-19 pandemic has proven to be favorable for CRO mass spectroscopy services. Due to the growing emphasis on cutting-edge techniques that can swiftly evaluate the interaction between human host cell proteins and present and future infectious illnesses, the COVID-19 pandemic brought about significant benefits to the CRO MS services business. In addition to genetic data, mass spectrometry (MS) can provide useful diagnostic data that can help learn more about the COVID-19 illness brought on by the SARS-CoV-2 virus. Thus, during covid-19 the CRO mass spectroscopy service market experienced a huge growth.

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Market Segmentation

By Services

The CRO mass spectroscopy services market is segmented into proteomics, metabolomics, Multi-omics services, Glycomics Services and others. Proteomics services had a market value of USD 216.77 million in 2021 and are predicted to reach USD 889.84 Million. Proteomics is widely used in the study of diseases, the search for biomarkers, and the creation of new drugs. Protein modifications, protein abundance, protein compound interactions and protein-protein interactions are among the many aspects of a proteome that may be studied using proteomics services and techniques. Additionally, it is getting difficult for businesses to locate all of the in-house knowledge required to handle all of the proteomics-related operations. Thus, a growing proteomics alliance is anticipated to increase the income of CRO mass spectroscopy services.

By End Users

The End Users segment in the CRO mass spectroscopy services market is segmented into Research Centers, Biopharmaceutical and Pharmaceutical companies, Medical Device Companies, Clinical Diagnostics, Others. Biopharmaceutical and Pharmaceutical companies had the highest share in the 2021 with USD 259.90 Million followed by research centers segment with USD 142.16 Million. The amount of clinical trials is steadily increasing due to the rising frequency of chronic diseases, which is fueling a rise in demand for CRO mass spectroscopy services. The segmental expansion will also be fueled by rising government assistance, rising demand for CRO mass spectroscopy services, and rising investments in R&D to create innovative pharmaceuticals.

By Region

The market for CRO mass spectroscopy services in North America was estimated to be worth around USD 237.16 million in 2021, and is expected to register CAGR 16.94% to reach to a value of USD 961.07 MN by 2030. The region's extensive drug research efforts together with the pervasive presence of pharmaceutical and medical device businesses have contributed to the market's growing expansion. The rise of the regional market is also being aided by an increase in the number of current clinical studies for the coronavirus, collaborations, increased investment in R&D activities, and changes in the regulatory environment. Furthermore, the market statistics for CRO mass spectroscopy services in the area are anticipated to be driven by rising government funding and manufacturers' increased focus on developing unique solutions. Moreover, the huge presence of the leading players in United States and Canada is supporting the growth of the CRO mass spectroscopy services market.

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Key Players - Global CRO Mass Spectroscopy Services Market

  • Alphalyse
  • Altasciences
  • AxisPharm
  • Alturas Analytics
  • BGI
  • biocrates inc.
  • Biognosys Inc
  • Biolabs Inc.
  • Charles River Laboratories
  • Creative Proteomics.
  • Evotec SE
  • LiVeritas Biosciences, Inc.
  • MS Bioworks
  • Novatia, LLC
  • PPD Inc.
  • Protagen Protein Services GmbH
  • NorthEast BioAnalytical Laboratories LLC
  • Waters Corporation
  • Other Industry Participants

Global CRO Mass Spectroscopy Services Market:

By Service Type

  • Targeted Proteomics
  • Biologics characterization
  • Metabolomics
  •  Multi-omics services
  • Glycomics Services
  • Others

By End Users

  • Research Centers
  • Biopharmaceutical and Pharmaceutical companies
  • Medical Device Companies
  • Clinical Diagnostics
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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Press Release Provided By: Absolute Markets Insights