Inductively coupled-plasma mass spectrometers (ICP-MS) utilize inductively coupled plasma for sample ionization and an MS for ion separation and quantification. The low detection limits and high productivity possible with ICP-MS are particularly useful for trace metal analysis and environmental testing, it is used in a variety of industries including, but not limited to, environmental monitoring, geochemical analysis, metallurgy, pharmaceutical analysis, and clinical research.
Common components of an ICP-MS system include a sample introduction system, ion source, vacuum system, collision and/or reaction cell, ion optics, mass spectrometer (often a quadrupole), and detector. Triple-quad ICP-MS enables MS-MS operation.
ICP-MS System Market Summary
According to the new market research report “ICP-MS System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global ICP-MS System market size is projected to reach USD 0.51 billion by 2029, at a CAGR of 3.2% during the forecast period.
- Global ICP-MS System MarketSize(US$ Million), 2018-2029
Source: QYResearch, "ICP-MS System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global ICP-MS System Top12Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "ICP-MS System- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of ICP-MS System include Sumitomo Electric Industries, Sino-Galvo, Jenoptik, Han's Scanner, Sill Optics, Excelitas Technologies, Scanlab, KYOCERA SOC, Sunny Technology, II-VI Incorporated, etc. In 2022, the global top 10 players had a share approximately 54.0% in terms of revenue.
In terms of product application, currently Environmental Analysis is the largest segment, hold a share of 36.5%.
Market Drivers and Opportunity:
Continuous innovation: Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies.
International cooperation, Industry integration Inter-enterprise cooperation, acquisitions and restructuring, opening new factories in low labor cost areas, etc.
Increasing demand from applied markets and requirement to comply with the revised regulatory norms.
High demand from the pharmaceutical Companies.
Rising demand for ICP-MS system in the food and beverage.
Increasing life science R&D spending.
Restraint:
Increased competition: The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, user-friendly interfaces, value-added benefits, and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
High Initial Cost Associated with ICP-MS system.
Lack of Skilled Personnel for Handling ICP-MS system.
Trade barriers between countries.
Downside risks to the global economy.
Price fluctuations of raw materials.
About The Authors
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