Mass Spectrometry Market Set For Lucrative Growth In Coming Years

By Author: Pramod Kumar
Total Articles: 97
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Due to the surging healthcare expenditure in several countries, rapid technological advancements and innovations in mass spectrometry devices, and the increasing concerns being raised over food safety, the global mass spectrometry market is predicted to exhibit huge expansion in the coming years. Many pharmaceutical companies are increasingly focusing on attaining good distribution practice (GDP) and good manufacturing practice (GMP) certifications, which is also fueling the growth of the market across the globe.

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In several countries, food contamination has rapidly become a major issue over the last few years. The presence of chemicals, pathogens, and toxins in food items causes food contamination and makes it unfit for human consumption. In the food processing industry, poor water quality is a leading cause of food contamination. Therefore, in order to detect microorganisms in food products and ensure food safety, the companies operating in the food and beverages industry are increasingly ...
... adopting mass spectrometry.

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These excipients are basically the key ingredients used in the pharmaceutical products for safeguarding the safety of patients. Organizations such as the European Fine Chemical Group, the International Pharmaceutical Excipients Council (IPEC) Federation, and the Pharmaceutical Quality Group (PQG) are formulating certification programs for excipient suppliers. On the basis of platform, the market is divided into single and hybrid categories. Between these two categories, the hybrid one is predicted to hold higher share in the market in the near future.

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Hence, it is safe to say that the market would exhibit rapid advancement in the upcoming years, primarily because of the growing requirement for mass spectrometry in the food and beverages industry and their increasing usage by pharmaceutical companies for screening the impurities present in excipients.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.