According to “The Insight Partners” latest study on “The global Mass Spectrometry Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Deployment Type and Application,” the market is expected to reach US$ 8,541.36 million by 2027 from US$ 5,037.56 million in 2019. The market is estimated to grow at a CAGR of 7.0% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
Factors, such as increasing applications of genomics and proteomics and growing software launches, are expected to propel the growth of the market. However, challenges associated with mass spectrometry software such as handling systems, scarcity of skilled professionals for reading the correct data and analysis, and workflow management, are the major factor hindering the market growth.
The growth of the mass spectrometry software market is mainly attributed to factors such as increasing applications of genomics and proteomics and growing software launches, are expected to propel the growth of the market. However, challenges associated with mass spectrometry software is the major factor hindering the market growth.
Moreover, factors, such as rising incidence of chronic diseases, growing demand for immunoassays for diagnosing, and increasing technology development, are expected to evolve mass spectrometry and its software. Hence, it is expected that the healthcare industry would experience highly automated technologies with various features that are suitable for medical devices. These technologies are compatible for both laboratory and laboratory free applications in the near future.
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The list of the growth strategies done by the players operating in the mass spectrometry software market:
Nov-20 = News -> PerkinElmer, Inc., launched its newest ChemDraw application, ChemOffice+ Cloud, to simplify, facilitate and accelerate chemistry communication workflows.
For customers with Waters Xevo TQ-S micro and Xevo TQ-XS mass spectrometers running on MassLynx Software version 4.2, Waters is introducing a new interface to Skyline software, the freely-available, open source software for targeted proteomics.
Jun-20 = News -> The MassLynx/Skyline interface is an easy-to-use tool for auto-optimizing and fine-tuning high-sensitivity MRM assays on tandem quadrupole mass spectrometers for bioanalytical or targeted proteomics experiments that are part of drug discovery research.
In the future, there would be continuing evolution of mass spectrometry, which is expected to drive the demand for powerful software, solutions, or platforms. Growing applications of proteomics are significantly contributing to the upgrading of mass spectrometry software, as it requires more sensitive and shortcut protocols to analyze the research studies. In addition, there is a significant growth in demand for diagnosis and treatment of genetic, rare genetic disorders, cancer, and other chronic diseases that require fully automated systems. Therefore, clinical research is likely to continue using mass spectrometry for clinical diagnosis.
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