mass spectrometry software Market

The mass spectrometry software market was valued at US$ 5,037.56 million in 2019 and is projected to reach US$ 8,541.36 million by 2027; it is expected to grow at a CAGR of 7.0% from 2020 to 2027.

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 mass spectrometry software market is estimated to grow significantly in the coming years owing to rise in software solution launches for mass spectrometry. There is a significant rise in the number of bioinformatics companies. Companies are significantly investing in the development of software and solution that enable automated, efficient, and effective transcription of data. Some of the recent mass spectrometry software launches are as follows:

• In July 2020, SCIEX (Danaher Corporation), a life science analytical technologies firm, has launched its fully integrated SCIEX OS Software, which is compatible with Echo MS System and the SCIEX Triple Quad 7500 LC-MS/MS System (QTRAP Ready). The SOFTWARE offers usability, efficiency, and integrity to the researchers. These features further help in auto-detection of sample failures, auto-corrective action, review by exception flags, peak modeling improves peak finding and integration, automated result checking and outlier removal and intuitive audit trails ensure full traceability and accountability.

• In May 2020, Thermo Fisher Scientific Inc. has introduced its new products based on its leading Orbitrap platform for expanded research applications. It has launched Thermo Scientific Orbitrap Exploris 240 mass spectrometer and Thermo Scientific Orbitrap Exploris 120 mass spectrometer. These spectrometers are an extended version of the Thermo Scientific Orbitrap Exploris 480 mass spectrometer. These systems are integrated with Thermo Scientific Proteome Discoverer 2.5 software and Thermo Scientific BioPharma Finder 4.0 software, and Thermo Scientific Xcalibur 4.4 software. The company's new product portfolio is meant to address the requirements of biopharmaceutical characterization of small molecules through proteomics and metabolomics. The systems and software aim to solve the challenges of the analytical performance required for research and improved quality outcome analyses.

• In April 2019, Agilent Technologies, Inc. launched a new, improved series of mass spectrometry software and solutions. It includes MassHunter Quantitative Analysis 10.0 software, New MassHunter Classifier software, MassHunter Lipid Annotator, and Agilent Bravo Metabolomics Sample Prep Platform. The newly launched products are designed to perform food testing, environmental screening, and metabolomics research laboratory workflows.

Based on deployment type, the mass spectrometry software market is segmented into cloud-based and on-premises. The cloud-based segment held the largest share of the market in 2019. Also, the segment is estimated to register the highest CAGR of in the market during the forecast period.

In terms of application, the mass spectrometry software market is segmented into pharmaceutical companies, research organizations and institutions, and others. The pharmaceutical companies segment held the largest share of the market in 2019. The same segment is estimated to register the highest CAGR in the market during the forecast period.

The German Society for Mass Spectrometry, Brazilian Society of Mass Spectrometry, National Mass Spectrometry Facility, and Russian Mass Spectrometry Interest Group are among the major secondary sources referred for preparing this report.