The market for gas chromatography and gas chromatography-mass spectrometry is expanding as a result of a variety of causes, including an increase in the usage of these technologies in industrial, government, and medical settings. Other factors include improvements in GC-MS technology, rising demand for high-quality data output, increased awareness of the need to reduce environmental contamination, and emerging markets including those in Asia Pacific and Latin America. Additionally, the rise of smart laboratories is anticipated to fuel this market's expansion between 2021 and 2031.
Different businesses utilize gas chromatography and gas chromatography-mass spectrometry for a variety of purposes. As a result, there is a high demand for trustworthy, accurate, and reliable analysis systems. In addition, there is a growing demand for extremely complex technology to match the exacting quality standards in the sectors that use GC-MS systems. As a result, GC-MS systems have become more effective, accurate, and efficient.
Compared to other analytical techniques, gas chromatography and gas chromatography-mass spectrometry provide a number of advantages. Some of these capabilities include the capacity to evaluate both volatile and non-volatile substances, identify components at extremely low levels, analyze data quickly, prepare samples automatically, and be economical. The markets for gas chromatography and gas chromatography-mass spectrometry have grown as a result of all these considerations.
Analytical methods like gas chromatography and gas chromatography-mass spectrometry are used to separate, recognize, and quantify the different components of a mixture. A variation of GC called GC-MS involves ionizing molecules first and then separating them using a chromatograph. Environmental studies, clinical research, and medication testing are just a few examples of the many medical applications it is utilized in. To guarantee the quality and safety of products, GC and GC-MS systems are often employed in industrial applications.
Due to the increasing demand for these analytical techniques across a range of end-user sectors, the global market for gas chromatography and gas chromatography-mass spectrometry is anticipated to expand significantly between 2021 and 2031. Companies may better grasp industry trends with the use of this market analysis, giving them the knowledge necessary to make wise decisions and achieve a competitive edge.
The market for gas chromatography and gas chromatography-mass spectrometry is anticipated to expand quickly between 2021 and 2031. This market's expansion is attributable to the rising demand for GC and GC-MS across a range of end-user sectors. The market for gas chromatography and gas chromatography-mass spectrometry is thoroughly examined by type, application, and geography in this market study.
The Global Gas Chromatography (GC) and Gas Chromatography-Mass Spectrometry (GC-MS) market was valued at USD 1461.2 million in 2021 and is projected to reach USD 2015.3 million by 2031, at a CAGR of 4.7% during 2021-2031.
The market for gas chromatography and gas chromatography-mass spectrometry is expanding, but there are various restraints that could prevent it from expanding further. These include a lack of employees with the necessary skills to operate complex GC-MS systems, the high operational costs of GC-MS systems, the scarcity of appropriate software for data analysis, and the slow uptake in emerging nations. However, these variables are anticipated to diminish over the next several years as more people become aware of the benefits of GC-MS systems.
Agilent Technologies Inc., PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., LECO Corporation, Restek Corporation, JEOL Ltd., SCION Instruments, Bruker Corporation, Waters Corporation, Merck KGaA, and other leading companies are the major market participants in gas chromatography and gas chromatography-mass spectrometry. To acquire a competitive advantage in the market, many businesses are concentrating on enhancing their product offers. During the anticipated term, this market's expansion is also going to be fueled by the rising need for analytical services. Additionally, this market is anticipated to rise as a result of technical developments such as automated gas chromatographs and cloud-based data analysis tools.
Gas Chromatography segment forms major portion of the market
During the projection period, the Gas Chromatography segment is anticipated to expand at a faster CAGR. This expansion can be due to its broad range of uses in numerous end-user industries, including the medical, governmental, and industrial sectors. Additionally, the need for gas chromatography has been fueled by the accessibility of automated GC equipment.
Medical segment to be on top of the market
During the forecast period, a greater CAGR is anticipated for the medical segment. This expansion can be ascribed to the rising need for GC and GC-MS in environmental investigations, clinical research, and drug testing. Rising public awareness of the value of precise diagnosis and treatment is another factor propelling this market's expansion.
Asia Pacific to dominate the market
During the projected period, a greater CAGR is predicted for the Asia Pacific area. This expansion is explained by the region's expanding need for GC-MS in the pharmaceutical, oil and gas, and environmental testing industries. Additionally, growing investments by businesses in the healthcare industry are fueling this market's expansion in the area.
Covid-19 Impact & Market Status
The market for mass spectrometry and gas chromatography has been significantly impacted by the new coronavirus outbreak. Due to supply chain disruptions, lockdown procedures, and end-user expenditure reductions, it is anticipated that there will be a short-term decline in the market for these systems. The expansion of this market is also being impacted by the rising incidence of COVID-19 patients. However, as the demand for these systems rises as a result of their application in drug testing and environmental studies, the market is anticipated to recover and expand steadily over the long term.
Latest Innovations in the Global Gas Chromatography (GC) and Gas Chromatography-Mass Spectrometry (GC-MS) Market: A Snapshot
The market for gas chromatography and gas chromatography-mass spectrometry is seeing an increase in advancements related to better methods and systems. These consist of software for effective data handling, automated systems, and cloud-based data analysis. This market is likely to rise over the forecast period as a consequence of these advances, which are anticipated to increase findings' accuracy and cut down on testing time.
Gas Chromatography (GC) and Gas Chromatography Mass Spectrometry (GC-MS) Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 2015.3 million|
|Growth Rate||CAGR of 4.7 % during 2021-2030|
|Segment Covered||By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Agilent Technologies Inc., PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., LECO Corporation, Restek Corporation, JEOL Ltd., SCION Instruments, Bruker Corporation, Waters Corporation, Merck KGaA, and other|
Key Segments of the Gas Chromatography (GC) and Gas Chromatography Mass Spectrometry (GC-MS) Market by Type
• Gas Chromatography
• Gas Chromatography
• Mass Spectrometry
By Application Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and Africa