GC and GC-MS Market Growth Analysis | 2023-2028

Market Insights

The GC and GC-MS Market was estimated at USD xx million in 2022 and is likely to grow at a CAGR of 5.4% during 2023-2028 to reach USD xx million in 2028.

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What is GC-MS (Gas Chromatography/ Mass Spectroscopy?

Chromatography is a technique for separating chemical substances that rely on differences in partitioning behavior between a stationary phase and a flowing mobile phase to separate the components in a mixture. GC-MS (Gas Chromatography/ Mass Spectroscopy) is another useful technique for determining the components of a given mixture, by using the retention times and the abundance of the samples.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the GC and GC-MS industry due to supply chain disruptions amid the lockdown. Although, a significant rise in coronavirus-affected patients resulted in surging demand for breathing and detection of the chemical signature of Acute Respiratory Distress Syndrome (ARDS) in its very early stages, which is a precursor to most COVID-19 infections. This led to a rise in the market growth during the pandemic.

Key Players

Key players operating in the market are-

• Thermo Fisher (The U.S),
• AB Sciex (Canada),
• Waters (The U.S),
• Agilent (The U.S
• Bruker (The U.S),
• Perkin Elmer (The U.S),
• Shimadzu (Japan),
• LECO (The U.S),
• AMD (The U.S).

Market Dynamics

Rising adoption of GC-MS in the pharmaceutical sector is one of the key factors boosting the industry growth

• The use of GC for drug testing, especially to determine the purity and efficiency of new drug analytes, also offers immense opportunities to the industry players.
• Moreover, the combination of gas chromatography and mass spectrometry, GC-MS is widely used for the detection of drugs, identification of unknown samples, fire investigation, environmental analysis, and explosives investigation, further increasing product adoption, and thus bolstering the market growth.

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Segment's Analysis

By Type

Based on type, the GC and GC-MS market is classified into gas chromatography systems and GC-MS systems.

• The gas chromatography system segment held a healthy share in 2022 and is projected to grow at a robust CAGR during the assessment period.
• Gas chromatography (GC) is predominantly accepted in both scientific and legal sector, for quantification, separation, and identification of drug analytes, especially at low levels of concentration, which further bolsters the segment growth.

Regional Insights

By region, the North American market accounted for the largest share in 2022 and is expected to grow at a substantial CAGR in the following years.

• This is mainly ascribed to the increasing number of conferences for chromatography technologies along with growing venture capital funding in the U.S.
• Moreover, rising pharmaceutical & biotechnology industries and technological developments such as miniaturization, automation, and computerization of devices in the U.S., further proliferate the regional market growth.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The GC and GC-MS market is segmented into the following categories.

By Type

• Gas Chromatography Systems
• GC-MS Systems

By Application Type

• Pharma & Biotech
• General and Environmental Testing
• Agriculture and Food
• Academia
• Oil and Gas
• Government Test
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Target Audience

Here is the list of the group of customers that the GC and GC-MS market hopes to have the greatest opportunity to convert-

• GC and GC-MS vendors
• GC and GC-MS retailers
• Hospitals
• Clinics

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.