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CRO Mass Spectroscopy Services Market by Growth Analysis and Demand Insights to 2028

The continuous advancement in proteomics technologies has significantly benefited several areas of scientific research, including personalized forensics and medicine, plant, animal, and human biology, etc.


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Vinayak Shinde

2 months ago | 3 min read

The CRO mass spectroscopy services market to grow rapidly due to ongoing technological advances and efforts of the global scientific community for the development of drugs and vaccines to mitigate the SARS-CoV-2 virus.

The global CRO mass spectroscopy services market will depict considerable expansion through 2028, driven by the increasing number of clinical trials, diagnostic tests, and novel drug developments due to the prevalence of chronic ailments. Mass Spectrometry (MS) is an emphatic and analytical tool that has gained significant popularity over the last few years due to its expansive application portfolio across the biopharmaceutical industry and other avenues, including forensic sciences and food allergen detection.

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Based on a recent study by Global Market Insights Inc., the CRO mass spectroscopy services market may surpass a valuation worth USD 1.7 billion by 2028.

The advent of the COVID-19 pandemic bought about substantial gains to the CRO MS services industry due to the increasing reliance on advanced tools that can quickly interpret the interaction between human host cell proteins and current and future infectious diseases.

The increasing utilization of mass spectroscopy services for quantitative detection of tiny portions of pharmacological compounds proteins, or biomarkers, even at low concentrations, is likely to propel the CRO mass spectroscopy services market share.

Growing advances in proteomics services

The growing prominence of chronic diseases and the increasing product utilization for biomarker discovery, disease research, clinical trials, novel drug development, and discovery will augment the proteomics services market outlook in the times ahead. The continuous advancement in proteomics technologies has significantly benefited several areas of scientific research, including personalized forensics and medicine, plant, animal, and human biology, etc.

In August 2021, CellCarta and Olink Proteomics entered into a strategic collaboration to expand the former's biomarker capabilities and deliver OlinkĀ® Target 48 & Target 96 to biotech and pharmaceutical customers, offering targeted protein biomarker quantification in clinical investigations.

Such moves will help strengthen the CRO mass spectroscopy services market forecast in the years to come.

Strong industry growth across North America

The North America CRO mass spectroscopy services market may undergo significant transformation owing to the rapid expansion of the healthcare and pharmaceutical sector, increasing clinical trials of food and drugs, and the ongoing research and development projects associated with COVID-19.

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As per the US National Library of Medicine, nearly 413,746 clinical studies were conducted across 50 states and 220 countries in the states as of March 2021.

These consistently rising numbers, coupled with favorable government initiatives, will increase the regional CRO mass spectroscopy services market revenue in the foreseeable future.

Spewing investments across the pharmaceutical sector

In order to save time and cost and enable faster data access, players across the globe are pouring in investments to lead the path in clinical research services and scientific excellence while allowing their clients to make accurate and fast decisions about their drug development path.

With a similar intent, in April 2022, Celerion, a biopharmaceutical industry CRO using the most recent and advanced High-Resolution Mass Spectrometry, has announced investing a significant sum of money in its ADME range of services. Absorption, Distribution, Metabolism, and Excretion (ADME) services are experiencing a considerable rise in demand for drug development and R&D projects globally, which, in consequence, will fuel the CRO MS services market trends.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Vinayak Shinde

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