Blockchain Press Releases
Mass Spectrometry Market worth $6.8 billion | MarketsandMarkets
CHICAGO, June 26, 2023 /PRNewswire/ — The mass spectrometry industry is poised for rapid growth and innovation in the near future. Advancements in technology, including improvements in sensitivity, resolution, and speed, will enable researchers to analyze smaller sample sizes, detect lower concentrations of analytes, and obtain more accurate results. Mass spectrometry will find expanded applications in various industries, such as pharmaceuticals, environmental analysis, clinical diagnostics, and food safety. Additionally, the field will witness increased accessibility, as user-friendly interfaces and simplified data analysis tools make mass spectrometry systems available to a wider range of users. The integration of mass spectrometry with other analytical techniques and the utilization of artificial intelligence for data analysis will further enhance its capabilities. Overall, mass spectrometry will play a crucial role in advancing scientific understanding, personalized medicine, and addressing complex analytical challenges in the coming years.
Mass Spectrometry Market in terms of revenue was estimated to be worth $4.7 billion in 2023 and is poised to reach $6.8 billion by 2028, growing at a CAGR of 7.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. Factors such as increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety, growing focus on the quality of food products, increase in crude and shale gas production, and growing government initiatives for pollution control and environmental testing are high growth prospects for the mass spectrometry market during the forecast period.
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Browse in-depth TOC on “Mass Spectrometry Market”
122 – Tables
30 – Figures
188 – Pages
Mass Spectrometry Market Scope:
|
Report Coverage |
Details |
|
Market Revenue in 2023 |
$4.7 billion |
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Estimated Value by 2028 |
$6.8 billion |
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Growth Rate |
Poised to grow at a CAGR of 7.5% |
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Market Size Available for |
2021–2028 |
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Forecast Period |
2023–2028 |
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Forecast Units |
Value (USD Billion) |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
Product, Sample Preparation Technique, Application, End User, and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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Report Highlights |
Updated financial information / product portfolio of players |
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Key Market Opportunities |
Growth opportunities in emerging countries |
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Key Market Drivers |
Increasing R&D investments in the pharmaceutical and biotechnology industry |
Instruments segment to register significant growth rate over the forecast period of 2023-2028
Based on the product, the mass spectrometry is segmented into instrument and software & services. Instruments segment to register significant growth rate over the forecast period of 2023-2028. Advantages offered by instruments, such as rapid and high-resolution testing abilities with more accurate and precise results, are increasing its adoption. Consequently, the demand for mass spectrometry devices for high throughput screening is also growing. The instrument segment is further divided into hybrid mass spectrometry, single mass spectrometry and other technologies.
LC-MS segment accounted for the largest share of the mass spectrometry in 2023-2028
Based on sample preparation technique, the mass spectrometry is segmented into GC-MS, LC-MS, ICP-MS, and others. The LC-MS segment is estimated to hold the largest market share of the mass spectrometry market during the forecast period. The large share of this segment can be attributed to its ability to identify and measure a broader range of compounds with minimal sample preparation. LC-MS can identify a broader range of compounds. LC-MS is applied in many industries such as pharmaceuticals, biopharmaceuticals, forensic, industrial, food and environmental sector. For clinical research, the analysis of drugs, vitamins and minerals in whole blood, plasma, serum and urine is conducted routinely using LCMS. It is a more sensitive instrument.
OMICS research segment accounted for the largest share of the mass spectrometry in 2023-2028
Based on application, the mass spectrometry is segmented into OMICS research, drug discovery, environmental testing, food testing, pharma-biopharma manufacturing, clinical diagnostics, applied industries, and other applications. The OMICS research segment is estimated to hold the largest market share of the mass spectrometry market during the forecast period. The large share of this segment can be attributed to the increasing application of omics technology in diagnostics & biomarker identification and the increasing R&D expenditure and government funding for proteomics are expected to drive the market for this segment.
Pharmaceutical companies’ segment to register for the highest growth rate of the mass spectrometry in 2023-2028
The major end users in the mass spectrometry market are pharmaceutical companies, biotechnology companies, research labs & academic institutes, environmental testing labs, F&B industry, forensic labs, petrochemical industry and other end users. Pharmaceutical companies are expected to dominate the market during the forecast period. The availability of government and corporate funding for pharmaceutical research, growth of the pharmaceutical industry, and the presence of stringent regulatory guidelines for drug development and safety are some of the key factors driving the growth of this segment during the forecast period.
Asia Pacific to register a significant growth in the market during the forecast period
In 2023, Asia Pacific is expected to register a significant growth in the market during the forecast period. Asia Pacific comprises the China, Japan, India, South Korea, Australia, ASEAN Region, rest of APAC. Factors such as the significant funding for mass spectrometry and environmental monitoring regulations are driving the growth of the Asia Pacific mass spectrometry market.
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Mass Spectrometry Market Dynamics:
Drivers:
- Increasing R&D investments in the pharmaceutical and biotechnology industry
Restraints:
- Premium Product Pricing
Opportunities:
- Growth opportunities in emerging countries
Challenges:
- Dearth of Skilled Professionals
Key Market Players:
The mass spectrometry business is very competitive, with both established companies and newcomers competing for the same market share. As of 2022, the key players operating in the global mass spectrometry market are SCIEX AB (US), Thermo Fisher Scientific (US), Agilent Technologies (US), Waters Corporation (US), PerkinElmer Inc. (US), Shimadzu Corporation (Japan) and Bruker Corporation (US) among others.
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Recent Developments:
- In January 2022, Thermo Fisher and Symphogen extended their collaborative partnership with aim to deliver workflows for simplified characterization and quality monitoring of complex therapeutic proteins using the Thermo Scientific Q Exactive Plus Orbitrap LC-MS/MS system.
- In February 2023, SCIEX announced collaboration with HighRes Biosolutions to bring customizable automation solutions powered by Cellario software, which would add automation benefits to the Echo MS system.
- In February 2022, Waters Corporation acquired Charge Detection Mass Spectrometry technology assets and intellectual property rights of Megadalton Solutions, Inc., to broaden its application in Cell and Gene Therapy.
- In September 2022, Agilent Technologies partnered with MOBILion Systems for ion mobility separation technology called Structures for Lossless Ion Manipulation (SLIM) on its Q-TOF mass spectrometers.
Mass Spectrometry Market Advantages:
- High Sensitivity: Mass spectrometry is known for its exceptional sensitivity, enabling the detection and quantification of trace amounts of analytes in complex samples. It can identify and quantify molecules at extremely low concentrations, making it invaluable in fields such as environmental analysis, clinical diagnostics, and drug discovery.
- Structural Characterization: Mass spectrometry provides detailed structural information about molecules, allowing researchers to determine their composition, fragmentation patterns, and molecular weight. This capability is essential in the identification and characterization of unknown compounds, the elucidation of molecular structures, and the study of complex biological systems.
- Versatility and Range of Applications: Mass spectrometry has a broad range of applications across various industries and scientific disciplines. It is utilized in pharmaceutical analysis, proteomics, metabolomics, environmental monitoring, forensic analysis, food safety, and many other fields. Its versatility stems from the ability to analyze diverse analytes, including small molecules, proteins, peptides, lipids, and complex mixtures.
- Quantitative Analysis: Mass spectrometry enables quantitative analysis by measuring the abundance of analytes in a sample. It can be used for accurate determination of drug concentrations in biological samples, monitoring the levels of pollutants in environmental samples, and assessing metabolic changes in biological systems. The quantitative capabilities of mass spectrometry are vital for research, quality control, and clinical applications.
- High Selectivity: Mass spectrometry offers high selectivity, allowing for the precise identification and differentiation of analytes even in complex matrices. By measuring the unique mass-to-charge ratio of ions, mass spectrometry can distinguish between closely related compounds, isotopes, and different chemical species. This selectivity is particularly valuable in the analysis of complex samples with potential interferences.
- Rapid and High-Throughput Analysis: Recent advancements in mass spectrometry technology have enabled rapid data acquisition and high-throughput analysis. Mass spectrometers equipped with advanced hardware and software can quickly analyze large sample sets, providing fast and reliable results. This capability is essential for applications that require high sample throughput, such as clinical diagnostics and drug discovery.
- Advancements in Data Analysis: Mass spectrometry generates large volumes of complex data, and advancements in data analysis tools and algorithms have made it easier to process and interpret this information. Techniques such as machine learning and artificial intelligence are being applied to mass spectrometry data, enabling automated data processing, pattern recognition, and faster identification of analytes.
In summary, the mass spectrometry market offers high sensitivity, structural characterization, versatility, quantitative analysis, selectivity, rapid analysis, and advancements in data analysis. These advantages make mass spectrometry a powerful analytical tool with applications across a wide range of industries and scientific disciplines.
Mass Spectrometry Market – Report Highlights:
- In this report, mass spectrometry are considered, along with tables and accessories, used for healthcare applications pharmaceutical industries. In this version of the report, two new segments are added— application—for a better and deeper understanding of the market.
- The study consists of the average selling price (ASP) analysis for different products in the mass spectrometry market.
- The research study comprises the patent analysis of technologies/solutions used in the mass spectrometry market.
- The new market study consists of the trends/disruptions impacting customers’ businesses.
- The new market study consists of information on key conferences & events in 2021–2023.
- The new market study consists of the region-wise regulatory landscape.
- The new market study consists of Porter’s Five Forces Analysis
- The new market study provides details of the strategies of the top 14 players operating in the market.
- The competitive landscape chapter has been updated with the market evaluation matrix. The competitive landscape also includes the market share analysis of major global players (as of 2022), updated competitive leadership mapping, and competitive situations and trends.
- The new market study comprises 28 players. These companies have emerged as key market players in recent years due to their products and various strategic investments undertaken in the mass spectrometry market space.
- Updated financial information/product portfolio of players: The new edition of the report provides updated financial information in the context of the mass spectrometry market from 2022 to May 2023 (depending on availability) for each listed company in graphical representation.
- Updated market developments of profiled players: The current report includes the market developments from January 2019 to May 2023
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Blockchain Press Releases
WSPN Names Austin Campbell CEO of WSPN US to Drive Stablecoin Innovation and Expansion
SINGAPORE, Oct. 25, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (“WSPN”), a leading digital payments and the issuer of Worldwide USD (“WUSD”), today announced the appointment of Austin Campbell as CEO of WSPN US. Mr. Campbell brings extensive experience in stablecoin markets and digital asset strategy to his new role, including running stable value products at JPM and Citi, managing reserves and risk for the Paxos stablecoins (BUSD, USDP), and having helped to design PYUSD. This appointment signals WSPN’s commitment to building first class financial products and revolutionizing the world of payments with its “Stablecoin 2.0” vision to deliver faster, cheaper, and safer transactions for all.
Building on his significant contributions as Head of Strategy, where he was instrumental in shaping WSPN’s strategic roadmap and identifying new market opportunities for WUSD, Mr. Campbell will now lead the effort in bringing this vision to the US market and beyond. His primary focus will be on:
- Driving the adoption of WUSD: Leveraging his deep understanding of the stablecoin ecosystem, Mr. Campbell will lead initiatives to establish WUSD as a leading solution for businesses globally.
- Leading treasury and risk management: Mr. Campbell will leverage his expertise to ensure the stability and security of WUSD, building trust and confidence among users and partners on a global scale.
- Building a world-class user experience: Mr. Campbell will oversee the development of user-friendly products and services that simplify the use of stablecoins for everyday transactions, regardless of location.
- Fostering strategic partnerships: Mr. Campbell will cultivate relationships with key players in the financial and technology sectors worldwide to expand WUSD’s reach and impact.
“I am incredibly excited to become the CEO of WSPN US,” said Mr. Campbell. “Stablecoins are key to improving the global financial system. We intend to build the best products for consumers and end users, creating a fair system where people control their own money and have global access to dollars. Our goal is to bring world-class user experience to stablecoins, where many users making payments in dollars won’t even have to think about the fact that they’re using blockchain technology. With WSPN, we’re committed to building a better economic model that fosters a virtuous cycle of adoption, benefiting the entire ecosystem.”
Prior to joining WSPN, Mr. Campbell was the founder and managing partner at Zero Knowledge Consulting, advising on market structure and risk management within the crypto ecosystem. Additionally, he is also an adjunct professor at New York University Stern School of Business, educating the next generation of Web3 leaders. His previous experience, including Paxos, Citi, and JP Morgan, coupled with his thought leadership in stablecoin mechanics, uniquely positions him to lead WSPN US towards a future powered by accessible and equitable financial solutions.
“Austin’s expertise and vision have been instrumental in shaping WSPN’s strategic direction,” said Raymond Yuan, Founder and CEO of WSPN. “We are confident that under his leadership, WSPN US will play a crucial role in driving the mass adoption of stablecoins and transforming the financial landscape for the better.”
****END****
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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Blockchain Press Releases
Common Crawl Foundation and Constellation Network Announce Partnership to Bridge Blockchain and AI
Constellation Network and Common Crawl Foundation are Revolutionizing Web Data Accessibility and AI Development Through Blockchain Technology
SAN FRANCISCO, Oct. 24, 2024 /PRNewswire/ — The Common Crawl Foundation, a non-profit organization founded in 2007, dedicated to providing a copy of the internet to the public, and Constellation Network, a Web3 blockchain ecosystem notable for providing solutions to the US Department of Defense today announced a strategic partnership aimed at democratizing and enhancing the accessibility and utility of web-crawled data on blockchain technology for artificial intelligence (AI) and data applications.
This collaboration will explore potential opportunities for improving large language models used by AI, starting with Common Crawl’s vast dataset that is used by 80% of Large Language Models, crawled over 250 billion web pages to date (19 billion in 2024 alone), and consists of an archive of nearly 9 petabytes of archived crawled data. By leveraging Constellation’s decentralized network, Hypergraph, to add immutability, provenance, and auditability around the data the partnership aligns to provide joint solutions around responsible and transparent AI.
With AI projected to be a $3T industry by 2030, there are growing demands for secure solutions to sharing common data sets being used for the training of large language models, improving storage of queried and cleaned data, monetization opportunities for data, and enhanced transparency with the source of data. With Constellation’s unique approach to providing tools to converge existing infrastructure with distributed and decentralized networks, and Common Crawl’s history of data and growth of data utility, this partnership aligns to further democratize data.
“This partnership represents a significant step forward in securing trusted distribution of Common Crawl” said Rich Skrenta, Executive Director of the Common Crawl Foundation. “By combining our comprehensive web archive with Constellation’s proven implementation of blockchain technology, researchers and developers from around the world can trust what they’re getting from Common Crawl and have a model for authenticating large open data sets, such as those used for AI training”.
Ben Jorgensen, CEO of Constellation Network states, “The partnership between Constellation Network and Common Crawl highlights mainstream adoption of web3 solutions outside the echo chambers of crypto. This alignment continues Constellation’s mission of our zero trust network being used as a public good for a data-focused future”. Jorgensen continues, “Our aim is to further attract new developers by showcasing capabilities, such as integrating immutability throughout digital workflows, and thus further differentiate ourselves from earlier generations of blockchain technology.”
The two organizations will begin a phased approach to implement this initiative, starting with a customizable subnet, called a metagraph, which will integrate a subset of Common Crawl’s data. This subnet is currently live on their test network and will be soon deployed to Constellation’s public network, Hypergraph. Further details of the live metagraph will be featured in the coming weeks along with information on how organizations and developers can participate.
For more information, please visit:
- Common Crawl Foundation: https://commoncrawl.org
- Constellation Network: https://constellationnetwork.io
- X.com @Conste11ation
About Common Crawl Foundation
The Common Crawl Foundation is a 501(c)(3) non-profit organization dedicated to providing a copy of the internet to the public, free of charge. Their web archive consists of petabytes of data collected over years of web crawling, serving as a critical resource for researchers, businesses, and developers worldwide.
About Constellation Network
Constellation Network is a Web3 blockchain ecosystem that bridges crypto economies with traditional businesses. Its flagship network, Hypergraph, provides a solution for fast, scalable, and zero-fee transactions. Constellation’s Network is validated by the US Department of Defense which has been a customer since 2019.
Note: This press release contains forward-looking statements. Actual results may differ materially from those projected.
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Following a management buy-out by the management team at TOKO FZE, the business has been rebranded as Scintilla, the revolutionary platform providing on-chain solutions and services to make investments more inclusive, accessible, and efficient. Having been developed within DLA Piper’s Law& innovation portfolio, TOKO – now Scintilla has a fresh brand identity, new leadership, and innovative product offerings. Scintilla is set to reshape the future of finance by enabling businesses to unlock the power of blockchain technology across various asset classes, with DLA Piper remaining as a minority shareholder.
Regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), Scintilla is one of the first digital asset companies to gain full market licenses, marking a significant milestone in the sector’s landscape. Being a regulated entity underscores Scintilla’s commitment to the highest standards of compliance and security while pioneering new solutions for tokenization in the global market.
Innovating Finance Through Tokenization
Scintilla offers a comprehensive suite of tokenization services designed to bring liquidity, transparency, and efficiency to traditional finance sectors. From tokenized financial products, and real estate all the way to new legal funding products, Scintilla’s digital asset solutions enable clients to tokenize assets that were previously inaccessible to investors or illiquid.
Scintilla’s services include:
Advisory Services: The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.
Use Case Development: Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.
Broker/Dealer Services: Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.
Exchange Services: Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.
Scintilla is uniquely positioned to capitalize on the confluence of Dubai’s world-leading regulatory environment, cutting-edge technology, and the burgeoning RWA market.
A New Era for Scintilla
The relaunch of Scintilla represents more than just a rebranding—it signifies the company’s growing ambition to lead in the digital asset space. With an expanded team of industry experts, including continuing Board representation from DLA Piper, and a clear strategic vision, Scintilla is set to drive the adoption of tokenization in traditional financial markets.
“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”
Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience, DLA Piper added: “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”
The post DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla appeared first on HIPTHER Alerts.
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