Mass Spectrometry Market | Sciex (US) Enhancing its Product Development Capabilities
The overall mass spectrometry market is expected to grow from USD 3.44 billion in 2016 to USD 5.27 billion by 2022, at a CAGR of 7.4%
(IINews) - According to a new market research report "Mass Spectrometry Market by Platform (Hybrid mass spectrometry (Triple Quadrupole, QTOF & FTMS), Single mass spectrometry (Quadrupole, TOF & Ion Trap)), Application (Pharmaceuticals, Biotechnology, Environmental testing) - Global Forecast to 2022", published by MarketsandMarkets™, the market is expected to reach USD 5.27 Billion by 2022 from an estimated USD 3.68 Billion in 2017, at a CAGR of 7.4%.
The key factors which include the growth of the mass spectrometry market are pharmaceutical and biotechnology industry and technological advancements in mass spectrometry. The growing use of mass spectrometry in emerging markets and the rising potential for the application of high-resolution mass spectrometry in healthcare are the key areas of opportunity in this market.
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Sciex under Danaher Corporation (US) dominated the mass spectrometry market in 2016. The company provides a wide range of mass spectrometry technologies, accessories, and software in the mass spectrometry market. These products find application in a range of industries including pharmaceuticals, environmental agencies, food & beverage, petroleum industry, and research laboratories. To maintain its leading position and increase its customer base in the mass spectrometry market, the company mainly focuses on expanding its market presence by enhancing its product development capabilities and product launches & enhancements. For instance, in 2017, the company launched the Topaz LC-MS/MS System and the software called BioPharmaView 1.5 Software, an addition to its existing portfolio. The company has a strong R&D and manufacturing infrastructure, with its presence in Europe, North and South America, Asia, Africa, the Middle East and the Rest of the World.
By technology, the hybrid mass spectrometry segment accounted for the largest share of the market in 2017
On the basis of technology, the Mass Spectrometry Market is broadly segmented into single mass spectrometry, hybrid mass spectrometry, and other mass spectrometry technologies (magnetic sector, inductively coupled plasma mass spectrometry). In 2017, the hybrid mass spectrometry segment is expected to account for the largest share of this market. The extensive applications of hybrid mass spectrometers coupled with the technological advancements in mass spectrometry are driving the growth of this segment.
Browse and in-depth TOC on "Mass Spectrometry Market"
109 - Tables
36 - Figures
176 – Pages
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By application, the pharmaceutical application industry held the largest market share in 2017
Based on application, the Mass Spectrometry Market is further segmented into pharmaceutical application, biotech application, environmental testing, food and beverage testing, petrochemical applications, and other applications. In 2017, the pharmaceutical applications segment is expected to account for the largest share. Extensive use of mass spectrometry technologies at various stages of drug development processes and increase in R&D investments by pharmaceutical industries are driving the growth of the market.
North America dominated the market in 2017
North America accounted for the largest share of the Mass Spectrometry Market in 2016, followed by Europe. High usage of mass spectrometry in the pharmaceutical sector, growing funding to favor Mass Spectrometry Market in the US, high petrol and natural gas production, growing biopharmaceuticals and biotechnology research & development and fundings for innovation based projects in Canada is expected to drive market during the forecast period.
Factors such as availability of funds for research, growing cosmetics industry in Germany, growing food safety concerns and increased investments for pharmaceuticals in the UK, favorable scenario of biotechnology and pharmaceutical industry in Italy, company''s expansion in France and strong food and beverage industry in Spain are driving factors of the European Mass Spectrometry Market.
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Agilent Technologies (US), Thermo Fisher Scientific (US), Waters Corporation (US), and SCIEX (Subsidiary of Danaher) (US) are the key players in the Mass Spectrometry Market. Other players involved in this market are Bruker (US), PerkinElmer (US), JEOL (Japan), Analytik Jena (Germany), Hiden Analytical (UK), Rigaku (Japan), LECO (US), and DANI Instruments (Italy).
Themen in diesem Fachartikel:
mass-spectrometry-market
mass-spectrometry-market-growth
mass-spectrometry-market-size
mass-spectrometry-market-analysis
mass-spectrometry-market-outlook
mass-spectrometry-market-latest-trends
mass-spectrometry-market-intelligence
mass-spectrometry
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales(at)marketsandmarkets.com
Datum: 05.04.2019 - 11:28 Uhr
Sprache: Deutsch
News-ID 1711922
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