Press release
Mass Spectrometry Market to Witness Huge Growth by 2022 | Key Players: Agilent Technologies, Thermo Fisher Scientific, Waters Corporation, and SCIEX, Bruker, PerkinElmer, JEOL, Analytik Jena, Hiden Analytical, Rigaku Corporation, LECO, and DANI Instrumen
The availability of government funds for several research projects in several countries such as the United States and Canada will open new opportunities for market agents. In the US, the National Institute of Health (NIH) has awarded a grant of USD 694 million for Environmental Health Science (NIEHS) and 344 million for biomedical imaging or Bioengineering. In March 2016, the Minister of State for Science and Technology announced an investment of US $ 23 million to support 95 research projects in 26 Canadian universities.
The report analyzes the global market by platform, application and region. Based on the platform, the segment of the hybrid mass spectrometry should account for most of the market due to its increasing use in the determination of the structure of organic compounds. Based on the application, the pharmaceutical applications segment will lead the mass spectrometry market and expected to have higher annual composite rate during the forecast period.
Global Mass Spectrometry Market Size
According to our report, The Global Mass Spectrometry Market Was Valued 4.15 Billion USD in 2022 and this value predicted to reach 2.34 Billion USD by 2017 growing at a significant CAGR of 6.8% during 2017 to 2022.
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Drivers and Restraints:
The growth of this market is mainly due to technological advances in the field of mass spectrometry, governmental initiatives in the field of pollution control and the environment, increased pharmaceutical R & D spending, and government regulations. It is expected that the high equipment cost will decrease market growth during the forecast period.
Geographic Segmentation:
Geographically, North America accounted for the largest share of the global market, followed by Europe. Availability of government funding, growing biotech and biopharma R&D in the US are the major factors driving the growth of the market. Growing funding for R&D in Canada will also drive market growth during the forecast period. However, high cost of mass spectrometry instruments is restraining the growth of this market.
As of 2016, the global mass spectrometry market was dominated by Agilent Technologies (US) Thermo Fisher Scientific (US), Waters Corporation (US), and SCIEX (Subsidiary of Danaher) (US). These companies accounted for a majority share of the global market in 2016. The other players involved in this market include Bruker (US), PerkinElmer (US), JEOL (Japan), Analytik Jena (Germany), Hiden Analytical (UK), Rigaku Corporation (Japan), LECO (US), and DANI Instruments (Italy).
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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