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Mass Spectrometry Market by Hybrid Mass Spectrometry, Triple Quadrupole, QTOF, FTMS, Single Mass Spectrometry, Quadrupole, TOF, Ion Trap to 2024 - Projected to Reach US$ 5.27 Billion in 2022
Mass Spectrometry Market
North America is expected to register highest CAGR in global mass spectrometry market during the forecast period of 2017–2022. Factors such as growing bio pharmacuetical and biotechnology research & development and availability of funding for innovation-based research coupled with the boost in the US shale oil and gas production are expected to drive market growth during the forecast period.
The global mass spectrometry market is projected to be valued at USD 3.44 Billion in 2016 and is expected to grow at a CAGR of 7.4% to reach USD 5.27 Billion by 2022. High cost of mass spectrometry systems is likely to restrain growth of market during forecast period.
“The pharmaceutical application is projected to grow at the highest CAGR during the forecast period”.
Report analyzes mass spectrometry market & aims at estimating market size & future growth potential of this market based on various segments like type of mass spectrometry on basis of platform, application, & region. Report includes an in-depth regulatory analysis for various regions across the globe & competitive analysis of key players in this market along with their company profiles, product and service offerings, recent developments, & key market strategies.
Click Here for Discount Now on Mass Spectrometry Market Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=276809 .
Growth of mass spectrometry market can be attributed to increase in investment on pharmaceutical research and development, government initiatives for pollution control & environmental testing and technological advancements in mass spectrometry. In coming years, North America is expected to account for the largest share of the global mass spectrometry market.
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).
Target Audience:
• Mass spectrometry manufacturers
• Mass spectrometry distributors
• Food and beverage testing industries
• Vendors/service providers
• Research institutes
• Pharmaceutical and biotechnology companies
• Research and consulting firms
More Information on “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” report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=276809 .
Geographically, North America is estimated to account 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.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies.
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