openPR Logo
Press release

Mass Spectrometer Market to Rake in Nearly US$9.99 bn In Terms of Revenue By the End of 2024

12-08-2017 03:49 PM CET | Health & Medicine

Press release from: Transparency Market Research

Mass Spectrometer Market to Rake in Nearly US$9.99 bn In Terms

With a highly consolidated nature, the global mass spectrometry market was led by Agilent Technologies, Thermo Fisher Scientific, Inc., and Shimadzu Corporation in 2015. Their collective share in the market’s value for the year was close to 49%, revealing a very low scope of growth for smaller players at the current rate.

According to a research publication released by Transparency Market Research, the global mass spectrometry market will be showing a strong sense of competitive rivalry, especially among the leading entities. The overall number of players in the global mass spectrometry market is small and their relative market share is very large. Their established presence is expected to stifle the entry of new players into the global mass spectrometry market. The production of new mass spectrometry equipment is, however, being contended by the growing availability of refurbished ones. This applies more so to the developing economies where the cost of purchasing new equipment can be too high.

Report Overview @ https://www.transparencymarketresearch.com/mass-spectrometer-market.html

The global mass spectrometry market is expected to reach US$9.99 bn by the end of 2024, after expanding at a healthy CAGR of 8.1% within a forecast period from 2016 to 2024. The market’s value was calculated to reach US$5.35 bn at the end of 2016. North America is expected to generate a massive revenue for the global mass spectrometry market owing to its booming biotech industry.

Advancements in Mass Spectrometry Open New Doors

“What drives the global mass spectrometry market at the present moment is the original scope of application of these systems, coupled with the new possibilities that are entering the market simultaneously. One of the more recent examples of technological advancements in mass spectrometry is the adoption of matrix-associated laser desorption ionization imaging mass spectrometry, or MALDI-IMS. This system allows for the examination and analysis of tissues from a diagnostic perspective and thus reduces the overall time required for complete analysis of the sample. Another recent development is the high-resolution accurate mass system, which can detect as well as deliver simultaneously a higher resolution of the full product ion spectrum and mass accuracy. These systems are expected to usher in a new era of mass spectrometry,” states a TMR analyst.

Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18917

The global mass spectrometry market is also being driven by the growing use of these equipment in the industries of pharmaceuticals, life sciences, and other clinical analytics. On the competitive side, the market is being favored in overall growth by the significant mergers and acquisitions that have occurred over the past decade, which includes the acquisition of Active Spectrum, Inc., by Bruker.

High Equipment Costs Reduce Production Rates

One of the key restraints affecting the global mass spectrometry market currently, is the high cost of it research and development it takes to generate newer technologies in the market. This not only severely limits the entrance of new players into the market, but also creates a sizeable barrier of pricing for several buyers from emerging economies. Their reluctance to buy newer technologies is leading to the growth of refurbished mass spectrometry equipment, which not only reduces the overall profits that key players in the market make, but also reduces the investments they can make into advanced development of equipment.

“Despite the given restraints, research and development is still likely to be the way to go for the global mass spectrometry market, when it comes to improving the scope of opportunities in the future. The developments in continuous flow technologies have, for instance, created the space for new devices to enter the market that are significantly more efficient than their predecessors. The players from the global mass spectrometry market can also find a greater scope of opportunities in the emerging economies from Asia Pacific and Latin America – specifically Brazil – to improve their sales figures,” adds the analyst.

Get full report now @ https://www.transparencymarketresearch.com/checkout.php?rep_id=18917<ype=S

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mass Spectrometer Market to Rake in Nearly US$9.99 bn In Terms of Revenue By the End of 2024 here

News-ID: 852659 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for US$9

US$ 9 Bn Opportunity in Global Subcutaneous Immunoglobulin Market
The global subcutaneous immunoglobulin market is projected to grow at double-digit CAGR through 2024. Demand for subcutaneous immunoglobulin products is influenced by increasing focus on treating primary immunodeficiency diseases. The healthcare infrastructure in many emerging countries has gained center stage owing to concerted efforts on part of governments. On account of these factors, the global subcutaneous immunoglobulin market is expected to reach nearly US$ 9 bn by 2024. These insights
US$ 9 Bn Opportunity in Global Subcutaneous Immunoglobulin Market
The global subcutaneous immunoglobulin market is projected to grow at double-digit CAGR through 2024. Demand for subcutaneous immunoglobulin products is influenced by increasing focus on treating primary immunodeficiency diseases. The healthcare infrastructure in many emerging countries has gained center stage owing to concerted efforts on part of governments. On account of these factors, the global subcutaneous immunoglobulin market is expected to reach nearly US$ 9 bn by 2024. These insights
Cosmetic Implants Market Worth US$ 9 Billion by 2022
New York, April 24: Market Research Engine has published a new report titled as “Cosmetic Implants Market By Type of source Analysis (Polymers, Ceramics, Metals, Biological); By Application Analysis (Breast Implants, Facial Implants, Dental Implants, Others (Buttock, Penile and Calf Implants)) and By Regional Analysis – Global Forecast by 2016 - 2022” How Big is the Global Cosmetic Implants Market? The Global Cosmetic Implants Market is expected to exceed more than
Compounding Pharmacies Market Worth US$ 9 Billion Globally by 2021
New York, February 23: Market Research Engine has published a new report titled as “Compounding Pharmacies Market By Product Segment Analysis (Oral medications, Topical medications, Mouthwashes, Suppositories), By Therapeutic Areas Analysis (Pain Medications, Hormone Replacement Therapy) – Global Industry Analysis and Forecast 2015 - 2021” How Big is the Global Compounding Pharmacies market? The Global Compounding Pharmacies market is expected to exceed more than US$ 9 Billion by 2021; Growing at a
Compounding Pharmacies Market to Exceed US$ 9 Billion by 2021
New York, February 03: Market Research Engine has published a new report titled as “Compounding Pharmacies Market By Product Segment Analysis (Oral medications, Topical medications, Mouthwashes, Suppositories), By Therapeutic Areas Analysis (Pain Medications, Hormone Replacement Therapy) – Global Industry Analysis and Forecast 2015 - 2021” How Big is the Global Compounding Pharmacies market? The Global Compounding Pharmacies market is expected to exceed more than US$ 9 Billion by 2021; Growing at a
Compounding Pharmacies Market to Reach US$ 9 Billion by 2021
New York, January 16: Market Research Engine has published a new report titled as “Compounding Pharmacies Market By Product Segment Analysis (Oral medications, Topical medications, Mouthwashes, Suppositories), By Therapeutic Areas Analysis (Pain Medications, Hormone Replacement Therapy) – Global Industry Analysis and Forecast 2015 - 2021” How Big is the Global Compounding Pharmacies market? The Global Compounding Pharmacies market is expected to exceed more than US$ 9 Billion by 2021; Growing at a