Q-TOF Mass Spectrometry Market by Application And Region - Global Forecast to 2022

Q-TOF Mass Spectrometry Market by Application And Region - Global Forecast to 2022

  • July 2018 •
  • 104 pages •
  • Report ID: 5473819 •
  • Format: PDF
Q-TOF mass spectrometry market is projected to grow at a CAGR of 7.7%
The global Q-TOF mass spectrometry market is expected to reach USD 1,009.7 million by 2022 from USD 698.4 million in 2017, at a CAGR of 7.7%. The key factors driving the growth of the overall Q-TOF mass spectrometry market include the high investments in pharmaceutical research and development, favorable government initiatives, and increased focus on producing high-quality food. However, the high instrument costs and a dearth of professionals to make effective use of the technology hinders the market growth to a certain extent.

The market for biotechnology applications is projected to grow at the highest CAGR during the forecast period
On the basis of application, the market is segmented into pharmaceutical applications, biotechnology applications, food & beverage testing, environmental testing, petrochemical applications, and other applications. Biotechnology applications accounted for the largest share of the Q-TOF mass spectrometry market in 2016towing to the growing use of Q-TOF mass spectrometers for quantitative and qualitative analyses in the rapidly growing research areas of proteomics and metabolomics.

North America to witness the highest growth during the forecast period
North America is expected to be the fastest-growing region in the global Q-TOF mass spectrometry market.This region is projected to register the highest CAGR during the forecast period.

The large share of the North American market can be attributed to the factors such as the increasing government support and rising funding for biomedical and biopharmaceutical R&D in the US.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1 – 53%, Tier 2 – 31%, and Tier 3 – 16%
• By Designation – C-level Executives– 41%, Directors– 28%, and Others – 31%
• By Region – North America – 36%, Europe – 24%, Asia Pacific – 29%, and RoW – 11%

Waters Corporation (US), Agilent Technologies (US), and SCIEX [(a part of Danaher Corporation (US)] are the key players in the Q-TOF mass spectrometry market. The other players involved in this market include Bruker Corporation (US) and Shimadzu Corporation (Japan).

Research Coverage:
The report analyzes the Q-TOF mass spectrometry market and aims at estimating the market size and the future growth potential of this market based on various segments such as application and region. The report also includes competitive analysis of the key players in this market, along with their company profiles, product and service offerings, recent developments, and key market strategies.

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 larger share. Firms purchasing the report could use any one or a combination of the below-mentioned 5 strategies.

This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product and service portfolios offered by the top players in the global Q-TOF mass spectrometry market
• Service Enhancement/Innovation: Detailed insights on upcoming trends and service launches in the global Q-TOF mass spectrometry market
• Market Development: Comprehensive information about the lucrative emerging markets by application and region
• Market Diversification: Exhaustive information about new services or service enhancements, growing geographies, recent developments, and investments in the global Q-TOF mass spectrometry market
• Competitive Assessment: In-depth assessment of market ranking, growth strategies, products, and services of the leading players in the market
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