(PRWEB) May 31, 2014
The “Mass Spectrometry Market - by Technology (Tandem LC-MS/Quadrupole/ICP-MS/Gas Chromatography - MS/TOF-MS/MALDI-TOF/Fourier Transform-MS) & by Application (Pharmaceutical/Biotechnology/Environment/Food & Beverages) - Global Trends & Forecast to 2018” analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World (RoW) along with their respective countries.
Browse more than 73 market data tables with 17 figures spread through 199 pages and in-depth TOC on "Mass Spectrometry Market."
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This report studies the global mass spectrometry market over the forecast period of 2013 to 2018. The market was estimated at $3.9 billion in 2013 and is expected to reach $5.9 billion by 2018, growing at a CAGR of 8.7% from 2013 to 2018.
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This report covers the definition, description, and forecast of the mass spectrometry market in terms of technologies and applications. Based on technologies, the mass spectrometry market comprises Tandem LC/MS, LC/MS-Time of Flight, MALDI-TOF, Single Quadrupole, Fourier Transform MS, Gas Chromatography/MS, and others. The applications market is categorized into pharmaceuticals, biotechnology, industrial chemistry, environmental testing, food and beverage testing, and others.
In the Asian region, China is the leader in the mass spectrometry market. Most key players in the mass spectrometry market focus on China to establish their businesses. Thus, China plays a significant role in driving the mass spectrometry market. In May 2011, Bruker opened its second major applications, training, and service center in Shanghai, while expanding its existing facility in Beijing. This facility aims to provide valuable support for the company’s growing customer base in the government, academic, clinical, and industrial segments. In June 2013, Thermo Fisher Scientific, Inc. invested $9.5 million in its new China Innovation Center in Shanghai. The facility aims to support the company’s growing R&D organization. All the major players have seen steady growth in China with favorable future prospects.
The U.S. and European markets are also witnessing increasing funding for research studies that use mass spectrometry. The governments of various countries in these regions have increased their focus on harnessing mass spectrometry technologies in the research processes. In the U.S., the National Institutes of Health funded the University of Georgia with a grant of $1.2 million for biomedical research. In Europe, Germany has increased its funding for research, and in the U.K.; mass spectrometry is used in the food testing processes. The RoW region is also expected to witness growth in the future. This growth can be attributed to the use of mass spectrometry in the pharmaceutical industry in respective countries.
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North America dominated the global mass spectrometry market in 2013, followed by Europe and Asia. The North American market is likely to be driven by factors such as the increasing number of government investments in pharmaceutical, biotechnology, medical, and academic research studies that make use of mass spectrometry techniques. On the other hand, Asia is expected to grow at the highest CAGR due to the presence of high-growth markets such as India and China, the improved funding scenario in this region, increasing number of conferences and exhibitions on mass spectrometry, and increased focus of the giant players in these countries.
Danaher Corporation (U.S.), Waters Corporation (U.S.), Agilent Technologies (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Bruker Corporation (U.S.), Bio-Rad Laboratories (U.S.), PerkinElmer (U.S.), Rigaku (Japan), Jeol Ltd. (Japan), and Shimadzu Corporation (Japan) are some of the prominent players in the global mass spectrometry market.
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