$5+ Billion Mass Spectrometry Market by Platform & Application - Global Forecast to 2022

DUBLIN, November 17, 2017 /PRNewswire/ --

The "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 has been added to Research and Markets' offering.

The global mass spectrometry market is expected to reach USD 5.27 Billion by 2022 from USD 3.68 Billion in 2017, at a CAGR of 7.4%

The growth of this market is majorly driven by technological advancements in mass spectrometry, government initiatives for pollution control and environmental testing, increasing spending on pharmaceutical R&D across the globe, government regulations on drug safety and growing petrochemical industry. However, the high cost of equipment is likely to restrain the growth of the market during the forecast period.

Availability of government funding for various research projects in a number of countries such as the US and Canada will open new opportunities for market players. In the US, the National Institute of Health (NIH) has provided a grant of USD 694 Million for Environmental Health Sciences (NIEHS) and USD 344 Million for Biomedical Imaging/Bioengineering (NIBIB). In March 2016, the Minister of State for Science and Technology announced an investment of USD 23 million for supporting 95 research projects at 26 universities across Canada.

Market Dynamics

Drivers

• Technological Advancements in Mass Spectrometry
• Government Initiatives for Pollution Control and Environmental Testing
• Funding and Investments
• Increasing Spending on Pharmaceutical R&D Across the Globe
• Government Regulations on Drug Safety
• Rising Focus on Ensuring the Quality of Food Products
• Growing Petrochemical Industry

Restraints

• High Cost of Mass Spectrometry Systems

Opportunities

• Growth Potential in Emerging Markets

Challenges

• Dearth of Skilled Professionals

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Mass Spectrometry Market, By Platform

7 Mass Spectrometry Market, By Application

8 Mass Spectrometry Market, By Region

9 Competitive Landscape

10 Company Profiles

• Agilent Technologies
• Analytik Jena (A Subsidiary of Endress Hauser)
• Bruker
• Dani Instruments
• Hiden Analytical
• Jeol
• Leco
• Perkinelmer
• Rigaku
• Sciex (A Subsidiary of Danaher)
• Shimadzu Corporation
• Thermo Fisher Scientific
• Waters Corporation

For more information about this report visit https://www.researchandmarkets.com/research/ztdn88/mass_spectrometry

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SOURCE Research and Markets