(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Apr 09, 2021, 08:15 /Comserve / -- 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%.
'Q-TOF mass spectrometry market is projected to grow 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.
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).
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'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%
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.
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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
TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 OBJECTIVES OF STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH METHODOLOGY STEPS 16
2.2 SECONDARY AND PRIMARY RESEARCH METHODOLOGY 17
2.2.1 SECONDARY RESEARCH 17
2.2.1.1 Key data from secondary sources 17
2.2.2 PRIMARY RESEARCH 18
2.2.2.1 Primary sources 19
2.2.2.2 Key insights from primary sources 20
2.3 MARKET SIZE ESTIMATION METHODOLOGY 20
2.4 MARKET FORECAST METHODOLOGY 22
2.5 MARKET DATA VALIDATION AND TRIANGULATION 23
2.6 ASSUMPTIONS FOR THE STUDY 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 27
4.1 Q-TOF MASS SPECTROMETRY: MARKET OVERVIEW 27
4.2 ASIA PACIFIC Q-TOF MASS SPECTROMETRY MARKET, BY APPLICATION, 2017 28
4.3 Q-TOF MASS SPECTROMETRY MARKET, BY APPLICATION,
2017 VS. 2022 (USD MILLION) 29
4.4 GEOGRAPHIC SNAPSHOT OF THE Q-TOF MASS SPECTROMETRY MARKET 30
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