Global Q-TOF Mass Spectrometry Market (2021 to 2027) - Increasing Research and Development Activities in the Sector are Driving Growth - ResearchAndMarkets.com

DUBLIN--()--The "Global Q-TOF Mass Spectrometry Market (2021-2027) by Application, Product Type, Sales Channel, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Q-TOF Mass Spectrometry Market is estimated to be USD 940.54 Mn in 2021 and is expected to reach USD 1476 Mn by 2027, growing at a CAGR of 7.8%.

Major factors that drive the market growth are the rising applications of Q-TOF mass spectrometers in pharmaceuticals and biotechnological industries, coupled with the rising government initiatives in this sector would result in high adoption of this technology. Also, many pharmaceuticals and biotechnological companies have increased the Research & Development activities in this field that helps in driving the growth of the market.

Furthermore, increased focus on producing high-quality products, rising government initiatives for pollution control and environmental testing, high expenditure on R&D activities of mass spectrometry supplements will fuel the growth of the market during the forecast period.

However, the high costs of Q-TOF instruments and the shortfall of professionals to make effective use of the technology may create hindrances in the growth of the Global Q-TOF Mass Spectrometry Market.

The Global Q-TOF Mass Spectrometry Market is segmented further based on Application, Product Type, Sales Channel, and Geography.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Q-TOF Mass Spectrometry Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using the Positioning Quadrants, the publisher's Proprietary competitive positioning tool.

Market Dynamics

Drivers

  • Rapid Technological Advancements in Q-TOF Mass Spectrometry
  • Increasing Government Initiatives for Pollution Control and Environmental Testing
  • Rise in Focus on the Production of High-Quality Products
  • Increasing Research and Development Activities in the Sector

Restraints

  • High Cost Associated with Q-TOF Mass Spectrometry Instruments
  • Lack of Skilled Professionals to Make Effective Use of Technology

Opportunities

  • High-Growth Opportunities in Emerging Economies

Challenges

  • Death of Skilled Professionals

Companies Mentioned

  • Bruker Corporation
  • Shimadzu Corporation
  • Thermo Fisher Scientific, Inc.
  • Agilent Technologies, Inc.
  • AB SCIEX (a part of Danaher Corporation)
  • Waters Corporation
  • PerkinElmer, Inc.
  • JEOL USA Inc.
  • Advion, Inc.
  • LECO Corporation
  • Analytik Jena AG
  • Rigaku Corporation
  • DANI Instruments Inc.
  • Hiden Inc.
  • Kore Technology Ltd.
  • Alpha Omega Technologies, Inc.
  • AMETEK, Inc.
  • Pfeiffer Vacuum GmbH
  • Comstock, Inc.
  • Extrel CMS, LLC

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900