Dublin, April 13, 2021 (GLOBE NEWSWIRE) -- The "Global Q-TOF Mass Spectrometry Market (2020-2025) by Application, Product Type, Sales Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Q-TOF Mass Spectrometry Market is estimated to be USD 872.4 Mn in 2020 and is expected to reach USD 1270.5 Mn by 2025, 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.
By Application, the market is segmented into Pharmaceutical Applications, Biotechnology Applications, Food & Beverage Testing, Environmental Testing, Petrochemical Applications, and Other Applications. Amongst these, the Biotechnology Applications segment is estimated to hold the highest market share.
By Product Type, the market is classified into Below 2000FWHM, Below 2000-5000FWHM and Above 5000FWHM.
By Sales Channel, the market is classified into Manufacturer/Distributor/Service Provider and Aftermarket.
By Geography, North America is projected to register the highest CAGR during the forecast period.
1. JEOL USA Inc. launched New Time-Of-Flight Mass Spectrometer JMS-T2000GC AccuTOFT GC-Alpha. This product is a GC-MS that represents a significant improvement in performance and functionality using two newly developed key technologies. The basic hardware performance has been greatly improved and a new generation of automated data analysis software is included in the standard configuration. - 17th February 2021
2. Agilent Technologies Inc. launched the enhanced Mass Spectrometry and Automation Software Solutions to support Regulatory Compliance Guidelines. The introduction of compliance features in MassHunter and BioConfirm for LC/TOF and LC/Q-TOF ensures that all Agilent's LCMS platforms meet the regulatory needs of customers. - 25th January 2021
3. Waters Corporation introduced its Waters(R) Xevo(TM) quadrupole time-of-flight (QTof) mass spectrometer (MS), an exact mass MS/MS benchtop instrument that is the most sensitive benchtop QTof system ever. With the Xevo QTof MS, Waters heeded the call for QTof technology that helps laboratories manage increasing demands. - 12th January 2021
Some of the companies covered in this report are Bruker Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., AB SCIEX, 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. and Extrel CMS, LLC.
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 IGR Positioning Quadrants, the analyst's proprietary competitive positioning tool.
A complete analysis of the market, including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.4 Years Considered
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.2 Market Dynamics
220.127.116.11 Rapid Technological Advancements in Q-TOF Mass Spectrometry
18.104.22.168 Increasing Government Initiatives for Pollution Control and Environmental Testing
22.214.171.124 Rise in Focus on the Production of High-Quality Products
126.96.36.199 Increasing Research and Development Activities in the Sector
188.8.131.52 High Cost Associated with Q-TOF Mass Spectrometry Instruments
184.108.40.206 Lack of Skilled Professionals to Make Effective Use of Technology
220.127.116.11 High-Growth Opportunities in Emerging Economies
18.104.22.168 Death of Skilled Professionals
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Q-TOF Mass Spectrometry Market, By Application
6.2 Biotechnology Applications
6.3 Pharmaceutical Applications
6.4 Food & Beverage Testing
6.5 Environmental Testing
6.6 Petrochemical Applications
6.7 Other Applications
7 Global Q-TOF Mass Spectrometry Market, By Product Type
7.2 Below 2000FWHM (Full Width at Half Maximum)
7.3 Below 2000-5000 FWHM
7.4 Above 5000 FWHM
8 Global Q-TOF Mass Spectrometry Market, By Sales Channel
8.2 Manufacturer/Distributor/Service Provider
9 Global Q-TOF Mass Spectrometry Market, By Geography
9.2 North America
9.3 South America
9.4.6 Rest of Europe
9.5.6 South Korea
9.5.9 Rest of APAC
9.6 Rest of the World
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
9.6.5 Latin America
10 Competitive Landscape
10.1 IGR Competitive Quadrant
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Agreement, Collaborations, & Partnerships
10.3.3 New Product Launches & Enhancements
10.3.4 Investments & Funding
11 Company Profiles
11.1 Bruker Corporation
11.2 Shimadzu Corporation
11.3 Thermo Fisher Scientific, Inc.
11.4 Agilent Technologies, Inc.
11.5 AB SCIEX (a part of Danaher Corporation)
11.6 Waters Corporation
11.7 PerkinElmer, Inc.
11.8 JEOL USA Inc.
11.9 Advion, Inc.
11.10 LECO Corporation
11.11 Analytik Jena AG
11.12 Rigaku Corporation
11.13 DANI Instruments Inc.
11.14 Hiden Inc.
11.15 Kore Technology Ltd.
11.16 Alpha Omega Technologies, Inc.
11.17 AMETEK, Inc.
11.18 Pfeiffer Vacuum GmbH
11.19 Comstock, Inc.
11.20 Extrel CMS, LLC
For more information about this report visit https://www.researchandmarkets.com/r/lcx3x
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org 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