Q-TOF Mass Spectrometry: Global Market Forecast to 2023 - Expected to Exceed $1 Billion

DUBLIN, July 13, 2018 /PRNewswire/ --

The "Q-TOF Mass Spectrometry Market by Application, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

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%.

The growth of this market is majorly driven by the technological advancements pertaining to Q-TOF mass spectrometry technology, government initiatives for pollution control and environmental testing, high expenditure on R&D activities of mass spectrometry supplements in pharmaceutical and biotechnological applications, stringent government regulations regarding drug safety, and increased focus on producing high-quality food. However, the high costs of Q-TOF instruments is restraining the growth of the market.

The 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.

The report analyzes the market by application and region. On the basis of application, the Q-TOF mass spectrometry market has been segmented into biotech applications, pharmaceutical applications, food and beverage testing, environmental testing, petrochemical applications, and other applications. In 2017, biotech applications are expected to account for the largest share of the market and this segment is also projected to register the highest CAGR during the forecast period.

Geographically, North America is estimated to account for the largest share of the global market, followed by Europe. The growing government funding and increasing biotech and biopharma R&D in the US are the major factors driving the growth of the North American market. The increasing funding for R&D in Canada is expected to propel the market growth during the forecast period. However, the high costs of Q-TOF mass spectrometry instruments is restraining the growth of this market at present.

As of 2017, the global market was dominated by Waters Corporation (US), Agilent Technologies (US), and SCIEX (Subsidiary of Danaher) (US). These companies accounted for a majority share of the global Q-TOF mass spectrometry market in 2017. Other players involved in this market include Bruker (US), and Shimadzu Corporation (Japan).

Key Topics Covered

1 Introduction
1.1 Objectives of Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Methodology Steps
2.2 Secondary and Primary Research Methodology
2.2.1 Secondary Research
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Research
2.2.2.1 Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.3 Market Size Estimation Methodology
2.4 Market Forecast Methodology
2.5 Market Data Validation and Triangulation
2.6 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Q-TOF Mass Spectrometry: Market Overview
4.2 Asia Pacific Market, By Application, 2017
4.3 Market, By Application, 2017 vs 2022 (USD Million)
4.4 Geographic Snapshot of the Q-TOF Mass Spectrometry Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Technological Advancements in Q-TOF Mass Spectrometry
5.2.1.2 Government Initiatives for Pollution Control and Environmental Testing
5.2.1.3 Increasing Spending on Pharmaceutical and Biotechnological R&D
5.2.1.4 Government Regulations on Drug Safety
5.2.1.5 Growing Focus on Ensuring Food Quality
5.2.2 Restraint
5.2.2.1 High Cost of Q-TOF Mass Spectrometers
5.2.3 Opportunity
5.2.3.1 Opportunities in Emerging Markets
5.2.4 Challenge
5.2.4.1 Dearth of Skilled Professionals

6 Q-TOF Mass Spectrometry Market, By Application
6.1 Introduction
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 Q-TOF Mass Spectrometry Market, By Region
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 France
7.3.4 Spain
7.3.5 Italy
7.3.6 Rest of Europe (RoE)
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World (RoW)

8 Competitive Landscape
8.1 Overview
8.2 Ranking of Players, 2017
8.3 Competitive Scenario
8.3.1 Expansions
8.3.2 Product Launches
8.3.3 Collaborations and Agreements
8.3.4 Acquisitions

9 Company Profiles
9.1 Waters Corporation
9.2 Agilent Technologies
9.3 Sciex (A Subsidiary of Danaher)
9.4 Bruker
9.5 Shimadzu Corporation

For more information about this report visit https://www.researchandmarkets.com/research/7bgxq6/qtof_mass?w=5

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