North America is Expected to Account for the Largest Share of Global Mass Spectrometry Market

Date: 2015-11-15

Over the years, the mass spectrometry market, has witnessed various technological advancements. These advancements have led to a growth in the number of mass spectrometry applications. Some of the applications using mass spectrometry are drug discovery and development, metabolomics, and diagnostics. However, the high cost of instruments and the lack of skilled professionals to operate these highly sophisticated systems are factors that are hindering the market.

In 2015, the hybrid mass spectrometry segment is expected to account for the largest share of the global mass spectrometry market, by platform, while the pharmaceuticals segment is expected to account for the largest share of the mass spectrometry market, by application.

In 2015, North America is expected to account for the largest share of the global mass spectrometry market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the mass spectrometry market is expected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan. . The high growth in these regions can be attributed to the increased involvement of their respective governments, increased funding scenario, and collaborations with established market players.

The global mass spectrometry market witnesses high competitive intensity as there are many big and small firms with similar product offerings. These companies adopt various strategies (collaborations, acquisitions, new product launches and geographic expansions) to increase their market shares and to establish a strong foothold in the global market. 

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