Global Mass spectrometry Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Mass Spectrometry Market by technology and by application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the mass spectrometry market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the mass spectrometry market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Growing use of the spectrometry in life sciences, analysis of fundamentals chemical processes and drug discoveries are opening untapped market and widen the scope of the market this fuels the market growth.
Use of the mass spectrometry in food and beverages industry for testing is giving rise for its application result in raise in the demand of the market.
Rising research activity in developing countries are new market for the mass spectrometry products.
High cost associated with development of new technologies in the mass spectrometry market is may be restraining he market.
• Hybrid mass spectrometry is accounted for the highest market share owing extensive application and scope of the product.
• Pharmaceutical industry is contributing higher share as rise in R&D activity creates more demand for the market.
• North America Dominates the mass spectrometry market owing presence of major pharmaceutical companies and increased in research activity.
• Asia-Pacific is expected to grow at higher rate.
Key players in the market includes: lpha Omega, AMETEK Process Instruments, Bio-Rad Laboratories, DANI Instruments, Evans Analytical Group, Extrel, FLIR, Hitachi High-Technologies, Ion Science, JEOL, LECO, PerkinElmer, Rigaku, and Shimadzu.
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