Mass Spectrometry Technologies Market Is Expected to Reach $4.84 Billion in 2017, Growing at a CAGR of 8.8% from 2013 to 2017.

Persistence Market Research is pleased to announce the launch of its “Mass Spectrometry Technologies (Triple Tandem Mass Analyzer, Single Quadrupole, Tandem Time-of-Flight (Triple TOF and TOF/TOF), Quadrupole – TOF (Q-TOF), Single Mass Analyzer, Fourier Transform Ion Cyclotron Resonance (FT-ICR MS), Drug Discovery and Development, Genomics and Proteomics and Chemicals and Petrochemicals) Market Assessment Report - Global Size, Share, Competitive Landscape, Future Prospects and Forecast from 2013-2017”.

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San Mateo, CA -- (SBWIRE) -- 01/20/2014 -- According to Persistence's Research Team the global mass spectrometry technologies market was worth $3,174.7 million in 2012 and is expected to reach $4,840.0 million in 2017, growing at a CAGR of 8.8% from 2013 to 2017.

Mass Spectrometry has been applied in life science research for over 40 years. Over these years several technological advancements have evolved to cater specific requirements in various life science areas. MS has observed a progressive growth due to increasing demand from research facilities, increased government funding in healthcare and life science, increasing demand from developing countries particularly in Asia, Middle East and South America. The increasing demand came particularly as drug discovery and development growth spurt took place since patent expiry of several billion dollar blockbuster API’s were expected to lose patent in the coming few years. Generic companies who were experts in reverse engineering of drugs in India, Brazil and China among a few others increased investment in healthcare research funding which has further fuelled the investment of research facilities in better equipment and tools.

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The miniaturization of mass spectrometry systems will usher a new era in the field of mass spectrometry. Several companies and engineering research institutions have been attempting to miniaturize the size of mass spectrometers for on-field applications. Companies such as Kore Technology, now offer portable mass spectrometers that can suit on-site applications for gas analysis that could be helpful in mining, petroleum and determining air quality.

The global mass spectrometry market is a very mature consolidated market. The demand for MS in healthcare is focused on applications such as drug discovery and development and biological analyses such as proteomics and chemicals. Emerging applications such as metabolomics is expected to push the growth of MS market in the future. In recent times the demand for FT-ICR systems has increased tremendously due to the greater investment by research facilities and the need for high resolution MS in protein and peptide research. The major applications of mass spectrometry are in drug discovery and disease research through proteomics and genomics along with other applications such as environmental toxicology, forensics and security. The primary end users are pharma/biopharmaceutical companies, research centers and academic institutions.

In terms of geography, North America remained the largest buyer of MS technologies and is expected to do so throughout the forecast period, albeit at a slower rate than emerging regions such as Asia-Pacific, Latin America and Rest of the World region. A growing investment and involvement by developing governments in fields of research has opened a multitude of financial support channels for research facilities. Global key players are AB Sciex, ThermoFisher Scientific, Agilent Corp, Bruker Daltonics, Waters, Shimadzu and Perkin Elmer.

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The global mass spectrometry technologies market is segmented as follows:

Global Mass Spectrometry Technologies Market, by Tandem Mass Analyzer Configuration
- Triple Quadrupole
- Quadrupole-TOF
- TOF-TOF & Triple TOF
- Others
Global Mass Spectrometry Technologies Market, by Single Mass Analyzer Configuration
- Time-Of-Flight (TOF)
- Single Quadrupole
- Fourier Transform
- Others
Global Mass Spectrometry Technologies Market, by Geography
- North America
- Europe
- Asia
- Rest of the World (RoW)

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About Persistence Market Research
Persistence Market Research is a specialized team of analysts and consultants in healthcare domain. Our business intelligence and market research capabilities span over multiple sub-industries under healthcare such as Medical Device, Healthcare-IT, Biotechnology and Pharmaceuticals.

Our understanding about the market persuades us to share the right information with the right reader and save time on decision making. In today’s competitive market world, the decision making of our clients does not merely depend upon their wishes but also on technological advancements and what their competitors are doing or plan to do. This is where we come in existence, with extensive healthcare domain knowledge and statistical analysis background helping our clients with quick and accurate market information.

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