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Mass spectrometry is an analytical technique used to measure known materials, to identify unknown compounds within a sample, and to evaluate the structure and chemical properties of different molecules. The technique ionizes chemical species and sorts the ions, based on their mass-to-charge ratio. Because of the high sensitivity of these techniques, mass spectroscopy has become a powerful analytical tool for testing in various industries.
Factors such as technological advancements in mass spectrometry, government initiatives for pollution control and environmental testing, increasing spending on pharmaceutical R&D across the globe, growing petrochemical industry, and growing focus on ensuring the quality of food products are expected to drive the growth of Mass Spectrometry Market.
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Strategies Adopted by Leading Players in Mass Spectrometry Market:
Sciex under Danaher Corporation (US) dominated the mass spectrometry market in 2016. The company provides a wide range of mass spectrometry technologies, accessories, and software in the mass spectrometry market. These products find application in a range of industries including pharmaceuticals, environmental agencies, food & beverage, petroleum industry, and research laboratories. To maintain its leading position and increase its customer base in the mass spectrometry market, the company mainly focuses on expanding its market presence by enhancing its product development capabilities and product launches & enhancements.
Agilent Technologies (US) held the second position in the mass spectrometry market in 2016. It is a leading player in all developed regions including the US, Europe, and Asia. The company offers a wide range of mass spectrometry products, and also provides technical support. The prime strength of the company is innovation, which has helped it to sustain its brand equity.
Thermos Fisher Scientific (US) was another leading player of global mass spectrometry market in 2016. The company offers a range of mass spectrometry technologies such as gas chromatography mass spectrometry (GC-MS), liquid chromatography mass spectrometry (LC-MS), inductively coupled plasma mass spectrometry (ICP-MS), and glow discharge mass spectrometry (GD-MS). To maintain its leading position, the company focuses on business strategies such as collaborations and expansions.
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The global mass spectrometry market is projected to reach USD 5.27 Billion by 2022 from USD 3.68 Billion in 2017, at a CAGR of 7.4%. The mass spectrometry market is emerging and fragmented in nature with various regional and national players.
