Dublin, April 13, 2021 (GLOBE NEWSWIRE) -- The "Global Q-TOF Mass Spectrometry Market (2020-2025) by Application, Product Type, Sales Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering. The Global Q-TOF Mass Spectrometry Market is estimated to be USD 872.4 Mn in 2020 and is expected to reach USD 1270.5 Mn by 2025, growing at a CAGR of 7.8%.Market DynamicsMajor factors that drive the market growth are the rising applications of Q-TOF mass spectrometers in pharmaceuticals and biotechnological industries, coupled with the rising government initiatives in this sector would result in high adoption of this technology. Also, many pharmaceuticals and biotechnological companies have increased the Research & Development activities in this field that helps in driving the growth of the market. Furthermore, increased focus on producing high-quality products, rising government initiatives for pollution control and environmental testing, high expenditure on R&D activities of mass spectrometry supplements will fuel the growth of the market during the forecast period.However, the high costs of Q-TOF instruments and the shortfall of professionals to make effective use of the technology may create hindrances in the growth of the Global Q-TOF Mass Spectrometry Market.Market SegmentationThe Global Q-TOF Mass Spectrometry Market is segmented further based on Application, Product Type, Sales Channel, and Geography.By Application, the market is segmented into Pharmaceutical Applications, Biotechnology Applications, Food & Beverage Testing, Environmental Testing, Petrochemical Applications, and Other Applications. Amongst these, the Biotechnology Applications segment is estimated to hold the highest market share.By Product Type, the market is classified into Below 2000FWHM, Below 2000-5000FWHM and Above 5000FWHM. By Sales Channel, the market is classified into Manufacturer/Distributor/Service Provider and Aftermarket. By Geography, North America is projected to register the highest CAGR during the forecast period.Recent Developments1. JEOL USA Inc. launched New Time-Of-Flight Mass Spectrometer JMS-T2000GC AccuTOFT GC-Alpha. This product is a GC-MS that represents a significant improvement in performance and functionality using two newly developed key technologies. The basic hardware performance has been greatly improved and a new generation of automated data analysis software is included in the standard configuration. - 17th February 20212. Agilent Technologies Inc. launched the enhanced Mass Spectrometry and Automation Software Solutions to support Regulatory Compliance Guidelines. The introduction of compliance features in MassHunter and BioConfirm for LC/TOF and LC/Q-TOF ensures that all Agilent's LCMS platforms meet the regulatory needs of customers. - 25th January 20213. Waters Corporation introduced its Waters(R) Xevo(TM) quadrupole time-of-flight (QTof) mass spectrometer (MS), an exact mass MS/MS benchtop instrument that is the most sensitive benchtop QTof system ever. With the Xevo QTof MS, Waters heeded the call for QTof technology that helps laboratories manage increasing demands. - 12th January 2021Company ProfilesSome of the companies covered in this report are Bruker Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., AB SCIEX, Waters Corporation, PerkinElmer, Inc., JEOL USA Inc., Advion, Inc., LECO Corporation, Analytik Jena AG, Rigaku Corporation, DANI Instruments Inc., Hiden Inc., Kore Technology Ltd., Alpha Omega Technologies, Inc., AMETEK, Inc., Pfeiffer Vacuum GmbH, Comstock, Inc. and Extrel CMS, LLC.Competitive QuadrantThe report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Why buy this report?
Report Highlights:
Key Topics Covered: 1 Report Description1.1 Study Objectives 1.2 Market Definition1.3 Currency1.4 Years Considered1.5 Language1.6 Key Shareholders2 Research Methodology2.1 Research Process2.2 Data Collection and Validation2.2.1 Secondary Research2.2.2 Primary Research2.3 Market Size Estimation2.4 Assumptions of the Study2.5 Limitations of the Study3 Executive Summary4 Market Overview4.1 Introduction 4.2 Market Dynamics4.2.1 Drivers4.2.1.1 Rapid Technological Advancements in Q-TOF Mass Spectrometry4.2.1.2 Increasing Government Initiatives for Pollution Control and Environmental Testing 4.2.1.3 Rise in Focus on the Production of High-Quality Products4.2.1.4 Increasing Research and Development Activities in the Sector4.2.2 Restraints4.2.2.1 High Cost Associated with Q-TOF Mass Spectrometry Instruments4.2.2.2 Lack of Skilled Professionals to Make Effective Use of Technology4.2.3 Opportunities4.2.3.1 High-Growth Opportunities in Emerging Economies4.2.4 Challenges4.2.4.1 Death of Skilled Professionals4.3 Trends5 Market Analysis5.1 Porter's Five Forces Analysis5.2 Impact of COVID-195.3 Ansoff Matrix Analysis6 Global Q-TOF Mass Spectrometry Market, By Application6.1 Introduction6.2 Biotechnology Applications6.3 Pharmaceutical Applications6.4 Food & Beverage Testing6.5 Environmental Testing6.6 Petrochemical Applications6.7 Other Applications7 Global Q-TOF Mass Spectrometry Market, By Product Type7.1 Introduction7.2 Below 2000FWHM (Full Width at Half Maximum)7.3 Below 2000-5000 FWHM7.4 Above 5000 FWHM8 Global Q-TOF Mass Spectrometry Market, By Sales Channel8.1 Introduction8.2 Manufacturer/Distributor/Service Provider8.3 Aftermarket9 Global Q-TOF Mass Spectrometry Market, By Geography9.1 Introduction9.2 North America9.2.1 US9.2.2 Canada9.2.3 Mexico9.3 South America9.3.1 Brazil9.3.2 Argentina9.4 Europe9.4.1 UK9.4.2 France9.4.3 Germany9.4.4 Italy9.4.5 Spain9.4.6 Rest of Europe9.5 Asia-Pacific9.5.1 China9.5.2 Japan9.5.3 India9.5.4 Indonesia9.5.5 Malaysia9.5.6 South Korea9.5.7 Australia9.5.8 Russia9.5.9 Rest of APAC9.6 Rest of the World9.6.1 Qatar9.6.2 Saudi Arabia9.6.3 South Africa9.6.4 United Arab Emirates9.6.5 Latin America10 Competitive Landscape10.1 IGR Competitive Quadrant10.2 Market Share Analysis10.3 Competitive Scenario10.3.1 Mergers & Acquisitions10.3.2 Agreement, Collaborations, & Partnerships10.3.3 New Product Launches & Enhancements10.3.4 Investments & Funding11 Company Profiles11.1 Bruker Corporation 11.2 Shimadzu Corporation11.3 Thermo Fisher Scientific, Inc.11.4 Agilent Technologies, Inc.11.5 AB SCIEX (a part of Danaher Corporation) 11.6 Waters Corporation11.7 PerkinElmer, Inc.11.8 JEOL USA Inc.11.9 Advion, Inc.11.10 LECO Corporation11.11 Analytik Jena AG11.12 Rigaku Corporation11.13 DANI Instruments Inc.11.14 Hiden Inc.11.15 Kore Technology Ltd.11.16 Alpha Omega Technologies, Inc.11.17 AMETEK, Inc.11.18 Pfeiffer Vacuum GmbH11.19 Comstock, Inc.11.20 Extrel CMS, LLC12 Appendix12.1 QuestionnaireFor more information about this report visit