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World Life Sciences Mass Spectrometry Markets
Frost & Sullivan, March 2004
Limited Data Analysis Capabilities Restrict Research Progress
Interpretation of research done on the various fields of life sciences is currently hampered by inadequate data analysis tools. As throughput increases and applications expand, so will the need for automated data analysis. Researchers continue to conduct complex studies to unearth high volumes of information and attain their research goals. Therefore, participants in the mass spectrometry (MS) market must work closely with the researchers and develop highly accurate MS instruments and enhance current offerings to cater to ever-growing research needs.
This Frost & Sullivan study examines the world market for different types of MS-based life science tools. Some of the tools analyzed in this research include: matrix-assisted laser desorption/ionization-time-of-flight (MALDI-TOF) MS, Fourier-transform MS (FTMS), triple quad MS, electro spray ionization TOF (ESI-TOF) MS, quadrupole-TOF(Q-TOF) MS, and ion trap MS.
New Application Areas Increase Demand for Mass Spectrometers
Proteomics and relatively new metabolomics are two of the application areas making giant strides and this is driving the MS market. Innovative findings/results continue to emerge as researchers seek answers to many unanswered questions in the proteomics arena.
Many researchers are in fact shifting their focus from genomics to proteomics. This post-genomic era signified by the growing importance of metabolomics research is spurring the placement of new MS instruments, says the analyst. Pharmacokinetics has also become a key driving force, as the compelling need to fill dry pipelines encourages continuous research and, in turn, the demand for mass spectrometers.
Prolific Spending by Research Facilities Drives Growth
The price range of MS systems - especially the new, advanced equipment - hovers around the $1 million mark. However, academic institutions and smaller research facilities are undeterred by such huge prices. Indeed, they are channeling more funds to procure these superior systems in an effort to generate the most informative data and be on par with large research centers.
The fact that even academic and smaller research institutions are willing to pay premium price for procuring sophisticated equipment is a major driving factor for the MS and consumables market, says the analyst. The inclination of researchers toward innovation and the drive to create highly efficacious solutions continues to provide fresh opportunities for new entrants, though many giants are present in this well-established market, she concludes.
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