Global Q-TOF Mass Spectrometry Market (2021-2026) by Application, Product Type, Sales Channel, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis

The Global Q-TOF Mass Spectrometry Market is estimated to be USD 940.54 Mn in 2021 and is expected to reach USD 1369.1 Mn by 2026, growing at a CAGR of 7.8%.





Market Dynamics

Major 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 Segmentation

The 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 Developments
1. JEOL USA Inc. launched New Time-Of-Flight Mass Spectrometer JMS-T2000GC AccuTOF™ 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 2021
2. 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 2021
3. 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 2021

Company Profiles

Some 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 Quadrant

The report includes a 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?

• The report offers a comprehensive evaluation of the Global Q-TOF Mass Spectrometry Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using the Competitive Quadrant, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market