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Danaher Corporation, Waters Corporation, Agilent Technologies, Thermo Fisher Scientific, and Bruker Corporation Dominate the Mass Spectrometry Market
Based on the revenues gained from mass spectrometry products, the overall mass spectrometry market is dominated by five major players contributing to approximately 77% of the mass spectrometry market. These players include Danaher Corporation (U.S.), Waters Corporation (Netherlands), Agilent Technologies (U.S.), Thermo Fisher Scientific (U.S.), and Bruker Corporation (U.S.).
AB Sciex LLC, a subsidiary of Danaher Corporation, specializes in a wide range of mass spectrometry instruments, reagents, and software. The firm has a strong product portfolio and offers around 17 leading mass spectrometry instruments in the categories of triple quadrupole liquid chromatography mass spectrometry (LC/MS), time-of-flight (TOF) LC/MS, and matrix-assisted laser desorption/ionization (MALDI)-TOF MS. The dominant presence of the company can be attributed to the extensive implementation of collaboration and expansion strategies by the company. The company has actively collaborated with various research organizations worldwide. These collaborations enable the use of Danaherís mass spectrometry technologies to aid in research and development in pharmaceuticals, disease understanding, and drug discovery. Danaher also focuses on launching best-in-class and technologically advanced products through persistent R&D efforts.
Waters Corporation is another leading player in the mass spectrometry market. The mass spectrometry systems by Waters are used in pharmaceutical, industrial, and life science processes such as drug discovery and development, clinical trial testing, nutritional safety analysis, and environmental testing. Waters has maintained a leadership position in this market by focusing on new product launches as a growth strategy. Waters also concentrates on geographic expansions to expand its production capacity and R&D facilities, thus augmenting its market share.
Various key growth strategies such as new product launches, acquisitions, expansions, agreements, partnerships, collaborations, and joint ventures were mainly adopted by key players such as Danaher Corporation, Waters Corporation, Agilent Technologies, Thermo Fisher Scientific, and Bruker Corporation. These players adopted these strategies to increase their market shares. For instance, in April 2013, Agilent collaborated with the Korean Advanced Institute of Science and Technology (KAIST). In this collaboration, Agilent equipped KAIST with its latest mass spectrometry instruments for South Korean customers. Thus, companies are investing efforts and resources in these strategies to gain a competitive advantage in the mass spectrometry market.
Mass Spectrometry Market - by Technology (Tandem LC - MS/ Quadrupole/ ICP - MS/ Gas Chromatography - MS/ TOF - MS/ MALDI -TOF/ Fourier Transform - MS) & by Application (Pharmaceutical/ Biotechnology/ Environment/ Food & Beverages) - Global Trends & Forecast to 2018
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