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Technological Innovations Expand the Capabilities of Mass Spectrometers - The acceptance of mass spectrometric techniques in research institutions across Europe is being driven by their inherent advantages such as increased accuracy and higher throughput ratio
Technological Innovations Expand the Capabilities of Mass Spectrometers

 

NewswireToday - /newswire/ - London, United Kingdom, 2008/09/18 - The acceptance of mass spectrometric techniques in research institutions across Europe is being driven by their inherent advantages such as increased accuracy and higher throughput ratio.

   
 
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Mass spectrometry (MS) has found significant use in the pharmaceutical and biotechnology sectors, where primary applications include the characterisation of protein and other biologically active entities.

New analysis from Frost & Sullivan (drugdiscovery.frost.com), Opportunities for the European Mass Spectrometry Markets in Basic Research Applications, finds that the market earned revenues of $562 million in 2007 and estimates this to reach $1078.8 million in 2014.

"In the field of environmental sciences, the analytical capabilities of MS platforms are extensively used in the identification of numerous toxins and pollutants," notes Frost & Sullivan Research Analyst Suraj Ramanathan. "The influence of this technology has reached areas such as forensic science. Further areas of interest include polymer analysis, environmental sciences, food safety and nutrition, drug abuse and rehabilitation, defence research and space research."

Furthermore, the discovery of disease biomarkers has helped expand the capabilities of this analysis platform. The Fourier Transform Mass Spectrometry (FTMS) segment is showing maximum growth, with a higher degree of technical innovation.

Many MS manufacturers have come out with customised research programs that suit end-user requirements. This has led to numerous research and marketing agreements between MS manufacturers and companies and research organisations over a wide spectrum.

However, one of the most important challenges facing the European mass spectrometry markets is the increase in strategic consolidations within the pharmaceutical industry, which is reducing buying power. Product pricing issues, changes in funding towards clinical research, funding from the private sector and reduced manpower for operating instruments are some of the other challenges confronting market participants.

"Compensating on logistical costs, many pharmaceutical companies have started outsourcing their R&D initiatives to countries such as India and China that are comparatively high on resources and manpower," notes Ramanathan. "This reduces the need for high-tech instruments within Europe."

With end users concerned about the shortage of skilled technicians to operate MS, manufacturers need to develop training programs to enable first-time users to familiarize themselves with the platform. Manufacturers could also regularly update end users on technological advancements in the field of study with respect to MS usage. This would aid them in applying MS in their research areas, strengthening customer relationship.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the opportunities for the European mass spectrometry markets in basic research applications, then send an email to Patrick Cairns, Corporate Communications, at pcairns_pr[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

Opportunities for the European Mass Spectrometry Markets in Basic Research Applications is part of the Drug Discovery & Clinical Diagnostics Growth Partnership Service programme, which also includes research in the following markets: European Molecular Diagnostics Markets, European IVD Market and European Cancer Diagnostic Market, European Primary Care Diagnostics. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Opportunities for the European Mass Spectrometry Markets in Basic Research Applications
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Technological Innovations Expand the Capabilities of Mass Spectrometers

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Publisher Contact: Patrick Cairns 
+27 18 468 2315 patrick.cairns[.]frost.com
 
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