Advanced Mass Spectrometry Tools Could Lead to Momentous Growth of Life Sciences Applications
Research efforts in exciting areas of life sciences such as proteomics and metabolomics could receive a shot in the arm with the development of sophisticated mass spectrometry (MS)-based tools. These instruments, with their automated data analysis features and ability to provide highly accurate results, are likely to help life science researchers to expand their research horizons. New analysis from Frost & Sullivan, World Life Science Mass Spectrometry Markets, reveals that this market generated revenues worth $880.0 million in 2003 and is likely to reach $1,357.0 million by 2010.
(PRWEB) June 24, 2004
Research efforts in exciting areas of life sciences such as proteomics and metabolomics could receive a shot in the arm with the development of sophisticated mass spectrometry (MS)-based tools. These instruments, with their automated data analysis features and ability to provide highly accurate results, are likely to help life science researchers to expand their research horizons.
New analysis from Frost & Sullivan (http://www. healthcare. frost. com (http://www. healthcare. frost. com)), World Life Science Mass Spectrometry Markets, reveals that this market generated revenues worth $880.0 million in 2003 and is likely to reach $1,357.0 million by 2010.
If you are interested in a virtual brochure, which provides manufacturers, end-users and other industry participants an overview of the latest analysis of the World Life Science Mass Spectrometry Markets - then send an email to Danielle White - Corporate Communications at dwhite@frost. com with the following information: your full name, company name, title, telephone number, fax number, and email. Upon receipt of the above information, an overview will be sent to you via e-mail.
ÂInterpretation of research done on the various fields of life sciences is currently hampered by inadequate data analysis tools,Â says Frost & Sullivan Industry Analyst Sinead Igoe. ÂAs throughput increases and applications expand, so will the need for automated data analysis.Â
To cater to the ever-growing needs of researchers conducting complex studies, participants in the MS market must work closely with them and develop highly innovative instruments. With these, researchers will be able to unearth maximum information and attain their research goals.
With significant advancements taking place in application areas such as proteomics Â especially, the emergence of focused protein arrays and clinical proteomics Â and the relatively new metabolomics, the demand for mass spectrometers is likely to shoot up.
ÂMany researchers are in fact shifting focus from genomics to proteomics,Â says Igoe. ÂThis post-genomic era signified by the growing importance of areas such as metabolomics is spurring the placement of new MS instruments.Â
Advancements in pharmacokinetics are another key driving force, as the compelling need to fill dry pipelines encourages continuous research and, in turn, the demand for mass spectrometers.
Despite the high price tags of advanced MS systems, which hover around the $1 million mark, academic institutions and smaller research facilities are channeling more funds to procure them 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 MS equipment is a major driving factor for the MS instrument and consumables market.
MS equipment vendors can develop purchasing schemes providing discounts and cost break-ups and package them with extensive service and support agreements to lure even those users that are deterred by high initial investments.
ÂHowever, participants need to be careful about these flexible pricing schemes that can hinder profit margins,Â cautions Igoe.
Though many giants are present in this well-established market, the constant innovation and researchersÂ drive to create highly efficacious solutions continues to provide fresh opportunities for new entrants.
The World Life Science Mass Spectrometry Markets, part of the proteomics subscription, examines different types of MS-based life science tools. Some of the tools analyzed in this research include: matrix-assisted laser desorption/ionizationÂtime-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. Interviews are available to the press.
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World Life Science Mass Spectrometry Markets
Media Relations Executive, Healthcare
Frost & Sullivan
E: dwhite@frost. com