Frost Radar™: European Mass Spectrometer Market, 2020
Published on: 13-Aug-2020 | SKU: TM00617-EU-MR_23908

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European mass spectrometer vendors are transforming their offerings from basic laboratory equipment into effective diagnostic equipment. The European Union’s expanded In Vitro Diagnostic Regulation (IVDR) for medical devices, set to take effect in May 2022, will have a dramatic effect on the industry.

Manufacturers’ next-generation mass spectrometers are smart and predictive, allowing for continuous system monitoring, automated diagnostics, and integrated troubleshooting routines. Users can monitor the state of the system from anywhere in the laboratory network and perform diagnostics.

Demand is primarily in the areas of research and routine analysis in food safety, environmental monitoring related to the shift to renewable energy, and healthcare to prevent disease and lower death rates.

Frost & Sullivan projects that equipment manufacturers that provide customers with complete solutions (equipment, reagents, and consumables) are most likely to be successful in the long term.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Strategic Imperative

Growth Environment

Frost Radar™: European Mass Spectrometer Market

Frost Radar™: Competitive Environment

Agilent Technologies

Analytik Jena

Bruker Corporation

Hitachi High Technologies

Horiba Scientific

Jeol

Leco Corporation

PerkinElmer

Shimadzu Scientific

Sciex

Spectro Analytical

Thermo Fisher Scientific

Waters Corporation

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

European mass spectrometer vendors are transforming their offerings from basic laboratory equipment into effective diagnostic equipment. The European Union’s expanded In Vitro Diagnostic Regulation (IVDR) for medical devices, set to take effect in May 2022, will have a dramatic effect on the industry. Manufacturers’ next-generation mass spectrometers are smart and predictive, allowing for continuous system monitoring, automated diagnostics, and integrated troubleshooting routines. Users can monitor the state of the system from anywhere in the laboratory network and perform diagnostics. Demand is primarily in the areas of research and routine analysis in food safety, environmental monitoring related to the shift to renewable energy, and healthcare to prevent disease and lower death rates. Frost & Sullivan projects that equipment manufacturers that provide customers with complete solutions (equipment, reagents, and consumables) are most likely to be successful in the long term. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
More Information
New Title European Mass Spectrometer Market - Growth Opportunities, Analysis, Forecast, Europe,2020
New Subtitle A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines , mass spectrometer manufacturers , spectrometer manufacturers , mass spectrometer market
Deliverable Type Frost Radar
No Index No
Podcast No
Author Janani Balasundar
Industries Test and Measurement Instrumentation
WIP Number MF20-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9ACC-A5

Frost Radar™: European Mass Spectrometer Market, 2020

Test and Measurement InstrumentationEuropean Mass Spectrometer Market - Growth Opportunities, Analysis, Forecast, Europe,2020

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines , mass spectrometer manufacturers , spectrometer manufacturers , mass spectrometer market

RELEASE DATE
13-Aug-2020
REGION
Europe
Deliverable Type
Frost Radar
Research Code: MF20-01-00-00-00
SKU: TM00617-EU-MR_23908
AvailableYesPDF Download
$4,950.00
In stock
SKU
TM00617-EU-MR_23908