Mass Spectrometry Market Size, Share with Focus On Emerging Technologies, Top Countries Data, Top Key Players Update & Forecast 2028

Mass Spectrometry Market Size, Share with Focus On Emerging Technologies, Top Countries Data, Top Key Players Update & Forecast 2028

February 21
20:35 2023
Mass Spectrometry Market Size, Share with Focus On Emerging Technologies, Top Countries Data, Top Key Players Update & Forecast 2028
The Mass Spectrometry Market is valued at USD 4.5 billion
Browse 122 market data Tables and 30 Figures spread through 190 Pages and in-depth TOC on “Mass Spectrometry Market – Global Forecasts to 2028

The report “Mass Spectrometry Market by Technology [Hybrid (Triple Quadrupole, QTOF, FTMS), Single (Quadrupole, TOF, Ion Trap), Others], Application (Life Science Research, Clinical Diagnostics), Enduser (Pharma-Biotech, Environmental, F&B) -Global Forecasts to 2028”, is expected to grow from an estimated USD 4.5 billion in 2022 to USD 5.6 billion by 2025, at a CAGR of 6.5%. 

Mass spectrometry is used in industries such as pharmaceuticals, biotechnology, food and beverage, environmental testing, and petrochemicals. The increasing demand for drug analysis and the rise of personalized medicine are driving the market’s growth. Pharmaceutical companies are investing in mass spectrometry technology to develop drugs and personalized medicine.

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Mass spectrometry is used in industries such as pharmaceuticals, biotechnology, food and beverage, environmental testing, and petrochemicals. The increasing demand for drug analysis and the rise of personalized medicine are driving the market’s growth. Pharmaceutical companies are investing in mass spectrometry technology to develop drugs and personalized medicine. The rising demand for advanced analytical solutions and the need for cost-effective solutions are driving the growth of the market. The development of high-throughput mass spectrometry systems is driving the demand for mass spectrometry. These systems provide faster and more accurate results, which is driving the adoption of mass spectrometry in research and development.

The rising demand for advanced analytical solutions and the need for cost-effective solutions are driving the growth of the market. The development of high-throughput mass spectrometry systems is driving the demand for mass spectrometry. These systems provide faster and more accurate results, which is driving the adoption of mass spectrometry in research and development. 

The pharmaceutical industry end-user segment is expected to grow at the highest CAGR.

Based on end user, the mass spectrometry market has been segmented into is pharmaceutical industry, biotechnology industry, research & academic institutes, environmental testing industry, food & beverage testing industry, petrochemical industry among and other end users. Pharmaceutical industries are among the key end-users of mass spectrometers. the availability of government and corporate funding for pharmaceutical research, growth of the pharmaceutical industry, and the presence of stringent regulatory guidelines for drug development and safety are some of the key factors driving the growth of this segment during the forecast period.

The hybrid mass spectrometry segment is expected to grow at the highest CAGR in the mass spectrometry market during the forecast period.

Based on the product, the foot and ankle devices market is segmented into hybrid mass spectrometry, single mass spectrometry and other technologies. The hybrid mass spectrometry segment is expected to witness the fastest growth during the forecast period. Advantages offered by hybrid mass spectrometers, such as rapid and high-resolution testing abilities with more accurate and precise results, are increasing its adoption. Consequently, the demand for mass spectrometry devices for high throughput screening is also growing. The hybrid mass spectrometry segment is further divided into Triple Quadrupole, Quadrupole ToF (Q-ToF), and Fourier Transform Mass Spectrometry (FTMS).

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The life science research segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the mass spectrometry market has been segmented into life science research, drug discovery, environmental testing, food testing, applied industries, clinical diagnostics and other applications. Among these, the life science research segment dominated the market in 2019. The increasing application of omics technology in diagnostics & biomarker identification and the increasing R&D expenditure and government funding for proteomics are expected to drive the market for this segment.

Key Market Players

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the mass spectrometry market. The major players in the mass spectrometry amrket are Thermo Fisher Scientific (US), SCIEX (US) Agilent Technologies (US), Waters Corporation (US), PerkinElmer (US), Shimadzu Corporation (Japan), Bruker (US), Analytik Jena (Germany), JEOL (Japan), Rigaku (Japan), DANI Instruments (Italy), LECO (US), and Hiden Analytical (UK).

These players are adopting various strategies to increase their share in the mass spectrometry market. Collaborations & agreements, new product launches, expansions and mergers have been a widely adopted strategy by the major players in the mass spectrometry industry.

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