Mass Spectrometry Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 5.67 Billion
Market Size 2032 (Forecast Year) USD 9.82 Billion
CAGR 6.42%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

Mass Spectrometry Market: Industry Perspective

The global mass spectrometry market size was worth around USD 5.67 billion in 2023 and is predicted to grow to around USD 9.82 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.42% between 2024 and 2032. The report offers a valuation and analysis of the Mass Spectrometry market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data.

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Introduction

Mass spectrometry is an analytic method that measures mass-to-charge ion ratio.  Moreover, it is the most powerful analytical tool used in the life sciences domain and is utilized for determining unknown components in the sample through the utilization of electrons.  Precisely, mass spectrometry makes use of charged electrons that enter a sample and transform its contents into positive ions. After that, these ions are bifurcated depending on the molecular mass, and hence unknown components can be determined.

 Additionally, mass spectrometry works on three key principles, namely, measuring of relative molecular compound mass, knowing the molecular fragmentation, and comparing the mass charge ratio of different compounds in order to know the unknown chemicals or particulates or compounds present in the provided sample.

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Market Growth Dynamics

Massive use of mass spectrometry methods in producing pharmaceuticals and biotechnology will chart a profitable growth graph of the mass spectrometry market over the forecast timeframe. Apart from this, a huge focus on research activities in the healthcare sector and a surge in contract research organizations across the globe are anticipated to create lucrative growth avenues for the industry over the forthcoming years. Moreover, technological breakthroughs in the mass spectrometers are expected to drive the market trends. Nonetheless, the high cost of mass spectrometry techniques and the surge in the use of some of the analytical tools as substitutes for mass spectroscopy is likely to impede the expansion of the market in the years ahead.

Mass Spectrometry Market: Report Scope

Report Attributes Report Details
Report Name Mass Spectrometry Market
Market Size in 2023 USD 5.67 Billion
Market Forecast in 2032 USD 9.82 Billion
Growth Rate CAGR of 6.42%
Number of Pages 230
Key Companies Covered Leco Corporation, Bruker Corporation, Waters Corporation, Agilent Technologies, Dani Instruments S.P.A, Thermo Fisher Scientific, Danaher Corporation, Perkin Elmer Inc., Shimadzu Corporation, and others.
Segments Covered By Platform, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

North American Industry To Acquire Dominant Position By 2032

The growth of the market in the North American sub-continent during the forecast timespan is owing to supportive government policies favoring the use of mass spectrometry across the petroleum sector in countries like the U.S. In addition to this, The Canada Foundation for Innovation in mass spectrometry ventures across various districts & cities in Canada will further steer the growth of the mass spectrometry market in the North American sub-continent.

Mass Spectrometry Market: Competitive Analysis

The global mass spectrometry market is dominated by players like:

  • Leco Corporation
  • Bruker Corporation
  • Waters Corporation
  • Agilent Technologies
  • Dani Instruments S.P.A
  • Thermo Fisher Scientific
  • Danaher Corporation
  • Perkin Elmer Inc.
  • Shimadzu Corporation

The global mass spectrometry market is segmented as follows:

By Platform

  • Single Mass Spectrometry
    • Quadrupole
    • Time-Of-Flight (TOF)
    • ION Trap
  • Hybrid Mass Spectrometry
    • Fourier Transform Mass Spectrometry (FTMS)
    • Triple Quadrupole
    • Quadrupole TOF (Q-TOF)
  • Other Platforms

By Application

  • Pharmaceutical Applications
  • Biotech Applications
  • Petrochemical Applications
  • Environmental Testing
  • Food & Beverage Testing
  • Other Applications

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Mass spectrometry is a powerful analytical tool that works like a microscopic fingerprint scanner for molecules. It separates molecules based on their mass and electrical charge, allowing scientists to identify them and determine their structure. 
According to a study, the global mass spectrometry market size was worth around USD 5.67 billion in 2023 and is expected to reach USD 9.82 billion by 2032.
The global mass spectrometry market is expected to grow at a CAGR of 6.42% during the forecast period.
North America is expected to dominate the mass spectrometry market over the forecast period.
Leading players in the global mass spectrometry market include Leco Corporation, Bruker Corporation, Waters Corporation, Agilent Technologies, Dani Instruments S.P.A, Thermo Fisher Scientific, Danaher Corporation, Perkin Elmer Inc., and Shimadzu Corporation, among others.
The mass spectrometry market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Mass Spectrometry Market, 2024–2032 (USD Billion)
    • 2.2. Mass Spectrometry Market: Snapshot
  • Chapter 3. Global Mass Spectrometry Market– Industry Analysis
    • 3.1. Mass Spectrometry Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Massive use of mass spectrometry method in producing pharmaceuticals and biotechnulogy will chart a profitable growth graph of the mass spectrometry market over the forecast timeframe.
      • 3.2.2. Huge focus on research activities in healthcare sector and surge in the contract research organizations across the globe is anticipated to create lucrative growth avenues for the industry over the forthcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Platform
  • Chapter 4. Global Mass Spectrometry Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Mass Spectrometry Market: company market share, 2024
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Mass Spectrometry Market– Application Analysis
    • 5.1. Global Mass Spectrometry Market overview: By Application
      • 5.1.1. Global Mass Spectrometry Market share, By Application , 2024 and 2032
    • 5.2. Pharmaceutical Applications
      • 5.2.1. Global Mass Spectrometry Market By Pharmaceutical Applications, 2024–2032 (USD Billion)
    • 5.3. Biotech Applications
      • 5.3.1. Global Mass Spectrometry Market By Biotech Applications, 2024–2032 (USD Billion)
    • 5.4. Environmental Testing
      • 5.4.1. Global Mass Spectrometry Market By Environmental Testing, 2024–2032 (USD Billion)
    • 5.5. Petrochemical Applications
      • 5.5.1. Global Mass Spectrometry Market By Petrochemical Applications, 2024–2032 (USD Billion)
    • 5.6. Food & Beverage Testing
      • 5.6.1. Global Mass Spectrometry Market By Food & Beverage Testing, 2024–2032 (USD Billion)
    • 5.7. Others
      • 5.7.1. Global Mass Spectrometry Market By Others, 2024–2032 (USD Billion)
  • Chapter 6. Global Mass Spectrometry Market– Platform Analysis
    • 6.1. Global Mass Spectrometry Market overview: By Platform
      • 6.1.1. Global Mass Spectrometry Market share, By Platform, 2024 and 2032
    • 6.2. Single Mass Spectrometry
      • 6.2.1. Global Mass Spectrometry Market By Single Mass Spectrometry , 2024–2032 (USD Billion)
    • 6.3. Hybrid Mass Spectrometry
      • 6.3.1. Global Mass Spectrometry Market By Hybrid Mass Spectrometry , 2024–2032 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Bruker Corporation
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Agilent Technologies
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Dani instruments S.P.A
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Danaher Corporation
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Perkin Elmer Inc.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Developments
    • 7.6. Leco Corporation
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Developments
    • 7.7. Thermo Fisher Scientific
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Developments
    • 7.8. Waters Corporation
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Developments
    • 7.9. Shimadzu Corporation
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Developments

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