Mass Spectrometry Market: Growth, Size, Share, and Trends

Report Code AST 3787
Published in Feb, 2025, By MarketsandMarkets™
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Mass Spectrometry Market by Product (Instrument (Triple Quadrupole, Q-TOF, FTMS, Quadrupole, TOF), Software & Services), Sample (LC-MS, GC-MS), Application (Omics, Drug Discovery, Food, Environmental), End User (Pharma, Biotech) - Global Forecasts to 2030

Overview

The global mass spectrometry market, valued at US$5.82 billion in 2023, is forecasted to grow at a robust CAGR of 7.2%, reaching US$6.33 billion in 2024 and an impressive US$9.62 billion by 2030. The market's growth can be attributed to mass spectrometers' applications in environmental sample testing of analytes like PFAS and microplastics in environmental testing which are expected to increase. The pharmaceutical industry's allocation of larger budgets for research and development and government regulation on drug safety will increase demand for mass spectrometers. Increasing investments in energy exploration and climate studies will stimulate demand for mass spectrometers. Also, the sensitive qualitative and quantitative mandates for food and beverage testing are expected to increase the demand in the mass spectrometry market.

Mass Spectrometry Market– Global Forecast and Key Opportunities to 2030

Attractive Opportunities in the Mass Spectrometry Market

NORTH AMERICA

Promising growth is expected due to a large customer base in the region and the rapid adoption of mass spectrometers in newly established end-user facilities specifically for environmental testing will help to grow the market for mass spectrometers.

Rising global demand can be attributed to factors such as the growing focus on the quality of food products, government regulations on drug safety, and increasing pharmaceutical R&D spending.

Rising YOY returns for pharmaceutical research & development to increase CapEx for pharmaceutical and medical device industry.

Strict regulations for pharmaceutical manufacturing sites and QA protocols to grow the market for mass spectrometers across industrial sectors.

Advancements in OMICS research will offer growth opportunities for market players in future.

Global Mass Spectrometry Market Dynamics

DRIVER: Rising adoption of mass spectrometry for testing emerging contaminants across key sectors.

The analytical testing scenario is undergoing a significant evolution due to the drastic focus on emerging new contaminants like nitrosamines, PFAS, and other pollutants, with spectrometry, specifically LC-MS/MS, becoming the go-to technique for several stakeholders, which is projected to add a significant demand for mass spectrometry solutions. In conjunction, governments across the globe, including the U.S. EPA and European regulators, have supported the use of mass spectrometry as a step further toward safe populations, specifically by the EPA for methods 537.1 and 533.

Pharmaceutical and biotechnology companies are now abundantly using LC-MS tools for nitrosamine impurity testing to adhere to worldwide guidelines. LC-MS is a single-analyzer mass spectrometry technique, like TOF. Quadrupole methods are being utilized in R&D laboratories to further research into PFAS health concerns while the food industry builds mass spectrometry into their tools to identify contaminant levels in processed food and packing. Municipal and privately owned water testing facilities are also using LC-PMS MS methods in line with EPA protocols to meet new requirements for the safety of drinking water.

All these factors will favor the adoption of mass spectrometry techniques and consumables across various end users.

RESTRAINT: High cost and infrastructural factors to delimit the adoption of mass spectrometry.

Mass spectrometry systems are equipped with proprietary and advanced features and functions. This makes them versatile and applicable across many fields. However, their cost-effectiveness is what impedes mass spectrometry’s acceptance. New mass spectrometers' price ranges from USD 75,000 to USD 500,000, depending on the type and configuration. Describe single mass systems and GC-MS-specific prices. Single mass systems sell for USD 350,000 to USD 400,000, and GC-MS systems average at USD 50,000, climbing as high as USD 115,000. Also consider auxiliary costs associated with compliance with industry standards, maintenance, calibration, and software upgrades; the total costs associated increase.

Such costs result in a high capital requirement for pharmaceutical businesses that require more than one system, complicating the already hard situation of acquiring funds for a traditional academic research laboratory. The burden of financing such equipment is worsened due to the high-cost operations that accompany mass spectrometers, such as perishable materials, reagents, utilities, such as nitrogen gas, and repair.

In addition to the accompanying complexity, mass spectrometers require specialized employees, especially in environments that lack sufficient resources, which adds further training costs. Smaller laboratories are also segregated from the newer technology due to the low availability of infrastructure such as gas supplies, temperature control, electricity, and even space.

All these factors show that high or premium pricing of mass spectrometry systems and their operational cost can delimit the adoption of mass spectrometers specifically for end users with low capital expenditure capacity.

 

OPPORTUNITY: Technological advancements to widen the application base will increase the adoption of mass spectrometry.

Advancements in mass spectrometry (MS) as a technique are opening significant new opportunities across various industrial sectors, which will drive its broader adoption. Important advancements like mass spectrometry imaging (MSI) are projected to transform precision medicine by spatial mapping of molecules within tissues, which will help pharmaceutical companies develop targeted therapies. Likewise, high-resolution mass spectrometry (HRMS) gives ultra-sensitive detection of trace contaminants like PFAS and nitrosamines which are found in water, which is crucial for environmental monitoring and regulatory compliance, especially in sectors like water testing and food safety.

Ion Mobility Spectrometry (IMS) when used with MS, improves time-efficient detection capabilities for security and immigration, and custom applications that include explosives, and drug testing that can employed at airports. Advanced mass spectrometry techniques such as DESI-MS and DART-MS enable testing for contaminants that offer real-time analysis in food safety, agriculture, and environmental testing. The advent of miniaturized MS systems offers portability that allows on-site detection in diagnostics and field monitoring. These characteristics make them invaluable in the healthcare sector and research.

New advancements like AI and ML and their integration in mass spectrometry systems will accelerate data analysis which will improve accuracy and efficiency in proteomics.

CHALLENGES: Dearth of Skilled Professionals

Skilled personnel with relevant experience and knowledge are required for the efficient use of spectrometry equipment. Errors such as misplacing a sample in GC-MS or LC-MS or issues such as fingerprints or bubbles in the solution can impact the quality of the final result. Moreover, in mass spectrometry, sample preparation (including aliquoting, dilution, and extraction) is a key step in isolating the analyte of interest. It eliminates interferences that could affect the precision of the result. The lack of knowledge regarding the right choice of technology also affects results and may incur direct and indirect expenses for end users.

There is currently a dearth of skilled personnel for method development, validation, operation, and troubleshooting activities, which is expected to restrain the growth of the mass spectrometry market to a certain extent in the coming years. According to a labor market study by BioTalent Canada, the country’s growing bio-economy sector will need about 65,000 additional workers by 2029 to meet the demand. Moreover, there is an average of about four full-time researchers per 10,000 people in the labor force in India. This shortage of skilled labor in major markets is expected to affect the optimum growth potential of the mass spectrometry market during the forecast period.

Global Mass Spectrometry Market Ecosystem Analysis

The global mass spectrometry market includes various instruments designed to deploy in various applications and needs. The mass spectrometry market is categorized into instruments, software, and services. The instruments are sub-categorized into single-mass and hybrid-mass modalities. On a broader level, all these segments make an entire ecosystem of the mass spectrometry market.

Mass Spectrometry Market
 

By product, the instrument segment accounted for the largest share during the forecast period.

Based on the product, the mass spectrometry is segmented into instruments and software & services. The hybrid mass spectrometry segment accounts for the largest share of the mass spectrometry market in instrument category. Hybrid mass spectrometers exhibit, rapid and high-resolution testing abilities with more accurate and precise results. Hybrid mass spectrometers incorporate at least two component mass analyzers of different types arranged in sequence from the ion source to the ion detector. This greatly increases their sensitivity, accuracy, resolution, and efficiency, which drives their adoption on a significant level when compared to single mass analyzers. Moreover, analyses performed with hybrid mass spectrometers yield large volumes of complex data at high speed and resolution and result in accurate and better analysis, companies tend to provide software to manage and analyze such data sets.

The growth of the mass spectrometry instruments market will primarily be driven by the procedural benefits offered by mass spectrometers as they can be used for different applications, such as classifying unknown substances by molecular weight measurement, measuring known compounds, and determining the structure and chemical properties of molecules.

By sample preparation technique, the LC-MS segment accounted for the largest share during the forecast period.

Based on the sample preparation technique, the mass spectrometry market is categorized into GC-MS, LC-MS, ICP-MS, and others. The LC-MS segment accounted for the largest share of the mass spectrometry market. As LC-MS has high sensitivity, there is a rising need for LC-MS in the pharmaceutical industry. This is because they offer to identify and measure a broader range of compounds with minimal sample preparation, which is expected to propel the growth of this segment during the forecast period.

LC-MS is one of the most commonly used analytical techniques in various sectors for the quantitation and identification of unknowns from a variety of complex samples. The use of LC-MS has expanded over the years as it offers both selectivity and specificity in analysis. With advances in mass spectrometry, the sensitivity and accuracy of this technique have further increased, allowing for the detection and identification of low-level analytes in complex sample matrices. Liquid chromatography (LC) is a technique widely used to separate compounds from a sample before analysis and is frequently coupled to mass spectrometry.

The advent of new applications of LC-MS for testing emerging contaminants from third-party testing service providers and labs has increased in the last three years. All these conditions have helped LC-MS to acquire a major share in the mass spectrometry market.

By application, the OMICS research segment is expected to witness significant growth during the forecast period.

Based on application, the mass spectrometry market is segmented into OMICS research, drug discovery, environmental testing, food testing, pharma-biopharma manufacturing, clinical diagnostics, applied industries, and other applications. The OMICS research segment is expected to witness significant growth during the forecast period. The biopharmaceutical and biotechnology industries have facilitated the advancement of diagnostics & biomarker identification applications in the R&D sector, leading to its significant growth and dominance in the industry in the upcoming years.

Due to the high sensitivity and selection of mass spectrometry, it has also found applications in genomics research to characterize single nucleotide polymorphisms and short tandem repeats. In metabolomics, mass spectrometry has also shown promising results in diabetes studies, as it helps in distinguishing specific changes in the serum profile of metabolites extracted from healthy people and those with type 2 diabetes mellitus. It is also effective in newborn screening, leading to a portfolio of multiplexing assays for congenital metabolic errors.

By End User, pharmaceutical companies to grow at the fastest rate during the forecast period.

Based on end users, the global mass spectrometry market is segmented into pharmaceutical companies, biotechnology companies, research labs & academic institutes, environmental testing labs, F&B industry, forensic labs, petrochemical industry, and other end users. The pharmaceutical industry has facilitated the advancement of diagnostics & biomarker identification in the R&D sector, leading to its sizable growth and dominance in the industry in the upcoming years. Also, the anticipated revenue growth of this segment during the forecast period is attributed to the rapid expansion of the pharmaceutical industry worldwide and the technological advancements in the pharmaceutical sectors.

Several regulations for pharmaceutical manufacturing sites have been implemented that confine the metal residues and endotoxins in pharmaceutical products to certain limits, this is quantified on parameters for active pharmaceutical ingredients (API) in production volume. These constrictions have prompted pharmaceutical companies to procure and utilize mass spectrometers in their QC departments.

All these conditions have helped pharmaceutical companies as end users to acquire a major in the mass spectrometry market.

Asia Pacific to Register the Highest Growth in the Global Mass Spectrometry Market.

Countries from regions like Latin America and Asia Pacific and specifically countries like Brazil, Russia, India, South Korea, and China are anticipated to offer considerable opportunities for the growth of the mass spectrometry market. The growth can primarily be attributed to less stringent regulatory policies, lower labor costs, and significant expansion in the capital expenditure of the companies in the pharmaceuticals, food, and beverage sectors. All these factors are expected to grow the market for mass spectrometers in Asia-Pacific.

HIGHEST CAGR MARKET IN 2024-2030
CHINA FASTEST GROWING MARKET IN THE REGION
Mass Spectrometry Market

Recent Developments of Mass Spectrometry Market

  • Expansion: In 2024, Thermo Fisher Scientific, Inc (US) opened a new facility aiming to increase production capability for analytical services and clinical research, the facility has dedicated space for LC-MS.
  • Partnership: In 2024, Danaher Corporation (US) entered into a partnership with IonOpticks (Australia) to co-market IonOptiks ‘s chromatography system with SCIEX’s Zeno TOF product line.
  • Partnership: In 2024, Agilent Technologies, Inc. (US) entered into a partnership agreement with Newomics Inc. (US) that aims to develop an LC-MS platform, especially for identifying druggable targets for drug discovery.
  • Acquisition: In 2023, Waters Corporation (US) acquired Wyatt Technology (US) to deliver advanced bioanalytical characterization offerings including mass spectrometry

Key Market Players

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Scope of the Report

Report Metric Details
Market size available for years 2022-2030
Base Year Considered 2023
Forecast period 2024-2030
Forecast units Value (USD)
Segments covered Product, Sample Preparation Technique, Application, End User, and Region
Geographies covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Key Questions Addressed by the Report

What is the expected addressable market value of the global mass spectrometry market over a 5-year period?
The global mass spectrometry market is estimated to reach USD 9.62 billion by 2030 from USD 6.33 billion in 2024, at a CAGR of 7.2% during the forecast period
Which segment on the basis of product is expected to garner the highest traction within the mass spectrometry market?
Based on the product, the instrument segment held the largest share of the mass spectrometry market in 2023.
What are some of the strategies adopted by the top market players to penetrate emerging regions?
The major players in the market use partnerships, expansion, acquisitions, and collaborations, as important growth tactics.
What are the major factors expected to limit the growth of the mass spectrometry market?
Growth is expected to shrink due to the high cost of equipment and scarcity of quality technicians.
Are there any challenges that mass spectrometry manufacturers are facing?
Lack of skilled professionals can be one of the challenges that may be affecting the manufacturing of mass spectrometry.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
1
RESEARCH METHODOLOGY
34
EXECUTIVE SUMMARY
56
PREMIUM INSIGHTS
78
MARKET OVERVIEW
90
  • 5.1 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    KEY GROWTH OPPORTUNITIES
    INDUSTRY-SPECIFIC CHALLENGES
  • 5.2 PORTER’S FIVE FORCES ANALYSIS
  • 5.3 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANISATIONS
    REGULATORY FRAMEWORK
  • 5.4 ECOSYSTEM MARKET MAP
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 SUPPLY CHAIN ANALYSIS
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF PRODUCT, BY KEY PLAYERS 2023
    AVERAGE SELLING PRICE TREND, BY REGION 2021-2023
  • 5.8 PATENT ANALYSIS
  • 5.9 TRADE ANALYSIS
  • 5.10 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - QUADRUPOLE MASS ANALYZER
    - TIME-OF-FLIGHT MASS ANALYZER
    - ION TRAP MASS ANALYZER
    COMPLIMENTARY TECHNOLOGIES
    - LC-MS
    - GC-MS
    ADJACENT TECHNOLOGIES
    - MASS SPECTROMETRY IMAGING (MSI)
  • 5.11 KEY CONFERENCES & EVENTS IN 2025-2026
  • 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN THE BUYING PROCESS
    BUYING CRITERIA
  • 5.14 CASE STUDY ANALYSIS
  • 5.15 UNMET NEEDS/END USER EXPECTATIONS IN MASS SPECTROMETRY MARKET
  • 5.16 ADJACENT MARKET ANALYSIS
  • 5.17 INVESTMENT AND FUNDING SCENARIO
  • 5.18 AI IN MASS SPECTROMETRY MARKET
MASS SPECTROMETRY MARKET DATA, BY PRODUCT (USD MILLION; 2022—2030)
118
  • 6.1 INSTRUMENTS
    MASS SPECTROMETRY INSTRUMENTS MARKET UNIT SALES DATA BY TYPE (2023, 2024 & 2030)
    HYBRID MASS SPECTROMETRY
    - TRIPLE QUADRUPOLE MS
    - QUADRUPOLE-TIME-OF-FLIGHT (Q-TOF) MS
    - FOURIER TRANSFORM MS
    SINGLE MASS SPECTROMETRY
    - QUADRUPOLE MS
    - TIME-OF-FLIGHT MS
    - ION TRAP MS
    OTHER MASS SPECTROMETRY
  • 6.2 SOFTWARE & SERVICES
MASS SPECTROMETRY MARKET DATA, BY SAMPLE PREPARATION TECHNIQUE (USD MILLION; 2022—2030)
145
  • 7.1 LC-MS
  • 7.2 GC-MS
  • 7.3 ICP-MS
  • 7.4 OTHER TECHNIQUE
MASS SPECTROMETRY MARKET, BY APPLICATION
165
  • 8.1 OMICS RESEARCH
  • 8.2 DRUG DISCOVERY
  • 8.3 ENVIRONMENTAL TESTING
  • 8.4 FOOD TESTING
  • 8.5 PHARMA/BIOPHARMA MANUFACTURING
  • 8.6 CLINICAL DIAGNOSTICS
  • 8.7 APPLIED APPLICATION
  • 8.8 OTHER APPLICATION
MASS SPECTROMETRY MARKET, BY END USER
181
  • 9.1 PHARMACEUTICAL COMPANIES
  • 9.2 BIOTECHNOLOGY COMPANIES
  • 9.3 RESEARCH LABS & ACADEMIC INSTITUTES
  • 9.4 ENVIRONMENTAL TESTING LABS
  • 9.5 FOOD AND BEVERAGE INDUSTRY
  • 9.6 FORENSIC LABS
  • 9.7 PETROCHEMICAL INDUSTRY
  • 9.8 OTHER END USERS
MASS SPECTROMETRY MARKET DATA, BY REGION (USD MILLION; 2022—2030)
199
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    MASS SPECTROMETRY INSTRUMENTS MARKET UNIT SALES DATA BY TYPE (2023, 2024 & 2030)
    US
    CANADA
  • 10.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    MASS SPECTROMETRY INSTRUMENTS MARKET UNIT SALES DATA BY TYPE (2023, 2024 & 2030)
    GERMANY
    UK
    FRANCE
    ITALY
    SPAIN
    REST OF EUROPE
  • 10.4 ASIA-PACIFIC
    MACROECONOMIC OUTLOOK FOR ASIA-PACIFIC
    MASS SPECTROMETRY INSTRUMENTS MARKET UNIT SALES DATA BY TYPE (2023, 2024 & 2030)
    CHINA
    JAPAN
    INDIA
    SOUTH KOREA
    AUSTRALIA
    REST OF ASIA-PACIFIC
  • 10.5 LATIN AMERICA
    MACROECONOMIC OUTLOOK FOR LATIN AMERICA
    MASS SPECTROMETRY INSTRUMENTS MARKET UNIT SALES DATA BY TYPE (2023, 2024 & 2030)
    BRAZIL
    MEXICO
    REST OF LATIN AMERICA
  • 10.6 MIDDLE EAST & AFRICA
    MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA
    MASS SPECTROMETRY INSTRUMENTS MARKET UNIT SALES DATA BY TYPE (2023, 2024 & 2030)
    GCC COUNTRIES
    REST OF MIDDLE EAST AND AFRICA
COMPETITIVE LANDSCAPE
212
  • 11.1 INTRODUCTION
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN (2021-2024)
  • 11.3 REVENUE ANALYSIS
  • 11.4 MARKET SHARE ANALYSIS BY KEY PLAYERS, 2023
    MASS SPECTROMETRY MARKET
  • 11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - COMPANY FOOTPRINT
    - REGION FOOTPRINT
    - PRODUCT FOOTPRINT
    - SAMPLE PREPARATION FOOTPRINT
    - APPLICATION FOOTPRINT
    - END-USER FOOTPRINT
  • 11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - DETAILED LIST OF KEY STARTUPS/SMES
    - COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 11.7 C0OMPETITIVE SITUATION AND TRENDS (2021-2024)
    NEW PRODUCT LAUNCHES & APPROVALS
    DEALS
    OTHER DEVELOPMENTS
  • 11.8 BRAND/PRODUCT COMPARATIVE ANALYSIS
  • 11.9 R&D ASSESSMENT OF KEY PLAYERS PRODUCT COMPARISON
  • 11.10 COMPANY VALUATION AND FINANCIAL METRICS
COMPANY PROFILES
224
  • 12.1 KEY PLAYERS
    THERMO FISHER SCIENTIFIC INC.
    SCIEX
    AGILENT TECHNOLOGIES, INC
    WATERS CORPORATION
    SHIMADZU CORPORATION
    BRUKER CORPORATION
    PERKINELMER, INC
    JEOL LTD
    JASCO
    TELEDYNE TECHNOLOGIES INCORPORATED
    MKS INSTRUMENTS, INC
    ANALYTIK JENA GMBH
    HIDEN ANALYTICAL
    LECO CORPORATION
    RIGAKU HOLDINGS CORPORATION
    YOUNG IN CHROMASS CO., LTD.
    SCION INSTRUMENTS
    HITACHI HIGH TECH CORPORATION
    KORE TECHNOLOGY
    PROCESS INSIGHTS, INC
    AMETEK, INC
    MASSTECH
    ADVION, INC
    ELEMENTAR ANALYSENSYSTEME GMBH
    SPACETEK TECHNOLOGY AG
    SKYRAY INSTRUMENTS USA, INC
    MICROSAIC SYSTEMS PLC
    PFEIFFER VACCUM GMBH
APPENDIX
244

To make a balance between primary and secondary research for the mass spectrometry market, different market variables for small and medium-sized businesses and major businesses were analyzed as part of this study. The next step involved primary research with industry experts along the value chain to validate these findings, assumptions, and market sizing. Many different methodologies were used for estimating the overall market size, involving the top-down and bottom-up approaches. The study consists of significant market segments, evolving patterns, regulatory frameworks, and competitive environments. This study also considers leading market players and the strategies they deploy in this market. In conclusion, the total market size was estimated through top-down and bottom-up approaches along with data triangulation to reach the number for the final market size. Primary research was conducted throughout the study to validate and test each hypothesis.

Secondary Research

During the study, secondary research employed a variety of sources, including directories and databases such as Bloomberg Businessweek, D&B Hoovers, and Factiva. Additional materials included white papers, annual reports, SEC filings, and investor presentations. This research approach was used to collect and generate data that offers comprehensive, technical, and market-focused insights into the mass spectrometry market. The data provides insights into key players and market segmentation based on recent industry trends, as well as significant developments in the market. A database comprising leading industry figures was also created through this secondary research.

Primary Research

Primary research involved activities aimed at obtaining qualitative and quantitative data. A range of personalities from both supply and demand sides were questioned during this phase. For the supply side, folks from key designations like CEOs, vice presidents, directors of marketing and sales, directors of technology and innovation, and other important leaders were interviewed by key players. Among the demand-side primary sources were academic institutions, and research organizations. To validate market segmentation, identify prominent market participants, and gain insights into significant industry trends and market dynamics of the real-world primary study was carried out.

A breakdown of the primary respondents is provided below:

Mass Spectrometry Market

*Others include distributors, suppliers, product managers, business development managers, marketing managers and sales managers.

Note: Companies are categorized into tiers based on their total revenue. As of 2023, Tier 1 = >USD 1,000 million, Tier 2 = USD 500–1,000 million, and Tier 3 = < USD 500 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

As per the review of prominent companies and their revenue shares, market size of the global mass spectrometry market was calculated in this report. Key players with significant share in the market were identified as part of secondary research and their mass spectrometry business revenue was calculated, the same was validated by primaries. Analyzing the annual and financial reports of the leading market participants was one aspect of secondary research. On the other hand, in-depth interviews with important thought leaders, including directors, CEOs, and marketing executives, were a part of the primary study.

For calculation of global market value, segmental revenue was calculated in the basis of revenue mapping of service/product providers. Process involved below mentioned steps:

  • List of key players that operate in the mass spectrometry market on regional or on country level.
  • Formation of product mapping of manufacturers of mass spectrometry and related product lines at regional and country level
  • Revenue mapping for listed players from mass spectrometry and related product and services.
  • Revenue mapping of major players to cover at least ~70% of the global market share as of 2023. Revenue mapping for major players that cover nearly 70% of the global market share for year 2023.
  • Revenue mapping extrapolation for players will drive the global market value for the respective segment.
  • Summation for market value for all segments and subsegments to achieve the actual value of the global value of the mass spectrometry market.
Mass Spectrometry Market

Data Triangulation

After getting the overall market size from the market size estimation process mentioned above, the Mass spectrometry market was split into segments and subsegments. Data triangulation and market segmentation procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying and analyzing various factors and trends from both the demand and supply sides. Additionally, the Mass spectrometry market was verified and validated using both top-down and bottom-up approaches.

Market Definition

Mass spectrometry is an analytical technique used to measure specific compounds and evaluate molecular structure & chemical properties. This technique ionizes chemical species and sorts the ions based on the mass-to-charge ratio. Mass spectroscopy has become a powerful analytical tool for testing in various industries due to its high sensitivity.

Stakeholders

  • Pharmaceutical Industry
  • Biotechnology Industry
  • Manufacturers and suppliers of mass spectrometers.
  • Product suppliers, distributors, and channel partners
  • Food & beverage industry
  • Academic & research institutes
  • Regulatory authorities and industry associations
  • Venture capitalists and investment firms

Report Objectives

  • To define, describe, and forecast the mass spectrometry market on the basis of product, sample preparation technique, application, end user, and region.
  • To provide detailed information regarding the major factors influencing the growth potential of the global mass spectrometry market (drivers, restraints, opportunities, challenges, and trends).
  • To analyze the micro markets with respect to individual growth trends, future prospects, and contributions to the global mass spectrometry market.
  • To analyze key growth opportunities in the global mass spectrometry market for key stakeholders and provide details of the competitive landscape for market leaders.
  • To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, Australia, South Korea, ASEAN region and the RoAPAC), and rest of the world.
  • To profile the key players in the global mass spectrometry market and comprehensively analyze their market shares and core competencies.
  • To track and analyze the competitive developments undertaken in the global mass spectrometry market, such as product launches, agreements, expansions, and & acquisitions.

Previous Versions of this Report

Mass Spectrometry Market by Technology (Hybrid (Triple Quadrupole, QTOF, FTMS), Single (Quadrupole, TOF, Ion Trap)), Application (Life Science Research, Clinical Diagnostics, QA/QC), End-User (Pharma-Biotech, Environmental, F&B) - Global Forecast to 2028

Report Code AST 3787
Published in Jun, 2023, By MarketsandMarkets™

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 2025

Report Code AST 3787
Published in Feb, 2021, By MarketsandMarkets™

Mass Spectrometry Market by Platform (Hybrid Mass Spectrometry (Triple Quadrupole, QTOF, FTMS), Single Mass Spectrometry (Quadrupole, TOF, Ion Trap)), Application (Pharma & Biotech, Environmental & Food Testing) - Global Forecasts to 2024

Report Code AST 3787
Published in Nov, 2019, By MarketsandMarkets™

Mass Spectrometry Market by Platform (Hybrid mass spectrometry (Triple Quadrupole, QTOF & FTMS), Single mass spectrometry (Quadrupole, TOF & Ion Trap)), Application (Pharmaceuticals, Biotechnology, Environmental testing) - Global Forecast to 2022

Report Code AST 3787
Published in Nov, 2017, By MarketsandMarkets™

Mass spectrometry Market by Platform (Hybrid mass spectrometry (Triple Quadrupole, QTOF, & FTMS), Single mass spectrometry (Quadrupole, TOF, & Ion trap)) & by Application (Pharmaceuticals, Biotechnology) - Analysis & Global Forecast to 2020

Report Code AST 3787
Published in Nov, 2015, By MarketsandMarkets™

Mass Spectrometry Market - by Technology (Tandem LC - MS/ Quadrupole/ ICP - MS/ Gas Chromatography - MS/ TOF - MS/ MALDI -TOF/ Fourier Transform - MS) & by Application (Pharmaceutical/ Biotechnology/ Environment/ Food & Beverages) - Global Trends & Forecast to 2018

Report Code AST 3787
Published in Mar, 2014, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Mass Spectrometry Market

Gayatri

Sep, 2021

Thanks You For the good information sharing with us..

George

Jun, 2022

Which geography will have the largest share of the global Mass Spectrometry Market?.

Federico

Oct, 2021

Thank you. This is, as usual, an authoritative survey of the field. A perspective for science historians would be tracing the evolution as backwards as your collected data and forecasts go. This is a totally virgin field that is worth investigation. I am looking for contact, since I am in your mailing list. Best regards.

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