Mass Spectrometry Market Trends, Share, Analysis, Growth and Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled “Mass Spectrometry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global mass spectrometry market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Mass Spectrometry Market?

The global mass spectrometry market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.

What is Mass Spectrometry?

Mass spectrometry (MS) represents an analytical system utilized to quantify materials and identify compounds in a particular sample. In terms of technology, it can be categorized into several types, such as triple quadrupole (Tandem), Fourier transform mass spectrometry (FTMS), quadrupole, time-of-flight (TOF), etc. Mass spectrometry procedures mostly involve the use of an ion source to create gaseous ions from the substance under study, an analyzer to separate the ions depending on their mass-to-charge ratio, and a detector system to record and identify the relative abundance of ion species. They aid in determining molecules in a mixture, detecting impurities in a sample, and analyzing purified protein. Consequently, mass spectrometry platforms find extensive applications across various sectors, including pharmaceuticals, biotechnological, chemical, petrochemical, food and beverages (F&B), etc.

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What are the Growth Prospects and Trends in the Mass Spectrometry Industry?

The expanding usage of the product in the pharmaceutical industry to analyze molecules in drugs, biosimilars, phytoproducts, and regenerative medicines is among the key factors driving the mass spectrometry market. Additionally, the growing emphasis on environmental testing for pollution control is also positively influencing the market growth. Apart from this, the rising adoption of mass spectrometry to detect toxins, pathogens, microorganisms, chemicals, and other contaminants in the F&B segment to maintain food quality and safety is further propelling the global market. Moreover, the increasing technological advancements and the development of innovative hybrid spectrometers that offer rapid and high-resolution testing with improved accuracy and precision are acting as significant growth-inducing factors. Besides this, the inflating investments by leading market players in research and development (R&D) activities and the rising utilization of the product in crude and shale gas production are anticipated to bolster the mass spectrometry market in the coming years.

Who are the Key Players Operating in the Mass Spectrometry Market?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Agilent Technologies Inc.
• Bruker
• Danaher Corporation
• JEOL Ltd.
• Kore Technology Ltd.
• LECO Corporation
• PerkinElmer Inc.
• Rigaku Corporation
• Shimadzu Corporation
• Thermo Fisher Scientific Inc.
• Waters Corporation.

What is Included in Market Segmentation?

The report has categorized the market based on technology, application and region.

Breakup by Technology:

• Triple Quadrupole (Tandem)
• Quadrupole TOF (Q-TOF)
• FTMS (Fourier Transform Mass Spectrometry)
• Quadrupole
• Time-of-Flight (TOF)
• ION Trap
• Others

Based on Application:

• Pharmaceuticals
• Biotechnology
• Chemical and Petrochemicals
• Environmental Testing
• Food & Beverage Testing
• Others

Regional Insights:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of The Report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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