Mass Spectrometry Market Report: Trends, Forecast and Competitive Analysis to 2030

Mass Spectrometry Trends and Forecast

The future of the global mass spectrometry market looks promising with opportunities in the pharmaceutical company, biotechnology company, research lab & academic institute, environmental testing lab, F&B industry, forensic lab, and petrochemical markets. The global mass spectrometry market is expected to reach an estimated $8.24 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing demand for accurate and sensitive analytical techniques, technological advancements in mass spectrometers, and increasing government initiatives for pollution control and environmental testing.

A more than 150-page report is developed to help in your business decisions.

Mass Spectrometry by Segment

The study includes a forecast for the global mass spectrometry by product, sample preparation technique, application, end use, and region.

Mass Spectrometry Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Instruments
• Hybrid Mass Spectrometry
• Triple Quadrupole
• Quadrupole ToF (Q-ToF)
• Single Mass Spectrometry
• Quadrupole
• Time-of-Flight (ToF)
• Ion Trap
• Software & Services

Mass Spectrometry Market by Sample Preparation Technique [Shipment Analysis by Value from 2018 to 2030]:

• GC-MS
• LC-MS
• ICP-MS
• Others

Mass Spectrometry Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• OMICS Research (Genomics, Proteomics And Metabolomics)
• Drug Discovery
• Environmental Testing
• Food Testing
• Pharma-Biopharma Manufacturing
• Clinical Diagnostics
• Applied Industries
• Others

Mass Spectrometry Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Pharmaceutical Companies
• Biotechnology Companies
• Research Labs & Academic Institutes
• Environmental Testing Labs
• F&B Industry
• Forensic Labs
• Petrochemical Industry
• Others

Mass Spectrometry Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Mass Spectrometry Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mass spectrometry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mass spectrometry companies profiled in this report include-

• Thermo Fisher Scientific
• Agilent Technologies
• Danaher Corporation
• Waters Corporation
• BrU.K.er Corporation
• Shimadzu Corporation
• PerkinElmer
• Rigaku Corporation
• LECO Corporation
• JEOL

Mass Spectrometry Market Insights

Lucintel forecasts that hybrid mass spectrometry will remain the largest segment over the forecast period as it provides enhanced selectivity, sensitivity, and quantification cababilities.

Within this market, pharmaceutical companies is expected to witness the highest growth due to the growing adoption of protein sequencing using mass spectrometry in the pharmaceutical industry for drug discovery and development processes.

North America will remain the largest region over the forecast period due to the growing number of research and development activities and presence of advanced research healthcare infrastructure in the region.

Features of the Global Mass Spectrometry Market

Market Size Estimates: Mass spectrometry market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Mass spectrometry market size by various segments, such as by product, sample preparation technique, application, end use, and region in terms of value ($B).

Regional Analysis: Mass spectrometry market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, sample preparation techniques, applications, end uses, and regions for the mass spectrometry market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mass spectrometry market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the mass spectrometry market size?

Answer: The global mass spectrometry market is expected to reach an estimated $8.24 billion by 2030.

Q2. What is the growth forecast for mass spectrometry market?

Answer: The global mass spectrometry market is expected to grow with a CAGR of 7.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the mass spectrometry market?

Answer: The major drivers for this market are growing demand for accurate and sensitive analytical techniques, technological advancements in mass spectrometers, and increasing government initiatives for pollution control and environmental testing.

Q4. What are the major segments for mass spectrometry market?

Answer: The future of the mass spectrometry market looks promising with opportunities in the pharmaceutical company, biotechnology company, research lab & academic institute, environmental testing lab, F&B industry, forensic lab, and petrochemical markets.

Q5. Who are the key mass spectrometry market companies?

Answer: Some of the key mass spectrometry companies are as follows:

• Thermo Fisher Scientific
• Agilent Technologies
• Danaher Corporation
• Waters Corporation
• BrU.K.er Corporation
• Shimadzu Corporation
• PerkinElmer
• Rigaku Corporation
• LECO Corporation
• JEOL

Q6. Which mass spectrometry market segment will be the largest in future?

Answer: Lucintel forecasts that hybrid mass spectrometry will remain the largest segment over the forecast period as it provides enhanced selectivity, sensitivity, and quantification cababilities.

Q7. In mass spectrometry market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the growing number of research and development activities and presence of advanced research healthcare infrastructure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the mass spectrometry market by product (instruments, hybrid mass spectrometry, triple quadrupole, quadrupole ToF (Q-ToF), single mass spectrometry, quadrupole, time-of-flight (ToF), ion trap, and software & services), sample preparation technique (GC-MS, LC-MS, ICP-MS, and others), application (OMICS research (genomics, proteomics and metabolomics), drug discovery, environmental testing, food testing, pharma-biopharma manufacturing, clinical diagnostics, applied industries, and others), end use (pharmaceutical companies, biotechnology companies, research labs & academic institutes, environmental testing labs, F&B industry, forensic labs, petrochemical industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?