Discover trends, market shifts, and competitive outlooks for the mass spectrometry industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Projections for the CAGR of the Mass Spectrometry Market Size From 2025 to 2034?

In recent times, the dimension of the mass spectrometry market has experienced significant expansion. It is projected to increase from a value of $6.65 billion in 2024 to a forecasted value of $7.22 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.6%. Factors such as regulatory adherence, elevated levels of research and development investment, heightened demand in the pharmaceutical and biotechnology sectors, environmental surveillance, and clinical diagnostics have determined the growth trajectory in the historical period.

The market size for mass spectrometry is projected to witness swift expansion in the upcoming years, reaching “$10.7 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. The upturn during the predicted period can be credited to rising spending in healthcare, broadening uses in food safety, emerging market acceptance, improvements in precision medicine and collaborations across various industries. The major trends for the projected period are advancements in ionization techniques, increased involvement in food and beverage testing, cooperative efforts in multi-omics research and improved data accessibility via cloud-based solutions.

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What Are the Primary Drivers Supporting the Market Growth of the Mass Spectrometry Market?

The surge of chronic diseases is prompting the expansion of the mass spectrometry market. These long-term conditions, which usually worsen with time, lean on mass spectrometry techniques for the identification, quantification, and analysis of associated biomarkers and metabolites. For example, in September 2022, data from the World Health Organization indicated that of the 41 million deaths caused by non-communicable diseases (NCDs) or chronic diseases, 74% occurred globally. These deaths included 17.9 million from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Looking ahead, a 2023 report from the National Institutes of Health (NIH) predicts that the number of individuals aged 50 and up dealing with at least one chronic illness will rise to 142.66 million by 2050. As such, the ongoing rise in chronic disease cases is fueling the expansion of the mass spectrometry market.

Which Primary Segments of the Mass Spectrometry Market Are Driving Growth and Industry Transformations?

The mass spectrometry market covered in this report is segmented –

1) By Technology: Hybrid Mass Spectrometry, Single Mass Spectrometry, Inductively Coupled Plasma Mass Spectrometry (ICP-MS)

2) By Application: Life Science Research, Drug Discovery, Environmental Testing, Food Testing, Applied Industries, Clinical Diagnostics, Other Applications

3) By End User: Pharmaceutical Industry, Biotechnology Industry, Research And Academic Institutes, Environmental Testing Industry, Food And Beverage Testing Industry, Petrochemical Industry, Other End Users

Subsegments:

1) By Hybrid Mass Spectrometry: Quadrupole Time-of-Flight (QTOF), Orbitrap Mass Spectrometry, Triple Quadrupole Mass Spectrometry

2) By Single Mass Spectrometry: Time-Of-Flight (TOF), Quadrupole Mass Spectrometry, Ion Trap Mass Spectrometry, Inductively Coupled Plasma Mass Spectrometry (ICP-MS)

3) By ICP-MS: Quadrupole ICP-MS, Sector Field ICP-MS, High-Resolution ICP-MS

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Mass Spectrometry Market?# Market?

North America was the largest region in the mass spectrometry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the mass spectrometry market size forecast period. The regions covered in the mass spectrometry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Most Significant Market Trends in the Mass Spectrometry Market?

The mass spectrometry market is witnessing an increase in product innovation as a prime trend. Key players in this market are concentrating on creating cutting-edge products with superior features to consolidate their market position. For example, Agilent Technologies Inc, a US firm known for its instruments, software, services, and laboratory items, unveiled LC/MS and GC/MS quadrupole mass spectrometers in June 2022. The Agilent 6475 triple quadrupole LC/MS system is a mass spectrometer characterized by its sensitivity, resilience, and ruggedness, equipped with distinct features like a superheated Agilent Jet Stream (AJS) ion source, a curved and tapered collision cell, a ± 20 kV high-energy dynode detector system, and heated hyperbolic quadrupoles. In addition, the 6475 LC/TQ comes with early maintenance feedback, intelligent secondary injection processes, and scheduled tune and check-tune.

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What Parameters Are Used to Define the Mass Spectrometry Market?

Mass spectrometry is an analytical technique to identify and quantify molecules based on the mass-to-charge ratio. It involves ionizing a sample, separating the ions based on mass-to-charge ratio, and detecting them to generate a mass spectrum.

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