Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

Mass Spectrometry Market Growth Forecast 2024-2033: What’s the Expected Rate?

In recent years, the size of the mass spectrometry market has experienced significant growth. It’s projected to inflate from $6.11 billion in 2023 to $6.67 billion in 2024, with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to the growth during the historical period include regulatory compliance, escalated investments in research and development, increased demand in pharmaceutical and biotechnology sectors, environmental monitoring, and clinical diagnostics, which have been key drivers to this historical growth.

The market size for mass spectrometry is anticipated to witness robust growth over the coming years. With a compound annual growth rate (CAGR) of 9.2%, it is projected to reach $9.5 billion in 2028. The surge in size during the forecasted period is due to factors such as rising healthcare spending, broadening uses in food safety, the embracing of emerging markets, progress in precision medicine, and intra-industry collaboration. Forecasted trends include development in ionization techniques, growing importance in food and beverage testing, mutual collaborations for multi-omics research, improved data access, and cloud-based solutions.

Claim Your Free Sample of the Global Mass Spectrometry Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=10782&type=smp

What Factors Are Impacting the Growth of the mass spectrometry Market?

The mass spectrometry market is anticipated to expand due to the rising incidence of chronic diseases. These diseases typically persist for three or more months and deteriorate over time. Mass spectrometry techniques are utilized for identifying, quantifying, and examining biomarkers and metabolites related to chronic diseases. As an example, in September 2022, the World Health Organization, a specialized United Nation’s agency based in Switzerland, reported 41 million deaths, equivalent to 74% of fatalities caused by non-communicable diseases or chronic diseases globally every year. These included 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Additionally, a 2023 report by the National Institutes of Health, a US-based biomedical research agency, projected a 99.5% increase in the population of individuals aged 50 and above with at least one chronic illness by 2050, climbing from 71.522 million in 2020 to 142.66 million. Hence, the growing incidence of chronic diseases is fuelling the growth of the mass spectrometry market.

What Are the Fundamental Segments in the Mass Spectrometry Market?

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

What Trends Are Shaping the New Direction of the Mass Spectrometry Market?

A significant trend emerging in the mass spectrometry market is product innovation. Key companies in this industry are striving to create ground-breaking products with superior features to consolidate their market position. An example of this trend is the U.S. based company, Agilent Technologies Inc., known for providing instruments, software, services, and consumables for laboratories. In June 2022, the company introduced their latest innovation – LC/MS and GC/MS quadrupole mass spectrometers. The Agilent 6475 triple quadrupole LC/MS system is a robust, rugged, and sensitive mass spectrometer complete with a novel 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. This system features early maintenance feedback, intelligent secondary injection workflows, and scheduled tune and check-tune, adding further to its impressive specifications.

Order Now for Fast Delivery of Your Mass Spectrometry Market Report!

https://www.thebusinessresearchcompany.com/report/mass-spectrometry-global-market-report

Which Regions Are Making a Mark in the Mass Spectrometry Market Growth?

North America was the largest region in the mass spectrometry market in 2023. 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

The Mass Spectrometry Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the mass spectrometry market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Mass Spectrometry Market Include

1. Mass Spectrometry Market Executive Summary

2. Mass Spectrometry Market Segments

3. Mass Spectrometry Market Size And Template Market Growth Rate

4. Key Mass Spectrometry Market Trends

5. Major Mass Spectrometry Market Drivers

……

25. Key Mergers And Acquisitions In The Mass Spectrometry Market

26. Top Mass Spectrometry Companies

27. Mass Spectrometry Market Opportunities And Strategies

28. Mass Spectrometry Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Shipboard Cables Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/shipboard-cables-global-market-report

Multimode-Fiber Cable Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/multimode-fiber-cable-global-market-report

Single-Mode Fiber Cable Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/single-mode-fiber-cable-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: