Mass Spectrometer Market Forecasts to 2028 – Global Analysis By Product (IRMS, ESI, AMS), Platform (Hybrid, Single), Application (Biotechnology, Environmental Testing, Industrial Chemistry) and By Geography
According to Stratistics MRC, the Global Mass Spectrometer Market is accounted for $6,405.64 million in 2020 and is expected to reach $13,532.60 million by 2028 growing at a CAGR of 9.8% during the forecast period. High technological advancements, demand for petrochemical industry and increasing number of conferences and exhibitions by manufacturing companies are driving the market growth. However, lack of skilled technicians is hampering the growth of the market.
The mass spectrometer is an analytical technique used to quantitate the mass of a particular molecule and involves the incorporation of instruments like chromatography and mass spectrometer. The mass spectrometer is one of the most precise instruments that can measure the molecular weight of an analyst.
Based on the product, the liquid chromatography mass spectrometry segment is going to have lucrative growth during the forecast period due to the growing adoption of high performance liquid chromatography in order to separate, identify, and quantify each component in a mixture during the production process of pharmaceutical and biological products.
By geography, Asia Pacific is going to have high growth during the forecast period due to the evolving and growing economy is projected to increase the demand for mass spectrometer analysis in the region. Increase in the number of pharmaceutical companies in these regions is expected to support market growth.
Some of the key players profiled in the Mass Spectrometer Market include Bio-Rad Laboratories, Inc., Agilent Technologies, Waters Corporation, Bruker Corporation, Thermo Fisher Scientific Inc, Shimadzu Corporation, PerkinElmer Inc., Kore Technologies Ltd, Dani Instruments, Advion, Inc., and Danaher Corporation.
Estimated Market Size in 2020:
USD 6,405.64 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 13,532.60 million
Tables, Graphs & Figures
Product, Platform, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Isotope Ratio Mass Spectrometry (IRMS)
• Ion Mobility Mass Spectrometry (IMMS)
• Inductively Coupled Plasma Mass Spectrometer (ICP-MS)
• Liquid Chromatography Mass Spectrometry
• Accelerator Mass Spectrometry (AMS)
• Gas Chromatography Mass Spectrometer (GC-MS)
• Matrix-Assisted Laser Desorption Ionization - (MALDI) Time-Of-Flight
• Electrospray Ionization (ESI)
• Hybrid Mass Spectrometry
• Single Mass Spectrometry
• Environmental Testing
• Food & Beverage Testing
• Industrial Chemistry
• Chemical Testing
End Users Covered:
• Institutes and Research Centers
• Biopharmaceutical and Pharmaceutical Companies
• Government Organization
• Hospitals & Diagnostic Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Mass Spectrometer Market is majorly driven by the increasing high technological advancements, demand for petrochemical industry and increasing number of conferences and exhibitions by manufacturing companies.
The liquid chromatography mass spectrometry segment is growing at a highest CAGR due to the growing adoption of high performance liquid chromatography in order to separate, identify, and quantify each component in a mixture.
North America dominated with a significant market share due to the factors such as high petrol and natural gas production, concentration of leading manufacturers and can be primarily attributed to ongoing research for soil, air and water testing.
Asia Pacific market is growing at a highest CAGR due to the evolving and growing economy is projected to increase the demand for mass spectrometer analysis in the region.
Key players in Mass Spectrometer Market include Bio-Rad Laboratories, Inc., Agilent Technologies, Waters Corporation, Bruker Corporation, Thermo Fisher Scientific Inc, Shimadzu Corporation, PerkinElmer Inc., Kore Technologies Ltd, Dani Instruments, Advion, Inc., and Danaher Corporation.
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.