The global mass spectrometry market was valued at USD 5.40 Billion in 2024 driven by the increasing demand for biopharmaceuticals and the technological advancements across the globe. It is expected to grow at a CAGR of 7.50% during the forecast period of 2025-2034 and attain a market value of USD 11.13 Billion by 2034.
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The market is driven by the growing need for biopharmaceuticals, progress in personalized medicine, and heightened regulatory compliance requirements. These factors are encouraging the widespread adoption of advanced mass spectrometry technologies around the world.
In January 2024, Shimadzu Scientific Instruments introduced cutting-edge mass spectrometers featuring innovative capabilities. These developments highlight the market’s dedication to improving analytical precision, driving growth in the mass spectrometry market as they respond to the changing needs of their users.
North America is expected to lead the market supported by a strong pharmaceutical sector and the extensive application of mass spectrometry in areas like drug discovery, clinical diagnosis, and environmental testing.
Mass spectrometry is an advanced analytical method that enables the identification and quantification of various compounds by analyzing their mass-to-charge ratios. The increasing interest in biopharmaceuticals and personalized medicine is propelling the market's growth, as sophisticated instruments are essential for maintaining quality standards and regulatory compliance. Notable trends include ongoing technological advancements, new regulatory approvals, and strategic partnerships, all of which are transforming the market. These developments are not only driving expansion but also positioning mass spectrometry as a crucial component in areas such as diagnostics, pharmaceuticals, and environmental monitoring.
Increasing Demand for Biopharmaceuticals Driving Market Growth
The rising demand for biopharmaceuticals is significantly driving the growth of the market. As biopharmaceuticals, including gene therapies, vaccines, and antibodies, often contain complex biological materials, there is an increasing need for sophisticated analytical techniques to ensure product quality and safety. As per analysis by Expert Market Research, the global biopharmaceutical market is expected to grow at a CAGR of 7.6% in the forecast period of 2025-2034. This heightened focus on product safety and regulatory compliance is propelling further advancements and investment in mass spectrometry technologies.
Several trends and developments are being observed in the market to enhance the current situation. Some of the noteworthy trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Techniques
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
Based on the End User Pharmaceutical Companies Hold a Substantial Market Growth
Based on end-user, the market is divided into pharmaceutical companies, biotechnology companies, research labs and academic institutes, forensic labs, as well as the food and beverage industry, among others. Among these, the pharmaceutical companies are expected to domain to dominate the market due to their focus on developing personalized medicine, aimed at addressing the unique needs of patients. Mass spectrometers are crucial as they provide vital measurements of metabolites, specific biomarkers, and drug compounds in biological samples from patients, thereby supporting the advancements of personalized therapeutic approaches.
Based on region, the market report covers North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. Among these, North America is expected to dominate the market in the forecast period. The well-established pharmaceutical industry has fueled a significant rise in demand for mass spectrometry. Pharmaceutical companies are involved in developing reliable and efficient instruments to ensure accurate data analysis in drug discovery, and detection. Additionally, biochemical analysis, forensic science, and environmental testing are poised to further accelerate growth in this region.
The key features of the market report include patent analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies are:
SCIEX was founded in 1974 and headquartered in Framingham, USA. The company has been a pioneer in mass spectrometry, introducing the first commercially successful triple quadrupole mass spectrometer in 1981. SCIEX launched the 7500+ system, enhancing its quantitative mass spectrometry portfolio with high sensitivity and resilience.
Thermo Fisher Scientific was established in 1956 through the merger of Thermo Electron and Fisher...
Agilent Technologies was founded in 1999 and is based in California, USA. Agilent provides a comp...
Waters Corporation was established in 1958 and is headquartered in Massachusetts, USA. The compan...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other companies include PerkinElmer Inc., Shimadzu Corporation, Bruker Corporation, Analytik Jena GmbH, JEOL Ltd., MKS Instruments, Inc., and Hiden Analytical Ltd.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Techniques |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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