Mass Spectrometry Market Share, Size, Key Players, Trends, Competitive and Regional Forecast to 2030

The mass spectrometry market size was US$ 4.88 billion in 2022, and the mass spectrometry market size is projected to reach US$ 8.19 billion by 2031. It is expected to register a CAGR of 6.7% in 2022-2031.

Market Insights and Analyst View:

Mass spectrometry is an analytical method used to evaluate the mass-to-charge ratio (m/z) of one or more molecules present in the sample. Such measurements may also be used to decide the exact molecular weight of the sample components. Mass spectrometry is also used to determine a compound's molecular mass and indirectly help establish the identity of isotopes. Increasing drug discovery activities, increasing strategic initiatives by companies, increasing adoption of precision medicines, and increasing clinical activities are fueling the market's growth.

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Key Players Analysis:

• AB Sciex Pte Ltd
• Bio Rad Laboratories
• Bruker
• JEOL Ltd
• Kore Technology Limited
• LECO Corporation
• MKS Instruments
• PerkinElmer Inc
• Rigaku Corporation

Report Segmentation and Scope:

The "Global Mass Spectrometry Market" segmentation is done on the basis of application, technology, end-user, and geography. The mass spectrometry market, by technology, is divided into single, hybrid, and others. Based on a single technology, the market is segmented into ion trap, quadrupole, time of flight, and others. Further, on the basis of hybrid technology, the market is segmented into triple quadrupole (Tandem), Quadrupole TOF, and Fourier transform mass spectroscopy. Based on application, the market is segmented into proteomics, metabolomics, environmental analysis, pharmaceutical analysis, forensic applications, clinical applications, and others. The mass spectroscopy market is divided into pharmaceutical and biotechnology companies, environment testing labs, research labs and academic institutes, the food and beverage industry, forensic labs, and others based on end users. The market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, UAE, Saudi Arabia, and the Rest of Middle East & Africa), and the South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

Based on technology, the mass spectrometry market is segmented into single, hybrid, and more. Based on a single technology, the market is segmented into ion trap, quadrupole, time of flight, and others. Further, on the basis of hybrid technology, the market is segmented into triple quadrupole (Tandem), quadrupole TOF, and Fourier transform mass spectroscopy. In 2022, the hybrid technology segment, by technology, held the largest market share of the mass spectrometry market. Moreover, the same segment is expected to grow at the highest CAGR from 2022 to 2031. Increasing product launches with hybrid mass spectrometry to improve the results of the mass spectrometry devices is mainly fueling the growth of the segment. For instance, in June 2022, Agilent Technologies launched several LC/MS and GC/MS quadrupole mass spectrometers. The Agilent 6475 triple quadrupole LC/MS system, 5977C GC/MSD, plus the 7000E GC/TQ and the 7010C GC/TQ represent the latest revolution in Agilent's 50-plus year history in mass spectrometry. These new GC/TQ and LC/TQ products have built-in instrument intelligence, simplifying lab operations.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Mass Spectrometry Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Mass Spectrometry Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.