Press release
In-Depth Analysis of the Mass Spectrometry Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Mass Spectrometry Global Market
The escalating occurrence of chronic ailments is anticipated to spur the expansion of the mass spectrometry market. These ailments, often lasting three months or more and progressively worsening, are frequently detected, quantified, and analyzed using mass spectrometry methodologies to identify related biomarkers and metabolites. For instance, the World Health Organization, a Swiss-based UN-specialized agency, reported in September 2022 that 41 million deaths, or 74% of all deaths, are attributable to non-communicable diseases or chronic diseases annually worldwide. This includes 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. Moreover, a 2023 report from the National Institutes of Health, a US-based biomedical research agency, projected that the count of individuals aged 50 and up with at least one chronic disease is anticipated to escalate to 142.66 million by 2050. As a result, the surging incidence of chronic diseases is propelling the expansion of the mass spectrometry market.
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What is the projected compound annual growth rate (CAGR) of the mass spectrometry market from 2025 to 2034, and what factors influence it?
The market size for mass spectrometry has seen robust growth in the past few years. There is a predicted increase from $6.65 billion in 2024 to $7.22 billion in 2025, marking a compound annual growth rate (CAGR) of 8.6%. This noteworthy growth during the historic period is largely due to regulatory compliance measures, higher investment in research and development, an upward curve in pharmaceutical and biotechnology demand, vigilant environmental monitoring, and clinical diagnostics influencing the pattern of historical growth.
The mass spectrometry industry is projected to experience swift expansion in the upcoming years. The market size is predicted to reach ""$10.7 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. The market's growth in the projected period can be ascribed to factors such as escalating healthcare costs, the widespread use in food safety, adoption in emerging markets, progress in precision medicine, and multi-sector collaborations. Significant trends anticipated in the forecast period encompass developments in ionization methods, an increasing role in food and beverage analysis, partnerships for multi-omics research, improved data accessibility, and the use of cloud-based solutions.
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How are the latest trends influencing the growth of the mass spectrometry market?
Product innovation is emerging as a crucial trend in the mass spectrometry market. The primary companies involved in this market are strategically focusing on creating innovative products with cutting-edge features to solidify their market standing. For example, in June 2022, Agilent Technologies Inc., a company based in the US known for providing instruments, software, services, and lab consumables, introduced LC/MS and GC/MS quadrupole mass spectrometers. The Agilent 6475 triple quadrupole LC/MS system is characterised as a sensitive, robust and dependable mass spectrometer featuring a unique 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. Added features include early maintenance feedback, smart secondary injection workflows, and scheduled tune and check-tune in the 6475 LC/TQ.
What are the major segments of the mass spectrometry market and their role in driving growth?
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 mass spectrometry 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
Who are the key firms paving the way for growth in the mass spectrometry market?
Major companies operating in the mass spectrometry market include Agilent Technologies Inc., Bruker Corporation, JEOL Ltd., LECO Corporation, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Waters Corporation, AB Sciex Pte Ltd., Danaher Corporation, Hitachi Ltd., Rigaku Corporation, Advion Inc., AMETEK. Inc., Analytik Jena GmbH, DANI Instruments S.p.A., Eurofins Scientific SE, FLIR Systems Inc., MKS Instruments, Elementar Analysensysteme GmbH, Hiden Analytical Europe GmbH, SPECTRO Analytical Instruments GmbH, EXUM INSTRUMENTS INC., 908 Devices Inc., MassTech Inc., Newomics Inc., Microsaic Systems plc, SCIEX AB, Kore Technologies Ltd., IonSense Inc.
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What Is Covered In The Mass Spectrometry Global Market Report?
• Market Size Forecast: Examine the mass spectrometry market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the mass spectrometry market for a structured understanding.
• Key Players Overview: Analyze major players in the mass spectrometry market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mass spectrometry market.
• Segment Contributions: Evaluate how different segments drive overall growth in the mass spectrometry market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mass spectrometry market.
• Industry Challenges: Identify potential risks and obstacles affecting the mass spectrometry market.
• Competitive Landscape: Review strategic developments in the mass spectrometry market, including expansions, agreements, and new product launches.
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