Global Mass Spectrometry Market 2024-2028
The mass spectrometry market is forecasted to grow by USD 3520 mn during 2023-2028, accelerating at a CAGR of 12.26% during the forecast period. The report on the mass spectrometry market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the use of hyphenated technology, a rising focus on drug discovery and development, and a rise in the geriatric population.
Technavio's mass spectrometry market is segmented as below:
ByEnd-user
- Pharmaceutical and biotechnology industries
- Chemical and petrochemical industries
- Others
ByProduct
- Instruments
- Consumables and services
ByGeography
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing demand for mass spectrometers in personalized medicine as one of the prime reasons driving the mass spectrometry market growth during the next few years. Also, increasing demand for portable mass spectrometers and technological advances in mass spectrometers will lead to sizable demand in the market.
The report on the mass spectrometry market covers the following areas:
- Mass spectrometry market sizing
- Mass spectrometry market forecast
- Mass spectrometry market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mass spectrometry market vendors that include 908 Devices Inc., ABB Ltd., Agilent Technologies Inc., Bruker Corp., Endress Hauser Group Services AG, European Virtual Institute for Speciation Analysis, JEOL Ltd., Kore Technology Ltd., LECO Corp., PerkinElmer Inc., Rigaku Corp., Shimadzu Corp., Teledyne Technologies Inc., Thermo Fisher Scientific Inc., and Waters Corp.. Also, the mass spectrometry market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.