Global Mass Spectrometry Market Size, Trends and Growth opportunity, By Technology (Hybrid Mass Spectrometry, Single Mass Spectrometry, and Other Mass Spectrometry), By Application (Pharmaceutical, Biotechnology, Security, Industrial Chemistry, Environmen

Global Mass Spectrometry Market Size, Trends and Growth opportunity, By Technology (Hybrid Mass Spectrometry, Single Mass Spectrometry, and Other Mass Spectrometry), By Application (Pharmaceutical, Biotechnology, Security, Industrial Chemistry, Environmental Testing, Food & Beverage Testing, Forensic, Clinical and Other Applications), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

Global Mass Spectrometry Market

Global Mass Spectrometry Market was valued at USD 4.81 billion in 2021 and is expected to reach USD 8.65 billion by 2027, at a CAGR 9.13% from 2022-2027.

Mass Spectrometry provides increased sensitivity over another analytical system, owing to decreased background intrusion & superior specificity from characteristic fragmentation patterns to detect unknown compounds. Additionally, it identifies existence of suspected compound & data regarding molecular weight of the compound in the mixture, and provide information about isotopic abundance of elements and chemical data determined for a short period.

Mass spectrometry is also useful in analytical method to characterize large biomolecules, for example; DNA & proteins, and omics-related studies.

Market Drivers

Increasing technological advancements is the key driving factor which is projected to boost the global mass spectrometry market growth. Also, rising R&D investments by pharmaceutical and biotechnological companies as well as government initiatives is expected to boost the market growth during this forecast period 2027.

Furthermore, environmental testing for pollution management had become important, which is boosting market growth. The increasing use of mass spectrometry to detect toxins, microbes, pathogens & chemicals in order to ensure food quality & safety is boosting mass spectrometry market expansion.

Market Restraints

High cost of instrument is the major restraining factor which is expected to obstruct the global mass spectrometry market growth. As cost of a spectrometer influences end users' purchase decisions. Also, lack of skilled professionals is expected to hinder the global mass spectrometry market.

Market Segmentation

The Global Mass Spectrometry Market is segmented into; technology, application, and region.

Based on the technology, the mass spectrometry market is segmented into hybrid mass spectrometry, single mass spectrometry, and other technologies.

Regional Analysis

The Global Mass Spectrometry Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North American region is expected to dominate the mass spectrometry market because of the existence of developed technologies. Additionally, favourable government funding programs for research studies which uses mass spectroscopy shall flourish the market’s growth rate in this region.

The Asia-Pacific region is expected to grow during the forecast period because of the growing use of mass spectroscopy in food testing processes & pharmaceutical industries.

Market Key Players

Various key players are discussed into the Global Mass Spectrometry Market Report including: Thermo Fischer Scientific, Sciex, Agilent Technologies, Waters Corporation, Shimadzu Corporation, Bruker, Perkinelmer, Jeol, Flir Systems, Danaher, and Others.

For instance, in June 2020, Agilent Technologies had introduced its new Mass Spectrometry products to market such as Agilent 6470B Triple Quadrupole LC/MS (6470 LC/TQ) system, and the Agilent Rapid-fire 400 system. These products delivered faster detection of target compounds and reduced time to generate results.

Market Taxonomy

By Technology

• Hybrid Mass Spectrometry
• Single Mass Spectrometry
• Others