Global Mass Spectrometry Market Size To Exceed USD 14.95 Billion by 2035 | CAGR 7.75%
Category: HealthcareGlobal Mass Spectrometry Market Size To Exceed USD 14.95 Billion by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Mass Spectrometry Market Size is Expected to Grow from USD 6.58 Billion in 2024 to USD 14.95 Billion by 2035, at a CAGR of 7.75% during the Forecast Period 2025-2035.
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Browse key industry insights spread across 245 pages with 122 Market data tables and figures & charts from the report on the "Global Mass Spectrometry Market Size, Share, and COVID-19 Impact Analysis, By Product (Instruments, and Consumables & Services), By End User (Government & Academic Institutions, Pharmaceutical & Biotechnology Companies, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/mass-spectrometry-market
The Mass Spectrometry Market Size is the sector of the economy that is focused on developing, producing, and applying mass spectrometry technology. These analytical tools measure the mass-to-charge ratio of ions to identify chemical substances. The market is driven by the need for environmental testing, biotechnology, medications, and food safety. A variety of instruments designed for use in various contexts and applications make up the worldwide mass spectrometry market. The need for new diagnostic techniques, the rise in the prevalence of chronic illnesses, and increased spending on drug development and discovery are some of the primary factors driving the mass spectrometry market's growth. A key driver of market expansion is the rise in government assistance for the healthcare and pharmaceutical sectors. The increasing R&D investment in the biotechnology and pharmaceutical sectors is driving mass spectrometers (MS). However, high costs, complicated operations, difficulties with regulations, restricted adoption, upkeep costs, technological limitations, and a lack of experienced workers.
The instruments segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product, the mass spectrometry market is divided into instruments, and consumables & services. Among these, the instruments segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The existence of numerous businesses providing various kinds of mass spectrometry equipment is the reason behind the instruments segment.
The pharmaceutical & biotechnology companies segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end user, the mass spectrometry market is divided into government & academic institutions, pharmaceutical & biotechnology companies, and others. Among these, the pharmaceutical & biotechnology companies segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The section of biotechnology and pharmaceutical companies is a result of the extensive use of protein sequencing and mass spectrometry in the pharmaceutical industry for drug research and development activities.
North America is expected to hold the majority share of the global mass spectrometry market during the forecast period.
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North America is expected to hold the majority share of the global mass spectrometry market during the forecast period. Technological developments, rising demand from the biotechnology and pharmaceutical industries, rising spending on medication development and discovery, and growing use in illness diagnostics are driving North America. In addition, it is anticipated that strong financing in proteomics and related sectors leads to several market expansion prospects.
Asia Pacific is anticipated to grow at the fastest pace in the global mass spectrometry market during the forecast period. The government of developing nations like India launches programs like Make in India or BIRAC to focus on building biotechnology and healthcare infrastructure. Despite the relative inexperience of the country in translational medicine, the market is expected to grow rapidly.
Europe is predicted to hold a significant share of the mass spectrometry market throughout the estimated period. The market for mass spectrometry is expanding in Europe due to the rising demand in biotechnology, pharmaceuticals, and environmental testing. Moreover, companies are utilizing their market presence by introducing new products and consumables.
Major vendors in the global mass spectrometry market are Thermo Fisher Scientific, Inc., JEOL Ltd., Ametek, Inc, JEOL Ltd., PerkinElmer, Inc., Waters Corporation, Shimadzu Corporation, Rigaku Corporation, LECO Corporation, Bruker Corporation, MKS Instruments, Danaher Corporation (SCIEX), Hitachi High-Tech Corporation, Teledyne Technologies Incorporated, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2024, A partnership was announced by SCIEX (Danaher Corporation) to use artificial intelligence quantitation (AI quant) software to handle data from the SCIEX 7500+ mass spectrometers and the ZenoTOF 7600 system.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the mass spectrometry market based on the below-mentioned segments:
Global Mass Spectrometry Market, By Product
- Instruments
- Consumables & Services
Global Mass Spectrometry Market, By End User
- Government & Academic Institutions
- Pharmaceutical & Biotechnology Companies
- Others
Global Mass Spectrometry Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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