Mass Spectrometry Market 2024 – Market Trends, Latest Growth Opportunities, Top Players And Forecast To 2033 | Agilent Technologies Inc., Bruker Corporation, JEOL Ltd., LECO Corporation, PerkinElmer Inc.

Overview and Scope
Mass spectrometry is an analytical technique to identify and quantify molecules based on the mass-to-charge ratio. It involves ionizing a sample, separating the ions based on mass-to-charge ratio, and detecting them to generate a mass spectrum.

Sizing and Forecast
The mass spectrometry market size has grown strongly in recent years. It will grow from $6.11 billion in 2023 to $6.67 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to regulatory compliance, increased research and development investments, increased pharmaceutical and biotechnology demand, environmental monitoring, clinical diagnostics have shaped historical growth..

The mass spectrometry market size is expected to see strong growth in the next few years. It will grow to $9.5 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing healthcare expenditure, expanding applications in food safety, emerging markets adoption, advancements in precision medicine, cross-industry collaborations .. Major trends in the forecast period include advances in ionization techniques, growing role in food and beverage testing, collaboration for multi-omics research, enhanced data accessibility and cloud-based solutions..

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Segmentation & Regional Insights
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

North America was the largest region in the mass spectrometry market in 2023. 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

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Major Driver Impacting Market Growth
The increasing prevalence of chronic diseases is expected to propel the growth of the mass spectrometry market going forward. Chronic diseases refer to a condition that usually lasts for three months or longer and gets worse over time. Mass spectrometry techniques are used to identify, quantify, and analyze biomarkers and metabolites associated with chronic diseases. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Furthermore, in 2023, according to a report published by the National Institutes of Health (NIH), a US-based biomedical research agency, the number of people aged 50 and older with at least one chronic illness is predicted to rise by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Therefore, the increasing prevalence of chronic diseases is driving the growth of the mass spectrometry market.

Key Industry Players
Major companies operating in the mass spectrometry market report are 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.

The mass spectrometry market report table of contents includes:

1. Executive Summary

2. Mass Spectrometry Market Characteristics

3. Mass Spectrometry Market Trends And Strategies

4. Mass Spectrometry Market – Macro Economic Scenario

5. Global Mass Spectrometry Market Size and Growth

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32. Global Mass Spectrometry Market Competitive Benchmarking

33. Global Mass Spectrometry Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Mass Spectrometry Market

35. Mass Spectrometry Market Future Outlook and Potential Analysis

36. Appendix