Mass Spectrometry Market by Offering, Technology, End-user

List of Tables

[185 Pages Report] The Mass Spectrometry Market size was estimated at USD 5.64 billion in 2023 and expected to reach USD 6.06 billion in 2024, at a CAGR 7.87% to reach USD 9.58 billion by 2030.

Mass spectrometry (MS) is an analytical technique used to measure the mass-to-charge ratio of ions. It is instrumental in identifying the amount and type of chemicals present in a sample by generating spectra of the masses of the atoms or molecules present. This capability makes mass spectrometry invaluable in a wide range of applications, including pharmaceuticals, proteomics, food safety, and environmental analysis. Expanding drug discovery and development activities with the expansion of pharmaceutical and biotechnology companies is expanding the demand for mass spectrometry. There is a rising emphasis on quality control and assurance in various sectors, particularly in pharmaceuticals, food safety, and environmental testing. Regulations mandating strict quality and safety standards drive the adoption of mass spectrometry techniques. Governmental and non-governmental funding for research in pharmaceuticals, biotechnology, and environmental sectors necessitates robust analytical methods, propelling the demand for mass spectrometry. The high cost of mass spectrometry instruments, technical complexity, and skilled personnel requirements hampers the market growth. Innovations in mass spectrometry, such as increased automation, higher sensitivity, and faster throughput associated with mass spectrometry, create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.64 billion
Estimated Year [2024]	USD 6.06 billion
Forecast Year [2030]	USD 9.58 billion
CAGR (%)	7.87%

Offering: Growing usage of consumables in mass spectrometry for the operation of mass spectrometers

Consumables in mass spectrometry are essential for the operation of mass spectrometers and include items that need regular replacement due to wear and tear or consumption during the analysis. This category covers a broad range of products, such as columns, standards, reagents, sample preparation materials, and cartridges. High-purity standards are crucial for calibration and validation of experiments, while sample preparation kits are tailored to efficiently prepare samples for specific types of analyses, ensuring accuracy and reproducibility. The instrument segment of mass spectrometry comprises various types of spectrometers and accessories designed to cater to a wide range of applications from biomedical research to environmental analysis. Software & services for mass spectrometry play a pivotal role in data acquisition, analysis, and interpretation. Advanced software solutions enable streamlined workflow management, sophisticated data analysis, and interpretation tools that facilitate the extraction of meaningful insights from complex datasets. Services in this arena include maintenance and repair, user training, and application support, ensuring the optimal performance of the mass spectrometry equipment and the proficiency of the users. Innovations in software also increasingly leverage artificial intelligence and machine learning algorithms to enhance data analysis processes.

End-user: High potential of mass spectrometry across the food & beverage industry to ensure product safety and quality

In the context of environmental testing, mass spectrometry (MS) plays a crucial role in detecting, identifying, and quantifying pollutants and unknown compounds in various environmental samples, including water, air, soil, and sediment. The technique's sensitivity and specificity make it invaluable for monitoring environmental pollution levels, assessing the effectiveness of pollution control technologies, and studying the fate and transport of contaminants in the environment. MS-based methods can support regulatory compliance efforts and contribute to environmental protection initiatives by enabling precise and early detection of potential environmental hazards. Within the food & beverage industry, mass spectrometry is employed to ensure product safety and quality by detecting contaminants such as pesticides, toxins, and adulterants. It also facilitates the analysis of food composition, including the identification of allergens, nutritional components, and flavor compounds. MS techniques offer the advantage of high-throughput analysis with minimal sample preparation, supporting industry efforts to comply with safety standards and regulatory requirements while meeting consumer expectations for quality. In the petrochemical sector, mass spectrometry is utilized for the analysis of crude oil and its derivatives. The technique aids in determining the molecular composition and structure of complex mixtures, which is essential for quality control, product development, and optimization of refining processes. MS-based analyses can help in identifying the presence of impurities that may affect product performance and in monitoring the effectiveness of pollution control measures. The insights gained from these analyses are pivotal for enhancing product quality, reducing production costs, and minimizing environmental impact. For pharmaceutical & biotechnology companies, mass spectrometry is indispensable in drug discovery, development, and quality control processes. It aids in the identification and quantification of compounds, determination of molecular structure, analysis of metabolic pathways, and detection of impurities and degradation products. The high accuracy, sensitivity, and speed of MS techniques are critical for ensuring the safety, efficacy, and quality of pharmaceutical products, thereby supporting regulatory compliance and the advancement of medicine.

Regional Insights

The Americas represents a highly developing landscape for the mass spectrometry market due to a well-established pharmaceutical sector, significant investments in research and development (R&D), and a strong presence of leading mass spectrometry manufacturers. The region's emphasis on strict regulatory frameworks for drug development and food safety has also spurred the adoption of mass spectrometry technologies. Furthermore, the growing biotechnology industry and increased government funding for research in metabolomics and proteomics are significant factors contributing to the market's growth. Canada and Brazil also show promising market expansion, attributed to increased investments in environmental and agricultural research. The Asia-Pacific region is witnessing the fastest growth in the Mass Spectrometry market, driven by the expanding pharmaceuticals and biotechnology sectors in countries such as China, India, and Japan. Increased government initiatives towards pollution control and environmental testing, rising investments in healthcare infrastructure, and growing awareness about the importance of food safety are pivotal in driving the demand for mass spectrometry technologies. Additionally, the region's growing focus on research in proteomics and genomics, supported by investments in academic and research institutions, further bolsters market growth. Europe stands as a growing market for mass spectrometry, with a strong focus on innovation and R&D in countries such as Germany, the United Kingdom, and France. The presence of stringent regulations regarding drug development and food safety, coupled with the high adoption of cutting-edge technologies in research institutions and pharmaceutical companies, underpins the market growth. The Middle East and Africa (MEA) regions are gradually recognizing the importance of mass spectrometry in diagnostics, environmental testing, and petrochemical applications.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Mass Spectrometry Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Mass Spectrometry Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Mass Spectrometry Market, highlighting leading vendors and their innovative profiles. These include 908 Devices Inc., Advion, Inc., Agilent Technologies, Inc., AMETEK Inc., Analytik Jena AG, Avantor, Inc., Bruker Corporation, Danaher Corporation, F. Hoffmann-La Roche AG, Hiden Analytical, Inc., Hitachi, Ltd., JEOL Ltd., Kore Technology Limited, LECO Corporation, Merck KGaA, MKS Instruments, Inc., PerkinElmer, Inc., Pfeiffer Vacuum GmbH, Process Insights AG, Shimadzu Corporation, Spectrum Chemical Mfg. Corp., Thermo Fisher Scientific Inc., VProteomics, and Waters Corporation.

Market Segmentation & Coverage

This research report categorizes the Mass Spectrometry Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Consumables
- Instruments
- Software & Services

Technology
- Fourier Transform-Mass Spectrometry
- Gas Chromatography-Mass Spectrometry
- Magnetic Sector Mass Spectrometry
- Matrix Assisted Laser Desorption/Ionization
- Quadrupole Mass Spectrometry
- Time-of-Flight Mass Spectrometry

End-user
- Environmental Testing
- Food & Beverage
- Petrochemical
- Pharmaceutical & Biotechnology Companies
- Research & Academic Institutions

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Mass Spectrometry Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Mass Spectrometry Market?

3. What are the technology trends and regulatory frameworks in the Mass Spectrometry Market?

4. What is the market share of the leading vendors in the Mass Spectrometry Market?

5. Which modes and strategic moves are suitable for entering the Mass Spectrometry Market?

Product Code: MRR-6B77D7DC7872

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising drug discovery and development activities worldwide
  - 5.1.1.2. Increasing emphasis on quality control and assurance in the food industry
- 5.1.2. Restraints
  - 5.1.2.1. High cost of mass spectrometry instruments
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous innovations in mass spectrometry solutions to broaden applications
  - 5.1.3.2. High potential of mass spectrometry for environmental monitoring
- 5.1.4. Challenges
  - 5.1.4.1. Technical complexity and skilled personnel requirements for the operation of mass spectrometry equipment
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Growing usage of consumables in mass spectrometry for the operation of mass spectrometers
- 5.2.2. End-user: High potential of mass spectrometry across the food & beverage industry to ensure product safety and quality
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Mass Spectrometry Market, by Offering

6.1. Introduction
6.2. Consumables
6.3. Instruments
6.4. Software & Services

7. Mass Spectrometry Market, by Technology

7.1. Introduction
7.2. Fourier Transform-Mass Spectrometry
7.3. Gas Chromatography-Mass Spectrometry
7.4. Magnetic Sector Mass Spectrometry
7.5. Matrix Assisted Laser Desorption/Ionization
7.6. Quadrupole Mass Spectrometry
7.7. Time-of-Flight Mass Spectrometry

8. Mass Spectrometry Market, by End-user

8.1. Introduction
8.2. Environmental Testing
8.3. Food & Beverage
8.4. Petrochemical
8.5. Pharmaceutical & Biotechnology Companies
8.6. Research & Academic Institutions

9. Americas Mass Spectrometry Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Mass Spectrometry Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Mass Spectrometry Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Establishing a Pioneering Mass Spectrometry Imaging Center in the Philippines through the Partnership Between Waters Corporation and the University of San Agustin
- 12.3.2. Waters Corporation's Innovations in Mass Spectrometry
- 12.3.3. Thermo Fisher Scientific Launches the Orbitrap Astral Mass Spectrometer
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio