Mass Spectrometer Market Size, Share and Industry Analysis By Product (Hybrid, Single), By End-user (Biopharmaceutical and Pharmaceutical Companies, Research Institutes & Government Organization, Hospitals & Diagnostic Centers, Others (Environmental testing, food, and chemical testing)) and Regional Forecast, 2019 - 2032

The global  mass spectrometer market size was valued at USD 5,512.2 million in 2018 and is projected to reach USD 16,904.4 million by 2032, exhibiting a CAGR of 8.4% during the forecast period (2018-2032). North America dominated the global market with a share of 38.58% in 2018.

The mass spectrometer is an analytical technique used to quantitate the mass of a particular molecule and involves the incorporation of instruments like chromatography and mass spectrometer. Generally, the initial separation of the analyst is carried out using methods like chromatography to help in the resolution of the analysis.

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The mass spectrometer is one of the most precise instruments that can measure the molecular weight of an analyst, and this factor is one of the major reason for the increase in adoption of the equipment. In June 2019, 1st Detect Corporation announced the launch of TRACER 1000, a desktop mass spectrometer explosives trace detector (MS-ETD). The rising focus in research and development of new therapeutic molecules has increased the dependency on accurate analytical experiments leading to an increased preference towards equipment like mass spectrometer. Additionally, the wide product offerings from major players have facilitated the consumer to choose particular mass spectrometer based on the accuracy requirement.

Technological advancements that offer higher resolution in analytical procedures are projected to benefit the mass spectrometer market growth

The recent product launches by major players are projected to fuel the global mass spectrometry market growth. For instance, SCIEX announced the launch of two mass spectrometer products, Citrine Triple Quad MS/MS and Citrine QTRAP MS/MS specifically designed for clinical diagnostics. Technological advancements that offer higher resolution and improved throughput are projected to benefit the  market growth favorably during the forecast period. Additionally, the miniaturization of the mass spectrometer has considered resulting in the higher adoption of the equipment. These factors are anticipated to be most beneficial for the growth of the global market in the research and government institutions. The hybrid mass spectrometer is estimated to be the largest segment in the mass spectrometer market share in 2018.

Mass Spectrometer Market Overview & Key Metrics

Market Size & Forecast:

• 2018 Market Size: USD 5,512.2 million
• 2032 Forecast Market Size: USD 16,904.4 million
• CAGR: 8.4% from 2018–2032

Market Share:

• North America dominated the global market with a 38.58% share in 2018, driven by a strong presence of major players, high investment in R&D, and demand for precise instruments in pharmaceutical and research applications.
• Hybrid mass spectrometers held the largest share in 2018 due to their enhanced sensitivity and resolution. Their use in pharmaceutical and biopharmaceutical companies significantly supports their dominance.

Key Country Highlights:

• Japan: Rising focus on clinical diagnostics and investment in life science R&D is fueling the demand for high-resolution mass spectrometers, particularly miniaturized and hybrid models.
• United States: Robust presence of key manufacturers like Thermo Fisher, Waters, and Agilent, coupled with increasing demand from pharma companies and academic institutes, drives market leadership.
• China: Growing pharmaceutical manufacturing base and increased R&D investment are accelerating adoption of advanced analytical instruments like Q-TOF and FTMS systems.
• Europe: Increased research funding, particularly in Germany and the UK, supports market expansion. The region benefits from strong academic research ecosystems and regulatory support for advanced analytical technologies.

Market Segmentation

The biopharmaceutical and pharmaceutical companies segment anticipated to be the fastest growing among the end user type during the forecast period. The higher adoption of the hybrid mass spectrometer in biopharmaceutical and pharmaceutical companies is expected to be the cause for faster growth of the segment during the forecast period.

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Regional Analysis

The strong presence of major players and high investment in technological innovations has lead North America to dominate the global market

North America generated revenue of USD 2,126.7 Million in 2018 and is anticipated to emerge dominant in the market during the forecast period. There is an increasing demand for high resolution and precise mass spectrometers in research institutes and pharmaceutical industries in the North American market. Additionally, the robust presence of key market players in the U.S. is anticipated to aid the mass spectrometer market growth in this region.

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The increase in research funding in countries of Europe are projected to drive the market growth. In the Asia Pacific, the evolving and growing economy is projected to increase the demand for mass spectrometer analysis. Combined with this, the increase in the number of pharmaceutical companies in these regions is expected to support higher CAGR of market during the forecast period. The mass spectrometer market trends is developing in the untapped and emerging countries of Latin America and the Middle East and Africa, which is projected to support the market growth during the forecast period.

Key Market Drivers 

Shimadzu, Agilent, and Waters account for considerable market share in terms of revenue

The current global mass spectrometer is consolidated owing to the strong portfolio and diverse product offerings by major players in the mass spectrometer product space. Shimadzu, Agilent, Waters, and SCIEX are some of the major players in the mass spectrometer market. A well-established brand presence and a strong distribution channel have been instrumental in the success of these players in the market. Other market players include JEOL USA, Thermo Scientific, Perkin Elmer, among others.

List of Companies Profiled

• Shimadzu Corporation
• Agilent Technology
• WATERS
• Thermo Fisher Scientific Inc.
• AB Sciex
• PerkinElmer Inc.
• JEOL USA
• Advion, Inc.
• LECO
• Bruker
• Other prominent players

Key Industry Developments:

• June 2021 – Waters Corporation announced the launch of Waters SELECT SERIES MRT, a high resolution mass spectrometer which has Multi Reflecting Time-of-Flight (MRT) technology with both enhanced DESI and new MALDI imaging sources.
• June 2020 – Agilent Technologies Inc. announced the launch of two new spectrometry products, Agilent 6470B Triple Quadrupole LC/MS systems and Agilent RapidFire 400 system. The instruments are being presented in the ASMS 2020 reboot, an online version of annual conference of the American Society for Mass Spectrometry.

Report Coverage

An increasing number of new approvals and launches for products in tandem quadrupole and orbitrap are factors leading to increasing demand for new and advanced mass spectrometer products in the global market. Players are focusing on R&D to innovate their product offerings with improved analytical efficiency. This is projected to lead to an increasing number of new products entering the mass spectrometer during the forecast period. However, comparatively higher installation costs and maintenance of the mass spectrometer are one major factor projected to restrain the adoption of these products in emerging countries.

An Infographic Representation of Mass Spectrometer Market

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The global mass spectrometry market report provides qualitative and quantitative insights on mass spectrometer industry trends and detailed analysis of the market size & growth rate for all possible segments in the market. The market segments include product type and end user. Based on product type, this market segments include hybrid mass spectrometer (Tandem Quadrupole, Quadrupole TOF, FTMS) and single mass spectrometer (Single Quadrupole, TOF, Ion Trap). Based on end-user, the mass spectrometer market segments include biopharmaceutical and pharmaceutical companies, research institutes and government organizations, hospitals and diagnostic centers, and others like environmental testing, food, and chemical testing. Geographically, the market is segmented into four major regions, which are North America, Europe, Asia Pacific, and Rest of World. The regions are further categorized into countries.

Along with this, the mass spectrometer market report analysis comprises of market dynamics and competitive landscape. Additionally, the report offers insights on the technological advancements in a mass spectrometer, recent industry developments such as partnerships, mergers & acquisitions, new product launches, the regulatory framework by key countries, key strategies of leading market players.

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