Analysts’ Viewpoint on Mass Spectrometer Market Scenario
Mass spectrometer is a powerful analytical tool with multiple applications in pharmaceutical and biotechnology fields. It produces a mass spectrum, which measures the individual mass spectra in a sample of a given mixture. Currently, these tools are used in life science research to analyze various compounds such as peptides, amino acids, and proteins. Mass spectrometer is also used to facilitate DNA sequencing and analyze intact viruses. The global mass spectrometer market is expected to be driven by the increase in research and innovation activities in the biotech & pharma industry, surge in adoption of mass spectrometers in food & beverage industry, and introduction of mass spectrometers for IVD applications. Availability of technologically advanced mass spectrometers is likely to propel the global market during the forecast period.
Mass spectrometer is an instrument used to identify unknown compounds via molecular weight determination to quantify or identify the known compounds from a given sample and determine the structure and chemical properties of molecules. The particles are ionized and beamed through electromagnetic fields and the way they are reflected indicates that these can be identified. The mass spectrometer market includes liquid chromatography, ICP-MS (inductively coupled plasma-mass spectrometry), gas chromatography, and MALDI-TOF. Mass spectrometer has applications in pharmaceuticals, biotechnology, industrial chemistry, environmental testing, and food & beverage testing.
Funding in the pharmaceutical and biotechnology industry has increased. This trend is likely to continue in the near future, as various existing and new pharma and biotech companies are focusing on research and innovation of new techniques and tools such as mass spectrometers. For instance, Ion Mobility Mass Spectrometry (IMS-MS) is rapidly gaining attention for improving metabolomic, lipidomic, and proteomic analyses. Thus, rise in R&D expenditure is expected to drive the global market demand for mass spectrometer. Companies invest in key areas such as personalized medicine and biopharmaceuticals. They are also investing in innovative products such as mass spectrophotometer.
According to the Congressional Budget Office, a federal agency within the legislative branch of the U.S. Government, the pharmaceutical industry spent around US$ 83 Bn specifically on R&D in 2019. Moreover, according to information published by the EU industrial R&D investment scoreboard 2018, the pharmaceutical & biotechnology segment constitutes 18.9% of overall global R&D expenditure.
Mass spectrometry is a versatile technology for the analysis of food and beverages combined with food contact materials such as packaging. It offers key advantages of high selectivity, sensitivity, and least response time. It enables direct molecular characterization of various raw food samples with minimal/no sample pre-treatment. Having the excellent specificity and sensitivity of analysis, it has been significantly used in food science and industries. Hazards ranging from heavy metals to pesticides and toxins can be identified using mass spectrometry, even if present in low quantity. In April 2019, Agilent Technologies, Inc., an analytical instrumentation development and manufacturing company, introduced a new mass spectrometry solution, ‘6546 quadrupole time-of-flight LC/MS system.’ This spectrometer enables rapid testing for food authenticity, with results that are easier and more convenient to check.
In terms of product, the global mass spectrometer market has been classified into liquid chromatography, ICP-MS (inductively coupled plasma mass spectrometry), gas chromatography, and MALDI-TOF. The liquid chromatography segment accounted for large market share for mass spectrometer in 2021. The segment is expected to grow at a high CAGR from 2022 to 2031. Technological advancements in mass spectrometry, rise in demand for qualitative & quantitative analysis of the molecules used for drug discovery, and increase in analysis of contaminants in the environment & food are expected to drive the mass spectrometer market in the near future.
Based on application, key market segments in mass spectrometer are pharmaceuticals, biotechnology, industrial chemistry, environmental testing, and food & beverages testing. The pharmaceuticals segment held major share of the global market in terms of revenue in 2021. This trend is likely to continue during the forecast period. Rise in usage of mass spectrometers in the production of active pharmaceutical ingredients is a key factor propelling the segment.
North America dominated the global mass spectrometer market in 2020. The market in the region is mature and technically more developed compared to that in other regions. Additionally, rise in usage of spectrometers in various industries is fueling the market in the region. The market in Europe is anticipated to grow at a rapid pace during the forecast period. This is attributed to rise in research activities or research collaborations that enable the exchange of technical information among research scientists, industry professionals, and technical professionals. Technological innovations in new mass spectrometer devices is another factor boosting the market in Europe.
Asia Pacific is anticipated to be an emerging market for mass spectrometers during the forecast period. The region presents significant opportunities in the mass spectrometer market due to the increase in acceptance of these technological platforms across various fields.
The global mass spectrometer market is fragmented, with a large number of large-scale players accounting for majority of the share. Key players operating in the global mass spectrometer market include Bio-Rad Laboratories, Inc., Agilent Technologies, Thermo Fisher Scientific, Inc., Waters Corporation, Shimadzu Corporation, Bruker Corporation, Sciex (Danaher Corporation), PerkinElmer, Inc., bioMérieux SA, and Charles River Laboratories International, Inc. These players are adopting growth strategies such as new product development, product launches, product approval, agreements, partnerships, and mergers and acquisitions.
Each of these players has been profiled in the mass spectrometer market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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Attribute |
Detail |
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Market Size Value in 2021 |
US$ 6.2 Bn |
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Market Forecast Value in 2031 |
US$ 13.5 Bn |
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Growth Rate (CAGR) |
8.2% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2017–2021 |
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Quantitative Units |
US$ Bn for Value |
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Market Analysis |
It includes segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
The global mass spectrometer market was valued at US$ 6.2 Bn in 2021
The global mass spectrometer market is projected to exceed US$ 13.5 Bn by 2031
The global mass spectrometer market is anticipated to grow at a CAGR of 8.2% from 2022 to 2031
The liquid chromatography-MS segment accounted for over 34% share of the global mass spectrometer market in 2021
North America held the major share of the global mass spectrometer market during the forecast period
Bio-Rad Laboratories, Inc., Agilent Technologies, Thermo Fisher Scientific, Inc., Waters Corporation, Shimadzu Corporation, Bruker Corporation, Sciex (Danaher Corporation), PerkinElmer, Inc., bioMerieux SA, and Charles River Laboratories International, Inc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Mass Spectrometer Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Mass Spectrometer Market Analysis and Forecast, 2017–2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Top 3 players operating in the market space
5.2. Technological Advancements
5.3. Covid-19 Pandemic Impact on Industry (value chain and short/mid/long term)
6. Global Mass Spectrometer Market Analysis and Forecast, by Product Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Product Type, 2017–2031
6.3.1. Liquid Chromatography-MS
6.3.2. ICP-MS
6.3.3. Gas Chromatography
6.3.4. MALDI-TOF
6.3.5. Others
6.4. Market Attractiveness Analysis, by Product Type
7. Global Mass Spectrometer Market Analysis and Forecast, by Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Application, 2017–2031
7.3.1. Pharmaceutical
7.3.2. Biotechnology
7.3.3. Industrial Chemistry
7.3.4. Environmental Testing
7.3.5. Food & Beverage Testing
7.3.6. Others
7.4. Market Attractiveness Analysis, by Application
8. Global Mass Spectrometer Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America Mass Spectrometer Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Product Type, 2017–2031
9.2.1. Liquid Chromatography-MS
9.2.2. ICP-MS
9.2.3. Gas Chromatography
9.2.4. MALDI-TOF
9.2.5. Others
9.3. Market Value Forecast, by Application, 2017–2031
9.3.1. Pharmaceutical
9.3.2. Biotechnology
9.3.3. Industrial Chemistry
9.3.4. Environmental Testing
9.3.5. Food & Beverage Testing
9.3.6. Others
9.4. Market Value Forecast, by Country, 2017–2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Product Type
9.5.2. By Application
9.5.3. By Country
10. Europe Mass Spectrometer Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Product, 2017–2031
10.2.1. Liquid Chromatography-MS
10.2.2. ICP-MS
10.2.3. Gas Chromatography
10.2.4. MALDI-TOF
10.2.5. Others
10.3. Market Value Forecast, by Application, 2017–2031
10.3.1. Pharmaceutical
10.3.2. Biotechnology
10.3.3. Industrial Chemistry
10.3.4. Environmental Testing
10.3.5. Food & Beverage Testing
10.3.6. Others
10.4. Market Value Forecast, by Country/Sub-region, 2017–2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Product Type
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Asia Pacific Mass Spectrometer Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Product Type, 2017–2031
11.2.1. Liquid Chromatography-MS
11.2.2. ICP-MS
11.2.3. Gas Chromatography
11.2.4. MALDI-TOF
11.2.5. Others
11.3. Market Value Forecast, by Application, 2017–2031
11.3.1. Pharmaceutical
11.3.2. Biotechnology
11.3.3. Industrial Chemistry
11.3.4. Environmental Testing
11.3.5. Food & Beverage Testing
11.3.6. Others
11.4. Market Value Forecast, by Country/Sub-region, 2017–2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Product
11.5.2. By Application
11.5.3. By Country/Sub-region
12. Latin America Mass Spectrometer Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Product Type, 2017–2031
12.2.1. Liquid Chromatography-MS
12.2.2. ICP-MS
12.2.3. Gas Chromatography
12.2.4. MALDI-TOF
12.2.5. Others
12.3. Market Value Forecast, by Application, 2017–2031
12.3.1. Pharmaceutical
12.3.2. Biotechnology
12.3.3. Industrial Chemistry
12.3.4. Environmental Testing
12.3.5. Food & Beverage Testing
12.3.6. Others
12.4. Market Value Forecast, by Country/Sub-region, 2017–2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Product Type
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Middle East & Africa Mass Spectrometer Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Product Type, 2017–2031
13.2.1. Liquid Chromatography-MS
13.2.2. ICP-MS
13.2.3. Gas Chromatography
13.2.4. MALDI-TOF
13.2.5. Others
13.3. Market Value Forecast, by Application, 2017–2031
13.3.1. Pharmaceutical
13.3.2. Biotechnology
13.3.3. Industrial Chemistry
13.3.4. Environmental Testing
13.3.5. Food & Beverage Testing
13.3.6. Others
13.4. Market Value Forecast, by Country/Sub-region, 2017–2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By Application
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix
14.2. Market Share Analysis, by Company, 2020
14.3. Company Profiles
14.3.1. Agilent Technologies
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Business Strategies
14.3.1.5. Recent Developments
14.3.2. bioMérieux SA
14.3.2.1. Company Overview
14.3.2.2. Financial Overview
14.3.2.3. Product Portfolio
14.3.2.4. Business Strategies
14.3.2.5. Recent Developments
14.3.3. Bio-Rad Laboratories, Inc.
14.3.3.1. Company Overview
14.3.3.2. Financial Overview
14.3.3.3. Product Portfolio
14.3.3.4. Business Strategies
14.3.3.5. Recent Developments
14.3.4. Bruker Corporation
14.3.4.1. Company Overview
14.3.4.2. Financial Overview
14.3.4.3. Product Portfolio
14.3.4.4. Business Strategies
14.3.4.5. Recent Developments
14.3.5. Charles River Laboratories International, Inc.
14.3.5.1. Company Overview
14.3.5.2. Financial Overview
14.3.5.3. Product Portfolio
14.3.5.4. Business Strategies
14.3.5.5. Recent Developments
14.3.6. PerkinElmer, Inc.
14.3.6.1. Company Overview
14.3.6.2. Financial Overview
14.3.6.3. Product Portfolio
14.3.6.4. Business Strategies
14.3.6.5. Recent Developments
14.3.7. Sciex (Danaher Corporation)
14.3.7.1. Company Overview
14.3.7.2. Financial Overview
14.3.7.3. Product Portfolio
14.3.7.4. Business Strategies
14.3.7.5. Recent Developments
14.3.8. Shimadzu Corporation
14.3.8.1. Company Overview
14.3.8.2. Financial Overview
14.3.8.3. Product Portfolio
14.3.8.4. Business Strategies
14.3.8.5. Recent Developments
14.3.9. Thermo Fisher Scientific, Inc.
14.3.9.1. Company Overview
14.3.9.2. Financial Overview
14.3.9.3. Product Portfolio
14.3.9.4. Business Strategies
14.3.9.5. Recent Developments
14.3.10. Waters Corporation
14.3.10.1. Company Overview
14.3.10.2. Financial Overview
14.3.10.3. Product Portfolio
14.3.10.4. Business Strategies
14.3.10.5. Recent Developments
List of Tables
Table 01: Global Mass Spectrometer Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 02: Global Mass Spectrometer Market Value (US$ Mn) Forecast, by Application, 2017‒2031
Table 03: Global Mass Spectrometer Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 04: North America Mass Spectrometer Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 05: North America Mass Spectrometer Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 06: North America Mass Spectrometer Market Value (US$ Mn) Forecast, by Application, 2017‒2031
Table 07: Europe Mass Spectrometer Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031
Table 08: Europe Mass Spectrometer Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 09: Europe Mass Spectrometer Market Value (US$ Mn) Forecast, by Application, 2017‒2031
Table 10: Asia Pacific Mass Spectrometer Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031
Table 11: Asia Pacific Mass Spectrometer Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 12: Asia Pacific Mass Spectrometer Market Value (US$ Mn) Forecast, by Application, 2017‒2031
Table 13: Latin America Mass Spectrometer Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031
Table 14: Latin America Mass Spectrometer Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 15: Latin America Mass Spectrometer Market Value (US$ Mn) Forecast, by Application, 2017‒2031
Table 16: Middle East & Africa Mass Spectrometer Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031
Table 17: Middle East & Africa Mass Spectrometer Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 18: Middle East & Africa Mass Spectrometer Market Value (US$ Mn) Forecast, by Application, 2017‒2031
List of Figures
Figure 01: Global Mass Spectrometer Market Value (US$ Mn) Forecast, 2017–2031
Figure 02: Global Mass Spectrometer Market Value Share, by Product Type, 2020
Figure 03: Global Mass Spectrometer Market Value Share, by Application, 2020
Figure 04: Global Mass Spectrometer Market Value Share, by Region, 2020
Figure 05: Global Mass Spectrometer Market, by Product Type, 2020 and 2031
Figure 06: Global Mass Spectrometer Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 07: Global Mass Spectrometer Market (US$ Mn), by Liquid Chromatography-MS, 2017–2031
Figure 08: Global Mass Spectrometer Market (US$ Mn), by ICP-MS, 2017–2031
Figure 09: Global Mass Spectrometer Market (US$ Mn), by Gas Chromatography-MS, 2017–2031
Figure 10: Global Mass Spectrometer Market (US$ Mn), by MALDI-TOF, 2017–2031
Figure 11: Global Mass Spectrometer Market (US$ Mn), by Others, 2017–2031
Figure 12: Global Mass Spectrometer Market, by Application, 2020 and 2031
Figure 13: Global Mass Spectrometer Market Attractiveness Analysis, by Application, 2021–2031
Figure 14: Global Mass Spectrometer Market (US$ Mn), by Pharmaceuticals, 2017–2031
Figure 15: Global Mass Spectrometer Market (US$ Mn), by Biotechnology, 2017–2031
Figure 16: Global Mass Spectrometer Market (US$ Mn), by Industrial Chemistry, 2017–2031
Figure 17: Global Mass Spectrometer Market (US$ Mn), by Environmental Testing, 2017–2031
Figure 18: Global Mass Spectrometer Market (US$ Mn), by Food & Beverage Testing, 2017–2031
Figure 19: Global Mass Spectrometer Market (US$ Mn), by Others, 2017–2031
Figure 20: Global Mass Spectrometer Market Value Share Analysis, by Region, 2020 and 2031
Figure 21: Global Mass Spectrometer Market Attractiveness Analysis, by Region, 2021–2031
Figure 22: North America Mass Spectrometer Market Value (US$ Mn) Forecast, 2017–2031
Figure 23: North America Mass Spectrometer Market Value Share Analysis, by Country, 2020 and 2031
Figure 24: North America Mass Spectrometer Market Attractiveness Analysis, by Country, 2021–2031
Figure 25: North America Mass Spectrometer Market, by Product Type, 2020 and 2031
Figure 26: North America Mass Spectrometer Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 27: North America Mass Spectrometer Market, by Application, 2020 and 2031
Figure 28: North America Mass Spectrometer Market Attractiveness Analysis, by Application, 2021–2031
Figure 29: Europe Mass Spectrometer Market Value (US$ Mn) Forecast, 2017–2031
Figure 30: Europe Mass Spectrometer Market Value Share Analysis, by Country/Sub-Region, 2020 and 2031
Figure 31: Europe Mass Spectrometer Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 32: Europe Mass Spectrometer Market, by Product Type, 2020 and 2031
Figure 33: Europe Mass Spectrometer Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 34: Europe Mass Spectrometer Market, by Application, 2020 and 2031
Figure 35: Europe Mass Spectrometer Market Attractiveness Analysis, by Application, 2021–2031
Figure 36: Asia Pacific Mass Spectrometer Market Value (US$ Mn) Forecast, 2017–2031
Figure 37: Asia Pacific Mass Spectrometer Market Value Share Analysis, by Country/Sub-Region, 2020 and 2031
Figure 38: Asia Pacific Mass Spectrometer Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 39: Asia Pacific Mass Spectrometer Market, by Product Type, 2020 and 2031
Figure 40: Asia Pacific Mass Spectrometer Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 41: Asia Pacific Mass Spectrometer Market, by Application, 2020 and 2031
Figure 42: Asia Pacific Mass Spectrometer Market Attractiveness Analysis, by Application, 2021–2031
Figure 43: Latin America Mass Spectrometer Market Value (US$ Mn) Forecast, 2017–2031
Figure 44: Latin America Mass Spectrometer Market Value Share Analysis, by Country/Sub-Region, 2020 and 2031
Figure 45: Latin America Mass Spectrometer Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 46: Latin America Mass Spectrometer Market, by Product Type, 2020 and 2031
Figure 47: Latin America Mass Spectrometer Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 48: Latin America Mass Spectrometer Market, by Application, 2020 and 2031
Figure 49: Latin America Mass Spectrometer Market Attractiveness Analysis, by Application, 2021–2031
Figure 50: Middle East & Africa Mass Spectrometer Market Value (US$ Mn) Forecast, 2017–2031
Figure 51: Middle East & Africa Mass Spectrometer Market Value Share Analysis, by Country/Sub-Region, 2020 and 2031
Figure 52: Middle East & Africa Mass Spectrometer Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 53: Middle East & Africa Mass Spectrometer Market, by Product Type, 2020 and 2031
Figure 54: Middle East & Africa Mass Spectrometer Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 55: Middle East & Africa Mass Spectrometer Market, by Application, 2020 and 2031
Figure 56: Middle East & Africa Mass Spectrometer Market Attractiveness Analysis, by Application, 2021–2031
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Mass Spectrometer Market
