According to FutureWise analysis the market for mass spectrometry in 2023 is US$ 5.4 billion, and is expected to reach US$ 9.79 billion by 2031 at a CAGR of 7.72%.
One of the most effective technologies for analyzing a variety of chemical and biological components is mass spectrometry (MS). Some exceptional recent advancements in mass spectrometry technology are largely due to the tremendous demand and resulting needs from the pharmaceutical and biotechnology industries. Mass spectroscopy could become more widely used in various fields, including drug discovery, proteomics, pharmaceuticals, food safety testing, and many more, with the development of new methods and tools. The demand for applications in the biological sciences has accelerated the development of new instrument types and advanced MS technologies.
Mass spectrometry relies on three fundamental concepts to identify the unidentified chemicals, particles, or compounds present in a sample: determining relative molecular compound mass, understanding molecular fragmentation, and comparing mass-to-charge ratios of various compounds. Mass spectrometry is widely used in research and specialized clinical laboratories, and its use in standard laboratories is increasing rapidly. The rapid growth of this technology has been facilitated by combining mass spectrometry with liquid or gas chromatography (GC or LC). Mass spectrometry has gained popularity as a crucial analytical instrument in the pharmaceutical and healthcare sectors. Advanced techniques are being used to separate complex biological mixtures, such as derived peptide products, including ion mobility spectrometry and capillary electrophoresis. Miniaturization trends and growing mass spectrometry use in the pharmaceutical, proteomics, and metabolomics sectors are expected to drive market growth.
FutureWise Market Research has published a report that provides an insightful analysis of mass spectrometry market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the mass spectrometry market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.