Research Nester published a report titled “Mass Spectrometer Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global spectrometer market in terms of market segmentation by technology, application, end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global mass spectrometer market is estimated to grow with a CAGR of ~8% during the forecast period, i.e., 2023-2033. The market is segmented by product type into hybrid mass spectrometry, and single mass spectrometry. Out of these segments, hybrid mass spectrometry segment held the largest market share of 62% in the year 2022. Compared with other types of spectrometers, it has a wide application and a higher level of performance which is expected to augment segment growth during the forecast period.
The global mass spectrometer market is estimated to garner revenue of ~USD 16.02 billion by the end of year 2033, up from revenue of ~USD 6.87 billion in the year 2022. The growing application of mass spectrometers in various sectors including biotechnology, clinical laboratories and pharmaceutical is expected to drive the growth of the market. Moreover, increasing support from the government as well as increasing technological advancements is also contributing to the growth of the global mass spectrometer market in the coming years.
Geographically, the global mass spectrometer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America held the largest revenue by ~38% in the year 2022, backed by the rising developments and investments in the pharmaceutical industry. Apart from this, the market in Europe is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growth of Petrochemical Industry to Drive the Market Growth
Mass spectrometers help measure individual chemical substances as well as the mass-to-charge ratio of ions. Mass spectrometry is applied in the petrochemical industry to measure the qualitative and quantitative analysis of complex mixtures present in petroleum samples. The increasing production of petrochemicals is contributing to the growth of the market. Moreover, increasing investment in life science research is also anticipated to account for the growth of the global mass spectrometer market during the forecast period.However, the high cost of mass spectrometer and dearth of skilled professional is expected to operate as key restraint to the growth of global mass spectrometer market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global mass spectrometer market which includes company profiling of Waters Corporation, Thermo Fisher Scientific Inc., PerkinElmer, Shimadzu Corporation, Analytik Jena, JEOL, Regaku, DANI Instruments, Bruker Corporation and Agilent Technologies. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global mass spectrometer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
