Mass Spectrometer Market Size

Mass Spectrometer Market size was valued at USD 8.09 billion in 2024 and is poised to exceed USD 23.01 billion by the end of 2037, expanding at over 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of mass spectrometer is evaluated at USD 8.63 billion.

The market is estimated to grow on the back of rising investments in the pharmaceutical industry and increasing innovation & development industry applications. According to the data, the total cumulative foreign direct investment (FDI) received by the Indian drugs and the pharmaceutical sector between 2021-22 was around USD 1,400 million.

The globa market is also estimated to witness growth on account of the rising expansion of the life science industry. Increasing technological advancements allow spectrometers to offer higher resolution and advanced throughput which is anticipated to fuel the growth of the market. Moreover, the increasing trend of miniaturization of the mass spectrometer is contributing to the growth of the global mass spectrometer market in the coming years.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of mass spectrometer is evaluated at USD 8.63 billion.

The mass spectrometer market size was valued at USD 8.09 billion in 2024 and is poised to exceed USD 23.01 billion by the end of 2037, expanding at over 8.3% CAGR during the forecast period i.e., between 2025-2037. Growth of pharmaceutical industry and rising number of clinical laboratories globally will drive the market growth.

North America industry is expected to account for 38% of the revenue share by 2037, due to rising investments in the pharmaceutical industries along with growing technological advancements in the region.

The major players in the market include Agilent Technologies Inc., Thermo Fisher Scientific Inc., Waters Corporation, PerkinElmer, Shimadzu Corporation, Analytik Jena, Jeol, Regaku, Dani Instruments, Bruker Corporation.

Mass Spectrometer Market Size