Global Mass Spectrometry Market Size & Outlook, 2023-2030
The mass spectrometry industry worldwide is expected to reach a projected revenue of US$ 9,697.0 million by 2030. A compound annual growth rate of 8.1% is expected of the worldwide mass spectrometry industry from 2024 to 2030.
Revenue, 2023 (US$M)
$5,637.2
Forecast, 2030 (US$M)
$9,697.0
CAGR, 2024 - 2030
8.1%
Report Coverage
Worldwide
Global mass spectrometry market, 2018-2030 (US$M)
Related Markets
Global mass spectrometry market highlights
- The global mass spectrometry market generated a revenue of USD 5,637.2 million in 2023 and is expected to reach USD 9,697.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.1% by 2030.
- In terms of segment, research & manufacturing accounted for a revenue of USD 2,585.8 million in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,637.2 million |
| Market revenue in 2030 | USD 9,697.0 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
Other key industry trends
- In terms of revenue, the North America accounted for 42.1% of the global mass spectrometry market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 44.1 million by 2030.
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Mass Spectrometry Market Scope
Mass spectrometry market segmentation & scope
Mass Spectrometry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global mass spectrometry market size, by region, 2018-2030 (US$M)
Top 10 countries by Mass Spectrometry Market revenue, 2023 (US$M)
Global mass spectrometry market share, by end use, 2023 & 2030 (%, US$M)
Mass spectrometry market: Opportunity assessment by country
Global mass spectrometry market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 225.6 | 233.4 | 226.0 | 249.2 | 264.0 | 280.1 | 297.5 | 316.7 | 337.8 | 361.2 | 387.1 | 415.9 | 448.1 | 7.1% |
| Europe | 1,162.3 | 1,213.2 | 1,185.1 | 1,316.8 | 1,405.7 | 1,501.4 | 1,605.3 | 1,718.6 | 1,842.9 | 1,979.7 | 2,130.6 | 2,297.6 | 2,482.6 | 7.6% |
| North America | 1,786.3 | 1,873.9 | 1,840.2 | 2,055.9 | 2,207.1 | 2,371.4 | 2,551.0 | 2,748.3 | 2,966.3 | 3,208.0 | 3,476.8 | 3,776.2 | 4,110.5 | 8.3% |
| MEA | 150.3 | 155.2 | 150.0 | 164.9 | 174.2 | 184.1 | 194.8 | 206.4 | 219.0 | 232.9 | 248.0 | 264.8 | 283.2 | 6.5% |
| Asia Pacific | 1,006.0 | 1,045.2 | 1,018.8 | 1,132.2 | 1,211.5 | 1,300.2 | 1,400.1 | 1,513.1 | 1,641.7 | 1,788.6 | 1,956.8 | 2,150.1 | 2,372.8 | 9.1% |
| Overall | 4,330.5 | 4,520.9 | 4,420.2 | 4,918.9 | 5,262.5 | 5,637.2 | 6,048.7 | 6,503.0 | 7,007.6 | 7,570.3 | 8,199.4 | 8,904.5 | 9,697.0 | 8.1% |
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