Report Description Report Description and Highlights

Global Mass Spectrometry Market Trends:

Significant growth in the pharmaceutical sector across the globe is primarily creating a positive outlook for the market. Mass spectrometry is extensively used to analyze molecules in pharmaceutical drugs, phytoproducts, biosimilars and regenerative medicines. Moreover, the rising emphasis on environmental testing for pollution control is also bolstering the market growth. Additionally, the increasing adoption of mass spectrometry for detecting pathogens, microorganisms, toxins and chemicals to maintain food quality and safety is further contributing to the product demand. Additionally, various technological innovations, such as the launch of innovative hybrid spectrometers that facilitate rapid and high-resolution testing, are acting as other major growth-inducing factors. Several other factors, including extensive R&D activities, along with the escalating utilization of mass spectrometry in crude and shale gas production, are anticipated to further propel the market in the coming years.

Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2027, exhibiting a growth rate (CAGR) of 7.46% during 2022-2027.

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