Mass Spectrometry Market Size, Share, Growth, Trends, and Global Industry Analysis: By Platform (Single Mass Spectrometry, Hybrid Mass Spectrometry,  and Others), By Application (Pharmaceutical, Biotechnology, Petrochemical, Environmental, Food & Beverage Testing, and Others) and Region  

Mass Spectrometry Market size was valued at US$ 5.46 billion in 2023, growing at a CAGR of 6.2% from 2024-2030. The increasing concerns over food safety coupled with the development of advancements in technology are anticipated to drive the growth of the market. Furthermore, increasing investments in research & development coupled with the support of the government by tightening the rules and regulations towards food safety testing. Growing focus on the quality of food products, increasing initiatives by the government to control pollution, and environmental testing are expected to boost the growth of the market. The mass-to-charge ion ratio is measured using mass spectrometry, which is an analytical approach. Furthermore, it is the most powerful analytical instrument used in the life sciences arena, and it is used to determine unknown components in a sample using electrons. Mass spectrometry is a technique that uses charged electrons to enter a sample and convert its contents into positive ions. Following that, these ions are bifurcated based on their molecular mass, allowing for the identification of unknown components.