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 Forecast 2020-2031

Mass spectrometry market size was valued at US$ 6.2 billion in 2024 and is expected to reach US$ 10.2 billion by 2031, growing at a significant CAGR of 7.2% from 2025-2031. 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. 

Key Developments

• In December 2024, Roche launched its cobas Mass Spec solution after receiving Conformité Européenne (CE) mark approval. The product includes the cobas i 601 analyzer and the first Ionify reagent pack with four assays for steroid hormones. This milestone marks the beginning of its global rollout, offering automated, integrated, and standardized clinical mass spectrometry testing for routine laboratories worldwide.
• In June 2024, Thermo Fisher Scientific introduced the Stellar mass spectrometer at the ASMS conference in Anaheim, California. Designed for translational omics research, the new platform offers fast throughput, high sensitivity, and user-friendly operation. It integrates with third-party software via the Thermo Scientific Ardia platform and features high-throughput liquid chromatography separation using the Thermo Scientific Vanquish Neo UHPLC system with Tandem Direct Injection workflow.
• In June 2024, Waters unveiled the Xevo multi-reflecting time-of-flight (MRT) mass spectrometer at the ASMS conference in Anaheim, California, expanding on its SELECT SERIES MRT launched in 2021. Additionally, the company announced that 42 of its liquid chromatography columns received ACT Ecolabel certifications, recognizing sustainability efforts in water use, packaging, and end-of-life processes for analytical instruments.