However, the lack of skilled professionals is a challenge to the growth of this market. However, the high costs of instruments are restraining the growth of this market.įurthermore, the rising adoption of mass spectrometers in emerging markets is a significant opportunity for mass spectrometry market players. The growth of this market is driven by technological advancements in mass spectrometry technology, increasing applications of mass spectrometry, increasing food safety concerns, increasing R&D expenditure by pharmaceutical and biotechnology companies, and high reliability and sensitivity of mass spectrometers. Mass Spectrometry has been widely adopted in research and development processes owing to its applications in structure elucidation, impurity testing, drug metabolism testing, clinical toxicological testing, forensic testing, and other applications. Redding, California, J(GLOBE NEWSWIRE) - According to a new market research report titled, ‘ Mass Spectrometry Market by Offering (Instrument, Software) Technology (Quadrupole, LC MS, Ion Trap, GC MS, TOF MS, MALDI, Integrated) Application (Impurity, Forensic, Toxicology Testing) End User (Pharma, F&B, Academic, Chemical) - Global Forecast to 2030,’ published by Meticulous Research ®, the mass spectrometry market is projected to reach $10.4 billion by 2030, at a CAGR of 8.30% from 2023 to 2030.
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