Europe Mass Spectrometry Market Size & Outlook, 2024-2030
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Europe mass spectrometry market highlights
- The Europe mass spectrometry market generated a revenue of USD 1,706.9 million in 2024.
- The market is expected to grow at a CAGR of 7.2% from 2025 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2024.
- Consumables & Services is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 1,706.9 million |
| Market revenue in 2030 | USD 2,624.5 million |
| Growth rate | 7.2% (CAGR from 2025 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Consumables & Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Consumables & Services |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.8% of the global mass spectrometry market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,810.9 million by 2030.
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Mass Spectrometry Market Scope
Mass Spectrometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe mass spectrometry market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mass spectrometry market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 73.5% in 2024. Horizon Databook has segmented the Europe mass spectrometry market based on instruments, consumables & services covering the revenue growth of each sub-segment from 2018 to 2030.
Europe mass spectrometry market is expected to experience lucrative growth over the forecast period. This growth can be attributed to the strong presence of pharmaceutical, biopharmaceutical, and biotechnology companies, coupled with the robust healthcare infrastructure and increased R&D spending in drug discovery & development.
In addition, the growing adoption of personalized medicine and advancements in disease diagnostics further propel market growth. Moreover, the market experiences growth due to the presence of key market players such as Bruker; Danaher Corporation; Thermo Fisher Scientific Inc.; Agilent Technologies, Inc.; Shimadzu Corporation; and others.
In addition, companies are launching new mass spectrometry devices and consumables, thereby leveraging their market presence. For instance, in August 2023, Thermo Fisher Scientific, Inc. launched the EXENT solution, an IVDR-certified mass spectrometry solution, in Belgium, France, Germany, Italy, the Netherlands, Spain, and the UK. This solution can be used for the detection and monitoring of monoclonal antibodies.
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Our clientele includes a mix of mass spectrometry market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe mass spectrometry market , including forecasts for subscribers. This continent databook contains high-level insights into Europe mass spectrometry market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe mass spectrometry market size, by country, 2018-2030 (US$M)
Europe Mass Spectrometry Market Outlook Share, 2024 & 2030 (US$M)
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