Driving Forces: Growth Factors in the Mass Spectrometry Sector https://www.marketsandmarkets.com/Market-Reports/mass-spectrometry-market-437.html The global mass spectrometry market is projected to reach USD 7.8 billion by 2028 from USD 5.4 billion in 2023, growing at a CAGR of 7.5% during the forecast period. Increasing spending on pharmaceutical R&D primarily drives the growth of this market in mass spectrometry, government regulations on drug safety, growing focus on the quality of food products further supports the market growth. However, recession impact impedes the market growth. The mass spectrometry business is very competitive, with both established companies and newcomers competing for the same market share. As of 2022, the key players operating in the global mass spectrometry market are SCIEX AB (US), Thermo Fisher Scientific (US), Agilent Technologies (US), Waters Corporation(US), PerkinElmer Inc. (US), Shimadzu Corporation (Japan) and Bruker Corporation (US) among others.