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Mass Spectrometry Market to Grow by USD 3.52 Billion from 2024-2028, Driven by Hyphenated Technology and AI Advancements – Technavio Report

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NEW YORK, Sept. 6, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global mass spectrometry market size is estimated to grow by USD 3.52 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 12.26%during the forecast period. Increase in use of hyphenated technology is driving market growth, with a trend towards increasing demand for mass spectrometers in personalized medicine. However, high cost of mass spectrometry instrumentsposes a challenge. Key market players include 908 Devices Inc., ABB Ltd., Agilent Technologies Inc., Bruker Corp., Endress Hauser Group Services AG, European Virtual Institute for Speciation Analysis, JEOL Ltd., Kore Technology Ltd., LECO Corp., PerkinElmer Inc., Rigaku Corp., Shimadzu Corp., Teledyne Technologies Inc., Thermo Fisher Scientific Inc., and Waters Corp..

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Mass Spectrometry Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.26%

Market growth 2024-2028

USD 3520 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.58

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 43%

Key countries

US, Canada, Germany, China, and UK

Key companies profiled

908 Devices Inc., ABB Ltd., Agilent Technologies Inc., Bruker Corp., Endress Hauser Group Services AG, European Virtual Institute for Speciation Analysis, JEOL Ltd., Kore Technology Ltd., LECO Corp., PerkinElmer Inc., Rigaku Corp., Shimadzu Corp., Teledyne Technologies Inc., Thermo Fisher Scientific Inc., and Waters Corp.

Market Driver

Personalized medicine is a patient-centric approach to healthcare that tailors treatment to individual characteristics, improving disease diagnosis and treatment effectiveness. Predictive diagnostics, a key aspect of personalized medicine, can predict human pathologies and aid in early detection and treatment. Misdiagnosis, a significant issue in healthcare, affects millions, leading to delayed or inappropriate treatment and potential harm to patients. Mass spectrometers play a crucial role in personalized medicine by screening biomarkers for disease phenotypes, enabling targeted drug development and individualized therapy. The growing popularity of mass spectrometers in personalized medicine is expected to increase demand, driving market growth. With healthcare spending contributing significantly to overall expenditures in major economies, cost savings through accurate diagnosis are a major incentive. The Thermo Fisher Scientific HDX-Mass spectrometer, with high-quality information and compact, stable ionization technology, is an example of advances in mass spectrometry systems for personalized medicine.

The Mass Spectrometry market is experiencing significant growth, driven by increasing spending on pharmaceuticals and biopharmaceuticals. Drug safety is a key focus area, with assumptions around the importance of personalized medicine and drug discovery in late-stage development and clinical trials. Emerging countries and greenfield projects present new opportunities, requiring skilled professionals for method development, validation, operation, and troubleshooting activities. The market ecosystem includes software & services, with LC-MS, GC-MS, and ICP-MS segments leading the way. Environmental testing, food testing, clinical diagnostics, and applied industries also contribute. Metabolomics, vaccine development, and the petroleum sector are emerging research fields. CFI funding and companies like SCIEX AB and Thermo Fisher Scientific drive innovation in mass spectrometry technology. MS analysis provides high resolution, with background intrusion, fragmentation patterns, isotopic abundance, and chemical data crucial for accurate results. Software tools and algorithms enhance research capabilities, with advanced tools essential for Triple Quadrupole and Quadrupole TOF applications.

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Market Challenges

Mass spectrometers are essential analytical tools with advanced features that come at a high price tag, averaging between USD1,000 and USD100,000. The cost of ownership goes beyond the initial investment, as maintenance, service, and repair add to the expense. Annual maintenance costs can range from 10% to 20% of the instrument’s price, depending on the brand and type. These instruments require regular upkeep due to pressure and temperature changes, mechanical stress, and optical decay. Proper use guidelines are crucial to prevent contamination and maintain performance accuracy. The significant investment and ongoing maintenance costs may hinder the growth of the global mass spectrometry market during the forecast period.The Mass Spectrometry (MS) market is a dynamic and growing ecosystem, driven by advancements in MS technology and its applications across various industries. Key segments include Software & Services, LC-MS, GC-MS, ICP-MS, and others. Environmental testing, food testing, clinical diagnostics, applied industries, metabolomics, petroleum sector, and forensics are major application areas. Companies like SCIEX AB and Thermo Fisher Scientific lead the market. Challenges include background intrusion, fragmentation patterns, isotopic abundance, and laboratory safety measures. High-resolution MS analysis is crucial for accurate chemical data. Triple Quadrupole and Quadrupole TOF instruments are popular for MS analysis. Advanced software tools and algorithms are essential for research fields like vaccine development and precision healthcare. Components like chromatography, spectroscopy, imaging, and liquid chromatography (LC) and gas chromatography (GC) are integral to MS technology. Hybrid mass spectrometry, Triple quadrupole instruments, and Multiple Reaction Monitoring are advanced techniques. Biomarkers, metabolites, drug compounds, and patient samples are common MS analysis targets. CFI funding and research collaborations continue to fuel innovation in MS technology.

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Segment Overview

This mass spectrometry market report extensively covers market segmentation by

End-user1.1 Pharmaceutical and biotechnology industries1.2 Chemical and petrochemical industries1.3 OthersProduct2.1 Instruments2.2 Consumables and servicesGeography3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Pharmaceutical and biotechnology industries- Mass spectrometry is a valuable analytical tool used in various industries, including pharmaceuticals and biotechnology, to determine the molecular structure and purity of samples. In pharmaceuticals, it is employed to analyze therapeutic agents, characterize intermolecular interactions for drug discovery, and ensure the right compound is manufactured. The increasing demand for personalized medicine and monoclonal antibodies has further boosted the market. In biotechnology, mass spectrometry provides extensive information about biologically important low-molecular-weight species, such as bacteria and viruses, and is used to evaluate the quality of biologics and biosimilars. Additionally, it is used to characterize metabolic status in microbial fermentations. Government investments in the pharmaceutical and biotechnology industries will drive market growth, particularly in emerging countries in APAC, due to the establishment of innovative facilities and cheap labor.

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Research Analysis

The Mass Spectrometry (MS) market is poised for significant growth due to increasing spending on pharmaceutical research and development, with a particular focus on biopharmaceuticals and personalized medicine. MS analysis plays a crucial role in drug safety assessment, providing high-resolution data on fragmentation patterns, isotopic abundance, and chemical data. Background intrusion and accurate mass measurement are key challenges in MS, requiring advanced software tools and algorithms for data processing. MS is also essential in forensics, vaccine development, and laboratory safety measures. Chromatography techniques, such as Liquid Chromatography (LC), are often used in conjunction with MS for sample preparation and separation. Spectroscopy and imaging applications are also expanding the scope of MS technology. Overall, the market for MS components and systems is expected to grow robustly due to the versatility and importance of MS in various industries.

Market Research Overview

The Mass Spectrometry (MS) market is experiencing significant growth due to increasing spending on pharmaceutical research and development, particularly in biopharmaceuticals and drug discovery. The market is driven by the demand for drug safety and personalized medicine, leading to an increase in late-stage development and clinical trials. Emerging countries are also contributing to the growth of the MS market with the establishment of greenfield projects and the availability of skilled professionals. Method development, validation, operation, and troubleshooting activities are key aspects of MS analysis, which includes Liquid Chromatography-Mass Spectrometry (LC-MS), Gas Chromatography-Mass Spectrometry (GC-MS), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS), and other MS techniques. The market ecosystem includes software & services, environmental testing, food testing, clinical diagnostics, applied industries, metabolomics, petroleum sector, and more. MS technology is used in various research fields such as metabolomics, vaccine development, and forensics. Advanced software tools and algorithms are essential for MS analysis, including Triple Quadrupole, Quadrupole TOF, and High Resolution Mass Spectrometry. MS analysis involves identifying fragmentation patterns, isotopic abundance, and chemical data to understand the background intrusion and drug compounds in patient samples. Laboratory safety measures, chromatography, spectroscopy, imaging, and hybrid mass spectrometry are also important aspects of the MS market. Triple quadrupole instruments and Multiple Reaction Monitoring are widely used for precision healthcare, biomarkers, metabolites, and drug compounds. The MS market is expected to continue growing due to the increasing demand for advanced MS technology in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userPharmaceutical And Biotechnology IndustriesChemical And Petrochemical IndustriesOthersProductInstrumentsConsumables And ServicesGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Visier Debuts Talent Agents, Closing the Gap Between HR Programs and Business Impact

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New AI agents turn Visier insights and plans into guided action for every manager, fixing the #1 reason HR programs fail: manager follow-through

VANCOUVER, BC, Oct. 21, 2026 /PRNewswire/ — Visier today announced Talent Agents at HR Tech 2026. Built on the Visier Workforce Intelligence Platform, these new AI agents guides every manager to the next right action in their organization’s HR programs in real time, and give talent leaders evidence of what each program actually changed for the business.

Talent management devotes a great deal of money and effort into HR programs every year, and many still can’t show the ROI or outcomes. New Visier research* found:

62% of HR leaders name manager follow-through as the single biggest reason programs fail77% of enterprises run HR programs on spreadsheets or a patchwork of tools, and are three times less likely to measure results while a program is underway.

Visier Talent Agents are built to close these gaps, helping talent management tackle its most critical challenges as organizations plan, grow and retain their talent. They leverage the latest in AI developments to pair best-in-class program frameworks with personalized, in-workflow guidance delivered to whoever needs to act next, and a closed-loop system for continuous learning and improvement based on every program’s goals.

“Good program design has never been enough. What HR has lacked is a GPS for every manager, so the moment someone drifts off track, they’re guided back before the program goes sideways,” said Dave Weisbeck, Chief Strategy Officer at Visier. “That’s what Talent Agents deliver, along with proof of what the program actually changed for the business.” 

“The space between HR program design and the actual business result is exactly where most HR investment gets lost,” said Madeline Laurano, founder of Aptitude Research. “Guidance that activates the manager at the moment they need to act, with proof of what changed afterward, is the piece of talent management that’s been missing and what Visier is solving for.”

Unlike HCM suites that teams would spend a year customizing, or point solutions that only see one piece of the picture, or even an internal-built tool that puts employee data at risk, Visier’s Talent Agents are built to run programs end-to-end and prove impact, not just track activity.

The agents reach every stakeholder in a program at the moment they need to act, not just when someone remembers to ask. They’re built to match how an organization actually operates, and the outcome of every action it recommends feeds back into the AI learning engine, so guidance gets sharper with each cycle. Because guidance runs on Visier’s proprietary Workforce AI rather than routing every follow-up through a person, organizations can scale their programs without being constrained by HRBP headcount.

The agents are built on Visier’s Workforce Intelligence Platform, so every program comes with the context, governance, and security an enterprise expects, backed by over 16 years of experience solving HR’s toughest problems.

Talent Agents are Visier’s answer to what the company calls the “activate” layer of Workforce AI, building on the platform’s existing strength in helping organizations understand their workforce data and plan around it. The offering pairs Visier’s technology with a dedicated implementation team that customizes each program to a customer’s specific processes and goals.

Attending HRTech 2026 in Las Vegas this week? Head over to Visier Booth #5209 to explore Talent Agents, or visit visier.com to learn more. The Visier team will also be at UNLEASH World in Paris (booth #106) and Total Talent Asia (booth #3).

About Visier
Visier Workforce AI is the context foundation for talent management. The Visier Workforce Intelligence Platform turns scattered, sensitive people data into one governed understanding of the entire workforce, so organizations can understand, plan, and activate all of their talent priorities in one place. More than 85,000 of the world’s most complex organizations, including Ford Motor Company, eBay, Experian, and Domino’s Pizza, rely on Visier’s over 16 years of workforce domain expertise, ranked #1 in vendor satisfaction and user experience for three consecutive years by the Sapient Insights HR Systems Survey. Learn more at Visier.com.

*Research from fall 2026, conducted by the Visier, Inc. Research Team surveyed verified senior HR and Talent leaders from 80 organizations with more than 10,000 employees across North America.  

visierpr@walkersands.com

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HSG Laser Unveils New Flagship Machine at EuroBLECH 2026, Powering Productivity for European Manufacturers

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HANNOVER, Germany, Oct. 21, 2026 /PRNewswire/ — HSG Laser is showcasing its latest laser cutting and intelligent manufacturing solutions at EuroBLECH 2026, held from October 20–23 at the Hannover Exhibition Centre. Under the theme “Powering Productivity with HSG,” HSG is presenting its latest innovations at Booth 15-F42, including the European debut of its new flagship GV, alongside the launch of GFA PRO and AI CutPilot, as well as the European debut of its high-speed laser solutions G3015T and R2 PRO.

Expanding High-Performance Laser Solutions

The new GFA PRO is engineered for large-format metal processing, addressing challenges such as large footprints, low speed, unstable thick-plate performance, and high operating costs. Making their European debut, the G3015T and R2 PRO expand HSG’s high-speed laser lineup for sheet and tube processing, helping manufacturers improve throughput, flexibility, and production efficiency.

“HSG Laser’s European footprint has grown steadily, with more than 2,000 units delivered and a new showroom opening soon this year,” said Shawn Wang, Vice President of HSG Laser. “Our latest launches at EuroBLECH mark another step forward, combining high-performance equipment with intelligent technologies and localized support to deliver greater productivity for European customers.”

Recognized by MM MaschinenMarkt Germany

Built for the European market, HSG Laser earned the “International Spotlight” award from MM MaschinenMarkt Germany’s Chief Editor for its GV and AI CutPilot. The GV combines cutting, beveling, countersinking, and chamfering in one machine to streamline pre-welding workflows and boost efficiency. AI CutPilot is HSG’s industry-first, self-developed AI system that turns laser-cutting expertise into a reusable, scalable machine capability, helping reduce trial work and improve first-pass yield. The award further highlights HSG Laser’s technological strength and growing presence in the European market.

Strengthening Local Operations in Europe

As part of its continued commitment to supporting manufacturers worldwide, HSG Laser is further strengthening its localized operations in Europe. On 10th November, HSG will open its new showroom in Düsseldorf, Germany under the theme “Go Global, Link Local.” The new showroom will bring HSG’s latest machines, technologies, and expertise closer to European customers, creating more opportunities for direct engagement and local support. This expansion further strengthens HSG’s presence in Europe and its ability to provide responsive, customer-focused solutions tailored to local manufacturing needs.

About HSG Laser

Founded in 2006, HSG Laser is a leading global manufacturer of intelligent metal processing equipment, specializing in laser cutting, tube processing, bending, and welding automation systems. With a presence in over 100 countries and regional centers across Europe, North America, Japan, India, and Asia-Pacific, HSG Laser is committed to driving the transformation of manufacturing through innovation, reliability, and artificial intelligence.

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Mérieux NutriSciences Completes Acquisition of Certified Group, Becoming North America’s Leading Food Testing Provider

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CHICAGO, Oct. 21, 2026 /PRNewswire/ — Mérieux NutriSciences, a global leader in food safety, quality, and sustainability, today announced the successful completion of its acquisition of Certified Group.

First announced in August 2026, this strategic transaction unites two complementary leaders in the Testing, Inspection, and Certification (TIC) sector. With approximately $300 million in revenue, Certified Group brings 31 laboratories and over 1,600 talented employees into Mérieux NutriSciences’ global network. The integration also adds a robust roster of more than 170 independent regulatory consultants across the United States and Canada.

With this expanded coast-to-coast footprint, Mérieux NutriSciences is positioned to provide customers with broader service offerings and enhanced regulatory support. The integration deepens the company’s capabilities in key Food & Beverage segments, most notably in animal protein through its Food Safety Net Services (FSNS) network, where Certified Group has built a strong reputation as a bellwether for safety and quality, alongside leading positions in dairy, packaged foods, nuts, and spices.

Customers will also benefit from high-value expertise in cosmetics, OTC products, and dietary supplements through the Certified Laboratories vertical, and reduced-harm nicotine product testing via Labstat International. These core verticals are further bolstered by specialized expert services, including contract research (Lab Plus), regulatory consulting (EAS Consulting Group), and comprehensive certification and audit programs (FSNS Certification and Audit).

“We are thrilled to officially welcome the talented teams from Certified Group to the Mérieux NutriSciences global network,” said Nicolas Cartier, CEO of Mérieux NutriSciences. “By combining our respective strengths, we are vastly expanding the depth and breadth of our capabilities. This milestone allows us to be closer to our customers, meeting their localized, time-sensitive needs with unmatched speed and reliability, while furthering our shared purpose: Better Food. Better Health. Better World.”

“Our priority is to ensure a seamless transition for all customers while delivering immediate, enhanced value,” added Sébastien Moulard, President North America at Mérieux NutriSciences. “Through this nationwide analytical network, customers now have access to a truly comprehensive portfolio of routine testing, specialized analysis, expert regulatory support, and more. We are excited to leverage the best of both worlds to drive innovation and provide practical solutions right where production happens.”

“Certified Group has built a differentiated platform with a strong reputation for quality, scientific excellence and exceptional customer service,” said Deborah Kerr, Managing Director, Warburg Pincus & Executive Chair, Certified Group. “We are proud to have supported Certified Group’s evolution and look forward to seeing the company continue to thrive as part of Mérieux NutriSciences.”

The financing of the acquisition brings new minority shareholders Peugeot Invest and Continental Grain Company (Conti) alongside Mérieux NutriSciences’ long standing shareholders: Institut Mérieux, Sofina, and Dassault Group. This collective support underscores strong market confidence in the company’s strategic vision. Ultimately, the successful integration of Certified Group solidifies Mérieux NutriSciences as the leading provider in North America and a top player in the global food TIC market, further cementing its role as the trusted partner for customers navigating a rapidly evolving landscape.

About Mérieux NutriSciences:

At Mérieux NutriSciences, we leverage 60 years of scientific and entrepreneurial expertise to answer food industry needs. Today’s global challenges transform the way food is produced, marketed and consumed, which is why we know our clients need more than reliable analytical results; they need practical and innovative solutions that will contribute to make food systems safer, healthier and more sustainable. Present worldwide, we are more than 160 accredited laboratories and a team of over 11,600 committed employees. We strongly believe that together, we can create solutions to offer our planet: BETTER FOOD. BETTER HEALTH. BETTER WORLD. na.mxns.com

MERIEUX NUTRISCIENCES
Stephen Nichols (North America)
stephen.nichols@mxns.com 

Marion Bertrand (Global)
media@mxns.com 

Ashton van den Bergh (Global)
media@mxns.com

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