Global ICP-MS System Market Size is valued at USD 414.4 Mn in 2024 and is predicted to reach USD 729.9 Mn by the year 2034 at a 5.9% CAGR during the forecast period for 2025-2034.
Inductively Coupled Plasma Mass Spectroscopy (ICP-MS) is a mass spectroscopy technique that allows for the detection of metals and nonmetals at extremely trace levels. This system performs several analyses rapidly and accurately. This technique deposits spectroscopic samples via laser ablation or as a plasma solution. The drug development and biological sciences use ICP MS for trace metal analysis. Growth prospects can be found in the increased attention paid to drug safety and the investigation of metal ions in biological systems.
Iron is converted from atoms to ions by the ICP source and then separated and identified by the mass spectrometer. This method is employed in various industries to guarantee the exclusive standards of quality and safety, including the food and pharmaceutical industries, as well as the environmental, geochemical, nuclear, and medical sectors. ICP-MS has improved speed, precision, and sensitivity. Furthermore, Increased sensitivity, increased throughput, and streamlined usability are just a few of the features that have contributed to the rising popularity of ICP MS instruments. As a result of the updates, ICP MS is now usable by a wider audience.
However, the market growth is hampered by the high-cost criteria for the safety and health of the ICP-MS system market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high humidity ICP-MS system due to the high cost of the equipment upfront. When analyzing heavy elements like lead, ICP-MS performs well; however, when attempting to analyze lesser elements, interferences occur. Lighter elements, such as chromium and iron, cannot be measured by ICP-MS. As a result, the industry's reaction to COVID-19 offers suggestions for how companies might adjust to the new market environment. Key market impediments, such as emerging market economic limits and corporate market barriers, are identified in the paper.
The ICP-MS System Market is segmented based on product type, modality, and application. By product type, the market is segmented into single quadrupole ICP MS, triple quadrupole ICP MS, multi quadrupole ICP MS, high-resolution ICP MS, multi-collector ICP MS, and others. As per the modality, the market is segmented into benchtop ICP MS systems and floor-standing ICP MS Systems. By application, the market is segmented into water analysis, environmental analysis, pharmaceutical and biomedical research, geological and mining research, Food and beverage testing, petrochemical analysis, semiconductor analysis, and others.
The Benchtop ICP-MS systems ICP-MS system market is expected to lead with a major global market share in 2024. Benchtop ICP-MS systems are compact, versatile, and cost-effective instruments for doing high-performance elemental analysis in the lab. Simple setup, lower operational costs, and malleability in sample analysis all contribute to the rising popularity of such systems. Research, academic tracking, and product evaluation are possible applications.
Pharmaceutical and biomedical research makes up the bulk of ICP-MS system usage due to demographic shifts, rising rates of chronic diseases, and developments in individualized treatment. ICP-MS systems, which can provide accurate and reliable elemental analysis data for research and regulatory compliance, are seeing a surge in interest, especially in countries like the US, Germany, the UK, China, and India.
The North American ICP-MS system market is expected to register the maximum market share in revenue in the near future. This can be attributed to the many universities and research centres that employ ICP MS to pursue various scientific goals. The academic and scientific communities largely fuel demand for ICP MS systems. In addition, Asia Pacific is estimated to grow rapidly in the global ICP-MS system market because of the larger population and a heightened awareness of food safety. Food and agricultural samples can be analyzed for pollutants, nutrients, and trace elements using ICP MS.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 414.4 Mn |
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Revenue Forecast In 2034 |
USD 729.9 Mn |
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Growth Rate CAGR |
CAGR of 5.9% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Mn, volume (units) and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, Modality, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Advion, Inc. (Beijing Bohui Innovation Biotechnology Co., Ltd., Agilent Technologies, Inc., Analytik Jena GmbH, Nu Instruments (AMETEK, Inc.), PerkinElmer, Inc., Shimadzu Corporation, Thermo Fisher Scientific, GBC Scientific Equipment (EWAI), Expec Technology (FPI), Skyray Instrument, NCS Testing Technology, Macylab Instruments, HORIBA, Ltd, Intertek Group plc, Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Product Typeology and Scope
1.1. Research Product Typeology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global ICP-MS System Market Snapshot
Chapter 4. Global ICP-MS System Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Product Type Estimates & Trend Analysis
5.1. By Product Type, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Product Type:
5.2.1. Single Quadrupole ICP-MS
5.2.2. Triple Quadrupole ICP-MS
5.2.3. Multi-quadrupole ICP-MS
5.2.4. High Resolution ICP-MS
5.2.5. Multi-collector ICP-MS
5.2.6. Others
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:
6.2.1. Water Analysis
6.2.2. Environmental Analysis
6.2.3. Pharmaceutical and Biomedical Research
6.2.4. Geological and Mining Research
6.2.5. Food and Beverage Testing
6.2.6. Petrochemical Analysis
6.2.7. Semiconductor Analysis
6.2.8. Others
Chapter 7. Market Segmentation 3: By Modality Estimates & Trend Analysis
7.1. By Modality & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Modality:
7.2.1. Benchtop ICP-MS System
7.2.2. Floor Standing ICP-MS System
Chapter 8. ICP-MS System Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America ICP-MS System Market revenue (US$ Million) estimates and forecasts By Product Type, 2021-2034
8.1.2. North America ICP-MS System Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
8.1.3. North America ICP-MS System Market revenue (US$ Million) estimates and forecasts By Modality, 2021-2034
8.1.4. North America ICP-MS System Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe ICP-MS System Market revenue (US$ Million) By Product Type, 2021-2034
8.2.2. Europe ICP-MS System Market revenue (US$ Million) By Application, 2021-2034
8.2.3. Europe ICP-MS System Market revenue (US$ Million) By Modality, 2021-2034
8.2.4. Europe ICP-MS System Market revenue (US$ Million) by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific ICP-MS System Market revenue (US$ Million) By Product Type, 2021-2034
8.3.2. Asia Pacific ICP-MS System Market revenue (US$ Million) By Application, 2021-2034
8.3.3. Asia Pacific ICP-MS System Market revenue (US$ Million) By Modality, 2021-2034
8.3.4. Asia Pacific ICP-MS System Market revenue (US$ Million) by country, 2021-2034
8.4. Latin America
8.4.1. Latin America ICP-MS System Market revenue (US$ Million) By Product Type, (US$ Million) 2021-2034
8.4.2. Latin America ICP-MS System Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
8.4.3. Latin America ICP-MS System Market revenue (US$ Million) By Modality, (US$ Million) 2021-2034
8.4.4. Latin America ICP-MS System Market revenue (US$ Million) by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa ICP-MS System Market revenue (US$ Million) By Product Type, 2021-2034
8.5.2. Middle East & Africa ICP-MS System Market revenue (US$ Million) By Application, 2021-2034
8.5.3. Middle East & Africa ICP-MS System Market revenue (US$ Million) By Modality, 2021-2034
8.5.4. Middle East & Africa ICP-MS System Market revenue (US$ Million) by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Advion, Inc. (Beijing Bohui Innovation Biotechnology Co., Ltd.)
9.2.2. Agilent Technologies, Inc.
9.2.3. Analytik Jena GmbH
9.2.4. Nu Instruments (AMETEK, Inc.)
9.2.5. PerkinElmer, Inc.
9.2.6. Shimadzu Corporation
9.2.7. Thermo Fisher Scientific, Inc.
ICP-MS System Market By Product Type-
ICP-MS System Market By Modality-
ICP-MS System Market By Application-
ICP-MS System Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
