Global ICP-MS System Market size was valued at USD 198.6 Million in 2025 and is expected to reach at USD 311.9 Million by 2034 at a CAGR of 5.07% during the forecast period 2025 – 2034.

ICP- MS System Market Overview

The ICP-MS system is an elemental analysis technique, meaning it is used to measure elements, rather than the molecules and compounds that are measured by LC/MS and GC/MS.

Various factors, such as growing investment in the research & development of the ICP-MS system, increasing adoption of the ICP-MS system by the pharmaceutical end-use applications, growing demand for the ICP-MS instruments in the semiconductor industry, rising technological advancements, integration of the AI and machine learning technologies in the ICP-MS system, and growing demand for the on-site field analysis, are mainly driving the ICP-MS system market.

However, factors such as lack of universal directives pertaining to the implementation of the ICP-MS system, the presence of the various substitutes, and the high cost of the ICP-MS system are mainly restraining the market growth.

Increasing integration of AI and machine learning and various advanced technologies in the ICP-MS system is expected to create lucrative opportunities for the market. Key players operating in the market are heavily investing in the new technological advancements and collaborating with various end use industries to foster their market presence and increase business portfolio.

The Global ICP-MS system market is segmented by product type, by modality, by application and by region. By Product type, the market is further segmented into the Single Quadrupole ICP-MS, Triple Quadrupole ICP-MS, Multi-quadrupole ICP-MS, High Resolution ICP-MS, Multi-collector ICP-MS and Others.

Among all of these, Single quadrupole segment held highest market share in the 2024 and is expected to keep its dominance during the forecast period. Various factors such as growing adoption of the single quadrupole in the various end use applications and increasing technological advancements are mainly driving the market growth of this region.

By Region, North America held highest market share in 2024 and is expected to keep its dominance during the forecast period. Key countries such as U.S., Canada and Mexico are mainly driving the market growth of this region.

Report Scope

Feature of the Report Details
Market Size in 2025 USD 198.6 Million
Projected Market Size in 2034 USD 311.9 Million
Market Size in 2024 USD 189.9 Million
CAGR Growth Rate 5.07% CAGR
Base Year 2024
Forecast Period 2025-2034
Key Segment By Product Type, Modality, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

CMI has comprehensively analyzed the Global ICP-MS System Market. The driving forces, restraints, challenges, opportunities, key trends have been explained in depth to depict in depth the scenario of the market. Segment wise market size and market share during the forecast period is duly addressed to portray the probable picture of this global ICP-MS System industry.

The competitive landscape includes key innovators, aftermarket service providers, market giants as well as niche players who are studied and analyzed extensively with respect to their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players’ profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

List of the prominent players in the ICP-MS System Market:

  • 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 Inc
  • Auriga Research’s ICP-MS
  • Horiaba
  • FPI
  • Teledyne Leeman Labs
  • GBC Scientific Equipment
  • Others

The ICP-MS System Market is segmented as follows:

By Product Type

  • Single Quadrupole ICP-MS
  • Triple Quadrupole ICP-MS
  • Multi-quadrupole ICP-MS
  • High Resolution ICP-MS
  • Multi-collector ICP-MS
  • Others

By Modality

  • Benchtop ICP-MS System
  • Floor Standing ICP-MS System

By Application           

  • Water Analysis
  • Environmental Analysis
  • Pharmaceutical and Biomedical Research
  • Geological and Mining Research
  • Food and Beverage Testing Petrochemical Analysis
  • Semiconductor Analysis Other
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America