Chromatography Market to be Worth $24.8 Billion by 2030
" Chromatography Market to be Worth $24.8 Billion by 2030”
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According to this latest publication from
Meticulous Research®, the chromatography
market is projected to reach $24.8 billion by 2030, at a CAGR of 5.4% from 2023
to 2030. The growth of this market is driven by increasing R&D investments
in the pharmaceutical and biotechnology industries, rising food safety concerns
driving the need for identification and quantification of food contaminants,
technological advancements in chromatography, and growth in policies and
initiatives to reduce environmental pollution. However, the high cost of
instruments restrains this market's growth to a notable extent. Additionally,
emerging economies and the development of bioclusters offer opportunities for
market growth. However, the shortage of skilled professionals and the adoption
of refurbished instruments are major challenges for market growth.
Key Players
The key
players operating in the chromatography market are Waters Corporation (U.S.),
Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (U.S.), Agilent
Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Bio-Rad Laboratories,
Inc. (U.S.), Perkin Elmer, Inc. (U.S.), Merck KGaA (Germany), Bruker
Corporation (U.S.), Hitachi, Ltd. (Japan), Sartorius AG (Germany), Restek
Corporation (U.S.), and Tosoh Corporation (Japan).
The
chromatography market is segmented by Product (Systems, Consumables [Columns
{Pre-packed Columns, Empty Columns}, Reagents & Buffers, Vials, Fittings
& Tubings, Syringe Filters, Well Plates, Other Consumables], Components
& Accessories [Detectors & Lamps, Pumps, Fraction Collectors, Other
Components & Accessories], Software & Services), Technology (Liquid
Chromatography [High-Performance Liquid Chromatography (HPLC), Low Pressure
Liquid Chromatography, Flash Chromatography, Other Liquid Chromatography Technologies],
Gas Chromatography, Thin Layer Chromatography, Other Chromatography
Technologies), End User (Pharmaceutical & Biotechnology Companies, Academic
& Research Institutes, Food & Beverage Companies, Environmental Testing
Laboratories, Hospital & Diagnostics Laboratories, Oil & Gas
Industries, Other End Users), and Geography. The study also evaluates industry
competitors and analyzes the regional and country-level markets.
Among the products included in the report, in 2023, the
systems segment is expected to account for the largest share of the
chromatography market. The large market share of this segment is attributed to
the presence of integrated modular systems adaptable to a multitude of
purposes. Modular chromatography systems are customizable according to the
specific requirements of customers, making them a favored choice for those
operating under budget constraints. In contrast, integrated systems come
equipped with built-in modules, making them the preferred option for
applications demanding continuous sample analysis.
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Among the technologies included in the report, in 2023, the
liquid chromatography segment is expected to account for the largest share of
the chromatography market due to its widespread use and effectiveness in
separating and analyzing various compounds. Liquid chromatography is further
segmented into High-Performance Liquid Chromatography (HPLC), low-pressure
liquid chromatography, flash chromatography, and other liquid chromatography
technologies. Among the liquid chromatography technologies included in the
report, in 2023, the HPLC segment is expected to account for the largest share
of the liquid chromatography market.
Among the end users included in the report, in 2023, the
pharmaceutical & biotechnology companies segment is expected to account for
the largest share of the chromatography market. The large market share of this
segment is attributed to the increased adoption of chromatography systems by
pharmaceutical and biotechnology companies for various applications, including
drug discovery, quality control, and vaccine research. Furthermore, increasing
investment in pharmaceutical R&D and a burden on pharmaceutical companies
to introduce novel therapies to the market are driving the demand for
chromatography products.
Geographic Review
This
research report analyzes major geographies and provides a comprehensive
analysis of North America (U.S. and Canada), Europe (Germany, France, U.K.,
Italy, Spain, Switzerland, Netherlands, and the Rest of Europe), Asia-Pacific
(China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin
America (Brazil, Mexico, and Rest of Latin America), and the Middle East &
Africa. In 2023, North America is expected to account for the largest share of
the chromatography market, followed by Europe and Asia-Pacific. The
well-established healthcare system, the focus of the region on academic and
research studies, the prevalence of chronic diseases and the need for novel
therapies, the increased venture capital funding for the biopharmaceutical
sector, and the presence of key companies in the region are some of the factors
contributing to the region’s largest share.
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Key questions answered in the report:
· Which are
the high-growth market segments in terms of product, technology, end user, and
geography?
· What was
the historical market for chromatography across the globe?
· What are
the market forecasts and estimates for the period 2023–2030?
· What are
the major drivers, restraints, opportunities, and challenges in the
chromatography market?
· Who are the
major players in the chromatography market?
· What is the
competitive landscape, and who are the market leaders in the chromatography
market?
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