Chromatography Market to Reach $24.8 Billion by 2030, Driven by Pharmaceutical R&D and Food Safety Concerns, Says Meticulous Research®

 

Meticulous Research®, a renowned market intelligence firm, has released its latest report titled, "Chromatography Market by Product (Systems, Columns, Reagents, Vials, Fittings, Detectors, Pumps, Software), Technology (HPLC, LPLC, Flash Chromatography, GC, TLC), End User (Pharmaceutical, Academic, F&B, Environmental, Hospital) – Global Forecast to 2030." The report forecasts significant growth in the chromatography market, projecting it to reach $24.8 billion by 2030, with a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030.

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The anticipated growth in the chromatography market is primarily fueled by rising research and development (R&D) investments in the pharmaceutical and biotechnology sectors. Additionally, increasing concerns over food safety, necessitating the precise identification and quantification of contaminants, are propelling the demand for advanced chromatography technologies. Further contributing factors include continuous technological advancements and global initiatives aimed at reducing environmental pollution. However, the high cost of chromatography instruments presents a notable challenge to market expansion. Despite this, emerging economies and the development of bioclusters provide promising growth opportunities. Nonetheless, the shortage of skilled professionals and the adoption of refurbished instruments remain significant hurdles for the market.

Key Industry Players

Leading companies operating in the chromatography market include 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).

Market Segmentation

The chromatography market is categorized by Product, Technology, End User, and Geography. The Product segment includes Systems, Consumables (such as Columns, Reagents & Buffers, Vials, Fittings & Tubings, Syringe Filters, Well Plates), Components & Accessories (including Detectors & Lamps, Pumps, Fraction Collectors), and Software & Services. Among these, the Systems segment is expected to dominate in 2024, driven by the adaptability of modular systems, which can be customized to meet specific requirements, and the efficiency of integrated systems for continuous analysis.

In the Technology segment, Liquid Chromatography is anticipated to hold the largest market share in 2024, owing to its widespread application and effectiveness in compound separation and analysis. Within Liquid Chromatography, High-Performance Liquid Chromatography (HPLC) is expected to lead, reflecting its established use in various industries.

The End User segment sees Pharmaceutical & Biotechnology Companies emerging as the largest contributors to market demand in 2024. This growth is driven by the increasing adoption of chromatography systems for drug discovery, quality control, and vaccine research. The surge in pharmaceutical R&D investment and the pressure to develop innovative therapies further amplify the demand for chromatography solutions.

Geographical Insights

The report provides an in-depth analysis of key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to maintain its leading position in the global chromatography market in 2024, followed by Europe and Asia-Pacific. Factors such as a well-established healthcare infrastructure, a strong focus on academic and research initiatives, the high prevalence of chronic diseases, increased venture capital in the biopharmaceutical sector, and the presence of leading market players contribute to North America's dominant market share.

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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