Meticulous Research® Forecasts Chromatography Market to Reach $24.8 Billion by 2030

 

Meticulous Research®, a leading provider of market intelligence, today announced the release of its latest report, “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 projects that the global chromatography market will grow at a compound annual growth rate (CAGR) of 5.4%, reaching $24.8 billion by 2030.

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The expansion of this market is driven by several key factors, including increased investment in research and development within the pharmaceutical and biotechnology sectors, heightened food safety concerns necessitating rigorous contaminant testing, and ongoing technological advancements in chromatography. Additionally, growing regulatory initiatives aimed at reducing environmental pollution are expected to further propel market growth. However, the market faces certain challenges, including the high cost of chromatography instruments, a shortage of skilled professionals, and the increasing adoption of refurbished equipment, which could hinder growth prospects.

Market Segmentation and Key Insights

The report segments the chromatography market into Products, Technology, End Users, and Geography.

  • Product Segment: In 2024, the Systems segment is anticipated to command the largest market share. The prevalence of modular systems, known for their adaptability to various applications and cost-efficiency, alongside integrated systems designed for continuous analysis, underscores their dominance in the market.
  • Technology Segment: Liquid Chromatography, particularly High-Performance Liquid Chromatography (HPLC), is expected to lead the market in 2024. Its extensive use in the separation and analysis of complex compounds solidifies its position as the preferred technology in various applications.
  • End User Segment: The Pharmaceutical & Biotechnology Companies segment is projected to hold the largest market share in 2024. This dominance is driven by the sector’s reliance on chromatography for drug discovery, quality control, and vaccine research, coupled with rising R&D investments and the pressure to innovate new therapies.

Regional Analysis

Geographically, North America is expected to maintain its position as the largest market for chromatography, followed by Europe and the Asia-Pacific region. Factors contributing to North America’s leading position include a robust healthcare infrastructure, a strong focus on research and development, a high prevalence of chronic diseases necessitating innovative treatments, and substantial venture capital investments in the biopharmaceutical sector. The presence of major industry players further solidifies the region’s market dominance.

Key Market Players

Prominent companies shaping the chromatography market landscape 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.), PerkinElmer, Inc. (U.S.), Merck KGaA (Germany), Bruker Corporation (U.S.), Hitachi, Ltd. (Japan), Sartorius AG (Germany), Restek Corporation (U.S.), and Tosoh Corporation (Japan).

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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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