Global Chromatography Market Is Estimated To Witness High Growth Owing To Increasing Adoption of Chromatography Techniques in Various Industries
Chromatography Market |
The global Chromatography market is estimated to be valued at US$ 9,701.6 Mn in 2019 and is expected to exhibit a CAGR of 4.8% over the forecast period 2020-2027, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Chromatography is a laboratory technique used for the separation of mixtures
into their individual components. It plays a crucial role in various industries
such as pharmaceuticals, biotechnology, food and beverages, environmental
testing, and forensic sciences. The technique is highly efficient in separating
complex mixtures and provides accurate and reliable results. The growing need
for better quality control and analysis in these industries has led to the
increased adoption of chromatography techniques.
B) Market Key Trends:
One key trend driving the growth of the chromatography market is the increasing
demand for advanced chromatography techniques such as high-performance liquid
chromatography (HPLC) and gas chromatography-mass spectrometry (GC-MS). These
techniques offer enhanced sensitivity, selectivity, and efficiency in
separation and analysis. For example, HPLC is widely used in the pharmaceutical
industry for drug discovery and development processes, while GC-MS is
extensively used for environmental testing and forensic analysis.
C) PEST Analysis:
Political: Government regulations and policies related to drug safety, food
quality, and environmental protection have a significant impact on the
chromatography market. Stringent regulations require industries to adopt
chromatography techniques for accurate analysis and compliance.
Economic: Increasing investments in pharmaceutical research and development,
rising food safety concerns, and growing environmental testing requirements are
driving the demand for chromatography products and services.
Social: The growing awareness among consumers about food safety, drug quality,
and environmental pollution is creating a higher demand for chromatography
techniques to ensure accurate analysis and compliance.
Technological: Continuous advancements in chromatography techniques such as the
development of new stationary phases, improved separation and detection
methods, and automation of processes are driving the market growth.
D) Key Takeaways:
1. The global
Chromatography market is expected to witness high growth, exhibiting a
CAGR of 4.8% over the forecast period. The increasing adoption of
chromatography techniques in various industries is a key driver for this
growth.
2. The Asia Pacific region is expected to be the fastest-growing and dominating
region in the chromatography market. The presence of leading pharmaceutical
manufacturers, growing investments in biotechnology research, and increasing
focus on food safety are driving the demand for chromatography techniques in
this region.
3. Key players operating in the global Chromatography market include Thermo
Fisher Scientific Inc., Agilent Technologies, Inc., Shimadzu Corporation,
Waters Corporation, Affymetrix, Inc., Siemens Healthcare, Illumina Inc., Horiba
Limited, PerkinElmer, Inc., Life Technologies, Protagen AG, Roche Diagnostics
Limited, Malvern Panalytical, Tosoh Corporation, Polymer Char, and Potsnova
Analytics. These players are focusing on product innovations, partnerships, and
acquisitions to strengthen their market position.
In conclusion, the Chromatography market is witnessing significant growth due
to the increasing adoption of advanced chromatography techniques in various
industries. The demand for accurate analysis, quality control, and compliance
with regulatory standards are driving the market growth. The Asia Pacific
region is expected to dominate the market, and key players in the market are
investing in research and development activities to offer innovative solutions
to customers.
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