Chromatography is an analytical technique that is used for separating chemical mixtures that relies on differences in polarity and size. Global chromatography market has witnessed significant growth in the past few years, owing to rising demand from industries such as healthcare and biotechnology. Chromatography is used in various sectors ranging from drug discovery and development to testing of food and beverages. Technological advancements improving accuracy and efficiency of chromatography systems along with growing R&D investments from biopharmaceutical companies can drive the market growth during the forecast period.
Market Dynamics:
Rising demand from industries such as healthcare and biotechnology can drive the global chromatography market growth. Chromatography techniques play a crucial role in analysis of biological samples and drug discovery processes. Growing R&D expenditures in these sectors are boosts sales of chromatography systems and associated consumables. Stringency of regulatory bodies mandating higher purity standards for pharmaceutical drugs also boosts adoption of chromatography. However, high costs of advanced chromatography instruments can limit its widespread adoption. Furthermore, lack of skilled professionals can pose challenges to market players. Automation and robotics can offer opportunities for the market growth. Technological advancements improving portability and throughput of chromatography systems can drive the market growth in the near future.
Key Features of the Study:
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