Global Chromatography Instruments Market Size, Trends, & Growth Opportunity By Type (Gas chromatography, Ion Exchange chromatography, Affinity Chromatography, Supercritical fluid chromatography), By Consumables & Instruments (Tubes, Detectors, Columns, Vials, Pumps, Fraction Collector, and Others), By End User (Biotechnology & Pharmaceutical Industries, Hospitals, Research Laboratories, and Others), Regional Outlook, Competitive Market Share, & Forecast till 2022–2027.
Global Chromatography Instruments Market
Global Chromatography Instruments Market was valued at USD 8.7 billion in 2021 and is expected to reach USD 13.5 billion by 2027, at a CAGR of 7.39% from 2022 to 2027.
Chromatography Instrument is defined as a method to separate various compounds from the mixture of sample and natural solution by chromatographic techniques by using different instruments. It also involves the separation of biomolecules based on type, size, and other attributes which require stationary phase, mobile phase for carrying out the separation procedure. Chromatography is an analytical method used for segregating a mixture into its individual components so that the analysis of individual components becomes possible.
Market Drivers
Increasing adoption of chromatography use in the clinical research field and new drug development is the key driving factor which is projected to boost the global chromatography instruments market growth. For instance, according to the World Journal of Pharmaceutical Sciences, around 60% of chemical analysis is done by chromatography across the world. Also, rising food safety concerns will have a positive impact on market growth. Moreover, the rising popularity of hyphenated techniques will drive market growth in the forecast period.
Market Restraints
The high cost of chromatography equipment is the major challenging factor which is expected to hinder the global chromatography instruments market growth. Also, lack of skilled professionals will affect the market growth in the forecast period 2027.
Market Segmentation
The Global Chromatography Instruments Market is segmented into type, consumables, instruments, end-user, and region. Based on end user the Chromatography Instrument Market is segmented into Biotechnology & Pharmaceutical Industries, Hospitals, Research Laboratories, and Others.
Regional Analysis
Global Chromatography Instruments Market is segmented into five regions: North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The North American region is projected to account for the highest market share. This is attributed to the development and investment in pharmaceutical sectors in the North America and Canada region. The Asia-Pacific region is expected to be the fastest-growing market. This is attributed to growing economies and an improved standard of living.
Key Players
Various key players are discussed in the Global Chromatography Instruments Market Report, including: Agilent Technologies, Inc., Waters Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Merck KGaA, Bio-Rad Laboratories, Restek Corporation, Gilson Co., Inc., Cytiva, and Others.
Market Taxonomy
By Type
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