The rising popularity of
hyphenated chromatography techniques, the growing importance of chromatography
tests in the drug approval process, and rising food safety concerns are the
major factors driving the growth of this market.
The report Chromatography
Instruments Market was valued at USD 7.8 billion in
2017. This market is estimated to grow at a CAGR of 6.9% during the forecast
period, expected to be worth USD 10.9 billion by 2022.
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Based on type, the
chromatography instruments market is segmented into systems, detectors, auto-samplers,
and fraction collectors. The systems segment dominated this market in 2017 and
is also estimated to grow at the highest CAGR during the forecast period.
Technological advancements and the improved capabilities of chromatography
systems to analyze complex compounds are the major factors driving the growth
of this segment.
North America was the largest revenue
generator of the global chromatography instruments market in 2017, closely
followed by Europe. Increasing funding for R&D activities in the life
science industry in the US is one of the major factors responsible for the
large share of North America in the chromatography instruments market.
Life science research, food & beverage
testing, environmental testing, and other applications are the main segments of
the market. Life science research is the largest and the fastest-growing
application segment in this market majorly due to the increasing importance of
chromatography tests in the drug approval process and the rising number of
R&D activities in the pharmaceutical and biotechnology industries.
In the coming years, the growth of the
European market would be driven by factors such as the increasing focus on food
safety in the UK, growth of the cosmetics industry in France, and the
rising pharmaceutical R&D expenditure in RoE (Rest of Europe) countries.
The key players present
in this market include Agilent Technologies, Inc. (US), Waters Corporation
(US), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (US), and
PerkinElmer, Inc. (US).
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