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.
What
the Market Looks Like?
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.
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.
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What Drives the Market?
The growth of the
global market for Chromatography Instruments is primarily influenced
by the following factors:
·
Policies and Initiatives to Reduce
Environmental Pollution Levels
·
Growing Food Safety Concerns
·
Growing Importance of Chromatography
Tests in the Drug Approval Process
·
Rising Popularity of Hyphenated
Techniques
·
New Product Launches and Their Expanding
Application Areas
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.
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