According to the new market research report " Chromatography Instruments Market by Type (Liquid Chromatography, Gas Chromatography), Consumable & Accessory (Columns, Detectors, Pressure Regulators), End User (Life Science Industry, Oil & Gas Industry), and Region - Analysis & Global Forecasts to 2025", published by MarketsandMarkets™, the Chromatography Instruments Market is expected to reach USD 11.0 billion by 2025 from USD 8.6 billion in 2020, at a CAGR of 5.1%.
Browse in-depth TOC on "Chromatography
Instruments Market"
141 – Tables
33 – Figures
248 – Pages
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The growing investments in the pharmaceutical
R&D, rising food safety concerns, increasing adoption of gas chromatography
in oil & gas industry and policies to reduce environmental pollution levels
are the key drivers of the chromatography instruments market growth. Increasing
burden on healthcare systems owing to the COVID-19 pandemic worldwide and
growing importance of chromatography tests in drug approval process will
further upsurge the demand for chromatography instruments.
The chromatography instruments market includes Tier
I and II vendors like Agilent Technologies, Shimadzu Corporation, Waters
Corporation, Thermo Fisher Scientific and PerkinElmer among others. The
companies have a large market spread across various countries in North America, Europe, Asia Pacific and
Rest of the World. The global COVID-19 outbreak has impacted the business to a
certain extent as multiple manufacturing facilities of players were shut down
during the lockdown. Despite of the challenging situation, industries are
gradually recovering from the impact of the pandemic. As the supply and
distribution channels are beginning to open up, business operations are likely
to rise at a slow and steady rate in the near future. Thus, the pandemic is not
estimated to have long-term effects on the fundamental growth drivers of the
chromatography instruments market. It is estimated that market reconciliation
and development would be seen toward the beginning of 2021.
Liquid chromatography systems segment is anticipated
to be the fastest growing segment during the forecast period
The market is segmented by type, into liquid
chromatography (LC) systems, gas chromatography (GC) systems, supercritical
fluid chromatography (SFC) systems and thin-layer chromatography (TLC)
systems.. The liquid chromatography systems segment is estimated to command the
largest share of the market in 2020, and is projected to register the highest
CAGR during the forecast period. Increasing demand for liquid chromatography
systems in pharma and biotech industries along with growing adoption of gas
chromtaogrpahy systems in oil & gas industries is expected to boost the
market growth during the forecast period.
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Columns, that form the most important part of the
chromatography systems, are expected to command the largest market share in
2020
The chromatography instruments market, by consumable
& accessory is broadly segmented into column, column accessories,
autosampler, autosampler accessories, flow management accessories,
solvents/reagents/adsorbents, chromatography fittings and tubing, detectors,
mobile phase accessories, fraction collectors, pressure regulators, and other
accessories. The columns segment is expected to occupy large market share owing
to the importance of columns in the chromatography systems, as chromatographic
separation takes place inside the column. Additionally, growing importance of
chromatography tests in drug development, will subsequently upsurge the demand
for such chromatography consumables and accessories.
Life science industry to witness highest growth
during the forecast period
The end-user industry is segmented into life science
industry, academic & research institutes, oil & gas industry,
environmental agencies, food & beverage industry and other end user
industries. The life science industry is expected to hold the largest share of
the market in 2020 owing to the increasing R&D investment by pharmaceutical
& biotechnology companies. This end-user segment is expected to grow
rapidly in the coming years due to the use of chromatography in various
research applications, bulk drug manufacturing, stabilization of drugs, and
qualitative and quantitative pharmaceutical analysis.
The North
America chromatography instruments market to hold the
largest market share in 2020
North
America is expected to dominate the global market in
2020, followed by Europe,
whereas the Asia
Pacific region is expected to register the highest
CAGR during the forecast period. The high regional growth is attributed to the
increasing R&D funding in healthcare industries, growing number of
preclinical activities by CROs and pharmaceutical companies, upsurge in the
number of metabolomics research studies, growing food and agricultural industry
in Canada and
presence of developed healthcare and research infrastructure.
The major players operating in the chromatography
instruments market include Agilent Technologies (US), Waters Corporation (US),
Shimadzu (Japan),
Thermo Fisher Scientific (US), PerkinElmer (US), Merck KGaA (Germany),
Phenomenex (US), Bio-Rad Laboratories (US), Cytiva (US), Hitachi (Japan)
and Restek Corporation (US) among others.
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