According to a new market research report "
Chromatography Instruments
Market by Type (Systems, Detectors), Consumables (Columns) and
Accessories (Auto-sampler Accessories), Applications (Life science
Research, Environmental Testing, Food & Beverage Testing), and
Region - Global Forecast to 2022" published by MarketsandMarkets™, the market is expected to reach
USD 10.99 Billion by 2022 from an estimated
USD 7.86 Billion in 2017, at a CAGR of 6.9%.
Browse 160 Market Data Tables and 40 Figures spread through 245 Pages and in-depth TOC on "
Chromatography Instruments Market"
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The
key factors driving the growth of this market include the rising food
safety concerns, increasing use of chromatography tests in the drug
approval process, and growing popularity of hyphenated chromatography
techniques. However, the high cost of equipment is likely to restrain
the growth of the market during the forecast period.
By type, the systems segment accounted for the largest share of the market in 2017
On
the basis of type, the Chromatography Instruments Market is broadly
segmented into systems, detectors, auto-samplers, and fraction
collectors. In 2017, the systems segment is expected to account for the
largest share of this market and is expected to grow at the highest CAGR
during the forecast period. This is primarily attributed to the growing
importance of chromatography tests in drug approvals.
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By consumables and accessories, the consumables segment held the largest market share in 2017
The
Chromatography Instruments Market is further classified into
consumables and accessories. In 2017, the consumables segment is
expected to account for the largest share of the Chromatography
Instruments Market and is expected to grow at the highest CAGR during
the forecast period. The high growth of this segment is mainly
attributed to the rise in the food safety concerns.
By application, the life science industry held the largest market share in 2017
Based
on application, the Chromatography Instruments Market is further
segmented into life science, environmental testing, food and beverage
testing, and other applications. In 2017, the life science industry
segment is expected to account for the largest share and is expected to
grow at the highest CAGR during the forecast period. Chromatography
tests in drug approvals and increasing popularity of hyphenated
techniques are the major factors driving the growth of this segment.
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North America dominated the market in 2017
North America accounted for the largest share of the Chromatography Instruments Market in 2016, followed by
Europe.
The increase in funding for R&D activities in the healthcare
industry and increasing number of conferences in the U.S. are some of
the major factors driving the growth of the market in the U.S. The
growth of the Canadian food testing industry will also drive market
growth during the forecast period.
Factors such as rising importance of food safety in the U.K., growth of the cosmetics industry in
France,
and the increase in R&D expenditure in the pharmaceutical industry
in the RoE are expected to boost the adoption of chromatography
instruments in European countries; generating a significant growth
opportunity for the players competing in the global
Chromatography Instruments Market during the forecast period.
The key players in the market include Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), Shimadzu Corporation (
Japan), Thermo Fisher Scientific Inc. (U.S.), and PerkinElmer Inc. (U.S.)
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