Global Chromatography Instruments Market Overview
The key driver impacting the chromatography instruments market is the rising public concerns related to optimal food safety & quality globally. For instance, Unsafe food contains harmful viruses, bacteria, parasites, or chemical substances that cause over 200 several diseases, ranging from diarrhea to cancers. The widespread incidence of microbiological, chemical, or other food hazards also continues to be a severe issue to the food system. Globally, an expected 600 million, almost one in ten people, falls ill after eating contaminated annually, that results in 420 000 deaths and the loss of 33 million healthy life. Chromatography is utilized for quality control in the food industries by extrication and analyzing additives, preservatives, vitamins, amino acids, and proteins. It can also separate and detect contaminants such as aflatoxin, a cancer-causing chemical produced by a peanuts mold. Moreover, the growing importance of chromatography tests in the drug approval process and the rising popularity of hyphenated chromatography techniques contribute to market growth in the forecast period.
According to Value Market Research, the global chromatography instruments market size valued at around USD 8500 million in 2020 and is estimated to develop at a CAGR of about 5% during the forecast period 2021 to 2027.
The Increasing investments in pharmaceutical R&D and growing funding for drug discovery are estimated to augment demand for chromatography instruments in the forecast period. For instance, As per the research America org, Biopharmaceutical companies contributed the major funding share within the industry sector in 2017 and account for around 53% of total U.S. medical and health R&D expenditure. Among the top 25 U.S.-based pharmaceutical firms in terms of R&D investment, 17 augmented their spending. In 2017, out of these eight U.S.-based firms each spent over $1 billion on pharmaceutical R&D. in terms of R&D investment, 17 increased their spending. Of these, eight U.S.-based firms each spent more than $1 billion on pharmaceutical R&D in 2017. NIH funding contributes to published research connected with every one of the 210 new drugs permitted by the Food and Drug Administration between 2010–2016. Overall, the grant funding totaling over $100 billion for this research. However, the high cost of chromatography equipment may hamper the market in the long run. The lack of skilled professionals and long-term reproducibility is negatively impacting the market. The current industry trends, such as chromatography application in the purification of monoclonal antibodies and advancements in gas chromatography columns for petrochemical applications, are expected to provide market players with new market opportunities.
The chromatography instruments market is vast, with many local and global players. The chromatography instruments market is extensive, with many local and international players. The key leaders follow various strategies to elevate their market position, such as product upgrades, extending product portfolio, contracts, amalgamation, and acquisitions, to raise their market share across the globe. The significant players studied in the report are Agilent Technologies, Thermo Fisher Scientific, Waters Corporation, Shimadzu, PerkinElmer, Phenomenex, Merck KGaA, Cytiva, Bio-Rad Laboratories, Restek Corporation, Hitachi, Scion Instruments (US), SRI Instruments, and Gilson, Inc.
In this research report, the chromatography instruments market is segmented by type, consumable & accessory, end-user industry, and region.
Analysis by Type:
By type, the report is categorized into liquid chromatography (high-performance liquid chromatography systems, ultra-high performance liquid chromatography systems, medium-pressure liquid chromatography systems, and flash chromatography systems) and gas chromatography systems. Liquid Chromatography dominates the type segment with over 30% share in 2020. It is due to the surge in demand for liquid chromatography systems in various analytical processes. Moreover, the growing demand and usage of these systems in pharmaceutical and biotechnology companies contribute to the high demand for liquid chromatography systems in the forecast period.
Analysis by Consumable & Accessory:
By consumable & accessory, the report is categorized into Columns, Detectors, Pressure Regulators. The column dominates the consumable & accessory segment with over 20% share in 2020. It is due to the rising demand for the empty and pre-packed columns in several separation processes. Moreover, the empty columns provide flexibility in performing chromatography, and column accessories such as Heaters & ovens are majorly utilized to control an analytical process's temperature are expected to drive the market demand for Columns in the forecast period.
Analysis by End-User Industry:
By end-user industry, the report is categorized into academic & research institutes, life science industry, oil & gas industry, food & beverage industry, environmental agencies, and other end-user industries. The life science industry dominates the end-user industry segment with over 20% share in 2020. It is due to the several applications of chromatography techniques all through the process of drug development. Moreover, the rapid Technological advancements in chromatography instruments and augmented adoption of chromatography instrument in pharmaceutical companies to improve their production, efficiency, and effectiveness is expected to drive the market demand from the life science industry sector in the forecast period.
Analysis by Region:
In the regional outlook of the global chromatography instruments market, the North America region dominates globally with a 25% market share during the forecast period. It is because of increased funding for R&D activities in the healthcare industries and the presence of a developed and well-structured health care system. Also, growth in the food industry to support market growth in Canada is driving the market growth of the region. Moreover, several major pharmaceutical companies are increasingly outsourcing their drug and development services to contribute to its growth across North America.
Market Segmentation covered in the Report:
By Consumable & Accessory
- Liquid Chromatography Systems (High-Performance Liquid Chromatography Systems, Ultra-High Performance Liquid Chromatography Systems, Medium-Pressure Liquid Chromatography Systems, Flash Chromatography Systems)
- Other LC Systems
- Gas Chromatography Systems
- Supercritical Fluid Chromatography Systems
- Thin-Layer Chromatography Systems
By End-User Industry
- Columns (Pre-packed Columns, Empty Columns)
- Column Accessories and Consumables (Heaters & Ovens, Guard Holders, Other Column Accessories and Consumables)
- Autosampler Accessories and Consumables (Autosampler Syringes, Sample Needles, Vials, Septa)
- Flow Management Accessories and Consumables (Flowmeters, Flow Splitters, Pumps)
- Chromatography Fittings and Tubing (Tubing, Ferrules and Nuts, Valves and Gauges, Liners and Seals)
- Detectors (LC Detectors (UV Visible PDA Detectors, Refractive Index Detectors, Fluorescence Detectors, Other LC Detectors), GC Detectors (Flame Ionization Detectors, Mass Spectrometry Detectors, Thermal Conductivity Detectors, Other GC Detectors)
- Mobile Phase Accessories and Consumables (Mixers and Mixing Chambers, Degassers, Other Mobile Phase Accessories and Consumables)
- Fraction Collectors
- Pressure Regulators
- Other Accessories and Consumables
- Life Science Industry
- Academic & Research Institutes
- Oil & Gas Industry
- Environmental Agencies
- Food & Beverage Industry
- Other End-user Industries
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.