The global chromatography instrumentation market size is forecasted to be worth USD 11.39 billion by 2026 from USD 8.48 billion in 2021, showcasing a CAGR of 6.06% between 2021 to 2026.
Chromatography is a technique that divides the organic and inorganic compounds of a mixture. In the form of solution or suspension, the mixture passes through a medium where the components move at different speeds. Because of the ability to separate, analyze, and purify molecules effectively, chromatography is used for research. Chromatography is used in various fields, such as the pharmaceutical and biotechnology industry, the food and beverage industry, hospitals and clinics, and environmental agencies. For example, chromatography is used in food and beverage quality control by separating and analyzing vitamines, proteins, additives, amino acids, and preservatives. The use of chromatography instruments has risen for the past 40 years. According to the World Journal of Pharmaceutical Sciences, globally, more than 60% of the chemical analysis are done by chromatography.
MARKET TRENDS:
The extensive use of chromatography technology is the primary driver of the chromatography instrumentation market during the forecast period. The rise in advanced chromatography techniques may lead the market. Moreover, the increase in chromatography in the food safety and pharmaceutical industries is fueling the market. The rise in the requirement for chromatography tests for drug approval is pushing the market to grow.
Additionally, factors such as rising Technological advancements in analytical instruments and investments in pharmaceutical industries are the market's main opportunities. Furthermore, the increase in government and private R&D investments is propelling the Chromatography Instrumentation Market.
The high cost associated with the chromatography instruments is the major restrain to the global Chromatography Instrumentation Market. The lack of skilled professionals is hindering market growth. Moreover, the less availability of the chromatography instruments will hamper the market in the forecast period.
The strict government restrictions would be the main challenge for the Global Chromatography Instrumentation Market. Further, the lack of awareness about the use of chromatography instruments in emerging countries is pulling the market. The presence of alternative analytical techniques is challenging the market growth.
Impact of COVID-19 on the global chromatography instrumentation market:
World Health Organization (WHO) had announced the COVID-19 as a pandemic in March 2020 due to the fast spread of coronavirus, and more than 200 countries have announced a lockdown. The pandemic has shown a negative impact on almost every market globally. The Chromatography Instrumentation Market has also seen a negative impact during the pandemic. The decrease in supply for demand aftermarket services is the primary reason for the market downfall. The lack of workers due to lockdown restrictions had dragged the market. The insufficient funding for R&D and limited operations are challenged the Chromatography Instrumentation Market during the pandemic. Further, the Chromatography Instrumentation Market's key players try their best to come out of this pandemic by introducing new drugs into the market. The Chromatography Instrumentation Market was registering profits after the pandemic.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
Segments Covered |
By System, Consumable, Application, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
This market research report on the global chromatography instrumentation market has been segmented and sub-segmented based on system, consumable, application, and region.
Chromatography Instrumentation Market – By System:
Based on the system, the Liquid Chromatography (LC) Systems is projected to grow at a promising rate during the forecast period. The rise in demand for liquid chromatography systems in different analytical processes is the major factor in market growth. Moreover, the Liquid Chromatography System's wide usage in pharmaceutical and biotechnological companies is boosting the market.
Chromatography Instrumentation Market – By Consumable:
Based on consumables, the column segment accounts for the larger share of the chromatography consumables market. The rise in the requirement for chromatography tests for drug approval is fueling the market. Moreover, the acceleration in demand for prepacked and empty columns in separation processes is the main market growth factor.
Chromatography Instrumentation Market – By Application:
Other application segment accounts for the largest share of the chromatography instruments market, while, Environmental testing is the second large application area. The rise in the adoption of new advanced technology by pharmaceutical companies for better productivity and efficiency helps the market. Moreover, an increase in the use of chromatography techniques for the drug development process fuels the market.
Chromatography Instrumentation Market – By Region:
Geographically, North America is the biggest market in terms of share across the globe, followed by Europe. North America's market is highly driven due to factors like increasing usage of chromatography in the purification of monoclonal antibodies, growing use of chromatography in proteomics, and green chromatography. The technological advancements for better accuracy and efficiency led the market to a higher position. For few years, the chromatography instrument market in the United States has seen solid growth. The United States and Canada's increasing population spending fuel the market growth. The united states have recorded USD 9,638.43 in 2018 and USD 9,863.29 in 2020. At the same time, Canada registered USD 4,715.27 in 2018 and USD 4,937.25 in 2020.
Europe is the second biggest market in terms of market share across the globe. In 2020, the European Chromatography Instrumentation Market registered 2.03 billion; by 2025, the market is estimated to register USD 2.64 Billion at a CAGR of 5.40%. The rise in R&D to develop new and innovative drugs. The major contributors to the European market are UK and Germany. Whereas France, Spain, Italy are estimated to have decent during the forecast period. Expanding the importance of food safety and increasing investments in pharmaceutical research and development activities boost the market growth. Moreover, risk-free government policies attract investors to invest in European countries, which propel the Chromatography Instrumentation Market in coming years.
The Chromatography Instrumentation market in the Asia-Pacific region is projected to grow at the highest CAGR, significantly due to increasing disposable incomes, rising food security awareness, and increasing government funding on biochemical research in countries. The rise in awareness of the chromatography technique in the Asia Pacific is boosting the market. The government policies and increase in R&D investments are significantly fueling the market. Moreover, numerous pharmaceutical companies in countries like India are propelling the Asia-Pacific's Chromatography Instrumentation Market.
NOTABLE MARKET PLAYERS:
Key market participants leading the global chromatography instrumentation market profiled in this report are Thermo Fisher Scientific, Inc., Agilent Technologies, PerkinElmer, Inc., Shimadzu Corporation, Waters Corporation, Novasep Holding S.A.S., Pall Corporation, JASCO, Inc, GL Sciences, Inc., Phenomenex, Inc., GE Healthcare, Becton, Dickinson and Company, Life Technologies Corporation, Pall Corporation, Regis Technologies, Sigma-Aldrich Corporation, Helena Laboratories, Phenomenex, Inc. and Tosoh Corporation.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 System
5.1.1 Introduction
5.1.2 Liquid Chromatography (LC) Systems
5.1.2.1 High-Pressure Liquid Chromatography (HPLC) Systems
5.1.2.2 Ultra-High-Pressure Liquid Chromatography (UHPLC) Systems
5.1.2.3 Flash Chromatography (FC) Systems
5.1.2.4 Medium-Pressure Liquid Chromatography (MPLC) Systems
5.1.2.5 Other Liquid Chromatography Systems
5.1.3 Gas Chromatography (GC) Systems
5.1.4 Supercritical Fluid Chromatography (SFC) Systems
5.1.5 Thin-Layer Chromatography (TLC) Systems
5.1.6 Other System Components
5.1.6.1 Autosamplers
5.1.6.2 Detectors
5.1.6.3 Pumps
5.1.6.4 Vials
5.1.7 Y-o-Y Growth Analysis, By System
5.1.8 Market Attractiveness Analysis, By System
5.1.9 Market Share Analysis, By System
5.2 Consumable
5.2.1 Introduction
5.2.2 Columns
5.2.3 Syringe Filters
5.2.4 Vials
5.2.5 Tubing
5.2.6 Guard columns
5.2.7 Injectors
5.2.8 Y-o-Y Growth Analysis, By Consumable
5.2.9 Market Attractiveness Analysis, By Consumable
5.2.10 Market Share Analysis, By Consumable
5.3 Application
5.3.1 Introduction
5.3.2 Life Sciences
5.3.3 Food & Beverage Testing
5.3.4 Environmental Testing
5.3.5 Other Applications
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By System
6.1.3.3 By Consumable
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By System
6.1.4.3 By Consumable
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By System
6.1.5.3 By Consumable
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Thermo Fisher Scientific, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Agilent Technologies
8.3 PerkinElmer, Inc.
8.4 Shimadzu Corporation
8.5 Waters Corporation
8.6 Novasep Holding S.A.S.
8.7 Pall Corporation
8.8 JASCO, Inc
8.9 GL Sciences, Inc.
8.10 Phenomenex, Inc.
8.11 GE Healthcare
8.12 Becton, Dickinson and Company
8.13 Life Technologies Corporation
8.14 Pall Corporation
8.15 Regis Technologies
8.16 Sigma-Aldrich Corporation
8.17 Helena Laboratories
8.18 Phenomenex, Inc.
8.19 Tosoh Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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