The size of the Chromatography Instrumentation market in Latin America has been estimated at USD 0.80 Billion in 2022. It is projected to reach USD 1.10 Billion by 2027, at a CAGR of 6.6% from 2022 to 2027.
Growing significance in incrementing demand for portable instruments, increasing R&D activities for chromatography systems and instruments for the sake of protein purification are boosting the market in this region. Easy availability of the advanced systems, climbing for automated separation procedures, and introducing new products are influencing the market demand. An increasingly wide range of chromatography applications used in pharmaceutical, food, and beverage industries, and advancements in technologies in improving more exact and effective systems are trying to add fuel to the market growth. The pharmaceutical companies are observed to have immense growth over the chromatography instrumentation market because of epidemic novel COVID-19.
Since the cost associated with these instruments is very high, it is expected to impact market growth negatively. The dearth of skilled labor and operators and lack of awareness about the automated systems are confining the industry growth. Availability of very few instruments, strict rules and guidelines for the utilization of these advanced systems and instruments hinder the market growth.
This research report on the Latin American Chromatography Instrumentation market has been segmented and sub-segmented into the following categories:
Based on consumables, the column segment accounts for the larger share of the chromatography consumables market.
Based on application, the other application areas account for the largest share of the chromatography instruments market, while, Environmental testing is the second large application area.
Regionally, the Chromatography Instrumentation market in the Latin America region is projected to grow at a high CAGR, which is greatly due to increasing government funding, rising environmental monitoring and safety concerns, and augmenting applications biotechnology instruments in applied markets. Increasing requirements of these automated systems among the research laboratories, food and beverage, and many more are likely to generate more business. The pharmaceutical industries are investing huge capital for the research and development activities, and incrementing monetary expenses for the research activities is likely to impel the growing business demand.
The Brazilian market is predicted to grow during the forecast period in this regional market significantly. Easy availability of government and non-government funds for the research studies in chromatography, augmenting food safety issues, and escalating regular drug approvals using chromatography procedures foster the market.
The Mexican market is expected to have quick growth in the chromatography market. Enhancing economic conditions and government initiatives for biotechnology and life-sciences domains and technology and healthcare reforms accelerates business demand. With the wide use of chromatography technology among the instruments, manufacturing industries are focusing on decreasing the price of the novel drug developments, enhancing their resolution for detection using the possibility of advanced techniques of chromatography majorly influencing the industry growth the assessment time. Developments in clinical and diagnostics are projected to have quick growth opportunities in the market, influencing market growth.
Companies dominating the LATAM Chromatography Instrumentation market profiled in this report are Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Agilent Technologies, Shimadzu Corporation, Novasep Holding S.A.S., Waters Corporation, Pall Corporation, JASCO, Inc, Phenomenex, Inc., GE Healthcare, GL Sciences, Inc., Becton, Dickinson and Company, Pall Corporation, Regis Technologies, Life Technologies Corporation, Sigma-Aldrich Corporation, Phenomenex, Inc., Helena Laboratories and Tosoh Corporation.
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