The size of the Chromatography Instrumentation market in North America is expected to reach USD 4.75 billion by 2028 from USD 3.63 billion in 2023, growing at a CAGR of 5.6%. The growing use of chromatography techniques has resulted in a rise in demand in the North American chromatography instrumentation market.
The Chromatography Instrumentation market in North America is forecasted to show tremendous potential over the mentioned period. The market has continued to gain momentum with rigorous research and development in the chromatography sector. There has been a rise in the number of companies showing interest in the market lately, and the trend is expected to continue.
The growing need for chromatographic instrumentation due to the ever-increasing concern for food safety, policies, and initiatives to reduce environmental pollution; and the increasing importance of chromatography testing in the drug approval process is expected to drive the market growth in the coming years. These factors have been the main drivers for the development of this market. Besides, the growing demand for chromatography instruments in various research procedures and the rise of the proteomics and genomics market is expected to drive the market growth in the coming years. The United States accounted for more than 70 % of the chromatography instrumentation market in North America and is expected to experience steady growth during the forecast period. Trends in advanced scientific research and wide variations in the adoption of advanced technology instruments drive the growth of the chromatographic instrumentation market in the United States. Government policies and funding, such as that of the National Institutes of Health, stimulate market growth. Besides, the United States has a high budget allocation for research and development, compared to other countries.
A low success rate in biotechnological research, global economic slowdown, and the elevated cost of chromatography instruments are vital factors that are expected to hinder the growth of the worldwide chromatography instrumentation market in the future.
This research report on the North America Chromatography Instrumentation Market has been segmented and sub-segmented into the following categories:
Geographically, the North American market was the global market leader in 2019 and is estimated to continue the same trend throughout the forecast period. Technological advancements in developing more accurate and efficient systems have also contributed to the growth of the market. The United States is anticipated to be the largest chromatographic instrumentation market in North America, followed by Canada. The chromatography instrument market in the United States has experienced strong growth during the evaluation years. The chromatography instrument market, which primarily includes chromatography systems, detectors, autosamplers, and fraction collectors, is an essential part of the drug approval process and will do so in the years to come. Besides, increasing population spending in countries like the United States and Canada further stimulates the growth of this industry. The health expenditure per capita based on the purchasing power parity (PPP) in the United States rose significantly from USD 9,638.43 in 2018 to USD 9,863.29 in 2020, while it went from USD 4,715.27 in 2018 to USD 4,937.25 in 2020 in Canada, according to the World Health Organization.
Companies playing a dominant role in the North America 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.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: email@example.com