The growth of the chromatography instrumentation market is likely to be the result of increasing demand for high analytical systems for the separation, identification, and purification of components from a mixture. Chromatography emerges as a crucial analytical technique for the qualitative and quantitative analysis of drug molecules during various stages of drug development.
NEWARK, Del, Feb. 09, 2024 (GLOBE NEWSWIRE) — According to Future Market Insights (FMI), the global chromatography instrumentation market is expected to grow from US$ 10.3 billion in 2024 to US$ 17.7 billion by 2034. By 2034, the market is projected to surge at a 5.6% CAGR.
Increased spending on creating pharmaceutical reagents and resins in the biotechnology and pharmaceutical industries is projected to fuel the growth of the chromatography instrumentation market. The rising use of analytical chromatography in environmental labs is further expected to surge the market growth.
Chromatography instrumentation is used in several different industries, such as semiconductors, biotechnology, pharmaceuticals, chemicals, food & beverage, environmental testing, and drug discovery. The factors driving the market include rising investments by key players, increased funding for chromatography technologies, and life science research by governmental bodies.
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Pharmaceutical companies are further concentrating on reducing the cost of conducting new drug research while enhancing detection’s selectivity and resolution. Contemporary chromatography techniques make this feasible and support the market expansion for chromatography instrumentations.
Key Takeaways from the Chromatography Instrumentation Market Report:
- The chromatography instrumentation market is expected to reach a valuation of US$ 17.7 billion by 2034.
- The market is projected to surge at a CAGR of 5.6% by 2034.
- China’s chromatography instrumentation market is expected to grow at a CAGR of 6.2% by 2034.
- The United States is projected to reach a valuation of US$ 3.2 billion in 2034.
- Based on application, the agriculture segment is expected to surge at a CAGR of 5.3% by 2034.
“A key factor that is set to propel the growth of the chromatography instrumentation market is the significance of chromatography in novel drug approvals, new cGMP certification for pharmaceutical excipients, and increasing worries about food safety.” – says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Competitive Landscape from the Chromatography Instrumentation Market:
The report lists key chromatography instrumentation manufacturers as Agilent Technologies, Waters Corporation, Shimadzu Corporation, Thermo Fisher Scientific, and Perkinelmer, Inc. Leading manufacturers and companies are concentrating on introducing cutting-edge liquid chromatography systems and parts. Key companies are concentrating on partnerships, mergers, and acquisitions in order to broaden their market reach.
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For instance,
- In June 2020, Waters Corporation launched the Waters Arc High-performance Liquid Chromatography System.
- In November 2020, PerkinElmer Inc. launched a new UHPLC, HPLC, and next-generation software solution (SimplicityChromTM software and LC 300TM platform).
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global chromatography instrumentation market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the chromatography instrumentation market based on devices (chromatography systems, consumables, accessories), applications (agriculture, pharmaceutical firms, clinical research organizations, environmental testing), and regions.
Top 10 Key Companies Profiled in the Chromatography Instrumentation Market:
- Agilent Technologies
- Waters Corporation
- Shimadzu Corporation
- Thermo Fisher Scientific
- Perkinelmer, Inc.
- Merck KGaA
- Bio-Rad Laboratories
- Restek Corporation
- Gilson, Inc.
- Phenomenex
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Chromatography Instrumentation Market Segmentation by Category
By Devices:
- Chromatography Systems
- Gas Chromatography Systems
- Liquid Chromatography Systems
- Fluid Chromatography Systems
- Thin Layer Chromatography Systems
- Consumables
- Columns
- Solvents/Reagents/Adsorbents
- Syringes/Needles
- Others
- Accessories
- Column Accessories
- Auto-sampler Accessories
- Pumps
- Other Accessories
By Application:
- Agriculture
- Pharmaceutical Firms
- Clinical Research Organizations
- Environmental Testing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About the Healthcare Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the healthcare team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and one million data points, the team has lucidly analyzed the healthcare industry in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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