The global chromatography instruments market is expected to reach USD 11.96 billion by 2027 from USD 8.60 billion in 2020, at a CAGR of 3.6 %. Chromatography is a commonly used technique in the pharmaceutical and biotechnology industries among various other industrial areas, in the process of analysing, separating, and purifying biomolecules. Chromatography instruments are used in these processes where biocomponents are to be separated, and ultimately distributed in two phases - stationary (solid or liquid supported on solid) and mobile (liquid or gas). The global market for chromatography instrumentation is mainly driven by the increasing need for these systems in research laboratories across a wide range of end user entities.
Growing demand for chromatography instrumentation across food & beverage, diagnostics, pharma, drug discovery, genetic engineering, and water analysis, is expected to propel the growth of the market in the coming years. The chromatography instrumentation market is rapidly moving towards innovative methods of minimizing the impact of chemical synthesis on the environment and the overall ecosystem.
This is giving rise to the trend of green chromatography, and consequently, the usage of nanomaterials across the chromatography instrumentation market is expected to increase. Leading players are investing heavily in research & development to discover chromatography methods that can reduce the production of pollutant waste during any chromatographic analysis is carried out.
The implementation of chromatography instruments is increasing in the process of monoclonal antibody purification, and this is triggering new growth opportunities for stakeholders in the chromatography instrumentation market.
However, such advancements in the landscape are triggering the need for highly trained personnel to operate the new chromatography instruments in order to ensure their efficient use. In addition, while the need for skilled operators continues to impact the adoption of next-generation chromatography instruments, high cost of these new systems coupled with economic slowdown may contribute as the hindrance for the market growth.
Key industries operating the chromatography instruments market includes Agilent technologies, THERMO- FISHER SCIENTIFIC incorporated, PerkinElmer Incorporated, Shimadzu Corporation, Novasep Holdings S.A.S., PALL corporation, Jasco Incorporated, GL Sciences Incorporated, PHENOMENEX Inc., and Waters corporation. Technological advancements and government funding for research and development is helping the new players to invest in the chromatography instrument market.
Based on the geographical factors, the chromatography instrumentation market is broadly divided into seven regions - North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Positive growth avenues in the chromatography instrumentation market in North America are expected to drive the immense growth of the regional market in the foreseeable future, followed by that in the European Union. With the increasing research & development activities in the North American region, as the governing bodies are bolstering funding for research and innovation.
In addition to this, the pharmaceuticals industry is also rapidly moving towards accelerating drug discovery activities along with the rising number of conferences on biologics and chromatography in the region. This will further give a new direction to the growth of the North American market for chromatography instrumentation in the coming years. While the developed regions are dominating the global chromatography instrumentation market with the domain expertise they have, developing countries are expected to gain momentum in the market.
Developing as well as emerging economies in the Asia Pacific region such as India, Singapore, Vietnam, and China, as well as Japan, are exhibiting exceptional growth prospects for market players, especially with the increasing growth of the pharmaceuticals industry in the region. Leading pharma companies are amplifying their investments in the drug outsourcing and chromatography reagent development landscape, and this is expected to give a push that the chromatography instrumentation market in the region has needed for years.
Growing demand for chromatography instrumentation across food & beverage, diagnostics, pharma, drug discovery, genetic engineering, and water analysis, is expected to propel the growth of the market in the coming years. The chromatography instrumentation market is rapidly moving towards innovative methods of minimizing the impact of chemical synthesis on the environment and the overall ecosystem.
This is giving rise to the trend of green chromatography, and consequently, the usage of nanomaterials across the chromatography instrumentation market is expected to increase. Leading players are investing heavily in research & development to discover chromatography methods that can reduce the production of pollutant waste during any chromatographic analysis is carried out.
The implementation of chromatography instruments is increasing in the process of monoclonal antibody purification, and this is triggering new growth opportunities for stakeholders in the chromatography instrumentation market.
However, such advancements in the landscape are triggering the need for highly trained personnel to operate the new chromatography instruments in order to ensure their efficient use. In addition, while the need for skilled operators continues to impact the adoption of next-generation chromatography instruments, high cost of these new systems coupled with economic slowdown may contribute as the hindrance for the market growth.
Key industries operating the chromatography instruments market includes Agilent technologies, THERMO- FISHER SCIENTIFIC incorporated, PerkinElmer Incorporated, Shimadzu Corporation, Novasep Holdings S.A.S., PALL corporation, Jasco Incorporated, GL Sciences Incorporated, PHENOMENEX Inc., and Waters corporation. Technological advancements and government funding for research and development is helping the new players to invest in the chromatography instrument market.
Based on the geographical factors, the chromatography instrumentation market is broadly divided into seven regions - North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Positive growth avenues in the chromatography instrumentation market in North America are expected to drive the immense growth of the regional market in the foreseeable future, followed by that in the European Union. With the increasing research & development activities in the North American region, as the governing bodies are bolstering funding for research and innovation.
In addition to this, the pharmaceuticals industry is also rapidly moving towards accelerating drug discovery activities along with the rising number of conferences on biologics and chromatography in the region. This will further give a new direction to the growth of the North American market for chromatography instrumentation in the coming years. While the developed regions are dominating the global chromatography instrumentation market with the domain expertise they have, developing countries are expected to gain momentum in the market.
Developing as well as emerging economies in the Asia Pacific region such as India, Singapore, Vietnam, and China, as well as Japan, are exhibiting exceptional growth prospects for market players, especially with the increasing growth of the pharmaceuticals industry in the region. Leading pharma companies are amplifying their investments in the drug outsourcing and chromatography reagent development landscape, and this is expected to give a push that the chromatography instrumentation market in the region has needed for years.
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