Chromatography Market to be Worth $24.8 Billion by 2030

[Redding, California 25-01-2024] - Meticulous Research®, a renowned leader in market research, has recently published an in-depth report titled, 'Chromatography Market by Product (Systems, Columns, Reagents, Vials, Fittings, Detectors, Pumps, Software), Technology (HPLC, LPLC, Flash Chromatography, GC, TLC), End User (Pharmaceutical, Academic, F&B, Environmental, Hospital) - Global Forecast to 2030.'

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The report projects the chromatography market to soar to $24.8 billion by 2030, with a noteworthy CAGR of 5.4% from 2023 to 2030. The surge is fueled by heightened R&D investments in pharmaceutical and biotechnology sectors, escalating concerns about food safety necessitating precise identification of contaminants, technological breakthroughs in chromatography, and a global push for policies reducing environmental pollution. Despite these growth drivers, the market faces challenges such as the substantial cost of instruments. Nevertheless, emerging economies and the establishment of bioclusters present promising opportunities for market expansion. However, obstacles like the scarcity of skilled professionals and the widespread adoption of refurbished instruments pose considerable challenges for market growth.

Key Market Players

Leading the charge in the chromatography market are prominent players including Waters Corporation (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Perkin Elmer, Inc. (U.S.), Merck KGaA (Germany), Bruker Corporation (U.S.), Hitachi, Ltd. (Japan), Sartorius AG (Germany), Restek Corporation (U.S.), and Tosoh Corporation (Japan).

Market Segmentation

The chromatography market is meticulously segmented based on Product (Systems, Consumables, Components & Accessories, Software & Services), Technology (Liquid Chromatography, Gas Chromatography, Thin Layer Chromatography, Other Chromatography Technologies), and End User (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Food & Beverage Companies, Environmental Testing Laboratories, Hospital & Diagnostics Laboratories, Oil & Gas Industries, Other End Users), along with a thorough evaluation of industry competitors and an analysis of regional and country-level markets.

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Segment Highlights

Within the report, the Systems segment is poised to dominate the chromatography market in 2023, attributing its success to the presence of integrated modular systems adaptable to diverse purposes. The customizable nature of modular chromatography systems makes them a preferred choice for budget-conscious operators, while integrated systems, equipped with built-in modules, are favored for applications requiring continuous sample analysis.

In terms of technologies, the Liquid Chromatography segment is expected to claim the largest share in 2023 due to its widespread use and efficacy in separating and analyzing various compounds. The High-Performance Liquid Chromatography (HPLC) sub-segment is projected to lead the liquid chromatography market.

The End User segment highlights that in 2023, the pharmaceutical & biotechnology companies segment is expected to dominate the market. This is attributed to the increased adoption of chromatography systems for applications such as drug discovery, quality control, and vaccine research, driven by escalating investments in pharmaceutical R&D.

Geographic Insights

The comprehensive research report delves into major geographies, offering a detailed analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. The forecast for 2023 predicts North America to lead the chromatography market, closely followed by Europe and Asia-Pacific. Factors such as a well-established healthcare system, regional emphasis on academic and research studies, the prevalence of chronic diseases, increased venture capital funding for the biopharmaceutical sector, and the presence of key companies contribute to North America's dominant market share.

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In conclusion, Meticulous Research® remains committed to providing invaluable insights into the chromatography market, ensuring industry stakeholders are equipped with the latest information to make informed decisions and drive strategic growth.

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This release was published on openPR.