Press release
Chromatography Data Systems Market Poised to Reach $1.7 Billion by 2030
Chromatography Data Systems Market
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Enhanced Demand Driven by Stringent Food Safety Regulations and Quality Testing
Stringent food safety regulations worldwide aim to ensure safe food production and distribution across the supply chain. Notably, the FDA Food Safety Modernization Act (FSMA) in the U.S. and stringent European food laws exemplify the commitment to public health through rigorous regulation of food ingredients. Consequently, chromatography techniques play a pivotal role in identifying food components, thereby maintaining compliance with regulatory standards.
Food & beverage companies increasingly leverage chromatography to analyze products for nutrients, preservatives, and contaminants, thereby ensuring nutritional quality and safety. This heightened utilization of chromatography techniques for food quality assessment bolsters the demand for chromatography data systems, facilitating streamlined workflow management.
Pharmaceutical companies are investing heavily in R&D and expanding their pharmaceutical manufacturing facilities to meet the growing market demand. The increasing R&D investments in the pharmaceutical industry increase the commercialization of new drugs. According to the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), R&D investments in the pharmaceutical industries in the U.S. and Europe have grown considerably. As of 2020, the number of drugs developing cancer, immunology, neurology, and infectious diseases was estimated at ~6,900. As the chromatography technique is used in the drug development phase, the increase in R&D activities is expected to increase the chromatography data, leading to the adoption of chromatography data systems.
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Market Segmentation and Growth Drivers
The chromatography data systems market is segmented by product (standalone software and integrated software), delivery mode (on-premise and cloud/web-based), end user (academic & research institutes, pharmaceutical & biotechnology industries, food & beverages industry, environmental testing, and other end users), and geography. Noteworthy growth drivers include:
Integrated Software Segment: Projected to witness the highest CAGR, driven by its ability to seamlessly integrate with other informatics solutions, ensuring data traceability and eliminating redundant data entry.
Cloud/Web-Based Segment: Anticipated to register notable growth owing to benefits such as accessibility, enhanced data security, privacy, and cost-effectiveness.
Pharmaceutical & Biotechnology Industries: Expected to dominate the end-user segment in 2023, attributed to the increasing adoption of chromatography for various applications including drug formulation, purity analysis, and clinical studies.
Geographical Insights
The report analyzes major geographies including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Notably, North America is poised to command the largest share of the chromatography data systems market, propelled by increased R&D expenditure and robust healthcare infrastructure.
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Key Players
Key players shaping the chromatography data systems market include Advanced Chemistry Development, Inc. (Canada), Shimadzu Corporation (Japan), Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Waters Corporation (U.S.), and more.
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