Chromatography Reagents Market Projected to Reach $9.7 Billion by 2030: Meticulous Research® Study Reveals

[Redding, California, 16-02-2024] - Meticulous Research®, a premier provider of market intelligence, has unveiled its latest research report titled, 'Chromatography Reagents Market by Type (GC, LC, TLC), Product (Solvents, Buffers, Reagents), Separation (Adsorption, Partition, Affinity), Application (Pharma, Forensic, Environmental, Cosmeceuticals, Diagnostics, QC), End User-Global Forecast to 2030.' This insightful study forecasts the chromatography reagents market to surge to $9.7 billion by 2030, exhibiting a robust CAGR of 5.7% from 2023 to 2030.

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The growth trajectory of the chromatography reagents market is underpinned by various factors, notably the escalating R&D investments in pharmaceutical and biotechnology sectors, concerted efforts towards environmental sustainability, heightened regulatory emphasis on food safety and quality, and the burgeoning biopharmaceuticals landscape. Nevertheless, challenges such as the high cost of chromatography reagents and safety concerns associated with flammable reagents pose some constraints to market expansion.

Leading players in the chromatography reagents market landscape, as profiled in the report, include industry stalwarts such as Bio-Rad Laboratories, Inc. (U.S.), Waters Corporation (U.S.), Santa Cruz Biotech, Inc. (U.S.), Merck KGaA (Germany), and Thermo Fisher Scientific, Inc. (U.S.), among others.

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The comprehensive report segments the chromatography reagents market based on Chromatography Type (GC, LC, TLC), Product Type (Solvents, Buffers, Derivatization reagents, Ion-Pair reagents), Separation Method (Adsorption, Partition, Ion-Exchange, Size Exclusion, Affinity), Application (Pharmaceutical and Biotechnology Applications, Cosmeceutical Applications, Environmental Testing, F&B Testing, Petrochemical Analysis, Forensic Testing, Clinical Diagnostics, Research & Academic Applications), and End User (Academic & Research Institutes, CROs and CMOs, Pharmaceutical & Biotechnology Industry, Food and Beverages Industry, Hospitals & Diagnostic Laboratories, Other End Users), providing valuable insights into industry dynamics.

Key highlights from the report indicate the dominance of liquid chromatography in 2023, owing to its versatility, precision, and rapid results delivery across various industries including pharmaceuticals, food and beverage, and environmental testing. Similarly, solvents emerge as the frontrunner in product type, facilitating seamless sample movement and precise separation in diverse applications such as air quality testing and component identification.

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Moreover, the report underscores the burgeoning growth of the adsorption segment in separation methods, driven by its pivotal role in protein purification, antibiotics isolation, and carbohydrate identification across pharmaceutical and food sectors. Additionally, the pharmaceutical and biotech segment emerges as a major market contributor, propelled by increasing demand for innovative therapies and substantial investments in R&D.

Geographically, North America is poised to maintain its lead in the chromatography reagents market, buoyed by robust R&D infrastructure, a well-established healthcare ecosystem, and supportive government initiatives.

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