Chromatography Accessories and Consumables Market will rise to US$ 15.0 Billion by 2023

Chromatography is the most widely used technique for separation of mixtures. Chromatography accessories and consumables constitute instruments and laboratory equipment which together complement chromatography systems. The technological development over the years in the field of analytical technology has eventually increased the accuracy and precision of chromatography techniques. The rising demand for quality and purity of various chemicals and active pharmaceutical ingredients (APIs) is supplementing the market growth of chromatography accessories and consumables market. Increased availability and acceptability of chromatography accessories and consumables would further boost the growth of the market in the near future. Various applications of chromatography techniques are across industries such as pharmaceutical drug discovery (pharma companies, life science research, CROs, etc.), food and beverage, forensics, oil & gas, chemicals, sports, polymers, and medicine.

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Chromatography accessories and consumables market has been segmented based on the product type and end users. The product segments include chromatography media/resins; columns and column accessories; chromatography detectors and accessories; chromatography filters; solvents, buffers and adsorbents; and other accessories and consumables. The end users of chromatography accessories and consumables includes academics and research; hospitals and diagnostic laboratories; pharmaceuticals; food and agriculture; and others. Solvents, buffers and absorbents segment was observed as the largest and fastest growing product segments in chromatography accessories and consumables market. The key factor responsible for its market dominance and significant growth is increasing demand for solvents, buffers and adsorbents from pharmaceutical and research industries globally and recurring demand for continuing existing operations by the biopharmaceutical and biotechnology companies. In the end-users market, pharmaceuticals was the largest segment. The major factors driving the pharmaceutical chromatography accessories and consumables market are high prevalence and increasing incidences of several chronic diseases, potential drug discovery and development activities, and increased government funding toward R&D activities, especially in health care.

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The geographical segmentation of chromatography accessories and consumables market include North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America chromatography accessories and consumables market accounted for largest share i.e. 40.2% of the global market in 2014. The major factors driving the growth of the North America chromatography accessories and consumables market are well established research infrastructure, high demand for new and innovative products, increasing chromatography application areas such as medicine, forensics, and cosmetics and increased government support for R&D activities. Asia Pacific chromatography accessories and consumables market is the fastest growing region during the forecast period 2015 to 2023. Improving economic condition and infrastructure especially in health care, growing number of R&D activities, increasing demand for innovative chromatography products and expansion of global companies in the region is expected to drive the market with significant growth in the near future.

The key players operating in chromatography accessories and consumables market are Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., GE Healthcare, EMD Millipore, Pall Corporation, PerkinElmer, Inc., Phenomenex, Thermo Fisher Scientific, Inc., Shimadzu Corporation, Sigma-Aldrich Corporation, Tosoh Corporation, and Waters Corporation. In terms of revenue it was observed that Waters Corporation held the largest share of the global chromatography accessories and consumables market in 2013. The key market players are actively involved in constant innovations and developments related to technology and application to maintain their positions in the global chromatography accessories and consumables market.

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