Global Chromatography Market: Rising Demand in Pharmaceutical & Biotech Industries
The global chromatography market size was valued at $8,706.00 million in 2020 and is projected to reach $15339.60 million by 2030 registering a CAGR of 5.80% from 2021 to 2030.
Allied Market Research released a report on the mobile gamma cameras industry, which provides drivers, opportunities, and challenges. The global chromatography market size was valued at $8,706.00 million in 2020 and is projected to reach $15339.60 million by 2030 registering a CAGR of 5.80% from 2021 to 2030.
Chromatography is a widely used technique to separate, purify, and analyze compounds in various fields. It separates the components of a mixture based on their distribution between a mobile phase that involves a fluid that passes through the system while carrying the sample with it and a stationary phase that stays constant. Chromatography is applied in biotechnology, pharmaceutical, diagnostics, food industry, genetic industry, water analysis, forensic science, drug discovery, and other sectors.
Rise in chromatography adoption in various fields is expected to drive the growth of the chromatography market. An increase in hyphenated techniques of chromatography such as LC-NMR, LC-MS, and LC-FTIR is expected to fuel the growth of the market. However, the high cost of the equipment and shortage of skilled operators to handle chromatography instruments hamper the growth of the market. Presence of alternative technologies such as high-resolution ultrafiltration, precipitation, crystallization, membrane chromatography, capillary electrophoresis, and others hinders market growth.
Advancements in gas chromatography columns and increased adoption of R&D in cancer and petrochemical applications are expected to provide lucrative opportunities for the growth of the chromatography market.
The report offers a thorough analysis of the chromatography domain with a detailed analysis of various key companies operating in the industry. It studies the current situation and offers an overview of future developments in the sector. The driving factors, restraints, and opportunities are studied in industry dynamics.
Important questions answered
- What are the key factors driving the growth of this industry?
- Which companies are the leading players in the domain?
- Which region leads the chromatography industry?
- What are the factors that restrain the growth of the sector?
Developments and innovations
Advancements in chromatography are expected to make it an essential tool in scientific analysis. The integration of AI improves system performance in real time and automates calibration, which enhances the accuracy and efficiency of the chromatography techniques. Improvements in detector technology and high-throughput systems offer scalability, which leads to increased throughput requirements.
Microfluidic chip-based columns have been introduced to provide exceptional scalability for proteomic workflows and address the demand for higher throughput.
Cloud based solutions enable remote monitoring, seamless sharing of data, and consistency in workflows across all the sites globally, which enhance collaboration and coordination among researchers.
Miniaturization includes using micro and nano scale compact systems that reduce sample and solvent consumption, which offer faster analysis and potential for point-of-care applications. Innovations are being focused on sustainability and environment-friendly initiatives such as reduced energy consumption and less solvent use.
List of key players
Key players studied in the chromatography sector include:
- Agilent Technologies
- Danaher Corporation
- Bio-Rad Laboratories
- Merck KGAA
- PerkinElmer, Inc.
- Hitachi Ltd.
- Shimadzu Corporation
- Restek Corporation
- Thermo Fisher Scientific, Inc.
- Waters Corporation
These players have adopted various strategies such as product launch, agreement, collaboration, and others to stay competitive in the sector. They are forming partnerships with healthcare providers, to emphasize clinical efficacy and cost-effectiveness.
Conclusion
The chromatography technique has transformed the way researchers analyze and separate mixtures. Laboratories are expected to gain a competitive edge by adopting advancements such as AI, miniaturization, cloud computing, and sustainability. The chromatography report by AMR analyzes and offers a study of the various aspects of the sector. It provides necessary information to the stakeholders and new industry entrants that seek a thorough analysis and understanding of the industry scenario.