Chromatography is a laboratory technique used to separate the components or solutes of a mixture between two phases, a stationary phase and a mobile phase. It relies on differences in polarity, charge, or size to separate biological molecules, chemical compounds, and other substances. The growing applications of chromatography techniques in various end-use industries such as food and beverage testing, environmental testing, and life science research and development have resulted in the increased demand for chromatography systems and supporting consumables.
The global chromatography market is estimated to be valued at US$ 11702.77 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Emerging applications of chromatography techniques in various areas of life sciences research such as drug impurity detection, genomics, proteomics, and metabolomics is one of the key trends fueling market growth. Chromatography helps in identification and quantification of complex biological molecules such as peptides, proteins, and metabolites. It enables separation, identification and purification of components and is widely used technique in pharmaceutical and biotechnology industries during research and development as well as manufacturing of biotherapeutics. Growing investments in development of advanced chromatography instruments by key players to cater to the emerging demand from life sciences industry will further propel the market growth over the forecast period.
SWOT Analysis
Strength: Chromatography has wide applications in separation and purification of substances in industries like pharmaceuticals, biotechnology and food processing. It provides high accuracy and precision in analysis.
Weakness: Chromatography instruments require skilled professionals for operation and maintenance. High costs associated with instruments limits its usage in small-scale labs.
Opportunity: Growing biopharmaceutical industry is driving demand for advanced chromatography techniques for drug discovery and development. Rapid diagnostics offer growth opportunities.
Threats: Availability of other separation techniques poses competition. Strict environmental regulations hamper certain chromatography processes.
Key Takeaways
The Global Chromatography Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
North America is currently the largest regional market for chromatography. Growing demand from pharmaceutical and biotechnology industries in the region is anticipated to drive market growth further.
Key players operating in the chromatography market are Thermo Fisher Scientific Inc., Agilent Technologies, Inc., SHimadZu Corporation, Waters Corporation, Affymetrix, Inc., Siemens Healthcare, Illumina Inc., Horiba Limited, PerkinElmer, Inc., Life Technologies, Protagen AG, Roche Diagnostics Limited, Malvern Panalytical, Tosoh Corporation, Polymer Char, and Potsnova Analytics. Thermo Fisher Scientific and Agilent Technologies dominate the market with their broad product portfolios.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.