Meticulous Research®, a renowned market research firm, has published its latest report, "Chromatography Market by Product (Systems, Columns, Reagents, Vials, Fittings, Detectors, Pumps, Software), Technology (HPLC, LPLC, Flash Chromatography, GC, TLC), End User (Pharmaceutical, Academic, F&B, Environmental, Hospital) – Global Forecast to 2030." According to the report, the global chromatography market is projected to reach $24.8 billion by 2030, growing at a robust CAGR of 5.4% from 2024.
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Key Market Drivers and Challenges
The growth of the chromatography market is fueled by several factors, including:
Increasing R&D Investments: Pharmaceutical and biotechnology industries are accelerating research and development activities.
Stricter Food Safety Regulations: Advanced chromatography technologies are essential for detecting contaminants.
Technological Advancements: Innovations in chromatography systems are boosting efficiency and applications.
Additionally, emerging economies and the establishment of bioclusters are creating significant growth opportunities. However, market growth is constrained by high equipment costs, a shortage of skilled professionals, and the rising adoption of refurbished systems.
Market Segmentation Insights
The report provides an in-depth analysis of the chromatography market across multiple segments:
Product Segment:
The market is segmented into Systems, Consumables, Components & Accessories, and Software & Services.
Systems Segment: Expected to lead in 2024 due to the popularity of modular and integrated systems. Modular systems are cost-efficient and adaptable, while integrated systems support continuous sample analysis.
Technology Segment:
Liquid Chromatography: Anticipated to dominate, with High-Performance Liquid Chromatography (HPLC) commanding the largest share due to its precision and versatility.
End-User Segment:
Pharmaceutical & Biotechnology Companies: Projected as the largest segment in 2024, driven by the increasing use of chromatography in drug development, quality control, and vaccine production.
Regional Overview
North America is forecasted to maintain its dominance in the chromatography market through 2024, followed by Europe and Asia-Pacific. Key growth drivers in North America include:
Advanced healthcare infrastructure
Robust research activities
Substantial investments in the biopharmaceutical sector
The presence of leading market players further strengthens the region’s market position.
Key Players Shaping the Industry
The report highlights the prominent companies driving innovation in the chromatography market:
Waters Corporation (U.S.)
Shimadzu Corporation (Japan)
Thermo Fisher Scientific Inc. (U.S.)
Agilent Technologies, Inc. (U.S.)
Danaher Corporation (U.S.)
Bio-Rad Laboratories, Inc. (U.S.)
Perkin Elmer, Inc. (U.S.)
Merck KGaA (Germany)
Bruker Corporation (U.S.)
Hitachi, Ltd. (Japan)
Sartorius AG (Germany)
Restek Corporation (U.S.)
Tosoh Corporation (Japan)
These companies are at the forefront of technological advancements and strategic collaborations, shaping the future of the chromatography market.
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