Chromatography instrument Market: Technology Trends, Opportunities, Competitive Analysis and Challenges for the manufacturers

The chromatography instrument Market was valued at USD 9.04 Billion in 2021, and it is expected to reach USD 13.46 Billion by 2029, exhibiting a CAGR of 5.1% during the forecast period (2022-2029)

Chromatography is a broad term used for laboratory techniques to separate or analyze complex mixtures. According to the World Journal of Pharmaceutical Sciences, over 78% of chemical analysis is done by chromatography instruments globally. The market for chromatography instruments is expected to grow as a result of increased expenditures in the biotechnology and pharmaceutical sectors for the development of pharmaceutical reagents and resins. Analytical chromatography is also used in environmental labs. The ability of chromatography instruments to efficiently separate, analyze, and purify molecules is beneficial in research. Therefore, Chromatography devices are utilized in a variety of sectors, including biotechnology, pharmaceuticals, chemicals, environmental testing, food and beverages, drug discovery, and semiconductors.

The increasing investment and funding for life sciences research, the growing use of chromatography techniques in drug approval, increased funding for chromatography technologies by governmental bodies, various technological advancements, and growing investments by major players in emerging markets are driving the chromatography instrument market.

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Chromatography instrument Market Dynamics:
Benefits of chromatography in the field of new drug development and clinical research
Pharmaceutical firms have been focusing on lowering the cost of new drug research while improving selectivity and resolution for detection, which is possible with modern chromatography methods and helps to fuel the growth of the chromatography instrument market. The importance of chromatography in innovative medication approvals, new cGMP certification for pharmaceutical excipients, and growing food safety concerns are among the primary reasons driving the growth of the chromatography instrument market. However, the high cost of chromatography instrument, the limited availability of these instrument, and stringent norms and regulations for usage are factors hampering the growth of the market.

 
The increasing popularity of hyphenated chromatography techniques
Hyphenation of analytical techniques is one approach adopted by modern pharmaceutical analysts to meet the needs of today’s industry. Multi-dimensional chromatography is a new dimension in the field of hyphenated methods that offers some very substantial improvements in pharmaceutical analysis. Hyphenated techniques combine the power of separation and quantification for greater in-depth analysis, allowing for more complicated issues to be solved. Physical connectivity of the instrument via a compatible interface is used in hyphenated methods. In terms of speed, specificity, and sensitivity, hyphenation significantly improves analysis. The advantages of coupling are most evident in chromatographic separations employing the widely used GC and HPLC techniques. Analytical chemists have given special attention to such combinations for the identification and measurement of complex mixtures. The closed system also reduces the possibility of contamination.

 
Progress in gas chromatography columns for petrochemical applications
Gas chromatography remains the most popular analytical technology in the petroleum business owing to its excellent sensitivity to volatile compounds. Petroleum analysis makes considerable use of specialized gas chromatography columns, with the industry always striving for new columns that increase analytical performance and chromatographic efficiency. Furthermore, modern gas chromatographic systems offer enhanced technology for detecting both finished items and in-process samples. Petroleum analysis makes considerable use of specialized gas chromatography columns, with the industry always striving for new columns that increase analytical performance and chromatographic efficiency. New advancements in GC columns assist in the improvement of petroleum analysis while decreasing instrument downtime and maintenance costs. Because of the high demand for specialized and sophisticated GC columns in the petroleum sector, the successful development of such columns is considered a potential growth avenue for market players.

 
The high cost of chromatography equipment
Chromatography instruments are expensive due to their extensive features and functions. The price of a new instrument varies depending on the application. Chromatography equipment used in the pharmaceutical sector is costly because they use capillary columns to separate substances such as oxygen, hydrogen, and methane. Many similar systems are required in the processes of small and medium-sized firms in the oil and gas, food and beverage, and biotech & pharmaceutical industries, as well as research and academic organizations. As a result, the capital cost of these systems rises significantly. Furthermore, because academic research laboratories have limited budgets, such systems are difficult to obtain. The maintenance costs and other indirect expenses raise the total cost of ownership of this instrument. This limits the adoption of chromatographic accessories and consumables among price-sensitive end users such as research laboratories, academic institutes, and small firms.
Chromatography instrument Market Segment Analysis:
By System, the Liquid Chromatography Systems segment is expected to dominate the Market during the forecast period. Liquid chromatography (LC) is a separation method in which sample ions or molecules are dispersed in a liquid mobile phase. In preparative scale work, conventional LC is widely used to purify and isolate some components of a mixture. Nowadays, liquid chromatography also known as high-performance liquid chromatography often uses very fine packing particles and very high pressure for analytical separations of solutions, detection, and quantification (HPLC).

By Consumables, the Columns segment held the highest revenue share in 2021 and is expected to grow at a CAGR of 5.6% during the forecast period. A significant portion can be attributable to an increase in demand for prepacked and empty columns in various separation processes.

By End User, the life science industry accounted share in the market in 2021 thanks to the multiple uses of chromatography methods throughout the drug development process. Technological developments in chromatography instruments have boosted their adoption in pharmaceutical companies to improve productivity and efficiency.

The Food & Beverage Industries accounted for the highest share of the market in 2021. Chromatography enables the food industry to deliver reliable information on the nutrients in a particular product, among other things. Food manufacturers must maintain high standards because consuming damaged or low-quality food might result in serious sickness. Food producers test their products regularly to ensure that they are safe and fulfill all FDA criteria. Many food firms will do several tests on their products before they arrive in stores, and one of the most essential tests is chromatography. Professionals will use chromatography to separate mixtures and screen the goods for impurities that might contribute to bacterial spoilage.
Chromatography Instrument Market Regional Insights
North America hled largest share of the chromatography instrument market because of increased government spending and research funding in 2021. The presence of significant key players in this region is expected to drive market growth. The European countries have also built well-structured healthcare systems. These systems also promote research and development. These policies encourage global key players in Chromatography instruments to invest in the United States and Canada. Because of their robust healthcare systems, these economies spend a significant portion of their GDP on research and development. These countries are home to a large number of global market companies and research laboratories that largely use chromatography instrumentation. The market is likely to grow further as demand is fulfilled by the presence of global businesses in the region.

Asia Pacific Chromatography instrument market is expected to grow at the fastest CAGR throughout the forecast period. Environmental protection activities and strategic expansions by key players, growth in biomedical and medical research and an increase in awareness about chromatography, and government initiatives supporting the growth of the pharmaceutical industry are driving the growth of the Asia Pacific chromatography instrument market. Furthermore, the current COVID-19 outbreak in the region has increased the patient pool, increasing R&D activity. Increasing investments in drug development are thus likely to drive the growth of the APAC chromatography instrument market.
Research Methodology
The bottom-up approach has been used to estimate the market size of the global Chromatography instrument industry. Primary and secondary data collection methods have been used to collect the data. The report also covers Extensive company profiles comprising of company overview, company insights, Key benchmarking, and SWOT analysis for the major market players. Secondary sources include paid sources, annual reports of key players, and manufacturing associations of industrial robotics. Detailed secondary sources are provided in the report. Primary interviews were carried out with stakeholders in the industry that including manufacturers, end users, and consultants. A combination of secondary and primary data collection made this report authentic.
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Chromatography instrument Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 9.04 Bn.


Forecast Period 2022 to 2029 CAGR:
5.1%
Market Size in 2029:
US $ 13.46 Bn.


 Segments Covered:
by System
• Liquid Chromatographic Systems
• Gas Chromatographic Systems
• Ion Chromatographic Systems


by Consumables
• Columns
• Syringe Filters
• Vials
• Tubing
• Others


by Accessories
• Detectors
• Autosamplers
• Pumps and flow meters
• Fraction Collectors
• Others


by End-User
• Pharmaceutical & Biotechnology Industries
• Academics and Research Institutes
• Life science industry i
• Food & Beverage Industries
• Hospitals/Clinics
• Environmental Agencies
• Others



Chromatography instrument Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Chromatography instrument Market Key Players
• Agilent Technologies Inc.
• Centurion Scientific
• Chromatotec
• Dani Instrument
• E-Chrom Tech Co. Ltd.
• Falcon Analytical System And Technologies
• Gl Sciences
• Leco Corporation
• Merck KGAA
• MNM View
• Oi Analytical
• Perkinelmer Inc.
• Phenomenex
• Products Offered
• Restek Corporation
• Scion Instrument
• Shimadzu Corporation
• Skyray Instrument
• Sri Instrument
• Thermo Fisher Scientific Inc.
• Trajan Scientific
• Valco Instrument Company Inc. (Vici)

FAQs:

1. Which is the potential market for Chromatography instrument in terms of the region?
Ans. In the Asia Pacific region, Environmental protection activities and strategic expansions by key players, growth in biomedical and medical research and an increase in awareness about chromatography, and government initiatives supporting the growth of the pharmaceutical industry are expected to drive the market.

2. What is expected to drive the growth of the Chromatography instrument market in the forecast period?
Ans. The benefits of chromatography in the field of new drug development and clinical research are a major factor driving the market growth during the forecast period.

3. What is the projected market size & growth rate of the Chromatography instrument Market?
Ans. The chromatography instrument Market was valued at USD 9.04 Billion in 2021, and it is expected to reach USD 13.46 Billion by 2029, exhibiting a CAGR of 5.1% during the forecast period.

4. What segments are covered in the Chromatography instrument Market report?
Ans. The segments covered are systems, Consumables, Accessories, End User, and region.