Chromatography is a laboratory technique used to separate mixtures by exploiting differences in chemical or physical properties between their components. It has major applications in fields like pharmaceuticals, food and beverage testing, petrochemicals, environment testing and forensic applications. Chromatography equipment find extensive applications in isolation and purification of components from samples like drugs, natural products and biomolecules for research purposes in pharmaceutical and biotechnology industries.

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 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics
Increasing demand from pharmaceutical and biotechnology industry remains a key driver for the global chromatography market growth over the forecast period. According to data published by GlobalData, the global pharmaceutical industry R&D spend increased to US$209 billion in 2021, up by 4.4% from 2020, indicating rising investments in drug discovery and development programs. Chromatography techniques play vital role during these processes, facilitating purification and analysis of new drug molecules. The usage of chromatography techniques like HPLC, GC, Ion exchange and size exclusion chromatography is growing across drug development stages like lead identification and optimization, preclinical and clinical trials, thereby ensuring continued demand for chromatography equipment and consumables over the coming years. However, high costs associated with chromatography equipment and maintenance remains a key challenge.

SWOT Analysis

Strength: Chromatography Market has highly sensitive and accurate techniques such as chromatography for analysis of gases, liquids and separate complex mixtures. It provides precise analysis of biological and environmental samples down to a molecular level. Chromatography techniques ensure high resolution and separation for substances that differ only slightly in their physical or chemical properties.

Weakness: Initial high investment is required to set up the chromatography equipment and systems which can be financially challenging for new entrants. Chromatography techniques involve complex procedures and require skilled professionals to operate which increases operational costs.

Opportunity: Growing demand for chromatography equipment from industries such as healthcare, food and beverages testing provides huge growth opportunities. Technological advancements in chromatography systems result in miniaturized, automated and high throughput equipment widening its application scope. Increasing R&D activities and clinical trials across the globe fuel the market growth.

Threats: Availability of substitutes such as spectroscopy and calorimetry techniques pose threat to chromatography market. Stringent regulatory approval procedures and safety regulations delay product commercialization. Economic slowdowns and budget constraints in major markets hamper capital investments.


Key Takeaways

The Global Chromatography Market Size is expected to witness high growth. The market size for 2023 is US$ 11702.77 Mn with forecast period between 2023 to 2030 witnessing a CAGR of 4.8%.

Regional analysis: North America dominates the chromatography market owing to extensive research and clinical activities. Growing healthcare spending, presence of leading market players and advanced laboratories drive the regional market. Asia Pacific is the fastest growing region on account of increasing generics production, expanding biopharmaceutical industry and favorable government support.

Key players: 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 holds the leading market share attributed to its diverse chromatography product portfolio and global presence.

For More Insights, Read: https://www.trendingwebwire.com/chromatography-market-trends-growth-and-regional-outlook-2023-2030/