As per research conducted by Allied Market Research, the global chromatography market size was valued at $8.70 billion in 2020 and is projected to reach $15.33 billion by 2030 registering a CAGR of 5.80% from 2021 to 2030. The report offers an extensive analysis of changing market trends, top segments, major investment pockets, regional scenarios, value chain, and competitive landscape.
Flood in utilizations of chromatography in different fields, ascend in reception of chromatography in drug disclosure cycle, and development in prevalence of joined chromatography methods drives the development of the worldwide chromatography market. Be that as it may, Significant expense of chromatography hardware, Absence of sufficient talented experts and Presence of elective advancements to chromatography frustrate the market development. Then again, progression in gas chromatography sections for petrochemical applications and reception of chromatography in Research and development in malignant growth present new open doors before long.
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Increase in applications of chromatography in various fields such as pharmaceutical industries, chemical, and food industry, environmental testing laboratories, forensic science as well as growth in adoption of chromatography techniques in drug discovery process are principle driving factors, which boost the growth of the chromatography market. In addition, growth in popularity of hyphenated chromatography techniques LC-MS, GC-MS, LC-NMR, and LC-FTIR further fuel growth of the market. However, high cost of chromatography equipment, and shortage of skilled professionals to operate chromatography instruments, are some key challenges that hinder the growth of the market. In addition, presence of alternative technologies to chromatography such as precipitation, high-resolution ultrafiltration, crystallization, high-pressure refolding, charged ultra-filtration membranes, protein crystallization, capillary electrophoresis, aqueous two-phase extraction, three-phase partitioning, monoliths, and membrane chromatography also hamper the growth of the market. On the contrary, advancement in gas chromatography columns for petrochemical applications, and adoption of chromatography in R&D in cancer creates an opportunity for the manufacturers to tap and capitalize on the market.
COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has helped the industry grow significantly, as the chromatography technologies employed by researchers as the scientific community strives to understand the Sars-CoV-2 virus and develop better therapies, vaccines, and diagnostic tools to aid in the fight against the Covid-19 pandemic. This supports the chromatography market to gain traction during the forecast period.
- The outbreak of the Covid-19 pandemic have had a positive impact on the global chromatography market.
- Chromatography is a powerful laboratory-based analytical method that has been employed by researchers as the scientific community strives to understand the Sars-CoV-2 virus and to develop better therapies, vaccines, and diagnostic tools to aid in the fight against the COVID-19 pandemic. This in turn, boosted the global chromatography market.
Get detailed COVID-19 impact analysis on the Chromatography Market
The report offers a detailed segmentation on the global chromatography market based on product, end-user, and region.
Key Findings Of The Study
- Based on type, the liquid chromatography held the largest share in the global chromatography market in 2020.
- Based on product, the consumables held the largest chromatography market share in 2020 and is expected to remain dominant throughout the forecast period.
- By end user, the pharmaceutical and biotechnology company dominated the global market in 2020 and is anticipated to continue this trend during the forecast period.
- Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 4.80% during the forecast period.
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Market Report
- What is the Chromatography Market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.