Global Chromatography Consumables Market (2020 to 2027) – by Product, Technology, End-user and Geography – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Chromatography Consumables Market by Product (Prepacked Columns [Analytical, Preparative], Vials, Tubing), Technology (HPLC, GC, UPLC), End User (Pharma, Biotech, Hospitals, F&B, Oil & Gas, Environmental Agencies) and Geography – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The chromatography consumables market is expected to grow at a CAGR of 6.0% from 2020 to 2027 to reach $3.64 billion by 2027.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, challenges, and opportunities. The growth in the chromatography consumables market is mainly attributed to growing collaborations between academia and industry players, technological advancements in the chromatography market space, and rising R&D investments in the pharma and biotech space. In addition, the development of policies and initiatives to reduce pollution and rising food safety concerns are also positively impacting the market growth
Based on product, the columns segment is estimated to account for the largest share of the market in 2020. The large share of this segment is primarily attributed to factors such as the wide applications of chromatography across various industries and environmental agencies, advancements in separation and analytical technologies such as HPLC and GC, and improvements in chromatography columns enabling higher speed and greater efficiency and inertness.
Based on technology, the chromatography consumables market is segmented into liquid chromatography, gas chromatography, and other technologies. In 2020, the liquid chromatography segment is estimated to account for the largest share of the chromatography consumables market due to technological developments in liquid chromatography methods and growth in biosimilars, generics, and CROs due to the rising need for drug development.
Based on end user, the chromatography consumables market is broadly segmented into academic & research institutes, pharmaceutical and biotechnology organizations, food & beverage organizations, hospitals & clinics, environmental agencies, oil & gas organizations, and other end users. In 2020, the pharmaceutical and biotechnology organizations segment is estimated to account for the largest share of the chromatography consumables market. The large share of this segment is primarily attributed to the increasing production of drug molecules, R&D investments in the pharmaceutical and biopharmaceutical industries, and growing collaborations of pharmaceutical and biotechnology companies with CROs.
An in-depth analysis of the chromatography consumables market’s geographical scenario provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America commanded the largest share of the global chromatography consumables market in 2020, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Market Dynamics
Drivers
- Rising R&D Investments in the Pharma and Biotech Industries
- Increasing Collaborations Between Academia and Industry Players
- Technological Advancements in Chromatography
- Growth in Policies and Initiatives to Reduce Environmental Pollution
- Rising Food Safety Concerns
Restraints
- High Cost of Equipment
- Lack of Skilled Professionals
Opportunities
- Growing Demand from Asia-Pacific and Latin America
- Growth in the Proteomics Market
Challenges
- Preference for Alternative Technologies
- The Impact of COVID-19 on the Chromatography Consumables Market
Companies Mentioned
- Merck KGaA (Germany)
- Bio-Rad Laboratories Inc. (U.S.)
- Danaher Corporation (U.S.)
- Hitachi High-Tech Corporation (Japan)
- Bruker Corporation (U.S.)
- Agilent Technologies Inc. (U.S.)
- Waters Corporation (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- PerkinElmer Inc. (U.S.)
- Shimadzu Corporation (Japan)
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