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Global Chromatography Systems Market: Technological Developments Propelling Market Growth

Blog Description

The global chromatography systems market has reported a decent development in the last few years. With technological developments of devices used in chromatography, coupled with governments’ support, the market has carved a niche for itself in the global arena.

Browse the full Global Chromatography Systems Market  Report:

According to a market study published by Transparency Market Research (TMR), in 2012 the global chromatography systems market stood at US$6,982.3 mn. Analysts expect the market to expand at a CAGR of 5.70% during the period from 2013 to 2019 and reach a value of US$10,364.2 mn by the end of 2019.

Overall, the future of the global chromatography systems market looks healthy, but high cost of chromatography systems and the expenditure incurred on its maintenance may hamper the market growth in the near future. However, the increasing investment in the markets for chromatography systems, particularly in emerging economies is expected to propel the growth of the global chromatography systems market over the next few years. Here is a snapshot of historical and current situation as well as trends of the chromatography systems market across the globe.

  • Liquid chromatography systems market has emerged as the leading product segment of the global market for chromatography systems.
  • In liquid chromatography systems market, high pressure liquid chromatography (HPLC) market has acquired the first place and is estimated to reach over US$3.0 bn by 2019. The technical development in HPCL, together with rising application of HPLC system in the petrochemical, life science, and biopharmaceutical sectors, is a key factor driving this growth.
  • Analysts however, expect the HPCL market to lose its market value to the UHPLC segment, which is poised to exhibit the highest CAGR of more than 7.0% between 2013 and 2019.
  • The pharmaceutical and biopharma industries are the biggest end users of chromatography systems in the global arena on account of the rising demand for chromatography systems to purify proteins.
  • The agriculture and food and beverages industries are projected to register high demand for chromatography systems in the near future.
  • The chromatography systems market in North America led the global market in 2012, holding 35% share.
  • The North America market is expected to maintain its dominance in the coming years.
  • The Europe chromatography systems market occupied 30% of the overall market in 2012.
  • Asia Pacific is likely to exhibit the fastest CAGR in the global chromatography systems market over the period of 2013-2019.

The global chromatography systems market is driven by robust R&D activities among market players. PerkinElmer Inc., Bio-Rad Laboratories Inc., Siemens, Thermo Fisher Scientific Inc., Agilent Technologies Inc., GE Healthcare, Jasco Inc., F. Hoffmann-La Roche Ltd., Sigma-Aldrich Co., Illumina Inc., Regis Technologies Inc., Shimadzu Corp., Waters Corp., Affymetrix Inc., and Konik Nanobiotech are some of sthe major partcipants in the global chromatography market. 

 Browse the full Press Release of Global Chromatography Systems Market