Meticulous Research®, a leading market intelligence firm, has unveiled its latest report titled, "Chromatography Market by Product (Systems, Columns, Reagents, Vials, Fittings, Detectors, Pumps, Software), Technology (HPLC, LPLC, Flash Chromatography, GC, TLC), End User (Pharmaceutical, Academic, F&B, Environmental, Hospital) – Global Forecast to 2030." According to the report, the global chromatography market is projected to reach $24.8 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.4% from 2024.
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Market Growth Drivers and Challenges
The chromatography market is experiencing robust growth due to rising investments in pharmaceutical and biotechnology R&D, increasing food safety regulations necessitating advanced contaminant detection, and continual advancements in chromatography technologies. Additionally, emerging economies and the development of bioclusters present significant opportunities for market expansion. However, high equipment costs, a shortage of skilled professionals, and the growing adoption of refurbished equipment pose challenges to market growth.
Market Insights and Segmentation
The report delves into the chromatography market's segmentation, providing key insights across product, technology, and end-user categories:
Product Segment
The market is segmented into Systems, Consumables, Components & Accessories, and Software & Services.
In 2024, Systems are expected to dominate, driven by the adaptability of integrated modular systems. These systems cater to diverse applications, with modular systems appealing to cost-conscious users and integrated systems preferred for continuous sample analysis due to their built-in modules.
Technology Segment
Among technologies, Liquid Chromatography is forecasted to lead in 2024, owing to its extensive applications in analyzing complex compounds.
High-Performance Liquid Chromatography (HPLC) is anticipated to capture the largest market share within this segment due to its superior efficiency and precision.
End-User Segment
Pharmaceutical & Biotechnology Companies are projected to emerge as the largest end-user group in 2024, driven by the increased demand for chromatography in drug discovery, quality control, and vaccine development.
Rising R&D investments and the urgent need for new therapeutic solutions are expected to further fuel growth in this segment.
Regional Analysis
Geographically, North America is expected to hold the largest share of the chromatography market in 2024, followed by Europe and Asia-Pacific.
The dominance of North America is attributed to its advanced healthcare infrastructure, strong focus on research, and significant investments in the biopharmaceutical sector.
The presence of key market players also reinforces the region's leading position.
Leading Companies in the Chromatography Market
The report highlights the following key players shaping the future of the chromatography market through innovative product development and strategic collaborations:
Waters Corporation (U.S.)
Shimadzu Corporation (Japan)
Thermo Fisher Scientific Inc. (U.S.)
Agilent Technologies, Inc. (U.S.)
Danaher Corporation (U.S.)
Bio-Rad Laboratories, Inc. (U.S.)
Perkin Elmer, Inc. (U.S.)
Merck KGaA (Germany)
Bruker Corporation (U.S.)
Hitachi, Ltd. (Japan)
Sartorius AG (Germany)
Restek Corporation (U.S.)
Tosoh Corporation (Japan)
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