Rapid Growth in the Pharmaceutical Industry Creates Huge Demand for the Chromatography Systems
Published On : 02 March, 2017
Global Chromatography Systems Market Analysis, Trends & Forecast to 2022
Chromatography Systems Market Information
The global chromatography systems market is growing at the CAGR of around 5.5% and is expected to reach approximately $11.5 billion by the end of the forecast period that is 2022. The largest segment of the chromatography systems market is liquid chromatography which is expected to grow past $6 billion by the end of the forecasted period i.e. 2022. Such high growth of this market is majorly attributed to factors such as increased use of the chromatographic techniques in the pharmaceutical and biotechnology industry, development of the new biologic drugs, development of the new formulations, increasing government funding and support for the research and development. Apart from these, there are certain factors such as continuous development of the novel techniques in chromatography by the existing market players, increasing research and healthcare expenditure in the developing countries such as India, and rising adoption of the chromatographic techniques in the low economy countries all around the world has impacted positively on the growth of the chromatography system market.
Chromatography Systems Segmentation Analysis
The global chromatography systems market has been majorly segmented on the basis of; types, end-users, and geographic regions.
Chromatography Systems Regional Analysis
Globally, North America holds the largest share of more than 35% of chromatography market and is expected to be the leading market during 2016 to 2022. North America market for chromatography systems is projected to mint more than $4.5 billion by the end of 2022. This large share is majorly attributed to, growing adoption of chromatographic techniques, rapidly growing pharmaceutical industry, increase in the need for the new formulations and increasing demand of the new drugs, some of the key factors driving the growth of this market.
Source: Secondary Research, and MRFR Analysis
Companies are increasingly aware that the range of benefits provided by chromatography systems offers solutions for many types of industries, all over the world. There are plenty of large and small market players which operate in this market all over the globe. The major participants of this market are Agilent Technologies, Apex Chromatography Pvt. Ltd., Apix Analytics, Bio-Rad Laboratories Inc., GE Healthcare, GL Sciences Inc., JASCO Inc., Novasep Holding S.A.S., OI Analytical/Xylem Inc., PAC L.P., Pall Corporation, PerkinElmer Inc., Phenomenex Inc., QUADREX CORPORATION, Shimadzu Corporation, Siemens Industry Inc., Thermo Fisher Scientific Inc., WATERS, and others.
MRFR Analyst View
Chromatography systems market is observed to be the rapidly growing market. Chromatography is currently the most commonly used separation technique in the pharmaceutical industry. With the developing pharmaceutical industry in the developed and developing countries, the demand for chromatography systems is expected to boost in the near future. The development of the innovative and novel chromatographic techniques by the existing big market players has been a crucial factor in growth of this market. Companies such as Agilent Technologies, Shimadzu Corporation, Thermo Fisher Scientific Inc., and WATERS has dominated the market in recent years. However, the high cost of the systems and the maintenance cost is bit of an issue causing the hindrance in the chromatography systems market. Big market players can make an effort to reduce the costs of the systems in order to cater even to the small economy countries all around the world.
About Market Research Future (MRFR) Analysis and Reports:
Market Research Future introduces about the global chromatography systems market for the period 2014 to 2022 mainly includes growth drivers, trends, restrains and how the market will grow in the future across the globe. In report, Market Research Future has focused on the current market scenario which includes market segmentation, market dynamics and competitive landscape along with company profiles.
Every report of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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