Pune, India, June 2022/MRFR Press Release/- Market Research Future has published its half-cooked research report on the global Chromatography Software Market.
Chromatography Software Market Highlights
According to MRFR analysis, the global Chromatography Software Market is expected to register a CAGR of ~8.1% from 2022 to 2030 and hold a value of USD 15,330 million by 2030.
Chromatography software is the gadget that allows chromatography-based analysis. This software system organizes and manages data from chromatography instruments, records and processes it, and generates chromatograms and reports. Data processing, instrument control, and database management are automated using this chromatography data software. Chromatography informatics solutions are available in various formats, from integrated to automated independent software platforms. These tools are employed in multiple sectors, including materials science, drug development, and forensics. The growing demand for chromatography applications in different fields, surge in the utilization of chromatography techniques in R&D activities across various industries such as the pharmaceutical industry, and increasing technological advancements in chromatography software are driving the market's growth. For instance, according to an MPI Europe 2020 article, several European countries may face a skilled labor shortage over the next decade, with medical laboratories being particularly severely impacted. The demand for qualified individuals to design, deploy, manage, and support chromatography applications has increased due to the rapid advancement of technology.
Several prominent players are involved in strategic agreements, product launches, and joint ventures to sustain their market positions. For instance, in January 2020, Waters Corporation (US) acquired Andrew Alliance (Switzerland), a software company, to broaden its technology portfolio by including advanced chromatography robotics software to enable scientists to perform routine and complex laboratory work processes.
Chromatography Software Market
Across all regions, North America dominates the global chromatography software market. This is owing to the higher adoption of laboratory automation technology in laboratory testing and research activities. Moreover, the growing digital literacy, development of technologically advanced healthcare infrastructure, and major market players in the region such as Cytiva and Bruker Corporation are driving the chromatography software market in the area.
On the other hand, the European chromatography software market is driven by increasing investments of European governments in R&D activities. The presence of significant market players also plays a vital role in contributing to market growth.
Asia-Pacific is anticipated to be the fastest-growing region over the assessment period due to the growing popularity of chromatography technology in applications such as drug discovery, forensic, environmental, and food testing. Furthermore, government measures fostering lab automation and improved awareness and use of modern technology in laboratories are projected to boost the growth of the chromatography software market.
The market's growth in the rest of the world (the Middle East & Africa, Latin America) is attributed to the increasing presence of key pharmaceutical companies in the region, further driving the market growth. Furthermore, the growing use of proteomics and chromatography in developing countries throughout this area would create new potential opportunities for the regional market during the projection period. However, chromatography's low accessibility and high cost are expected to stifle regional market expansion.
Explore In-depth Details: Chromatography Software Market Research Report
The global chromatography software market has been segmented by device type, deployment mode, application, and end use.
Based on device type, the market has been segregated into standalone and integrated. The integrated chromatography software segment held the larger market share in 2021 due to the rising need for workflow integration to improve effective & increasing awareness and adoption of technology.
Based on the deployment mode, the global chromatography software market has been classified into on-premise, web-based, and cloud-based software. The web-based segment dominated the market and accounted for the largest market share in 2021. This is due to storing large amounts of data, quick & distant data access, cheaper handling costs, and simple data backup.
. This is due to an increase in the use of liquid chromatography to assess the components of a drug's formulation and the increased prevalence of various ailments. The pharmaceutical business is one of the most strictly regulated globally, and data dependability in quality assurance quality control (QA & QC) workflows is vital to distributing safe and effective goods chromatography software.
Based on end use, the chromatography software market is segmented into pharmaceutical & biotechnology companies, academic & research institutes, testing facilities, and hospitals & clinics. The academic & research institutes segment is anticipated to expand from 2022 to 2030. This is owing to the growing adoption of chromatography software in educational & research institutes, increasing research volume, and others. Furthermore, owing to the emergence of the COVID-19 pandemic, several companies are focusing on introducing innovative devices comprising chromatography software for the automation of the lab.
Agilent Technologies, Inc. (US), Scion Instruments (UK), Gilson Incorporated. (US), Waters Corporation. (US), Shimadzu Corporation. (Japan), Knauer Wissenschaftliche Geräte GmbH (Germany), Data Apex, spol. s r.o. (Czech Republic), Restek Corporation. (US), Bruker Corporation (US) and GE Healthcare (US) are some of the key global chromatography software market players.