Market Overview:

Chromatography is a laboratory technique used for separating chemical substances and compounds. It exploits differences in physical properties of substances to separate them from one another. The major types of chromatography techniques include liquid chromatography, gas chromatography and ion-exchange chromatography. Chromatography finds applications in industries like healthcare, food & beverage testing, environmental testing and in forensic sciences.

Market key trends:

Advancements in chromatography techniques is one of the key trends driving the growth of the market. Technology advancement has enabled development of hyphenated techniques like LC-MS, GC-MS which have significantly improved the sensitivity and accuracy of chromatography analysis. These hyphenated techniques find widespread use in applications like pharmaceutical impurity analysis, food adulteration detection and metabolic profiling. Integration of microfluidics with chromatography is another emerging trend gaining traction. It enables development of compact and portable chromatography systems with improved efficiency and resolution. This paves way for novel point-of-care and on-site applications of chromatography techniques.

Market key trends:
One of the major trends driving the growth of the chromatography market is increasing demand for hyphenated techniques. Hyphenated techniques are important for combined separation and identification technique with higher sensitivity and specificity. Chromatography coupled with mass spectrometry (LC-MS and GC-MS) is widely used for analysis of wide range of complex mixtures. These techniques play vital roles in drug discovery and development. Moreover, hyphenated techniques such as LC-MS and GC-MS are increasingly being used for analysis of biological samples in clinical research and diagnostics. This is expected to fuel the demand for chromatography systems during the forecast period.

SWOT Analysis
Strength: Presence of large number of players with strong geographic presence and brand recognition. Technological advancements by major players to develop innovative chromatography products.
Weakness: High costs associated with chromatography instruments and consumables. Requirement of skilled professionals for operation and maintenance of chromatography systems.
Opportunity: Growth in proteomics, genomics and drug discovery activities. Emerging markets in Asia-Pacific and Latin America expected to generate growth opportunities.
Threats: Currency fluctuations can impact supply of consumables and instruments. Stringent regulatory guidelines delay product commercialization.

Key Takeaways

The Global Chromatography Market Demand is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing demand for hyphenated techniques. The market size for 2023 is US$ 11702.77 Mn.

North America dominated the global market in 2019 due to presence of major companies and availability of technologically advanced instruments. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to growing R&D investments, increasing academic and government investments in life science research.

Key players operating in the chromatography market are Thermo Fisher Scientific Inc., Agilent Technologies, Inc., SHimadZu Corporation, Waters Corporation, Affymetrix, Inc., Siemens Healthcare, Illumina Inc., Horiba Limited, PerkinElmer, Inc., Life Technologies, Protagen AG, Roche Diagnostics Limited, Malvern Panalytical, Tosoh Corporation, Polymer Char, and Potsnova Analytics.

Note:

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Kiran Chauhan