Chromatography instruments market is projected to witness a compound annual growth rate of 8.06% during the forecast period, reaching a total market size of US$12.776 billion in 2023 from US$8.023 billion in 2017. Chromatography is a technique of separating the mixture by passing it in a solution or suspension through a medium in which the components move at different rates. Increasing demand for chromatography instruments is arising from its advantages during drug development and in the clinical research field. Others factors driving the growth of the chromatography instruments market include technological advancements in chromatography techniques, innovations in drug development, and increasing demand for environmental testing and food and beverage testing. Geographically, North America accounts for the largest market share in 2017 owing to the presence of major market players along with high investment in drug development in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the chromatography instrument's value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the market.
Major industry players profiled as part of the report are Agilent Technologies, Phenomenex, Inc., Pall Corporation, JASCO, Inc., Shimadzu Corporation, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., and Waters Corporation.
Supercritical Fluid Chromatography
Food and Beverage Analysis
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the chromatography instruments market size by 2023?
A1. The global chromatography instruments market is projected to reach a total market size of US$12.776 billion by 2023.
Q2. What is the size of global chromatography instruments market?
A2. Chromatography Instruments market was valued at US$8.023 billion in 2017.
Q3. What are the growth prospects for the chromatography instruments market?
A3. The chromatography instruments market is projected to witness a CAGR of 8.06% during the forecast period.
Q4. Which region holds the largest market share in the chromatography instruments market?
A4. North America accounts for the largest share in the chromatography instruments market owing to the presence of major market players along with high investment in drug development in the region.
Q5. What factors are anticipated to drive the chromatography instruments market growth?
A5. Increasing demand for chromatography instruments is arising from its advantages during drug development and in the clinical research field.