June 22, 2024

Chromatography Instruments Market Size, Report by 2033

The global chromatography instruments market size accounted for USD 9.98 billion in 2023 and is anticipated to touch around USD 16.30 billion by 2033, growing at a CAGR of 5.03% from 2024 to 2033.

Key Points

  • The North America chromatography instruments market size accounted for USD 4.29 billion in 2023 and is expected to attain around USD 7.01 billion by 2033.
  • North America dominated the market with the largest revenue share of 43% in 2023.
  • Asia Pacific is expected to grow rapidly during the forecast period.
  • By system, the liquid chromatography segment dominated the market in 2023.
  • By system, the gas chromatography segment is expected to witness the fastest growth over the forecast period.
  • By product, the consumables segment has held the biggest revenue share of 63% in 2023.
  • By product, the component segment is expected to grow significantly during the projected period.
  • By application, the pharmaceutical & life science firms led the market with the biggest market share of 54% in 2023.

Chromatography Instruments Market Size 2024 to 2033

The chromatography instruments market is a dynamic sector within the life sciences and analytical chemistry industries. Chromatography is a vital technique used for separating and analyzing complex mixtures, making it essential in pharmaceutical, biotechnology, food and beverage, environmental, and other research and development fields. Chromatography instruments enable precise separation and identification of components within a sample, providing valuable insights for various scientific applications.

Get a Sample: https://www.precedenceresearch.com/sample/4295

Growth Factors

Several key factors drive the growth of the chromatography instruments market. One significant factor is the increasing demand for pharmaceutical and biotechnology products, leading to heightened research and development activities. Additionally, stringent regulations in industries such as food safety and environmental monitoring necessitate advanced chromatography techniques for accurate analysis and compliance. Technological advancements, such as the development of high-performance liquid chromatography (HPLC) and gas chromatography-mass spectrometry (GC-MS) systems, further fuel market growth by enhancing efficiency and sensitivity.

Regional Insights

The chromatography instruments market exhibits varying dynamics across different regions. North America and Europe dominate the market due to robust research infrastructure, high healthcare expenditure, and strong adoption of advanced analytical technologies. Asia-Pacific is emerging as a rapidly growing region, driven by expanding pharmaceutical and biotechnology sectors, increasing investments in research and development, and improving healthcare infrastructure.

Chromatography Instruments Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 5.03%
Chromatography Instruments Market Size in 2023 USD 9.98 Billion
Chromatography Instruments Market Size in 2024 USD 10.48 Billion
Chromatography Instruments Market Size by 2033 USD 16.30 Billion
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By System, By Product, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa

 

Chromatography Instruments Market Dynamics

Drivers

The market for chromatography instruments is propelled by several drivers. Growing awareness about the importance of chromatography in drug development and quality control processes stimulates instrument adoption. Furthermore, increasing focus on food safety and environmental monitoring amplifies the demand for chromatography instruments for precise analysis of contaminants and pollutants. Technological innovations leading to user-friendly, high-throughput chromatography systems also drive market expansion.

Opportunities

Amidst the evolving landscape of life sciences and analytical chemistry, numerous opportunities exist in the chromatography instruments market. Expansion into emerging markets, particularly in Asia-Pacific and Latin America, presents significant growth prospects. Additionally, collaborations between chromatography instrument manufacturers and research institutions offer opportunities for developing novel applications and improving instrument performance.

Challenges

Despite substantial growth potential, the chromatography instruments market faces challenges. High instrument costs and maintenance expenses can limit adoption rates, especially in resource-constrained settings. Moreover, the complexity of chromatography techniques requires skilled operators, highlighting the need for specialized training programs. Regulatory hurdles and compliance requirements also pose challenges for market players, necessitating continuous innovation and adaptation.

Read Also: U.S. Artificial Intelligence (AI) Market Size, Share, Report By 2033

Chromatography Instruments Market Recent Developments

  • In July 2023, Valmet announced the acquisition of the Process Gas Chromatography business of Siemens. The former company intends to strengthen its automation segment and process automation with the addition of the latter company’s process industry gas chromatography system and process analyzer systems to its offering.
  • In March 2023, US-based Waters Corporation introduced its next-generation HPLC chromatography system, Alliance™ iS, for its users in the QC laboratories.
  • In June 2022, PerkinElmer, Inc. launched the GC 2400 Platform, an advanced, automated gas chromatography (GC), headspace sampler, and GC/mass spectrometry (GC/MS) solution designed to help lab teams simplify lab operations, drive precise results, and perform more flexible monitoring.
  • In May 2022, Thermo Fisher Scientific Inc. inaugurated a new manufacturing facility for single-use technology in Utah, U.S. Furthermore, Thermo Fisher launched the Thermo Scientific SureStart portfolio for chromatography and mass spectrometry consumables in February 2022, showcasing its commitment to advancing chromatography solutions.
  • In January 2022, RotaChrom announced the launch of its long-term strategic partnership with lea Red Mesa Science & Refining. Their first goal is to create new and profitable operations using RotaChrom’s centrifugal chromatography solution.

Chromatography Instruments Market Companies

  • Agilent Technologies
  • Bio-Rad Laboratories
  • Cytiva
  • PerkinElmer
  • Pall Corporation
  • Sartorius
  • Shimadzu
  • Shodex
  • ThermoFisher Scientific
  • Waters Corporation

Segments Covered in the Report

By System

  • Liquid Chromatography
  • Gas Chromatography
  • Other Systems

By Product

  • Components
    • Autosamplers
    • Pumps
    • Detectors
    • Column Accessories
    • Fraction Collectors
    • Other Components
  • Consumables
    • Tubes
    • Columns
    • Vials
    • Solvents/Reagents
    • Other Consumables

By Application

  • Pharmaceutical/Biotechnology Industries
  • Academic/Research Institutes
  • Other Industries

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/


Prathamesh

Leave a Reply

Your email address will not be published. Required fields are marked *