Overview

Chromatography Instruments Market is estimated to value over USD 13.3 billion by 2027 end with a CAGR of over 6.6% during the forecast period 2020 to 2027.

The rising adoption of chromatography for the process of drug approval along with the rising demand for hyphenated chromatography methods are some of the factors responsible for the chromatography instruments market growth. The GC-MS and LC-MS techniques are widely accepted for approving drugs for purifying, separating and analysing raw materials, excipients and active pharmaceutical ingredients. The mandate put on by the CCGMP regulations state that all the raw materials or ingredients should be examined before using them for preparing or manufacturing drug products. The chromatography procedures chosen for testing drug products are primarily based on factors like detection limit, accuracy, linearity, quantitation limit, range, precision, specificity or selectivity and robustness. The advancements in technology has increased the usage of mass spectroscopy and chromatography for testing the strength, quality, identity, potency and purity of a drug product. FDA needs such data for approving drugs. GMP and chromatography regulations are the primary standards considered while submitting the drug products to the FDA. Companies manufacturing chromatography instruments emphasize on product launches that satisfy the technological as well as regulatory requirements. Such factors are responsible for the augmentation of the market.
However, the chromatography instruments are integrated with novel functionalities and features, thereby making them expensive. A new instrument cost depends on the type of application. An HPLC system can cost from USD 11,000 to USD 45,000. Such high costs of these instruments might negatively affect the growth of the market.

Chromatography Instruments Market

Market Segmentation:
By Type
•   Systems
•   Detectors
•   Auto Samplers
•   Fraction Collectors
By Consumables and Accessories
•   Consumables
•   Accessories
By Application
•   Environmental Testing
•   Food and Beverage Testing
•   Life Science
•   Others
By Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Middle East and Africa

The market is fragmented into type, consumables and accessories, application and region. The type segment is categorised into systems, detectors, auto samplers and fraction collectors. The system segment is anticipated to hold the largest chromatography instruments market share, and this can be credited to a rising demand for chromatography tests in the process of drug approvals. The consumables and accessories segment is classified into accessories and consumables. The consumables segment is predicted to dominate the market, and this can be credited to increased concerns regarding food safety. The application segment is divided into environmental testing, food and beverage testing, life science and other applications. The life science segment is anticipated to lead the market owing to the rising demand for hyphenated methods and the increased adoption of chromatography tests for approving drugs.

Regional Analysis:

The North America region is predicted to dominate the market during the forecast period and this can be credited to rise in the provision of funds for environmental testing and research and development activities in the United States, the escalating growth of the Canadian food testing industry and a number of initiatives undertaken by the government for improving the infrastructure of laboratories. The Europe region is poised to grow at a significant rate during the forecasted timeframe. Growing cosmetic industry in France, increased expenditure for research and development activities are some of the factors boosting the growth of the market in the region.

Competitive Landscape:

Some of the prominent market players are Thermo Fisher Scientific Inc., PerkinElmer Incorporated, Shimadzu Corporation, Novasep Holdings S.A.S., PALL Corporation, Jasco Incorporated, GL Sciences Incorporated, PHENOMENEX Inc., Waters Corporation.

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key market trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global chromatography instruments market by type, by consumables and accessories, by application, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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