[150+ Pages Research Report] According to the recent analysis research report; the global Chromatography Instruments Market in 2020 was approximately USD 9.0 Billion. The market is expected to grow at a CAGR of 7.1% and is anticipated to reach around USD 13.9 Billion by 2027. Top market players are Agilent Technologies (US), Waters Corporation (US), Shimadzu (Japan), Thermo Fisher Scientific (US), PerkinElmer (US), Merck KGaA (Germany), Phenomenex (US) and Bio-Rad Laboratories (US), among others,
Overview of Chromatography Instruments Market Study
Chromatography Instruments market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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Growth in the chromatography instruments market can be attributed to factors such as growing investments in the pharmaceutical R&D, rising food safety concerns worldwide, increasing adoption of gas chromatography in oil & gas industry and numerous policies to reduce environmental pollution.
Chromatography Instruments Market Dynamics
Drivers: Rising popularity of hyphenated chromatography techniques
Hyphenated techniques usually involve chromatographic separation followed by peak identification with a traditional detector such as UV combined with further identification with MS (mass spectrometry), IR (infrared), or NMR (nuclear magnetic resonance) spectrometers. Some of the common hyphenated chromatography techniques include LC-MS, GC-MS, LC-NMR, and LC-FTIR. Advantages of state-of-the-art hyphenated chromatography techniques, such as the requirement of less time for analysis as compared to conventional methods, better reproducibility and enhanced selectivity, capacity to deliver greater automation and sample throughput, and reduced contamination risks, have expanded their application in various fields. Apart from applications in the pharmaceutical industry, LC-MS is widely used in clinical screening, pesticide residue analysis, forensic investigations, and food testing. GC-MS offers improved sample run cycle times and increased instrument efficacy. The use of technologically advanced devices can help fulfill the requirements of better reproducibility, ease of operation, and computerized results in pharmaceutical and biotechnology companies.
Restrains: High cost of chromatography equipment
Chromatography instruments are equipped with advanced features and functionalities and thus are priced at a premium. The cost of a new instrument differs as per the applications. Chromatography instruments used in the pharmaceutical industry are expensive as they use capillary columns to separate compounds like oxygen, hydrogen, and methane. Small- & medium-sized companies in the oil & gas, food & beverage, and biotech & pharmaceutical industries, as well as research and academic institutions, require many such systems in their processes. Hence, the capital cost spent on these systems increases significantly. Moreover, academic research laboratories find it difficult to afford such systems, as they have controlled budgets. The maintenance costs and other indirect expenses result in an overall increase in the total cost of ownership of these instruments. This restricts the adoption of chromatographic accessories & consumables among price-sensitive end users, such as research laboratories, academic institutes, and small companies.
Opportunities: Advancement in gas chromatography columns for petrochemical applications
Gas chromatography remains the most preferred analytical technique in the petroleum industry due to its high sensitivity for volatile substances. Petroleum analysis makes extensive use of specialized gas chromatography columns, with continuous expectations from the industry for better columns that improve analytical performance and chromatographic efficiency. Moreover, advanced gas chromatographic systems have improved technology to detect both finished goods as well as in-process samples. Petroleum analysis makes extensive use of specialized gas chromatography columns, with continuous expectations from the industry for better columns that improve analytical performance and chromatographic efficiency. New developments in GC columns help improve petroleum analyses, while reducing instrument downtime and maintenance costs. As a result of the significant requirement for specialized and advanced GC columns in the petroleum industry, the successful development of such columns is considered as a potential growth avenue for players operating in this market.
Challenges: Presence of alternative technologies to chromatography
Precipitation, high-resolution ultrafiltration, crystallization, high-pressure refolding, charged ultra-filtration membranes, protein crystallization, capillary electrophoresis, aqueous two-phase extraction, three-phase partitioning, monoliths, and membrane chromatography are some of the prominent techniques that are available as alternatives to chromatography. These techniques can be used as alternatives to column chromatography, which is extensively used to manufacture protein therapeutics and also for the separation of monoclonal antibodies. Column chromatography employs a minimum of two steps to manufacture protein therapeutics, which increases the cost. Furthermore, column chromatography requires additional steps such as equilibration, wash, elution, regeneration, and sanitization, which escalate the cost even further. On the other hand, alternative techniques require fewer steps and a large volume of antibodies can be separated in a single step. This helps in reducing the manufacturing cost, and also helps in increasing the manufacturing volume. Such benefits provided by alternative techniques are likely to hinder the growth of the chromatography accessories market.
Increasing investments in pharmaceutical R&D to drive the market growth
On the basis of type, the chromatography instruments market is broadly segmented into liquid chromatography (LC) systems, gas chromatography (GC) systems, supercritical fluid chromatography (SFC) systems and thin-layer chromatography systems (TLC). The liquid chromatography (LC) systems segment is expected to grow at the highest rate during the forecast period. The high growth rate of this segment can be attributed to the surge in demand for liquid chromatography systems in various analytical processes. Wide usage of these systems in pharmaceutical and biotechnology companies is expected to support the chromatography systems market growth.
Columns segment to account for the largest market share in 2020
On the basis of consumable and accessory, the global chromatography instruments market is segmented into column, column accessories, autosampler, autosampler accessories, flow management accessories, solvents/reagents/adsorbents, chromatography fittings and tubing, detectors, mobile phase accessories, fraction collectors, pressure regulators, and other accessories. The columns segment is expected to command the largest share of the market in 2020. The large share is attributed to the upsurge in demand for the prepacked and empty columns in various separation processes.
Life science industry is expected to be the largest contributor to the chromatography instruments market growth
On the basis of end-user industry, the market is segmented into life science industry, academic & research institutes, oil & gas industry, environmental agencies, food & beverage industry and other end-user industries. The life science industry accounted for the largest share of the market in 2019 owing to numerous applications of chromatography techniques throughout the drug development process. Technological advancements in chromatography instruments have increased their adoption in pharmaceutical companies to improve their productivity and efficiency.
Asia Pacific to emerge as a potential market for chromatography instruments solutions
The global chromatography instruments market has been categorized on the basis of four major regional segments—North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Factors such as environmental protection activities and strategic expansions by key players in China, growth in biomedical and medical research and an increase in awareness about chromatography in Japan, and government initiatives supporting the growth of the pharmaceutical industry in India are driving the growth of the chromatography instruments market in the Asia Pacific region. Moreover, the current outbreak of COVID-19 in the region has resulted in an increased patient pool, leading to subsequent surge in R&D activities. Increasing investments in drug discovery is thus, expected to fuel the growth of the chromatography instruments market in the APAC region.
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COVID-19 Impact on Chromatography Instruments Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Chromatography Instruments market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Chromatography Instruments market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Chromatography Instruments market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Chromatography Instruments market include:
Agilent Technologies (US), Waters Corporation (US), Shimadzu (Japan), Thermo Fisher Scientific (US), PerkinElmer (US), Merck KGaA (Germany), Phenomenex (US) and Bio-Rad Laboratories (US), among others,
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Liquid Chromatography Systems
- High-Performance Liquid Chromatography Systems
- Ultra-High Performance Liquid Chromatography Systems
- Medium-Pressure Liquid Chromatography Systems
- Flash Chromatography Systems
- Other LC Systems
- Gas Chromatography Systems
- Supercritical Fluid Chromatography Systems
- Thin-Layer Chromatography Systems
By Consumable & Accessory
- Pre-packed Columns
- Empty Columns
- Column Accessories and Consumables
- Heaters & Ovens
- Guard Holders
- Other Column Accessories and Consumables
- Autosampler Accessories and Consumables
- Autosampler Syringes/
- Sample Needles
- Flow Management Accessories and Consumables
- Flow Splitters
- Chromatography Fittings and Tubing
- Ferrules and Nuts
- Valves and Gauges
- Liners and Seals
- LC Detectors
- UV Visible PDA Detectors
- Refractive Index Detectors
- Fluorescence Detectors
- Other LC Detectors
- GC Detectors
- Flame Ionization Detectors
- Mass Spectrometry Detectors
- Thermal Conductivity Detectors
- Other GC Detectors
- LC Detectors
- Mobile Phase Accessories and Consumables
- Mixers and Mixing Chambers
- Other Mobile Phase Accessories and Consumables
- Fraction Collectors
- Pressure Regulators
- Other Accessories and Consumables
By End-User Industry
- Life Science Industry
- Academic & Research Institutes
- Oil & Gas Industry
- Environmental Agencies
- Food & Beverage Industry
- Other End-user Industries
Why Buy this Report?
The purpose of Nova one advisor’s Chromatography Instruments market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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