Research Nester published a report titled “Chromatography Instrumentation Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global chromatography instrumentation market in terms of market segmentation by systems, consumables, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global chromatography instrumentation market is segmented by systems into liquid, gas, and ion chromatographic systems, out of which, the liquid chromatography (LC) segment is projected to grab the largest market share by the end of 2021, owing to the numerous advancements in LC techniques, such as the development of high-performance liquid chromatography (HPLC) techniques, which is used widely in medical applications, scientific research and others.
The global chromatography instrumentation market is anticipated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Increasing use of different types of chromatography laboratory techniques in different end-user industries, such as pharmaceutical, food & beverage, and others, coupled with the increasing need for laboratory instrumentation owing to the initiatives of the government for reducing environmental pollution and food safety concerns among others, are some of the factors anticipated to promote the market growth in the coming years.
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Regionally, the global chromatography instrumentation market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions, out of which, the market in North America is projected to hold the largest market share by the end of 2021. The growth of the market in the region can be attributed to the growing expenditure of the government of the nation to promote advancements in scientific research and development, coupled with the presence of a strong healthcare system that raises the need for the deployment of advanced laboratory instrumentations.
Growing Preference Amongst Researchers for the Utilization of Hyphenated Analytical Techniques in Laboratories
In the recent time, advancements in laboratory instrumentation have given rise to the adoption of the hyphenated analytical techniques, such as liquid chromatography-nuclear magnetic resonance (LC-NMR), liquid chromatography-mass spectrometry (LC-MS), gas chromatography-mass spectrometry (GC-MS), and capillary electrophoresis-mass spectrometry (CE-MS) among others. Hyphenated analytical techniques aid researchers to have analysis of both chromatography and spectral methods at a less time. The technique also provides the researcher the capability of process automation and enhanced selectivity during the research process. As a result, hyphenated analytical techniques have been widely preferred for use by researchers not just in the pharmaceutical and biotechnology industries, but also in food testing, forensic investigation, and others. Such factors are therefore anticipated to drive the market growth during the forecast period.
However, the high cost of chromatography, along with the availability of low-cost alternatives are expected to operate as key restraint to the growth of global chromatography instrumentation market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global chromatography instrumentation market which includes company profiling of Thermo Fisher Scientific Inc. (NYSE: TMO), PerkinElmer, Inc. (NYSE: PKI), Agilent Technologies, Inc. (NYSE: A), Shimadzu Corporation (TYO: 7701), Novasep Holding SAS, Waters Corporation (NYSE: WAT), JASCO, Pall Corporation, AB Sciex Pte. Ltd., and Bio-Rad Laboratories, Inc. (NYSE: BIO). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global chromatography instrumentation market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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