by Chromatography is a specialized laboratory technique used to separate mixtures into individual components. Some common applications of chromatography include analyzing organic compounds in pharmaceutical drugs, separating environmental pollutants for detection, analyzing the composition of food products, and isolating specific biological molecules in research studies. High performance liquid chromatography (HPLC) has become one of the most popular and versatile chromatography methods due to its high resolution, accuracy, reproducibility, and ability to separate a wide range of sample mixtures. HPLC uses a liquid mobile phase to transport samples through a column packed with a stationary phase, separating different analytes based on properties like size, charge, and polarity. By detecting separated components as they elute from the column, HPLC can provide quantitative and qualitative data for complex sample mixtures. The advantages of HPLC make it applicable across industries like pharmaceuticals, biotechnology, food safety, and environmental testing.
The global Chromatography Market is estimated to be valued at US$ 11702.77 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the global chromatography market is the increasing adoption of hyphenated chromatography techniques. Combining two or more analytical separation and detection methods provides additional information about samples and can improve sensitivity, selectivity, and resolution. Liquid chromatography coupled with mass spectrometry (LC-MS) has become especially prominent due to its strong performance in identifying unknown compounds and confirming molecular structures. Other commonly used hyphenated techniques include gas chromatography–mass spectrometry (GC-MS) and gas chromatography coupled with tandem mass spectrometry (GC-MS/MS). The complementary information from multiple methods helps resolve complex mixture components that may co-elute on a single chromatography run. This advanced feature enhances detection capabilities and supports applications in proteomics, metabolomics, and other high-throughput analyses. As hyphenated chromatography gains popularity in various end-use industries, it is expected to boost market revenues over the forecast period.
Porter’s Analysis
Threat of new entrants: The entry barriers such as high capital requirements and technological expertise needed make the threat of new entrants moderate.
Bargaining power of buyers: The presence of many established players gives buyers higher bargaining power to negotiate on price and quality.
Bargaining power of suppliers: The availability of substitute products limits the power of suppliers of raw materials and components.
Threat of new substitutes: Emerging green techniques like microfluidics pose a potential threat, but chromatography still has advantages in reproducibility and reliability.
Competitive rivalry: Intense competition exists among the major players to gain higher market share through new product launches and expansions.
Key Takeaways
The Global Chromatography Market Size is expected to witness high growth. The market is majorly driven by factors such as rising pharmaceutical & biotechnology R&D expenditure, increasing importance of chromatography tests in drug approvals, and growing food & agricultural industry.
North America dominates the market due to presence of major players, availability of R&D funds, technological advancements, and increasing adoption of chromatography techniques in biologics analysis. Asia Pacific is expected to grow at the fastest rate during the forecast period due to improving healthcare infrastructure, low cost of operations, and increasing awareness.
Key players operating in the chromatography market are Thermo Fisher Scientific Inc., Agilent Technologies, Inc., SHimadZu Corporation, Waters Corporation, Affymetrix, Inc., Siemens Healthcare, Illumina Inc., Horiba Limited, PerkinElmer, Inc., Life Technologies, Protagen AG, Roche Diagnostics Limited, Malvern Panalytical, Tosoh Corporation, Polymer Char, and Potsnova Analytics. These players are focusing on development of innovative and advanced chromatography products to strengthen their presence in the market. They also adopt strategies such as acquisitions, partnerships, and expansions to gain competitive advantage.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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