Chromatography Instrumentation Market Overview
The global chromatography instrumentation market is anticipated to register a CAGR of 5.2% from 2022 to 2032.
“The chromatography instrumentation market will continue to rise due to increased investments in private public partnerships in the biotechnology and pharmaceutical industries for the development of pharma reagents and resins.”
The global pharmaceuticals industry is witnessing incremental growth, especially since the outbreak of the novel coronavirus.
The implementation of chromatography instruments is increasing in the process of monoclonal antibody purification, and this is triggering new growth opportunities for stakeholders in the chromatography instrumentation market.
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What is the Trend Outlook for the Chromatography Instrumentation Market?
“The chromatography instrumentation industry is rapidly evolving toward innovative techniques of reducing the environmental and ecosystem effects of chemical synthesis.”
This is giving rise to the trend of green chromatography, and consequently, the usage of nanomaterials across the chromatography instrumentation market is expected to increase.
In addition, while the need for skilled operators continues to impact the adoption of next-generation chromatography instruments, the high cost of these new systems coupled with economic slowdown may contribute as the hindrance for the market growth.
What is the Regional Outlook for the Chromatography Instrumentation Market?
“Increasing funding for research and innovation in the chromatography instrumentation market is anticipated to contribute to the growth of the market.”
Positive growth avenues in the chromatography instrumentation market in North America are expected to drive the immense growth of the regional market in the foreseeable future, followed by that in the European Union.
In addition to this, the pharmaceuticals industry is also rapidly moving towards accelerating drug discovery activities, along with the rising number of conferences on biologics and chromatography in the region. This will further give a new direction to the growth of the North American market for chromatography instrumentation in the coming years.
Developing as well as emerging economies in the Asia Pacific region, such as India, Singapore, Vietnam, and China, as well as Japan, are exhibiting exceptional growth prospects for market players, especially with the increasing growth of the pharmaceuticals industry in the region.
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What are the Competitive Strategies Adopted by the Market Players?
“Advancements in the landscape are triggering the need for highly trained personnel to operate the new chromatography instruments in order to ensure their efficient use.”
In June 2020, Thermo Fisher Scientific announced that it will exhibit its latest software, instruments, and workflow solutions through virtual exhibitions and online programming sessions for scientists to expand their research applications.
One of the products that the company will exhibit is Thermo Scientific Compound Discoverer 3.2 software – which helps small molecule researchers improve productivity by automating the process of identifying unknown compounds with the help of Thermo Scientific Orbitrap Gas Chromatography-Mass Spectrometry (GC-MS) systems.
In the same month, Waters Corporation – a publicly traded analytical laboratory instrument and software company headquartered in Milford, Massachusetts – announced that it has launched its new high-performance liquid chromatography (HPLC) – Waters™ Arc™ HPLC System.
The company declared that the new liquid chromatography system can be used for routing testing in various end-use areas, such as the food & beverage industry, pharmaceuticals industry, as well as in academic and materials markets.
The company further stated that the Arc HPLC System is exclusively designed for quality control laboratories, where the importance of accuracy of results is extremely high, in order to ensure the uninterrupted supply of safe and effective medicines. Thereby, the target application of Waters’ new liquid chromatography system is to help QC laboratories carry out batch release tests on small molecule pharmaceuticals.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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