The global chromatography market is expected to post a CAGR of close to
7% during the period 2019-2023, according to the latest market research
report by Technavio.
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Technavio has published a new market research report on the global chromatography market from 2019-2023. (Photo: Business Wire)
With the rapid advances in technology in the field of portable systems
and devices, portable analytics systems are gaining immense popularity
across the world. These systems offer real-time, direct, and on-site
measurements of inorganic and organic analytes in samples on the field.
Portable chromatography systems provide on-site screening possibilities
to end-users like laboratory technicians and environmental analysts.
They also help in the subsequent selection of samples for routine
laboratory analysis to maximize the accuracy of results from such
analysis. Portable chromatography systems are also useful in situations
that require an emergency response such as a calamity disaster. As a
result, the demand for handheld systems that offer higher portability is
increasing, which will impact the growth of the chromatography.
As per Technavio, the increasing applications of chromatography systems
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
chromatography market 2019-2023 research
report also analyzes other significant trends and market drivers that
will affect market growth over 2019-2023.
Global chromatography market: Increasing
applications of chromatography systems
Chromatography systems are being used in a wide range of applications
including environmental monitoring, the petrochemical, and food and
beverage industries among others. Gas chromatography systems are used to
prevent thermal cracking of heat transfer fluids as heat transfer fluids
are used in applications like plastics processing, chemical processing,
hydrocarbon processing, food and beverage processing, and heat
processing. They are also increasingly used in brownfield sites as these
sites are witnessing continuous leaks of diesel and fuel oil from tanks
buried in the sites. Further, with stringent regulations on additives in
food and the contamination of food by chemicals that have harmful
effects in the body, the demand for chromatography is increasing to
analyze food samples. Thus, the increasing applications of
chromatography will positively impact the growth of the chromatography
market during the forecast period.
“With the rising demand for chromatography for a range of
applications in various industries, vendors in the market are focusing
on strategic developments such as product innovations to extend their
product portfolios and ensure the availability of products among
end-users. The key strategies that are being adopted include the launch
of new products, product approvals, joint ventures, acquisitions,
partnerships, and new investments. Such strategies will significantly
contribute to market growth during the forecast period,” says a
research analyst at Technavio.
Global chromatography market: Segmentation
This market research report segments the global chromatography market by
product (life science, research, and others) and geographic regions
(North America, Europe, Asia, and ROW).
The North American region led the market in 2018, followed by Europe,
Asia, and ROW respectively. The market growth in North America can be
attributed to the growing focus on drug and vaccine discovery and
development, recent advances in biotechnology and pharmaceutical
research, and the presence of several vendors in the region offering a
wide range of chromatography systems.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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