 |
| Chromatography Market |
Chromatography is an analytical separation process used to isolate and identify
various substances within complex mixtures. Its application includes separating
drug compounds during pharmaceutical drug development. The technique is also
widely used in healthcare for analysis of clinical samples to detect
biomarkers, diagnose diseases and monitor treatment effectiveness. The growing
pharmaceutical and healthcare sectors have increased reliance on chromatography
for drug discovery and disease diagnostics, driving faster adoption of the
technology. The global Chromatography Market is estimated to be valued at US$ 11702.77 Mn in 2023 and is expected
to exhibit a CAGR of 6.5% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The increased use of chromatography in pharmaceuticals and healthcare has been
a key growth driver for the market. With rising drug development activities and
growing awareness about disease diagnosis, the demand for chromatography from
these end-use industries has surged significantly over the years.
Pharmaceutical companies extensively employ the technique during pre-clinical
and clinical drug development phases for separation and identification of active
pharmaceutical ingredients. Similarly, diagnostic laboratories utilize
different types of chromatography methods like liquid chromatography and gas
chromatography for identification of metabolites and biomarkers in blood, urine
and tissue samples. As pharmaceutical R&D and healthcare diagnostics
continue to advance, further opportunities are likely to emerge for
chromatography applications, fueling market growth over the forecast period.
Segment
Analysis
The global chromatography market is dominated by liquid chromatography
sub-segment. Liquid chromatography segment accounted for the largest market
share in 2021 due to high usage of liquid chromatography techniques such as
high-performance liquid chromatography (HPLC), ultra-high-performance liquid
chromatography (UHPLC) etc. in analytical research and quality control
processes across various industries like pharmaceuticals, biotechnology,
chemicals etc. Liquid chromatography techniques helps in separating,
identifying and quantifying different compounds in complex mixtures.
Key Takeaways
The global Chromatography
Market Growth is expected to
witness high growth. The market size is projected to grow from US$ 11702.77 Mn
in 2024 to US$ 21405.68 Mn by 2030, registering a CAGR of 6.5% during the
forecast period.
Regional analysis: North America region accounted for the largest share in the
global chromatography market in 2021. This is attributed to the presence of
well-established pharmaceutical and biotechnology industries, rising
pharmaceutical research & development activities and increasing drug
discovery projects in the region.
Key players
operating in the chromatography market are APS Materials Inc., Bio-Rad
Laboratories Inc., CGbio, FLUIDINOVA, Granulab Sdn. Bhd. (KPower Berhad), HOYA
Technosurgical Corporation (HOYA Corporation), SANGI CO. LTD, SigmaGraft
Biomaterials, and Taihei Chemical Industrial Co. Ltd.
For more insights, read- https://www.newsanalyticspro.com/chromatography-market-trends-size-and-share-analysis/
0 Comments