CHROMATOGRAPHY MARKET ANALYSIS

Chromatography is widely used in various life science applications. It finds application in the food industry for spoilage detection, additive detection, and determining nutritional quality. In forensics, it is used for crime scene testing and forensic pathology.

Statistics:

The global chromatography market is estimated to account for US$ 13,465.2 Mn in terms of value by the end of 2027.

Global Chromatography Market: Drivers

Increasing prevalence of cancer is expected to propel growth of the global chromatography market over the forecast period. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.

Moreover, launch of new products for endocrine testing is also expected to aid in growth of the market. For instance, in July 2019, Ortho Clinical Diagnostics, received CE Mark for its VITROS NT-proBNP II assay that allows effective assessment of heart failure.

Statistics:

North America held dominant position in the global chromatography market in 2019, accounting for 35.2% share in terms of value, followed by Europe and Asia Pacific, respectively.

Figure 1: Global Chromatography Market Share (%) Value, By Region, 2019

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Global Chromatography Market: Restraints

Adverse effect on environment and human life due to scrapping of thin layer chromatography plates is expected to hinder growth of the market. Scrapping of thin layer chromatography leads to hazardous results impacting aquatic life and gene mutation.

Moreover, availability of alternative methodologies such as promix is also expected to limit the market growth. Promix technique is very efficient in determination of proteins and peptides present in a complex mixture, thereby gaining attention of the end users.

Global Chromatography Market: Opportunities 

Adoption of chromatography in R&D in cancer is expected to offer lucrative growth opportunities for players in the global chromatography market. For instance, in July 2020, researchers from Institute of Bioinformatics, India, reported use of liquid-chromatography tandem mass spectrometry-based global proteomics approach to identify differentially expressed proteins in bladder cancer cell lines.

Moreover, development of novel solvent systems for chromatography is also expected to aid in growth of the market. For instance, in July 2020, researchers from Hanyang University, South Korea, reported development of a comprehensive linear gradient solvent system for centrifugal partition chromatography for the bioassay-guided isolation of natural compounds.

Statistics:

The global chromatography market was valued at US$ 9,701.6 Mn in 2019 and is forecast to reach a value of US$ 13,465.2 Mn by 2027 at a CAGR of 4.8% between 2020 and 2027.

Figure 2: Global Chromatography Market Value (US$ Bn), 2016 – 2027

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Market Trends/Key Takeaways

Recommendations to use LCMS technique for testing and analysis in the biopharmaceutical industry is expected to drive growth of the market. For instance, in October 2019, the U.S. Food and Drug Administration (FDA) recommended pharmaceutical companies to use Liquid Chromatography-High Resolution Mass Spectrometry (LC-HRMS) for testing N-nitrosodimethylamine (NDMA) in ranitidine products. The NDMA is found to be carcinogenic in nature.

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in January 2018, Waters Corporation entered into a partnership with Malvern Panalytical, under which Waters will pair the Waters ACQUITY Advanced Polymer Chromatography System with Malvern Panalytical’s OMNISEC REVEAL.

Global Chromatography Market: Competitive Landscape

Major players operating in the global chromatography market include, 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.

Global Chromatography Market: Key Developments

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in September 2019, Thermo Fisher Scientific Inc. and Cedars-Sinai entered a collaboration for developing advanced liquid chromatography mass spectrometry workflows for screening and targeted quantitation of protein-based biomarkers for complicated diseases.

Major players in the market are also focused on launching new products to expand their product portfolio. For instance, in 2018, Shimadzu Corporation launched Nexera Mikros, a micro flowrate-compatible liquid chromatograph mass spectrometer which provides ten times higher sensitivity.