Chromatography finds application in molecular biology for pharmaceutical compounds such as acetaminophen, diclofenac, lidocaine, clozapine, haloperidol, flunitrazepam, chlorpromazine, alprenolol, albendazole and verapamil.
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
Approval and launch of new products is expected to propel growth of the global chromatography market over the forecast period. For instance, in June 2020, Waters Corporation launched Waters Arc HPLC System, a new high-performance liquid chromatograph (HPLC) for routine testing in the pharmaceutical, food, academic and materials markets.
Global Chromatography Market: Opportunities
Adoption of chromatography for analysis of biological samples is expected to offer lucrative growth opportunities for players in the global chromatography market. For instance, in July 2020, researchers from University of Verona, Italy, reported the development and validation of a liquid chromatography tandem mass spectrometry (LC–MS/MS) technique for simultaneously quantifying 15 bile acids species in serum samples.
Global Chromatography Market: Restraints
High cost of chromatography machines is expected to hinder the market growth. For instance, ion chromatography machines cost around US$ 25, 000.
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. Approval and launch of new products is expected to propel growth of the global chromatography market over the forecast period
Liquid Chromatography segment held dominant position in the global chromatography market in 2019, accounting for 56.8% share in terms of value, increasing adoption of chromatography for analysis of biological samples is expected drive the segment growth during the forecast period
Major players in the market are focused on launching new products to expand their product portfolio. For instance, in June 2019, AB Sciex LLC, a subsidiary of Danaher Corporation launched TripleTOF 6600+ LC0-MS/MS System with Scanning SWATH Acquisition, and OneOmics in SCIEX Cloud.
Launch of novel software solution for LC-MS is expected to aid in growth of the market. For instance, in May 2018, SCIEX launched BioPharmaView Software 3.0 solution for complete LC-MS multiple attribute methodology (MAM) workflow, which enables detailed characterization of biologics for use by biopharma researchers.
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 launching new products to expand their product portfolio. For instance, in June 2020, Agilent Technologies Inc. launched Agilent 6470B Triple Quadrupole LC/MS (6470 LC/TQ) system and the Agilent RapidFire 400 system at ASMS 2020 Reboot, the interactive, online version of the annual conference of the American Society for Mass Spectrometry.
Major players in the market are also focused on adopting partnership strategies to expand their product portfolio. For instance, in May 2020, Thermo Fisher Scientific Inc. partnered with MSAID GmbH, a software company, to develop and commercialize deep learning tools for proteomics
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