Surge in applications of chromatography in various fields, rise in adoption of chromatography in drug discovery process, and growth in popularity of hyphenated chromatography techniques drives the growth of the global chromatography market. However, High cost of chromatography equipment, Lack of adequate skilled professionals and Presence of alternative technologies to chromatography hinder the market growth. On the other hand, advancement in gas chromatography columns for petrochemical applications and adoption of chromatography in R&D in cancer present new opportunities in the coming years.
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According to the report published by Allied Market Research, the global chromatography industry generated $8.7 billion in 2020, and is anticipated to generate $15.33 billion by 2030, witnessing a CAGR of 5.8% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, Rise in applications of chromatography in various fields, increase in adoption of chromatography in drug discovery process, and growth in popularity of hyphenated chromatography techniques are some factors that boost the growth of the market. Furthermore, advancement in gas chromatography columns for petrochemical applications, and adoption of chromatography in R&D in cancer are expected to create a lucrative opportunity for the chromatography market growth.
Covid-19 Scenario:
COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has helped the industry grow significantly, as the chromatography technologies employed by researchers as the scientific community strives to understand the Sars-CoV-2 virus and develop better therapies, vaccines, and diagnostic tools to aid in the fight against the Covid-19 pandemic. This supports the chromatography market to gain traction during the forecast period.
- The outbreak of the Covid-19 pandemic have had a positive impact on the global chromatography market.
- Chromatography is a powerful laboratory-based analytical method that has been employed by researchers as the scientific community strives to understand the Sars-CoV-2 virus and to develop better therapies, vaccines, and diagnostic tools to aid in the fight against the COVID-19 pandemic. This in turn, boosted the global chromatography market.
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Leading Market Players:-
- Agilent Technologies
- Bio-Rad Laboratories
- Danaher Corporation
- Hitachi Ltd.
- Merck KGAA
- PerkinElmer, Inc.
- Restek Corporatio
- Shimadzu Corporation
- Thermo Fisher Scientific, Inc.
- Waters Corporation.
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