Market Size of Global Chromatography Instrumentation Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 9.63 Billion |
Market Size (2029) | USD 12.42 Billion |
CAGR (2024 - 2029) | 5.23 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Chromatography Instrumentations Market Analysis
The Global Chromatography Instrumentation Market size is estimated at USD 9.63 billion in 2024, and is expected to reach USD 12.42 billion by 2029, growing at a CAGR of 5.23% during the forecast period (2024-2029).
The COVID-19 pandemic is likely to have a slightly positive effect on the market. The COVID-19 pandemic is expected to have a positive effect on this segment. Since the pharmaceutical and bioindustry sectors have received a huge amount of attention recently, this is expected to positively aid in developing the gas chromatography market. In July 2020, an article was released in the 'Chromatography Today' magazine, which stated that the United States Air Force and researchers from the University of Michigan had collaborated to make modifications to an existing gas analysis system so that it could work like a breathalyzer that can analyze the breath and detect the chemical signature of acute respiratory distress syndrome (ARDS) in its very early stages, which is a precursor to most COVID-19 infections. Developments such as these are expected to positively aid the market growth.
Chromatography is used for quality control in the food industry by separating and analyzing additives, vitamins, preservatives, proteins, and amino acids. These factors have been the primary drivers of the growth of this market. Technological advancements in developing more accurate and efficient systems have also helped the market growth.
Moreover, according to the Centers for Disease Control updates from September 2022, in the United States, over 100 million adults suffer from diabetes or prediabetes, and this number has doubled over the last five years. Additionally, according to the Centre for Disease Control and Prevention (CDC) updates from July 2021, illnesses from mosquito, tick, and flea bites have tripled, and nine new vector-borne diseases were discovered. Thus, the increase in various illnesses and chronic diseases is expected to enhance the demand for downstream processing as chromatography columns are used to purify the product in downstream processing for drug development. Thereby, the market is expected to upsurge during the forecasted year.
In June 2020, Waters Corporation launched its new high-performance liquid chromatography (HPLC) - Waters Arc HPLC System. The company declared that the new liquid chromatography system could be used for routing testing in various end-use areas, such as the food & beverage industry, pharmaceuticals industry, and the academic and materials markets.
However, the high cost of HPLC instruments and the lack of skilled personnel for equipment handling are expected to hinder the market growth during the forecast period.
Chromatography Instrumentations Industry Segmentation
The chromatography instrumentations market is segmented by devices (chromatography systems (gas chromatography systems, liquid chromatography systems, fluid chromatography systems, and thin layer chromatography systems), consumables (columns, solvents/reagents/adsorbents, syringes/needles, and others) and accessories (column accessories, auto-sampler accessories, pumps, and other accessories)), application (agriculture pharmaceutical firms, clinical research organizations, environmental testing), geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (in USD million) for the above segments.
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Global Chromatography Instrumentation Market Size Summary
The chromatography instrumentation market is poised for significant growth over the forecast period, driven by advancements in technology and increasing demand across various industries. The market is experiencing a positive impact from the COVID-19 pandemic, particularly in the pharmaceutical and biotechnology sectors, where chromatography plays a crucial role in quality control and drug development. The food industry also contributes to market expansion through the use of chromatography for analyzing additives and nutrients. Technological innovations, such as the development of high-performance liquid chromatography systems, are enhancing the efficiency and accuracy of analyses, further propelling market growth. However, challenges such as the high cost of equipment and a shortage of skilled personnel may impede progress.
North America holds a dominant position in the chromatography instrumentation market, supported by robust government investments in research and development and the presence of major industry players. The region's well-established healthcare systems and policies encouraging research have attracted global companies, fostering a competitive market environment. The increasing prevalence of chronic diseases, including cancer, is driving the adoption of chromatography for vaccine development and other applications. The market is moderately competitive, with key players like Agilent Technologies, Thermo Fisher Scientific, and Merck KGaA leading the way. The Asia-Pacific region is witnessing the emergence of smaller players, contributing to market growth through increased awareness and demand for chromatography solutions.
Global Chromatography Instrumentation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Chromatography Tests in Drug Approval Process
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1.2.2 Advancements in Chromatography Equipment
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1.2.3 Growing Food Safety Concerns
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1.3 Market Restraints
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1.3.1 High Equipment Costs
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1.3.2 Lack of Skilled Personnel for Equipment Handling
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Devices
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2.1.1 By Chromatography Systems
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2.1.1.1 Gas Chromatography Systems
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2.1.1.2 Liquid Chromatography Systems
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2.1.1.3 Fluid Chromatography Systems
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2.1.1.4 Thin Layer Chromatography Systems
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2.1.2 By Consumables
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2.1.2.1 Columns
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2.1.2.2 Solvents/Reagents/Adsorbents
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2.1.2.3 Syringes/Needles
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2.1.2.4 Others
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2.1.3 By Accessories
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2.1.3.1 Column Accessories
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2.1.3.2 Auto-Sampler Accessories
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2.1.3.3 Pumps
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2.1.3.4 Other Accessories
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2.2 By Application
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2.2.1 Agriculture
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2.2.2 Pharmaceutical Firms
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2.2.3 Clinical Research Organizations
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2.2.4 Environmental Testing
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Global Chromatography Instrumentation Market Size FAQs
How big is the Global Chromatography Instrumentation Market?
The Global Chromatography Instrumentation Market size is expected to reach USD 9.63 billion in 2024 and grow at a CAGR of 5.23% to reach USD 12.42 billion by 2029.
What is the current Global Chromatography Instrumentation Market size?
In 2024, the Global Chromatography Instrumentation Market size is expected to reach USD 9.63 billion.