The latest market report published by Credence Research, Inc. “Global Chromatography Reagents Market: Growth, Prospects, and Competitive Analysis, 2016 – 2030”. The global chromatography reagents market generated revenue of around USD 5684.3 million in 2022 and is anticipated to grow a CAGR of over 7.30% during the forecast period from 2018 to 2030 to reach around USD 9308.40 million in 2030.
Since proteomics is recognized as a highly effective tool for bridging the gap between genomic sequence and cellular behavior, the sector is expected to grow dramatically over the coming years. Chromatography is increasingly used for sample identification, analysis, and mixture purity detection. The sector will grow due to the regulatory standards for medication development and safety becoming more strict and the rise in clinical trial projects and R&D activities for therapeutic areas. Moreover, the rising purchasing power of large research institutions brought on by the availability of funding from various organizations and higher R&D spending on proteomics is expected to fuel market expansion.
The global chromatography reagents market is segmented into type, physical state of mobile phase, technology, application, and geography. Based on type, the market is categorized into buffers, ion pair reagents, solvents and other types. Based on physical state of mobile phase, the global market is segmented into gas chromatography reagents, liquid chromatography reagents and super critical fluid chromatography (SFC) reagents. Based on technology, the market is categorized into ion exchange, affinity exchange, size exclusion, hydrophobic interaction, mixed mode and other technologies. Based on application, the market is categorized into pharmaceutical, biotechnology, drug discovery, drug production, food and beverages, water and environmental analysis and other applications. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
In 2022, North America is expected to occupy the largest chromatography reagents market share in revenue and sales. The need for chromatographic testing in the North American food and beverage industry is increasing due to the requirement for increased food safety and compliance with regulations like the Food Safety Modernization Act (FSMA). Moreover, improvements in chromatography technology, including new columns, detectors, and software, are enhancing testing precision and accuracy and promoting market revenue development in this region. Furthermore, growing R&D initiatives in the pharmaceutical and biotechnology sectors are driving up demand for chromatography reagents.
Chromatography Reagents Market major players analysis is an essential component of understanding the current state of the chromatography reagents market. The leading companies in this industry are constantly striving to innovate and improve their products, while also maintaining high levels of quality and reliability. Some of the key players in this space include Thermo Fisher Scientific Inc., Merck KGaA, GE Healthcare Life Sciences, Bio-Rad Laboratories Inc., Agilent Technologies Inc., Waters Corporation, PerkinElmer Inc., Shimadzu Corporation, Sigma-Aldrich Corporation (now part of Merck KGaA), and Tosoh Corporation. Each of these companies brings unique strengths to the market, ranging from expertise in analytical instruments to advanced chemical synthesis capabilities.
Some of the key factors driving the growth of the chromatography reagents market worldwide include:
- Growing demand for chromatography in drug development: Chromatography is widely used in drug development and research, and the increasing demand for new drugs is expected to drive the growth of the chromatography reagents market.
- Advancements in chromatography technology: Technological advancements in chromatography, such as high-performance liquid chromatography (HPLC) and ultra-high-performance liquid chromatography (UHPLC), are leading to the development of more sophisticated and efficient chromatography reagents.
- Increasing use of chromatography in food and beverage testing: Chromatography is increasingly being used in food and beverage testing to ensure the safety and quality of products. This is expected to drive the growth of the chromatography reagents market.
- Rise in the number of research and development activities: There is a growing focus on research and development in various industries, including pharmaceuticals, biotechnology, and food and beverage. This is expected to drive the demand for chromatography reagents.
- Growth in the healthcare industry: The healthcare industry is experiencing steady growth, and chromatography reagents are essential in many healthcare applications, such as diagnostics and research.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global chromatography reagents by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global chromatography reagents segmentation based on type, physical state of mobile phase, technology, application, and regional integration.
- The global chromatography reagents report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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