Market Dynamics

Rapid technological advancements in laboratory analytical tools and increasing applicability of chromatography in various end-use industries are major factors expected to drive the growth of the global chromatography market. The flourishing pharmaceutical sector across the globe and rise in spending on the discovery and development of new drugs by the government of developed and developing countries are resulting in demand for advanced analytical tools for high precision. Increase in the number of biotechnology companies and high investment for R&D activities is impacting the growth of the global market.

According to IBEF, the biotechnology industry comprises >2,700 biotech start-ups and >2,500 biotech companies in India. Major players are focused on enhancing the product offering capabilities in order to attract new customers and increase the revenue share. In addition, increasing acquisition and partnership activities in order to increase the business presence are cumulative factors expected to augment the growth of chromatography market.

Global medical instrument manufacturing company SCION Instruments launched LC6000 Liquid Chromatograph in 2020. The SCION 6000 Series offers an array of automation options for workflow optimization, making the lab experience best and easiest possible. This product launch is expected to help the company to enhance the business and increase the revenue share.

In 2017, Kaneka Corporation, a chemical manufacturing company launched KANEKA KanCapA 3G”, a new protein A chromatography resin for the purification of therapeutic antibodies. This product launch is expected to help the company to enhance the product portfolio and increase the revenue share.

Avantor, Inc., launched recombinant Protein A affinity chromatography resin in 2020 which is used to purify antibodies during mAbs production. This product launch is expected to help the company to increase the customer base.

Government focus on strengthening and enhancing the regional manufacturing potential, high expenditure on infrastructure development and availability of favorable business policies is resulting in the emergence of small & mid-size enterprises with innovative solutions is expected to boost the growth of global chromatography market. Factors such as high cost of devices and high spending on R&D activities are expected to hamper the growth of global chromatography market. In addition, lack of skilled professionals and availability of alternative technologies are factors expected to challenge the growth of target market. However, increasing investment by major players for R&D activities, focus on introduction of low cost innovative products, and integration of advanced analytical solutions for better results are factors expected to create new opportunities for players operating in the chromatography market over the forecast period. In addition, players focus towards tracking the untapped market in emerging economies is expected to support the revenue transaction of the target market.

Segment Analysis By Region

The market in North America is expected to account for a major revenue share in the global chromatography market due to high government spending on R&D activities. In addition, the presence of a large number of players operating in the country and focus on new product launches are factors expected to boost the growth of the target market.

The market in Asia Pacific is expected to witness faster growth in chromatography market over the forecast period due to the flourishing pharmaceutical sector and increasing drug R&D activities. In addition, players focus on strategic partnership in order to enhance the business presence and strengthen the distribution channel are factors expected to augment the growth of the regional market.

Competitive Landscape

The global market is high highly competitive due to the presence of a large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Chromatography Market Segment Analysis, 2019

The global chromatography market is segmented into technology and end-use. The technology segment is bifurcated into gas chromatography, ion-exchange chromatography, size-exclusion chromatography, liquid chromatography, reversed-phase chromatography, and others. Among technology, the gas chromatography segment is expected to account for a noticeable revenue share in the chromatography market. The end-user segment is divided into pharmacies and biotech companies, research institutes, forensics, and academic labs. Among end-use, the pharmacies and biotech companies segment is expected to account for major revenue share in the global market.

Players operating in the global chromatography market are Agilent Technologies Inc., Hitachi Ltd., Danaher Corp., Merck KGaA, Catapult Therapy TCR Ld., Bio-Rad Laboratories Inc., Shimadzu Corp., Siemens AG, PerkinElmer Inc., Sigma-Aldrich, Pall, Sciex, Waters, Purolite Ltd., Fluigent, Thermo Fisher Scientific Inc., Valco Instruments Co. Inc.

Market Segmentation

Market By Technology

Gas Chromatography
Ion-Exchange Chromatography
Size-Exclusion Chromatography
Liquid Chromatography
Reversed-Phase Chromatography
Others

Market By End-Use

Pharmacies and Biotech Companies
Research Institutes
Forensics
Academic Labs

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa