by The global chromatography instruments market size reached USD 9.98 billion in 2023 and is predicted to be worth around USD 16.30 billion by 2033, growing at a CAGR of 5.03% from 2024 to 2033.
Key Points
- The North America chromatography instruments market size accounted for USD 4.29 billion in 2023 and is expected to attain around USD 7.01 billion by 2033.
- North America dominated the market with the largest revenue share of 43% in 2023.
- Asia Pacific is expected to grow rapidly during the forecast period.
- By system, the liquid chromatography segment dominated the market in 2023.
- By system, the gas chromatography segment is expected to witness the fastest growth over the forecast period.
- By product, the consumables segment has held the biggest revenue share of 63% in 2023.
- By product, the component segment is expected to grow significantly during the projected period.
- By application, the pharmaceutical & life science firms led the market with the biggest market share of 54% in 2023.
The chromatography instruments market refers to the industry involved in manufacturing and distributing equipment used for chromatographic separation techniques. Chromatography is a widely utilized method for analyzing complex mixtures by separating them into individual components. Chromatography instruments play a crucial role in various industries including pharmaceuticals, biotechnology, food and beverage, environmental analysis, and research laboratories.
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Growth Factors
The growth of the chromatography instruments market is driven by several key factors. Firstly, increasing demand for chromatography techniques in drug discovery and development processes is a significant driver. Additionally, the growing focus on environmental testing and the need for food safety analysis contribute to market expansion. Technological advancements such as high-performance liquid chromatography (HPLC) and gas chromatography-mass spectrometry (GC-MS) have also spurred market growth by improving analytical capabilities and efficiency.
Region Insights
The market for chromatography instruments is global, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe have historically dominated the market due to well-established pharmaceutical and biotechnology industries, stringent regulations, and significant R&D investments. However, Asia Pacific is witnessing rapid growth driven by expanding healthcare infrastructure, increasing research activities, and rising investments by multinational companies in the region.
Chromatography Instruments Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 5.03% |
| Chromatography Instruments Market Size in 2023 | USD 9.98 Billion |
| Chromatography Instruments Market Size in 2024 | USD 10.48 Billion |
| Chromatography Instruments Market Size by 2033 | USD 16.30 Billion |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By System, By Product, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Chromatography Instruments Market Dynamics
Drivers
Several drivers propel the chromatography instruments market forward. These include the growing adoption of chromatography techniques in drug development, rising demand for analytical testing in various industries, and expanding applications of chromatography in proteomics and metabolomics research. Moreover, increased government funding for research and development activities related to healthcare and life sciences further stimulates market growth.
Opportunities
The chromatography instruments market offers promising opportunities for innovation and expansion. Opportunities lie in the development of advanced chromatography technologies with improved sensitivity, speed, and accuracy. Additionally, emerging markets present untapped potential for market players to establish a stronger presence and cater to the growing demand for analytical instruments.
Challenges
Despite its growth prospects, the chromatography instruments market faces certain challenges. These include the high cost associated with acquiring and maintaining advanced chromatography equipment, particularly for small and medium-sized laboratories. Moreover, complexities in method development and validation, as well as regulatory constraints, pose challenges to market players operating in this space.
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Chromatography Instruments Market Recent Developments
- In July 2023, Valmet announced the acquisition of the Process Gas Chromatography business of Siemens. The former company intends to strengthen its automation segment and process automation with the addition of the latter company’s process industry gas chromatography system and process analyzer systems to its offering.
- In March 2023, US-based Waters Corporation introduced its next-generation HPLC chromatography system, Alliance™ iS, for its users in the QC laboratories.
- In June 2022, PerkinElmer, Inc. launched the GC 2400 Platform, an advanced, automated gas chromatography (GC), headspace sampler, and GC/mass spectrometry (GC/MS) solution designed to help lab teams simplify lab operations, drive precise results, and perform more flexible monitoring.
- In May 2022, Thermo Fisher Scientific Inc. inaugurated a new manufacturing facility for single-use technology in Utah, U.S. Furthermore, Thermo Fisher launched the Thermo Scientific SureStart portfolio for chromatography and mass spectrometry consumables in February 2022, showcasing its commitment to advancing chromatography solutions.
- In January 2022, RotaChrom announced the launch of its long-term strategic partnership with lea Red Mesa Science & Refining. Their first goal is to create new and profitable operations using RotaChrom’s centrifugal chromatography solution.
Chromatography Instruments Market Companies
- Agilent Technologies
- Bio-Rad Laboratories
- Cytiva
- PerkinElmer
- Pall Corporation
- Sartorius
- Shimadzu
- Shodex
- ThermoFisher Scientific
- Waters Corporation
Segments Covered in the Report
By System
- Liquid Chromatography
- Gas Chromatography
- Other Systems
By Product
- Components
- Autosamplers
- Pumps
- Detectors
- Column Accessories
- Fraction Collectors
- Other Components
- Consumables
- Tubes
- Columns
- Vials
- Solvents/Reagents
- Other Consumables
By Application
- Pharmaceutical/Biotechnology Industries
- Academic/Research Institutes
- Other Industries
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
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