Research Nester has recently announced new market demand assessment research titled “Chromatography Instrumentation– Global Demand Analysis & Opportunity Outlook 2021”. The global market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing &new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
Global chromatography instrumentation market is projected to swell from USD 7.3 Billion in 2015 to reach USD 9.5 Billion by 2020, exhibiting a compound annual growth rate (CAGR) of 4.5%.
Geographically, the global chromatography instrumentation market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific and Rest of World. Asia-Pacific region is anticipated to behold the highest growth rate in global chromatographic instrumentation market over the forecast period i.e. 2015-2021.
North America holds the top rank in global chromatography instrumentation market. The market in the region is likely to get propelled by rising government expenditure on research and development activities in the healthcare industry. The U.S. is expected to be the largest chromatographic instrumentation market in North America followed by Canada.
Europe is anticipated to be the second largest chromatographic instrumentation market behind North America. The chromatographic instrumentation market in Europe is also believed to bolster from increasing research for development of new and innovative drugs. On the other hand, growth of Asia-Pacific chromatographic instrumentation market is anticipated to foster at a stupendous pace owing to increasing disposable incomes, rising food security awareness and increasing government funding on biochemical research in countries such as India, China, Japan and Singapore.
Growth Drivers and challenges
Expansion in pharmaceutical and biotechnology industries is expected to be a key driver of global chromatographic instrumentation market over the forecast period.
In addition to that, rising government spending on research and development is also believed to augment the growth of global chromatography instrumentation market.
However, less successful rate in biotechnological research, global economic slowdown and high cost of chromatography instruments are major factors that are expected to hamper the growth of global chromatography instrumentation market in future.
The global chromatographic instrumentation market is very competitive and includes some of the top players such as Thermo Fisher Scientific, Inc., PerkinElmer, Inc, Agilent Technologies, Shimadzu Corporation, Novasep Holding S.A.S., Waters Corporation, JASCO, Inc., Pall Corporation, GL Sciences, Inc., etc.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
- Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
- Rest of World
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