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HEALTHCARE & PHARMACEUTICAL

2D Chromatography Market Analysis by Product (2D Gas and Liquid Chromatography Products); by Application (Life Science Research, Environmental Analysis, Food, and Beverage Testing, Petrochemical and Natural Gas Analysis); and by End-User (Hospitals, Biotechnology, and Pharmaceutical Sector, Ambulatory Surgery Centres, Cancer Research Laboratories, Agriculture and Food Industries, and Speciality Clinics) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  •  Danaher Corporation declared that it signed an agreement with Sartorius AG to sell its businesses of label-free biomolecular characterization, chromatography hardware & resins, microcarriers, and particle validation standards. The revenue of these businesses together was worth USD 140 million in 2018.

  •  Shimadzu Corporation announced the release of the LCMS-2050 high-performance liquid chromatograph mass spectrometer (LC-MS). The main motive for this was to increase the sale of LCMS-2050 by two times by providing a convenient analysis environment and reliable analytical results to the LC-MS system users.

Global 2D Chromatography Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Base Year

2023

Forecast Year

2023-2035

CAGR

~10.5%

Base Year Market Size (2023)

~ USD 1.04 Billion

Forecast Year Market Size (2035)

~ USD 3.45 Billion

 

The global 2D chromatography market is estimated to garner a revenue of ~USD 3.45 Billion by the end of 2035 by growing at a CAGR of ~10.5% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 1.04 Billion in the year 2023. Rising research and development activities by pharmaceutical and biopharmaceutical companies and growing attention on research of life science are estimated to fuel the market growth during the forecast period. As per the estimations, more than 60,000 clinical trials are currently active in the life sciences sector in 2022 mostly on drug safety and efficiency.

market overview

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Rising growth and development in the petroleum industry and increasing applications of 2D chromatography are expected to boost the growth of the two-dimensional chromatography market in the coming years. In 2021, the U.S imported about six barrels per day (b/d) of crude oil with Canada accounting for half of the U.S oil imports replacing the status of Organization of the Petroleum Exporting Countries from the main source over the past ten years.

Global 2D Chromatography Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Concerns about Sanitation and Food Safety – The global anxiety in people about their food being unhygienic is growing. Increasing awareness about food safety has rose interest among individuals to know more about the production, manufacturing, and packaging of food products. After the pandemic, the virus contamination risk is the major factor people are more worried about. It is observed that over 10% of people worldwide felt that improving food safety is the responsibility of the manufacturer and that the government should implement the same. All these factors are expected to drive the market growth in the coming years. The percentage of concern among people about various things of food safety includes 40% about storage, over 35% about production and packaging, 68% about odor, and 30% about sourcing.
  • Growing Number of Biotech and Pharmaceutical Companies – According to the estimated data, over 30 companies in 2019, and more than 90 companies increased in 2020.
  • Elevating Cases of Cancer – As per the estimations about 2 million new cancer cases are diagnosed in 2022 along with 600,000 deaths in the U.S.
  • Increasing Application in the Medical Industry – The use of gas chromatography accounts for 25% of clinical chromatographic practices in the toxicology sector of the medical industry.
  • Rising Focus on Drug Development – As per The World Bank Organization, small-scale biotech companies attributed to over 60% of new drug approvals in 2022 from the baseline of 50% in 2015 in the U.S.

Challenges

  • Lack of Awareness and Skilled Professionals
  • High Cost of 2D Chromatography Systems
  • Rising Inclination Towards 3D Chromatography

The global 2D chromatography market is segmented and analyzed for demand and supply by the product into 2D gas and liquid chromatography products. Out of these, the 2D gas chromatography segment is anticipated to hold the largest market size by the end of 2035 on the back of increasing development in the oil industry and rising concerns regarding environmental pollution. From 1970 to 2020, the emission levels of six common pollutants including ozone, lead, carbon monoxide, nitrogen dioxide, sulfur dioxide, and particles are reduced by 78% with the implementation of the Clean Air Act as per the United States Environmental Protection Agency.

Major Macro-Economic Indicators Impacting the Market Growth

market growth

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5,355.79, which grew from USD 3,515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global 2D Chromatography Market Regional Synopsis

Regionally, the global 2D chromatography market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2035 on the account of growing gas and oil industry and rising government initiatives to enhance the laboratory infrastructure. The crude oil production in the U.S during 2022 was 11.7 million b/d and increased to 12.4 million b/d in 2022 as per the U.S Energy Information Administration. Also, the increase in the use of heating oil by households is estimated to drive market growth.

As per the U.S Energy Information Administration, in the U.S during winter in 2019 the household consumption of heating oil was about 400 gallons and increased to more than 500 gallons by doubling the consumption of oil in 2022.

market region

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The global 2D chromatography market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global 2D chromatography market includes the following segments:

                     By Product

  • 2D Gas Chromatography Products
  • 2D Liquid Chromatography Products

 

 

 

                  By Application

  • Life Science Research
  • Environmental Analysis
  • Food Testing
  • Beverage Testing
  • Petrochemical and Natural Gas Analysis

 

                  By End-User

  • Hospitals
  • Biotechnology and
  • Pharmaceutical Sector
  • Ambulatory Surgery Centres
  • Cancer Research Laboratories
  • Agriculture and Food Industries
  • Speciality Clinics

Top Featured Companies Dominating the Global 2D Chromatography Market

  • Merck KGaA

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Agilent Technologies, Inc.
  • LECO Corporation
  • Waters Corporation
  • Shimadzu Corporation
  • Restek Corporation
  • SepSolve Analytical Ltd
  • Danaher Corporation
  • Bio-Rad Laboratories, Inc.
  • Thermo Fisher Scientific Holdings, Inc.

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