Chromatographic instruments are primarily used in scientific research labs and clinics to isolate mixtures and analyse differences between chemical and physical properties of these mixtures. 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.
Market Size and Forecast
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.
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. CLICK TO DOWNLOAD SAMPLE
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.
Global chromatographic instrumentation can be segmented on the basis of systems into liquid chromatographic systems, gas chromatographic systems and ion chromatographic systems.
Based on consumables the global chromatographic instrumentation market is segmented as columns, frits, pumps, flow cells, tunings and others.
On the basis of applications, global chromatographic instrumentation market is divided as life sciences, food and beverage, environmental testing and others
The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
The global chromatographic instrumentation market is very competitive and includes some of the top players such as:
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