Segmentation by Systems (Liquid, Gas, and Ion Chromatographic Systems); by Consumables (Columns, Frits, Pumps, Flow Cells, Tunings, and Others); by Application (Life Sciences, Food & Beverage, Environmental Testing, and Others) – Global Demand Analysis & Opportunity Outlook 2029
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The global chromatography instrumentation market is thriving on account of the growing need for laboratory tests of different chemical molecules in the end-user industries owing to the rising food safety concerns, and the growing initiatives of the government for reducing environmental pollution and others. Moreover, increasing spending by both private entities and governments of nations worldwide for scientific research and development is also anticipated to contribute to the market growth. The market is segmented by systems into liquid, gas, and ion chromatographic systems. Among these segments, the liquid segment is projected to grab the largest market share by the end of 2021. In liquid chromatography (LC), where the mobile phase is a liquid, numerous advancements have been observed, including the development of high-performance liquid chromatography (HPLC) techniques. HPLC is widely used in the laboratory and clinical science. Some of the wide range applications of HPLC are in manufacturing, in the detection of illicit drugs for legal purposes, in scientific research, and in medical applications among others.
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Chromatography is the process of separating molecules from a mixture. Chromatography instrumentation is referred to all the instruments used for processing the laboratory technique. There are different types of chromatography techniques, namely, column chromatography and planar chromatography. Planar chromatography is further classified as paper chromatography and thin-layer chromatography. The process of chromatography works with the principle where molecules, which are dissolved in a fluid (also known as the mobile phase), are applied onto the surface or into the solid, (also known as the stationary phase), and is then carried through a system. Depending on the interactions of the mixture with the surface sites in the stationary phase, the molecules travel at different speeds, thereby resulting in the separation of the various constituents of the mixture.
Growing Awareness for Hyphenated Analytical Techniques to Expand the Growth of the Market
Hyphenated analytical technique is referred to the combination of spectral methods and chromatography. The process involves the separation of the molecules using chromatographic separation methods, followed by the peak identification of the separated molecules with spectrophotometers, a device that combines UV with mass spectrometry (MS), nuclear magnetic resonance (NMR), or infrared (IR). Hyphenated chromatography techniques aid researchers to exploit the advantages of both the laboratory techniques in a single time and thereafter solve complex analytical problems. Liquid chromatography-nuclear magnetic resonance (LC-NMR), liquid chromatography-mass spectrometry (LC-MS), gas chromatography-mass spectrometry (GC-MS), and capillary electrophoresis-mass spectrometry (CE-MS) among others are some of the most commonly used hyphenated chromatography techniques around the globe.
Hyphenated chromatography techniques also provide numerous benefits, which include less analytical time, enhanced selectivity, capable of automated processes, and others. The technique is also used widely in food testing, clinical screening, forensic investigations, and others, apart from its applications in the pharmaceutical and biotechnology industry. Such factors are therefore anticipated to drive the growth of the global chromatography instrumentation market in the coming years.
High Cost of Chromatography Instruments and Presence of Alternatives to Hamper the Market Growth
Despite the increasing awareness for HPLC and hyphenated chromatography analytical techniques, the presence of numerous alternatives to chromatography, such as high-resolution ultrafiltration, capillary electrophoresis, charged ultra-filtration membranes, crystallization, and others, is anticipated to hamper the market growth. Moreover, the high cost of chromatography instrumentation, which raises the overall cost of the research process, is further projected to lower the growth of the global chromatography instrumentation market during the forecast period.
Our in-depth analysis of the global chromatography instrumentation market includes the following segments:
By Systems
By Consumables
By Application
By Region
On the basis of regional analysis, the global chromatography instrumentation market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions. Among the market in these regions, the market in North America is projected to hold the largest market share by the end of 2021 owing to the favorable initiatives of the government that supports research and development, backed by rising government expenditure. Additionally, the presence of a strong healthcare system in the region is also anticipated to drive the growth of the market significantly in the coming years.
The global chromatography instrumentation market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Growing awareness for hyphenated chromatography techniques amongst scientific researchers, along with the growing advancements in laboratory instrumentation are some of the major factors driving the market growth.
Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.
Ans: The major companies in the market are Thermo Fisher Scientific Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Shimadzu Corporation, Novasep Holding SAS, and others.
Ans: The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market in North America is projected to hold the dominating share by the end of 2021 owing to the presence of a strong healthcare system in the region, and therefore the need for the deployment of advanced laboratory instrumentations.
Ans: The chromatography instrumentation market is segmented by systems, consumables, application, and by region.
Ans: The liquid chromatography (LC) segment is projected to hold the dominating share by the end of 2021 on account of the growing utilization of HPLC techniques by researchers.
Ans: Availability of alternatives is one of the major factors estimated to act as barriers to the growth of the market.
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