Chromatography Technologies to Grow at a CAGR of 7.4 Percent

Driven by its diverse nature and many applications for use, the chromatography global market is expected to see vast growth. Chromatography is a technique that separates the components or solutes from a mixture. For example, the concentrations of cocaine in urine, alcohol in blood, and lead in water can be determined through chromatography. The chromatographic techniques of separation make them ideal for tests/analysis in fields such as pharmaceuticals, chemicals, toxicology and many others. Growth in these industries is giving rise to new and improved chromatography techniques.

The major players in this market include: Thermo Scientific, Agilent, Danaher (AB Sciex), Tosoh Biosciences, Sigma-Aldrich, WVR, BioRad, EMD, W R Grace and Waters. The chromatography reagents market is expected to grow rapidly over the years, with values anticipated to reach USD 14.2 billion by 2023, at a compound annual growth rate (CAGR) of 7.4 percent.

Research highlights:

• The global market is dominated by North America. In the next five years, the growth of the market in the Asia-Pacific region will be centered in China, India, Singapore, Malaysia, Vietnam, and Japan.
• During 2017, the liquid and flash chromatography reagents market held the largest market share, followed by gas chromatography reagents and ion exchange chromatography.

The primary factors leading to the growth of the chromatography reagents market are the rise in government investments, increasing demand of chromatography reagents in the pharmaceutical industry, innovation in the market, continual rise in acquisitions/partnerships among players in the market and widespread usage of chromatography reagents. In the past few years, there have been many innovations in the field of chromatography reagents. Many major companies and research institutes have introduced new products. This is the result of increasing investments in R&D producing constant innovations in terms of advanced designs and better-performing reagents that have attracted attention in the market around the world. – BCC Research