Chromatography Instruments Market To Witness Strong Growth Due To Rise In Adoption Of Chromatography Instruments

 

Chromatography Instruments Market

Overview:

Chromatography Instrument is an instrument that separates and analyzes substances by a chemical process. There are several different kinds of chromatography, however, the basic idea is the same for all. There are many different types of chromatography columns that perform various tasks, depending on the type of chromatography being performed. These include packed columns, which contain spheres of diatomaceous earth particles, and capillary columns, which are thinner and longer than packed columns and have the whole wall coated in the desired stationary phase.

Market Dynamics:

The applications of chromatography are growing in different fields including, chemical, pharmaceutical, and food industries. Thus the adoption of chromatography techniques is growing among several applications including drug discovery processes. This in turn is expected to drive growth of the global chromatography instruments market over the forecast period. For instance, in February 2022, Thermo Fisher Scientific Introduced novel portfolio of chromatography and mass spectrometry consumables intended for improving analytical performance and sample security in routine and research laboratories.

However, high cost equipment of chromatography is likely to hinder growth of the global chromatography instruments market during the forecast period.

Impact of COVID-19:

The emergence of COVID-19 pandemic has impacted several industries including analytical instruments market. It has adversely affected sales and purchases by end users in chromatography instruments market. Manufacturing facilities and supply chains were disrupted in this sector along with distribution operations. This in turn affected production and demand in the market, which adversely impacted the market growth. Thus, the COVID-19 pandemic had a negative impact on the global chromatography instruments market.

Key Takeaways:

·         The global chromatography instruments market is anticipated to grow with a CAGR of 6.5% during the forecast period, due to rise in investments in pharmaceutical research and development activities. For instance, in July 2022, the Government of India launched a novel schemes, Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS) for strengthening MSMEs in pharmaceutical industry, intended for providing support to pharmaceutical MSMEs to upgrade their technology.

·         North America is anticipated to show substantial growth in the global chromatography instruments market during the forecast period. This is due to rise in investment and funding for research by government, and robust presence of key market players across the region.

·         Major players functioning in the global chromatography instruments market are Gilson, Inc., Agilent Technologies, Restek Corporation, Waters Corporation, Bio-rad Laboratories, Shimadzu Corporation, Sartorius AG, Thermo Fisher Scientific, Merck KGaA, and Perkinelmer, Inc.