USD 446.13 million
Report ID:
SQMIG35G2121 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
168
|Figures:
79
Chromatography Data System (CDS) Market size was valued at USD 446.13 million in 2022 and is poised to grow from USD 479.59 million in 2023 to USD 855.34 million by 2031, growing at a CAGR of 7.50% during the forecast period (2024-2031).
Chromatography is typical laboratory informatics solution that facilitates chromatography-based analysis. It controls data from chromatography instruments, by using chromatography indicators. Chromatography data system is software program, which is used to automates instruments control, data acquisition, data processing and data storage in various chromatography systems like gas chromatography (GC), high performance liquid chromatography (HPLC), supercritical fluid chromatography (SFC) and capillary electrophoresis (CE). The main purpose of chromatography is to separate various substances that make up mixture. The rising demand of chromatography data system market in pharmaceutical industry, biotechnological industry, life science field leads the market growth. Chromatography data system helps researchers for faster and accurate analysis of chromatography data. Rising demand of flow of information and analysis in clinical and life science research laboratories are key factors for growth of market. Technological advancement in chromatograph detector signal, increases demand of chromatography data system market in world.
US Chromatography Data System (CDS) Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 446.13 million
Largest Segment
Integrated
Fastest Growth
Integrated
Growth Rate
7.50% CAGR
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Global chromatography data system (CDS) market is segmented on the basis of type, end-user, component, application, deployment, vertical, and region. By Type, the market can be segmented by type of CDS, such as standalone CDS and integrated CDS. By Component, the market can be segmented by component, including software and services. By End User, the market can be segmented by end user, including pharmaceutical and biotechnology companies, academic research institutes, contract research organizations (CROs), food and beverage companies, environmental testing companies, and others. By Application, the market can also be segmented by application, including drug discovery and development, quality control and testing, food and beverage testing, environmental testing, and others. By Deployment, the market can be segmented into on-premise and cloud-based. By Vertical, the market can also be segmented by vertical, including life sciences and healthcare, food and beverage, environmental testing, and others. On the basis of region, market is segmented into North America, Europe, APAC, Latin America and MEA.
Analysis by Type
On the basis of device type global chromatography data system market is segmented into standalone and integrated. The integrated chromatography software segment dominated the market and has highest revenue share in 2022. With the integrated software market, the demand for workflow integration has increased to facilitate effective communication and coordination which gives accurate and fast results. Integrated software gives quick access to data and analysis while enabling cooperation between one or more laboratories.
Standalone software tools are all in one system that simplifies chromatography-based analysis and performs their functions without the need for other tools. These device types mainly combine multiple technologies and offer a wide range of applications, helping scientists in pharmaceutical R&D activities to provide focused high-quality research results.
Important applications of standalone chromatography data software are particularly for drug discovery, cancer and genomics research, and forensic testing. Standalone software allows for detailed and focused data and report generation, increasing the adoption of chromatography software.
Analysis by Deployment
On the basis of deployment, global chromatography data system market is segmented into on-premise and cloud-based solutions. The cloud-based software segment dominated the market and accounted for the largest revenue share in 2022. High flexibility, quick accessibility, easy data backup and low handling cost are the key factors that increases growth of market. Real-time tracking and archiving of data, large storage space available to store massive data and remote access to data from any location and device are likely to support the growth of this segment. On-premise software systems give options for data security control, data security and privacy, and easy access to data.
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On the basis of region, market is segmented into North America, Europe, APAC, Latin America and MEA. North America dominated the global market. The key factors for growth of market are increasing government fundings for chromatographic equipment and software development, the presence of large no. of key market players in this region and high adoption rate for new technologies.
Asia Pacific is expected to hold a significant revenue share in the global chromatography data systems (CDS) market during the forecast period due to growing expenditure in analysis and advancement in technology, and launching new products by key market players. In February 2018, Japan's Shimadzu Corporation launched a Shimadzu gas chromatography (GC) setup, incorporating Thermo Fisher Scientific's CDS software Chromeleon 7.2. Shimadzu GC instrument parameters are set via protocols embedded in the Chromeleon software. This allows for an optimal sample injection system that helps increase analytical productivity.
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Driver
The use of chromatography data methods enables researchers and laboratory professionals to interpret chromatography data more quickly, accurately, and without the need for paper. Thus, the market is expected to grow due to the growing need for computerization in laboratory equipment to reduce traditional data record errors and improve cost-effectiveness.
During the forecast period 2022-2029, the continuous advancement of data and its interpretation in clinical and life science experimental laboratories has significantly impacted the growth of the chromatography data system (CDS) market.
Restraint
High cost and overloading of samples will hamper the growth rate of the market. Shortage of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the market.
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Some of major players in chromatography data system industry are adopting strategic formulation such as integration, new product development, geographical expansion and research collaboration to gives maximum revenue share which will promote company growth. Market players are focusing on technological development in chromatography product. Innovations, mergers and acquisitions, collaborations and partnerships are adopted by these players to grow in the competitive market.
Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global chromatography data system market analysis, North America is projected to dominate global market during the forecast period. The key factors that increase growth of these region are increasing government fundings for chromatographic equipment and software development, the presence of large number of key market players in this region and high adoption rate for new technologies. In term of device type, the integrated chromatography software segment dominated the market. The continuous advancement of data and its interpretation in clinical and life science experimental laboratories has significantly impacted the growth of the global market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 446.13 million |
Market size value in 2031 | USD 855.34 million |
Growth Rate | 7.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Chromatography Data System (CDS) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chromatography Data System (CDS) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chromatography Data System (CDS) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chromatography Data System (CDS) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35G2121
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