USD 5821.08 million
Report ID:
SQMIG15E2121 |
Region:
Global |
Published Date: July, 2024
Pages:
211
|Tables:
126
|Figures:
76
Chromatography Reagent Market size was valued at USD 5821.08 million in 2019 and is poised to grow from USD 6213.71 million in 2023 to USD 10361.15 million by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
Increasing investments in R&D for the pharmaceutical and biotechnology industry are influenced the market growth. Increasing importance of chromatography tests for drug approvals is also responsible for the growth of the market. Growing use of chromatography in proteomics and genomics benefits major players in emerging countries. The technique uses chromatography reagents to measure purity of the drug.
Also, chromatography technique is used in the food and beverage industries, and the cosmetic industry. The technique is used in pharmaceutical industry for identifying and analyzing samples for the presence of chemicals or trace elements, separating chiral compounds and detecting mixture purity. It is utilized for preparing large quantities of extremely pure materials. These varieties used in pharmaceutical and cosmetics industry are influencing the demand for chromatography reagents.
US Chromatography Reagent Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5821.08 million
Largest Segment
Solvents
Fastest Growth
buffers
Growth Rate
6.6% CAGR
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Global Chromatography Reagent Market is segmented based on the Type, Technology, Separation Mechanism, end users, and region. Based on the type, the Chromatography Reagent Market is segmented into solvents, buffers, derivatization reagents, Ion-Pair reagents. Based on the technology, the Chromatography Reagent Market has been segmented into gas chromatography (GC), liquid chromatography (LC), Supercritical Fluid C(SFC), thin layer chromatography (TLC), and Paper Chromatography. Based on the separation Mechanism, the Chromatography Reagent Market has been segmented into Adsorption Chromatography, Partition Chromatography, Ion-Exchange Chromatography, Size-Exclusion Chromatography, Affinity Chromatography. Based on end users Chromatography Reagent Market is segmented as Pharmaceutical, Biopharmaceutical and biotech companies, Clinics and hospitals, Cosmetics companies, Academics, research and government, Food and beverages companies. Based on Region, Chromatography Reagent Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Chromatography Reagent Market Analysis by End Users
The Pharmaceutical industry dominated the market in 2021 and it is the key end users of chromatography reagents. They use as analytical instrumentation during various stages of drug discovery, drug research and development. Rising number of drug discovery and clinical trial projects, and patent expiry of blockbuster drugs and biomolecules are some of the key factors influencing the growth of this segment.
Cosmetic industry is the fastest growing segment in terms of application of chromatography reagents. Chromatography reagents are used in preparation for various types of chemicals in its pure form.
Chromatography Reagent Market Analysis by Separation Mechanism
The adsorption chromatography segment dominated the market and also it is expected to grow at the fastest rate during the forecast period. Retention in this method is based on the competition of the analyte with molecules. Wide range of applications and higher adoption of adsorption as a separation mechanism in various industries are key factors for market growth.
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The North American region dominated the global market in 2021, due to increased adoption of chromatography techniques in the food and beverage and pharmaceutical industries, which are increased the demand for chromatography reagents in the region. United States is the leading North America market. Increasing number of R&D and drug discovery activities in the region is driving the market growth. Rising investments in genomics R&D is driving the market in the coming years.
Asia Pacific is anticipated to fastest growth at a higher CAGR during the forecast period due to rise in investment in health care in countries such as China and India. Also, the increasing productivity of drugs in that region increased the demand for chromatography reagents.
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Chromatography Reagent Market Driver
Rising applications of chromatography reagents for drug development
Chromatography Reagent Market Restraint
Lack of skilled professionals
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Global Chromatography Reagent Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Chromatography Reagent Market Top Player's Company Profiles
Chromatography Reagent Market Recent Developments
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 Reagent Market analysis, Asia Pacific is expected to capture higher market share during the forecast period, the growth of the region is attributed to the increasing productivity of drugs in that region. China has emerged as a significant contributor to market growth in Asia Pacific. In terms of end users, the pharmaceutical industry segment dominates the market. This segment's leading position can be attributed to its extremely use of chromatography reagents during various stages of drug discovery, drug research and development. Increasing used of chromatography reagents in cosmetics industry are expected to offer opportunities for manufacturers in the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5821.08 million |
Market size value in 2031 | USD 10361.15 million |
Growth Rate | 6.6% |
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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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 Reagent 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 Reagent 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 Reagent Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chromatography Reagent 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.
Chromatography Reagent Market size was valued at USD 5821.08 million in 2019 and is poised to grow from USD 6213.71 million in 2023 to USD 10361.15 million by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
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Report ID: SQMIG15E2121
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