The concentrated rivalry between Agilent Technologies, Shimadzu Corp., Thermo Fisher Scientific, and Waters Corp. characterizes the competitive landscape of the global chromatography systems market , finds a research study published by Transparency Market Research (TMR). These four companies held nearly 85% of the overall market in 2012. The leading players are constantly trying to retain as well as expand their market share by adding new and advanced products to their portfolios, which is likely intensify the competition within the market in the long run.
As per the study, the global market for chromatography systems is likely to rise at a CAGR of 5.20% during the period from 2013 to 2019 and reach a value of US$10.3 bn by the end of the forecast period. Liquid chromatography systems report a higher demand than other types of chromatography systems and are expected to continue to do so over the next few years. The revenue generated by this segment is likely to cross US$5.2 bn by the period of forecast.
Constant Efforts for Developing Novel Chromatography Systems to Ensure North America’s Growth
The geographical analysis of the worldwide market for chromatography systems has also been offered in this research study. According to it, the market stretches across Europe, North America, Asia Pacific, and the Rest of the World. Thanks to the rise in the direct and indirect investments by the U.S. government and private enterprises in chromatography, North America has acquired the leading position in the global market. Researchers expect the constant efforts of several organizations, such as ChromSoc and CACA, for the development of this field will continue to boost the North America market for chromatography systems in the coming years, ensuring its dominance. The regional market is likely to reach US$4.2 bn by 2019.
The markets for chromatography systems in Europe and Asia Pacific are also projected to exhibit strong growth in the near future. Europe is expected to benefit from the presence of established players, which are focusing aggressively on the introduction of novel technologies to expand the scope for the development of chromatography. Asia Pacific, on the other hand, is anticipated to exhibit a high paced rise over the next few years due to the increase in outsourcing activities and the rising number of conferences on chromatography in this region, states the research report.
Technological Advancements to Influence Market’s Growth
“The global market for chromatography systems is heavily impacted by the technological advancements in chromatography,” says the author of this report. The continuous modification of instruments and consumables used in chromatography has reflected positively on the global demand for chromatography systems. With increased funding from various governments and enterprises, this market is likely to register a tremendous growth over the forthcoming years, notes the study.
The report, however, further states that the high cost of chromatography systems and technologies may impede the growth of this market to some extent in the near future.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Chromatography Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019.”
The global chromatography systems market is segmented into the following categories:
- Gas Chromatography
- Liquid Chromatography
- High Pressure Liquid Chromatography (HPLC)
- Ultra High Pressure Liquid Chromatography (UHPLC)
- Low Pressure Liquid Chromatography (LPLC)
- Ion Exchange Chromatography (IEC)
- Affinity Chromatography (AC)
- Supercritical Fluid Chromatography (SFC)
- Column Chromatography
- Thin Layer Chromatography (TLC)
By End Users
- Biotechnology and Pharmaceutical Industries
- Hospitals and Research Laboratories
- Agriculture and Food Industries
- Others (Cosmetic Industries, Environmental Agencies and Nutraceutical Companies)
- North America
- Asia Pacific
- Rest of the World (RoW)
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