Market Analysis - Chromatography 2017
Chromatography has evolved over the years and become a method of choice for analysis, identification, and purification of a wide variety of compounds. Chromatography work is growing rapidly, with value expected to hit $228 billion by 2015, up from $164 billion in the year 2010, marking annual growth of nearly 7%, according to a recent industry research report. The global gas chromatography market, valued at $2,583.6 million in 2014, is expected to reach $3,605.1 million by 2019 at a CAGR of 6.9%.
The Chromatography market is expected to reach USD 9.223 Billion by 2020 from USD 7.062 Billion in 2015, at a CAGR of 5.5%. The global chromatography instruments market is segmented on the basis of systems, consumables, applications, and regions.
Chromatography Resin Market worth 2.3 Billion USD by 2020. The chromatography resin market is projected to register a CAGR of 7.3% between 2015 and 2020, in terms of value. The largest application of chromatography resins is the pharmaceutical and biotechnology segment. The demand for chromatography resins is mainly driven by the growth of biopharmaceuticals R&D activities. The increasing demand for biosimilars is positively impacting the chromatography resins market growth. The market for chromatography resins is also driven by the increasing demand for therapeutic antibodies and its increasing use as a separation technique in the food industry.
The demand for chromatography resins is the highest in North America. The region accounted for approximately 40.1% of the total market in 2014 in terms of volume. The region is projected to register a high CAGR of 7.1%, in terms of volume, between 2015 and 2020. The demand is largely from the U.S. owing the large number of biopharmaceuticals R&D activities in the country. However, Asia-Pacific is projected to register the highest growth during the forecast period. In this region, the demand for chromatography resins has huge potential to grow in the pharmaceutical sector. The growing biosimilars market in emerging economies such as South Korea, India, and China is expected to drive the chromatography resins market.
Chromatography Reagents Market worth 6.310 Billion USD by 2020. The global chromatography reagents market for the forecast period of 2015 to 2020 is expected to reach USD 6.310 Billion by 2020 from USD 4.477 Billion in 2015, at a CAGR of 7.1%.
The global prepacked chromatography columns market during the forecast period (2014-2019) is estimated at $1.42 Billion in 2014, and is projected to reach $2.11 Billion by 2019, at a CAGR of 8.4% from 2014 to 2019. Pre-packed disposable column technology enables user specified inputs tailored to specific applications.
The estimated 1,300crore strong chromatography market continues to hold a major share of the total biosupplier market revenue. The market continues to grow at a rate of 20percent. Dominated by high performance liquid chromatography (HPLC), the chromatography market also includes the important sub-segments such as liquid chromatography (LC), gas chromatography (GC) and ultra-high performance liquid chromatography (UHPLC). Agilent Technologies and Waters equally control around 70percent of the market, followed by Shimadzu and Thermo Fisher, both having a staunch presence in the segment. The overall analytical instruments market which is said to be close to 6,000crore, has also showed consistent growth over a period of time.
The European liquid chromatography systems report defines and segments the concerned market in Europe with analysis and forecast of revenue. The liquid chromatography systems market in Europe was valued at $ 1034.9 million in 2013, and is estimated to grow to $1360.2 million by 2018, at a CAGR of 5.6% from 2013 to 2018.Europe is the second-largest market for liquid chromatography systems, which is expected to grow at a CAGR of 5.6% from 2013 to 2018.Germany has the largest share in the European liquid chromatography systems, and is expected to grow at a CAGR of 5.7% from 2013 to 2018, followed by France, which is expected to grow at the same CAGR as that of Germany. The gas chromatography systems market in Europe is valued at $191.1 million in 2013, and is estimated to grow to around $247.6 million by 2018, at a CAGR of 5.3% from 2013 to 2018.Europe is the second-largest market poised to reach $247.55 million by 2018, and is estimated to grow at a CAGR of 5.3% from 2013 to 2018. The European gas chromatography systems market is mainly driven by strict emphasis on drug and food safety and quality and rise in venture capital funding and investments. Germany accounted for the highest share of the European gas chromatography systems market in 2013, and expected to grow at a CAGR of 5.4%, during the forecast period of 2013 to 2018.
The total HPLC market of India is estimated to be around 600crore, witnessing a growth of over 15percent for fiscal year 2011-12. The tremendous increase in the number of quality control, method development, research, and drug discovery laboratories has been the driving force for the HPLC market. Another sub segment has been increasing its presence substantially. This particular sub-segment, UHPLC is said to gain another 5-10percent of the market in the next 2-3 years.
The chromatography instruments market is expected to reach USD 9.223 Billion in 2020 from USD 7.062 Billion in 2015, growing at a CAGR of 5.5%. The market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the highest rate during the forecast period.
Some of the major players in the global chromatography instruments market include Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies (U.S.), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), Waters Corporation (U.S.), Novasep Holding S.A.S. (France), Pall Corporation (U.S.), JASCO, Inc. (U.S.), GL Sciences, Inc. (Japan), and Phenomenex, Inc. (U.S.).
Global Market Value of Chromatography
Chromatography has evolved over the years and become a method of choice for analysis, identification, and purification of a wide variety of compounds. Chromatography work is growing rapidly, with value expected to hit $228 billion by 2015, up from $164 billion in the year 2010, marking annual growth of nearly 7%, according to a recent industry research report. The global gas chromatography market, valued at $2,583.6 million in 2014, is expected to reach $3,605.1 million by 2019 at a CAGR of 6.9%.This report categorizes the market into three broad segments, namely, Instrumentation, Accessories & Consumables, and Reagents. The market for gas chromatography instrumentation is expected to grow at the highest CAGR of 5.7% from 2014 to reach $883.5 million by 2019. The largest chromatography market is in North America followed by Europe-with the two continents having 70% of the market-then Asia. It is anticipated that whilst North America and Europe will continue to lead the market over the next five years, the chromatography market in Asia will expand and increase its market share.
According to a new market report published by Transparency Market Research "Chromatography Accessories and Consumables Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023" the global chromatography accessories and consumables market was valued at USD 7.8 billion in 2014 and is expected to grow at a CAGR of 7.5% from 2015 to 2023, to reach an estimated value of USD 15.0 billion in 2023.The global market for commercial Chromatography reached $12.1 billion in 2010, $14.6 billion in 2011, and it will further grow to $26.7 billion at an estimated compound annual growth rate (CAGR) of 12.8% by 2017.The liquid chromatography separation systems segment was worth $2.3 billion in 2010 and $2.5 billion in 2011; the segment will further reach nearly $4 billion by 2017 increasing at a compound annual growth rate (CAGR) of 9.6% from 2010 to 2017 and the membrane filtration segment reached $2.5 billion in 2010 and is expected to reach $3 billion in 2011; it will further grow to and reach $3.8 billion by 2017 at a compound annual growth rate (CAGR) of 4.9% from 2010 to 2017.
Best HPLC Columns Manufacturers List
Advanced Chromatography Technologies; Agela Technologies; Agilent; Applied Biosystems; Beckman Coulter; Bio-Rad; Biotage; ChiralTech ; Eksigent; ES Industries; Grace Discovery Sciences ; Hamilton; Imtakt ; J & K Scientific; Kromasil; Life Technologies; MAC-MOD; Peeke Scientific; PerkinElmer ; Phenomenex; Restek; Sigma-Aldrich Co. ; Shiseido; Waters Corporation; Chromtech Analytical Instruments GmbH; Aurora Borealis Control; Hichrom Limited