Growing demand for advanced technologies is a significant factor influencing growth of the market.
Market Size – USD 3.6 billion in 2020, Market Growth – at a CAGR of 5.5%, Market Trends –Increasing demand for advanced medicines and robust investment
The chromatography accessories & consumables market is expected to USD 5.4 billion by end of 2028 from 3.6 billion in 2020, expanding at a CAGR of 5.5% during the forecast period. This growth of the market is attributable to growing adoption of chromatography along with other associated technologies across research and quality checks. Additionally, the factor such as growing adoption in fields medicine, metabolomics, proteomics, and genomics coupled with increasing demand for improved diagnostics and therapeutics are fueling growth of the global chromatography accessories and consumables market.
However, growing adoption of the alternative options along with high costs of technology is restraining growth of the global chromatography accessories and consumables market. Nonetheless, rising number of seminars, studies, and conferences leading to increase in awareness levels among technicians about benefits of the chromatography accessories and consumables are estimated to fuel the growth of its market.
Additionally, continuously improving technology in the chromatography accessories and consumables are estimated to offer several growth opportunities in the coming future.
Key companies operating in the market and profiled in the report include:
Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Shimadzu Corporation, Waters Corporation, and PerkinElmer, Inc.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Chromatography Accessories & Consumables market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The Chromatography Accessories & Consumables market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
By Product Outlook (Revenue, USD Billion; 2018-2028)
- Fraction Collectors
- Pressure Regulators
By Technology Outlook (Revenue, USD Billion; 2018-2028)
By End User Outlook (Revenue, USD Billion; 2018-2028)
- Pharma & Biotech
Key Regions Analyzed in the Report include:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Chromatography Accessories & Consumables market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Key findings from the report
- On the basis of product, the chromatography columns segment is projected to hold the largest share in the revenue of the chromatography accessories and consumables market in 2020. However, the detectors segment is estimated to expand by exhibiting a faster CAGR over the forecast period owing to growing its adoption across industries and especially in pharmaceuticals.
- On the basis of technology, the rising awareness regarding the adoption and benefits of liquid chromatography across the industries such as food and beverages, which is fueling the segmental growth during the forecast period. Owing to such factors, the segment is also estimated to witness fastest growth at a CAGR during the forecast period.
- On the basis of end user, the hospital segment is estimated to expand by exhibiting CAGR during the forecast period owing to growing adoption of technology for several tests such as blood and lipid tests.
- However, Asia Pacific is estimated to expand at a significant CAGR over the forecast period owing to robust adoption from research laboratories witnessed in the region. Additionally, This growth is attributable to the presence of stringent drug development regulations, increased funding in medical research, and the growing number of metabolomics research activities in the region.
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