Market Trends of Global Chromatography Instrumentation Industry
This section covers the major market trends shaping the Chromatography Instrumentation Market according to our research experts:
Liquid Chromatography Systems are Expected to Dominate the Chromatography Instrumentation Market
Liquid chromatography (LC) is a separation technique in which the mobile phase is a liquid, where sample ions or molecules are dissolved. Conventional LC is commonly used in preparative scale work to purify and isolate some components of a mixture. Nowadays, liquid chromatography generally utilizes very small packing particles and relatively high pressure for analytical separations of solutions, detection & quantification, referred to as high-performance liquid chromatography (HPLC).
Companies in the market are focusing on launching advanced liquid chromatography systems and components. For instance, in November 2020, PerkinElmer Inc. launched a new HPLC, UHPLC, and next-generation software solution (LC 300TM platform and SimplicityChromTM software). Similarly, in March 2020, Scion Instruments launched new LC6000 series HPLC to their range of chromatography products.
The diverse qualitative and quantitative applications of LC along with mass spectroscopy in the pharmaceutical industry are reported in four key fields, which are synthetic organic chemistry, combinatorial library parallel synthesis, bioanalysis in support of ADME (absorption, distribution, metabolism, and excretion), proteomics, and also pharmaceutical research.
Additionally, in February 2021, Thermo Fisher Scientific launched its Vanquish Online 2D-Liquid Chromatography (LC) system, which offers versatility for multidimensional liquid chromatography. Moreover, in July 2022, Shimadzu launched its i-Series Plus integrated HPLC system that covers conventional to ultra-fast LC analysis. The launch coincides with the company's 50th anniversary of its presence in Europe.
As a result of the aforementioned main advantages, the short analysis time needed, and reliable results, liquid chromatography is extensively used for quality control purposes in the pharmaceutical and biotechnology industries. This will boost the growth of the segment in the coming years.
North America is Expected to Dominate the Market Over the Forecast Period
North America accounts for the largest share of the chromatography instrumentation market due to growing government investments and funding for research. Additionally, the presence of major key participants in this region is expected to drive market growth. The countries also have developed well-structured health care systems. These systems also encourage research and development. These policies encourage global players to enter the United States and Canada. Due to their developed healthcare systems, these economies spend a high percentage of their gross domestic product on research and development. As a result, these countries enjoy the presence of many global market players and research laboratories, primarily using chromatography instrumentation. As demand is met by the presence of global players in the region, the market is further expected to increase.
In February 2022, The Federal Trade Commission approved Sartorius Stedim Biotech S.A.'s petition for prior approval of its acquisition of the Chromatography Equipment Business of Novasep Process SAS. Moreover, in May 2022, Agilent Technologies signed a collaboration agreement with APC Ltd., in which the companies committed to combining their technologies to provide unique workflows to customers that support automated process analysis via liquid chromatography (LC). Such acquisitions are expected to boost the growth of the market in the region.
Moreover, per the American Cancer Society statistic updated in January 2022, cancer continues to be the second most common cause of death in the United States, after heart disease. A total of 1.9 million new cancer cases and 609,360 deaths from cancer are expected to occur in the United States in 2022. The number is estimated to increase in the coming years due to the changing lifestyle of the people found in the region. Therefore, with the increasing prevalence of cancer, chromatography instrumentation is adopted to develop a vaccine for cancer; hence, the market is expected to grow in the region.
Therefore, owing to the above factors, the growth of the chromatography instrumentation market in North America is expected to drive over the forecast period.
