PUBLISHER: SkyQuest | PRODUCT CODE: 1322003
PUBLISHER: SkyQuest | PRODUCT CODE: 1322003
Global Chromatography Reagent Market size was valued at USD 5.82 billion in 2021 and is poised to grow from USD 6.21 billion in 2022 to USD 10.36 billion by 2030, growing at a CAGR of 6.6% in the forecast period (2023-2030).
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.
Segments covered in this report:
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.
Driver
The applications of chromatography reagents in drug development are witnessing a rise, particularly in the field of cancer treatment. The increasing number of patients requiring effective drugs is driving the demand for advancements in drug development. Pharmaceutical and biotechnology companies are increasingly embracing chromatography technologies for protein separation and identification during the crucial stages of drug discovery and development. These technologies play a crucial role in enabling the development of drugs that have a positive impact on the market and meet the evolving needs of patients.
Restraint
The lack of skilled professionals is a significant challenge in the market for chromatography technologies. Expertise and relevant experience are essential for effectively operating equipment such as chromatography, PCR, and NGS (Next-Generation Sequencing). The need for skilled professionals who possess the knowledge and capabilities to navigate and utilize these technologies is crucial. The current shortage of professionals with the necessary expertise hampers market growth. Furthermore, the lack of knowledge regarding the appropriate selection and application of chromatography techniques also contributes to the hindrance of market expansion.
Market Trends
Chromatography has established itself as the favored separation technique in the field of proteomics and is a prominent emerging trend driving market growth. In the pharmaceutical industry, chromatography is extensively employed for a wide range of tasks. These include sample identification and analysis to detect the presence of chemicals or trace elements, large-scale production of highly pure materials, separation of chiral compounds, assessment of mixture purity and identification of unknown compounds, and drug development processes. The increased utilization of various types of chromatography reagents in the market can be attributed to the significant applications and benefits offered by chromatography in the pharmaceutical industry.