The report is a comprehensive presentation of trends, forecast and dollar values of global chromatography instruments market. According to report the global chromatography instruments market is projected to grow at a CAGR of 7.0% over the forecast period of 2017 - 2023. The global market size was USD 6.89 billion in 2015.
Pune, India -- (SBWIRE) -- 02/22/2018 -- The report "Chromatography Instruments Market by Consumables & Accessories (Consumables and Accessories), Type (Supercritical Fluid Chromatography Systems, System Components, Liquid Chromatography Systems, Thin-Layer Chromatography Systems and Gas Chromatography Systems), Application (Environmental Testing, Food & Beverage Testing, Life Science Research, and Other Applications) - Global Industry Analysis, Trends analysis and Forecast up to 2023 studies the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and Africa)", The chromatography instruments market is expected to reach USD 11.5 Billion by 2023 expanding at a CAGR of 7.5%. Factors driving the growth of this market include initiatives taken to reduce environmental pollution levels, rising food safety concerns, growing importance of chromatography tests in the drug approval process and rising popularity of hyphenated types.
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Consumables are estimated to Account for the Largest Share of the Market in 2017
By consumables and accessories, the chromatography instrument market is classified into consumables and accessories. The consumables segment is expected to lead the global chromatography instrument in 2017. Factors driving the growth of this segment include increasing demand for food and beverages, rising consumer awareness towards healthy food and drinks and growing food safety concerns.
Life Science Research Industry is estimated to Command the Largest Share of the Market during the Forecast Period
Based on application, the chromatography instrument market is categorized into environmental testing, food & beverage testing, life science research, and other applications. The life science research segment is estimated to account for the largest share of the global chromatography instrument market during the forecast period. Increase demand for new drugs, growing importance of chromatography tests in the drug approval process and rising popularity of hyphenated types are the key factors driving the growth of this application segment.
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North America is estimated to Command the Largest Share of the Market
Based on region, the chromatography instrument market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to dominate the chromatography instrument market in 2017. This is attributed to factors such as increasing conferences on chromatography and growing investment in R&D activities mainly in the U.S as well as adoption of new business models coupled with technological advancements.
The report profiles some of the key companies in the chromatography instrument market including Perkinelmer, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Agilent Technologies, Inc., Danaher Corporation, Merck KGaA, Bio-Rad Laboratories, Restek Corporation, Gilson, Inc., JASCO, Inc., and SCION Instruments.