Albany, NY -- (SBWIRE) -- 07/10/2014 -- According to a new market report published by Transparency Market Research "Chromatography Systems Market (Gas Chromatography, Liquid Chromatography and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" the global chromatography systems market was valued at USD 6,982.3 million in 2012 and is estimated to reach a market worth of USD 10,364.2 million in 2019 growing at a CAGR of 5.2% from 2013 to 2019.
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Chromatography system is a process of separating individual components from the sample mixture aiming to analyze and identify compounds. This system is commonly used to separate components and ions into two phases namely moving phase and stationary phase. All types of chromatography systems work on the same principle i.e., separation of sample mixture into stationary phase (solid or liquid supported on solid) and mobile phase (liquid or gas). The stationary phase segregates components of the mobile phase according to the different migration velocity of individual components. Increasing number of research and development activities coupled with increasing participation of government and private organizations for the development of chromatography systems will accentuate the growth of chromatography systems market globally.
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In addition, new product development by key market players will further drive the growth of chromatography systems market during the study period. For instance, in June 2013, Roche Applied Science launched His-Tag purification column for protein purification. This new column is featured with nickel-chelate chemistry and is compatible with reducing agents such as EDTA and other salt environments. These types of products will establish healthy platform to attract new end-users and hence drive the market growth. However, high cost of chromatography instruments and consumables will restrain the growth of the global chromatography systems market. Chromatography systems market is segmented by types and by end-users. By types segment is further divided as gas chromatography, liquid chromatography and others. Liquid chromatography market is further classified as ultra high pressure liquid chromatography, low pressure liquid chromatography and high pressure liquid chromatography. While others segment includes ion exchange chromatography, affinity chromatography, super critical fluid chromatography, column chromatography and thin layer chromatography systems. End-users segment of chromatography systems market is categorized as biotechnology and pharmaceutical industries, hospitals and research laboratories, agriculture and food industries and others.
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North America accounted for the largest market share and is expected to dominate the market during the forecast period. Rising research and development activities and presence of large number of key players in North America helps this region to hold strong position in chromatography systems market. Europe contributed the second largest share of over 30% of the total market in 2012. Introduction of novel technologies by domiciled key players coupled with increasing usage of chromatography systems in various sectors like health, environment and biotechnology will drive the growth of chromatography systems market in European region. The Asia-Pacific region is expected to grow at the highest CAGR from 2013 to 2019, due to rise in demand of cost effective separation techniques and increasing investments by key players in the Asia-Pacific region.
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