Albany, NY -- (SBWIRE) -- 09/05/2018 -- A featured report, titled "Chromatography Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," from Transparency Market Research (TMR) offers the latest insights into the market.According to this report, the global chromatography systems market is projected to expand at a CAGR of 5.20% during the forecast period from 2013 to 2019. In 2012, the global chromatography systems market was recorded at US$6.9 bn and by 2019, the market is projected to be worth US$10.3 bn.
The global chromatography systems market is driven by the rising awareness of consumers due to the growing number of conferences and exhibitions. Furthermore, the technological innovation in chromatography instruments will also propel the global chromatography systems market. The increasing support and participation of government agencies will also have a positive impact on the global chromatography systems market.
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On the other hand, the global chromatography systems market will be challenged by the high cost of chromatography systems and technologies. Players in the global chromatography systems market will benefit from opportunities such as the rising investment in emerging economies and the elevated focus on research and development.
The global chromatography systems market is segmented broadly on the basis of product type, end use, and geography. By product type, the global chromatography systems market is divided into gas chromatography, liquid chromatography (LPLC, UHPLC, and HPLC), and others (TLC, SFC, AC, IEC, and column chromatography). In 2012, the high pressure liquid chromatography (HPLC) segment held the largest share in the global chromatography systems market. This segment benefits from advancements in technology and the rising application of HPLC in the life sciences, petrochemical, and biopharmaceutical industries. By 2019, the HPLC segment is projected to be worth more than US$3 bn.
On the basis of end use, the global chromatography systems market is classified into the agriculture and goods industries, hospitals and research laboratories, the biotechnology and pharmaceutical industries, and others. According to the report, in 2012, the biotechnology and pharmaceutical industries segment was worth more than US$2 bn. This segment is driven by the growing demand for chromatography systems for protein purification and growth in R&D activities.
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Regionally, the global chromatography systems market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). In 2012, North America held a dominant share of 35% in the global chromatography systems market. This segment benefits from the persistent efforts of related organizations in this region. On the other hand, Asia Pacific is expected to be the fastest growing chromatography systems market by the end of the forecast period.
The report recommends three key strategies to companies: strategic alliances, mergers, and acquisitions; focusing on emerging technologies such as UHPLC, reversal phase chromatography (RPC), and affinity; focusing on investing in R&D activities. Some of the key players operating in the global chromatography systems market are GE Healthcare, Jasco, Bio-Rad Laboratories, Affymetrix, Shimadzu Corporation, and Siemens.
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