Albany, NY -- (SBWIRE) -- 11/24/2017 -- Transparency Market Research states in its latest report that technological advancement and increase in R&D efforts have driven the global market for chromatography systems. The report, titled "Chromatography Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019", states that at a CAGR of 5.2% from 2013 to 2019, the chromatography systems market is projected to grow from US$6,982.3 million in 2012 to US$10,364.2 million in 2019. The research report segments the global chromatography systems market on the basis of type, end user, and geography.
By type, the chromatography systems market can be categorized into liquid chromatography, gas chromatography, and others. Liquid chromatography is sub-segmented into low pressure liquid chromatography (LPLC), high pressure liquid chromatography (HPLC), and ultra high pressure liquid chromatography (UHPLC). The others category comprises supercritical fluid chromatography (SFC), thin layer chromatography (TLC), affinity chromatography (AC), ion exchange chromatography (IEC), and column chromatography.
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The segment of HPLC held the largest share of the liquid chromatography market in 2012. HPLC is widely used in applications concerning petrochemical, life science, and biopharmaceutical industries. This, combined with advancement in technology is likely to push the HPLC segment to over US$3 billion by 2019. UHPLC, on the other hand, is projected to be the fastest growing sub-segment in the liquid chromatography market, registering a CAGR of more than 7% in the forecast period.Chromatography systems find application in agriculture and food industries, hospitals and research laboratories, and biotechnology and pharmaceutical industries. Apart from this, chromatography systems are also used in environmental agencies, cosmetic industries, and nutraceutical companies. The growing demand for chromatography systems for protein purification and surge in research and development activities has propelled the chromatography systems market in biopharmaceutical and pharmaceutical industries. The value of this segment was pegged at over US$2 billion in 2012.
Geographically, North America dominated the global chromatography systems market in 2012, accounting for a share of more than 35% in the overall market. The persistent efforts of organizations such as The Chromatographic Society (ChromSoc) and the Chinese American Chromatography Association are forecast to boost the chromatography systems market in the region over the next few years. Europe held a 30% share in the global market in 2012 thanks to the introduction of new technologies by local players. Asia Pacific, on the other hand, is likely to be the fastest developing chromatography systems market by 2019.
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The chromatography systems market, by nature, is immensely fragmented with no single company enjoying the lead. There are, however, numerous prominent players operating in the chromatography systems market. These include Bio-Rad Laboratories, Inc., Waters Corporation, Regis Technologies, Inc., Jasco, Inc., Agilent Technologies, Inc., Illumina, Inc., PerkinElmer, Inc., Thermo Fisher Scientific, Inc., KONIK-TECH KONIXBERT HI-TECH S.A., GE Healthcare, Siemens AG, F. Hoffmann-La Roche Ltd., Shimadzu Corporation, Affymetrix, Inc., and Sigma-Aldrich Co. LLC. Vendors have been focusing on developing innovative and cost-effective chromatography systems in order to increase their customer base and to gain a larger share of the global market.
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