The chromatography accessories & consumables market is expected to USD 5.4 billion by end of 2028 from 3.6 billion in 2021, expanding at a CAGR of 5.5% during the forecast period. This growth of the market is attributable to the growing usage of chromatography and associated technologies across research and quality checks. Growing its adoption in fields medicine, proteomics, metabolomics, and genomics along with increasing demand for improved diagnostics and therapeutics are driving growth of the global chromatography accessories and consumables market.
However, presence of alternative options and high costs of technology are restraining growth of the global chromatography accessories and consumables market. Nonetheless, continuously evolving technology in the chromatography accessories and consumables are estimated to offer several growth opportunities in the coming future. Additionally, rising number of seminars, studies, and conferences leading to increase in awareness levels among technicians about benefits of the chromatography accessories and consumables are estimated to fuel the growth of its market.
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Adoption of chromatography for separation of biomolecules especially in drug monitoring coupled with increasing research activities for improving drugs for the treatment of deadly diseases such as Ebola and others are driving growth of the market. Further, growing adoption of chromatography for food adulteration detection, which is fueling growth of the market.
On the basis of product, the chromatography columns segment is projected to hold the largest share in the revenue of the chromatography accessories and consumables market in 2021 and to retain its dominance over the forecast period. This growth of the segment is attributable to wide usage of chromatography techniques across several industries and for various applications. The industries including biotechnology, pharmaceutical, food & beverage, academia, environmental safety, agriculture, and forensics are increasingly accepting the chromatography technologies, which is further fueling demand for chromatography columns. All these factors are estimated to contribute in the segmental growth during the forecast period.
However, detectors segment is estimated to expand by exhibiting a faster CAGR over the forecast period owing to growing its adoption across industries and especially in pharmaceuticals.
On the basis of technology, the liquid chromatography segment is estimated to dominate the overall chromatography accessories & consumables market and to retain its dominance over the forecast period. This growth is attributable to the wide adoption of HPLC technique across several industries across the globe. Additionally, rising awareness regarding the adoption and benefits of liquid chromatography across the industries such as food and beverages, which is fueling the segmental growth during the forecast period. Owing to such factors, the segment is also estimated to witness fastest growth at a CAGR during the forecast period.
End User Outlook
On the basis of end user, the pharma and biotech segment is estimated to hold significant share in the revenue of the chromatography accessories & consumables market and to retain its dominance over the forecast period. This growth is attributable to the wide adoption of the technology across the industries coupled with robust investment in research and development which further encourages adoption of chromatography techniques. However, the hospital segment is estimated to expand by exhibiting CAGR during the forecast period owing to growing adoption of technology for several tests such as blood and lipid tests.
Regionally, the market for the chromatography accessories & consumables is dominated by North America in terms of revenue share in 2021 and to retain its dominance over the forecast period. This growth is attributable to the presence of stringent drug development regulations, increased funding in medical research, and the growing number of metabolomics research activities in the region and especially in the US.
Europe is projected to hold second leading share in the chromatography accessories & consumables market owing to robust investment in the healthcare and research associated with it. However, Asia Pacific is estimated to expand at a significant CAGR over the forecast period owing to robust adoption from research laboratories witnessed in the region.
Companies considered and profiled in this market study
Some of the key players in the chromatography accessories & consumables market includes Waters Corporation, Agilent Technologies, Inc., Shimadzu Corporation, Thermo Fisher Scientific, Inc., and PerkinElmer, Inc.
The chromatography accessories & consumables market displays competitive landscape owing to presence of strong players in the market. Additionally, the small and regional players are trying to focus on new product launches and partnerships to expand their product offerings across the globe.
Segments Covered in the report
This report forecasts revenue growth at a global, regional & country level and provides an analysis of the market trends in each of the sub-segments from 2018 to 2027. The scope of the report can be defined as:
Chromatography Accessories & Consumables Market Report Scope
Segments covered By Product Outlook, Technology Outlook, End User Outlook, Regional Outlook
By Product Outlook
By Technology Outlook
By End User Outlook
Pharma & Biotech
By Form Outlook
Middle East & Africa
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