Chromatography is an umbrella term for various laboratory techniques used for the separation of mixtures. These techniques take place with help of different accessories that have evolved over the past few decades. Especially during recent years, chromatography accessories market has witnessed great advancements and product launches. Rising demand for the chromatography consumables and accessories is also a strong reason for this rising demand. Growth in healthcare, pharmaceutical and biotechnology industries also play significant role in the demand, supply and current conditions of the industry. Considering all these factors, experts claim that the chromatography consumables market will witness steady growth in the coming future.
Scope of Chromatography Accessories and Consumables Industry
Experts categorize the global chromatography accessories industry on certain vital parameters, which range from the types of consumables, technologies used for their deployment, end users served by these accessories and demand recorded across different geographic regions. Following are the quick details:
- Types: Columns, autosamplers, flow management accessories, mobile phase accessories, chromatography fitting and tubing, detectors, pressure regulators, fraction controllers and other accessories
- Technology: Liquid chromatography, gas chromatography and other types
- End Users: Pharmaceuticals, biotechnology, food and beverages, academics and government laboratories, research institutes, clinics and hospitals, cosmetic, environmental and nutraceutical companies
- Geography: North America, Asia Pacific, Europe and Rest of the World or RoW
Drivers and Forecasting Trends
Growth in the global biotechnology, pharmaceutical and other end user markets is a vital driving force for the chromatography accessories market. Advancing technologies, increasing research activities across different industries like forensics, medicine, genomics, proteomics, metabolomics and other fields are also driving demand for chromatography accessories and consumables. Rising number of chromatography seminars and global conferences are also increasing demands by making the market aware about the advanced technologies.
According to market research reports, chromatography consumables market is expected to make progress at a steady CAGR of 5.7% from 2013 to 2018. During the forecasting period of over four to five years, the market is expected to grow from currently estimated $2,621.4 million to $3,458.6 million by the end of 2018. Economic slowdown across the world is a major challenge for the global industry, which has influenced the sales of these accessories. Dropping credit ratings and debt crisis is also a serious cause of concern for the industry. However, innovative solutions in the industry are expected to stabilize the market. Geographically, the global industry is dominated by North America, which is followed by Europe, Asia Pacific and rest of the world.