Chromatography is a process of mixture separation, which is carried out in various phases. This is a collective term that defines all the laboratory techniques used for separating the mixtures. Different chromatography processes include paper, planar, column and thin layer chromatography. All these methods have evolved with the passing time and technological advancements. Increasing demands are contributing to the increased demand for its reagents as well. Today, the global chromatography reagents market is largely driven by the increasing demand and encouraging market conditions across different parts of the world. The positive conditions are expected to continue in the global industry, which is a great sign as far as the future of the industry is concerned.
Drivers and Key Takeaways
Before learning more about the driving factors for the chromatography reagents industry, it is essential to understand the basic segmentation in the market. In order to track the basic changes in terms of market trends, challenges, opportunities and future prospects in the market, researchers have segmented it on the basis of the types of reagents, physical state, bed shapes, separation mechanism, end-users and demands in various geographical locations.
Based on geographical regions, the industry is segmented into North America, Europe, Asia Pacific and rest of the world. As far as the end users for chromatography proceedings are concerned, they range across various industrial verticals. Major end users include pharmaceuticals, hospitals, biotechnology, government, academic, environmental, food and beverage and other such industries. Increasing demand, technological advancements, increasing investments and flourishing countries in developing regions are the key drivers for chromatography reagents market.
Business Prospects from 2013 to 2018
Detailed analysis of the all the segments and current market trends in the reagents industry, researchers claim that it will grow at a steady rate. Based on the recent research reports, chromatography reagents market is expected to grow at an estimated CAGR of over 10% from 2013 to 2018. In 2013, the industry is worth $4,598.0 million, which is estimated to reach past $7,609.3 million by 2018. Steady growth in the global market is also based on the demand patterns in different segments of the industry. Based on geography, North America and Asia Pacific regions will show remarkable growth, which is a great sign for future investments. Use of green chromatography and other progressive methods are helping the global industry. Overall, the chromatography reagents industry is anticipated to produce business and long-term investment opportunities.