Chromatography Market to be Worth $24.8 Billion by 2030

Chromatography Market by Product (Systems, Columns, Reagents, Vials, Fittings, Detectors, Pumps, Software), Technology (HPLC, LPLC, Flash Chromatography, GC, TLC), End User (Pharmaceutical, Academic, F&B, Environmental, Hospital) – Global Forecast to 2030

Meticulous Research^®—a leading market research company, published a research report titled, ‘Chromatography Market by Product (Systems, Columns, Reagents, Vials, Fittings, Detectors, Pumps, Software), Technology (HPLC, LPLC, Flash Chromatography, GC, TLC), End User (Pharmaceutical, Academic, F&B, Environmental, Hospital) – Global Forecast to 2030.'

According to this latest publication from Meticulous Research^®, the chromatography market is projected to reach $24.8 billion by 2030, at a CAGR of 5.4% from 2023 to 2030. The growth of this market is driven by increasing R&D investments in the pharmaceutical and biotechnology industries, rising food safety concerns driving the need for identification and quantification of food contaminants, technological advancements in chromatography, and growth in policies and initiatives to reduce environmental pollution. However, the high cost of instruments restrains this market's growth to a notable extent. Additionally, emerging economies and the development of bioclusters offer opportunities for market growth. However, the shortage of skilled professionals and the adoption of refurbished instruments are major challenges for market growth.

Key Players

The key players operating in the chromatography market are Waters Corporation (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Perkin Elmer, Inc. (U.S.), Merck KGaA (Germany), Bruker Corporation (U.S.), Hitachi, Ltd. (Japan), Sartorius AG (Germany), Restek Corporation (U.S.), and Tosoh Corporation (Japan).

The chromatography market is segmented by Product (Systems, Consumables [Columns {Pre-packed Columns, Empty Columns}, Reagents & Buffers, Vials, Fittings & Tubings, Syringe Filters, Well Plates, Other Consumables], Components & Accessories [Detectors & Lamps, Pumps, Fraction Collectors, Other Components & Accessories], Software & Services), Technology (Liquid Chromatography [High-Performance Liquid Chromatography (HPLC), Low Pressure Liquid Chromatography, Flash Chromatography, Other Liquid Chromatography Technologies], Gas Chromatography, Thin Layer Chromatography, Other Chromatography Technologies), End User (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Food & Beverage Companies, Environmental Testing Laboratories, Hospital & Diagnostics Laboratories, Oil & Gas Industries, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the products included in the report, in 2023, the systems segment is expected to account for the largest share of the chromatography market. The large market share of this segment is attributed to the presence of integrated modular systems adaptable to a multitude of purposes. Modular chromatography systems are customizable according to the specific requirements of customers, making them a favored choice for those operating under budget constraints. In contrast, integrated systems come equipped with built-in modules, making them the preferred option for applications demanding continuous sample analysis.

Among the technologies included in the report, in 2023, the liquid chromatography segment is expected to account for the largest share of the chromatography market due to its widespread use and effectiveness in separating and analyzing various compounds. Liquid chromatography is further segmented into High-Performance Liquid Chromatography (HPLC), low-pressure liquid chromatography, flash chromatography, and other liquid chromatography technologies. Among the liquid chromatography technologies included in the report, in 2023, the HPLC segment is expected to account for the largest share of the liquid chromatography market.

Among the end users included in the report, in 2023, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the chromatography market. The large market share of this segment is attributed to the increased adoption of chromatography systems by pharmaceutical and biotechnology companies for various applications, including drug discovery, quality control, and vaccine research. Furthermore, increasing investment in pharmaceutical R&D and a burden on pharmaceutical companies to introduce novel therapies to the market are driving the demand for chromatography products.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the chromatography market, followed by Europe and Asia-Pacific. The well-established healthcare system, the focus of the region on academic and research studies, the prevalence of chronic diseases and the need for novel therapies, the increased venture capital funding for the biopharmaceutical sector, and the presence of key companies in the region are some of the factors contributing to the region’s largest share.

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Key questions answered in the report:

Which are the high-growth market segments in terms of product, technology, end user, and geography?
What was the historical market for chromatography across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the chromatography market?
Who are the major players in the chromatography market?
What is the competitive landscape, and who are the market leaders in the chromatography market?

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