Chromatography Market Growth Accelerated by Increased Chromatography in Pharmaceuticals and Healthcare

Chromatography is an analytical separation process used to isolate and identify various substances within complex mixtures. Its application includes separating drug compounds during pharmaceutical drug development. The technique is also widely used in healthcare for analysis of clinical samples to detect biomarkers, diagnose diseases and monitor treatment effectiveness. The growing pharmaceutical and healthcare sectors have increased reliance on chromatography for drug discovery and disease diagnostics, driving faster adoption of the technology. The global Chromatography Market is estimated to be valued at US$ 11702.77 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased use of chromatography in pharmaceuticals and healthcare has been a key growth driver for the market. With rising drug development activities and growing awareness about disease diagnosis, the demand for chromatography from these end-use industries has surged significantly over the years. Pharmaceutical companies extensively employ the technique during pre-clinical and clinical drug development phases for separation and identification of active pharmaceutical ingredients. Similarly, diagnostic laboratories utilize different types of chromatography methods like liquid chromatography and gas chromatography for identification of metabolites and biomarkers in blood, urine and tissue samples. As pharmaceutical R&D and healthcare diagnostics continue to advance, further opportunities are likely to emerge for chromatography applications, fueling market growth over the forecast period.

Segment Analysis
The global chromatography market is dominated by liquid chromatography sub-segment. Liquid chromatography segment accounted for the largest market share in 2021 due to high usage of liquid chromatography techniques such as high-performance liquid chromatography (HPLC), ultra-high-performance liquid chromatography (UHPLC) etc. in analytical research and quality control processes across various industries like pharmaceuticals, biotechnology, chemicals etc. Liquid chromatography techniques helps in separating, identifying and quantifying different compounds in complex mixtures.

Key Takeaways
The global Chromatography Market Growth  is expected to witness high growth. The market size is projected to grow from US$ 11702.77 Mn in 2024 to US$ 21405.68 Mn by 2030, registering a CAGR of 6.5% during the forecast period.

Regional analysis: North America region accounted for the largest share in the global chromatography market in 2021. This is attributed to the presence of well-established pharmaceutical and biotechnology industries, rising pharmaceutical research & development activities and increasing drug discovery projects in the region.

Key players operating in the chromatography market are APS Materials Inc., Bio-Rad Laboratories Inc., CGbio, FLUIDINOVA, Granulab Sdn. Bhd. (KPower Berhad), HOYA Technosurgical Corporation (HOYA Corporation), SANGI CO. LTD, SigmaGraft Biomaterials, and Taihei Chemical Industrial Co. Ltd.

For more insights, read- https://www.newsanalyticspro.com/chromatography-market-trends-size-and-share-analysis/