Chromatography Instrumentation Market Analysis 2020-2023 by Global Trends, Leading Key Players, Future Growth, Revenue Analysis, Demand Forecast

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Dec 31, 2020 (AmericaNewsHour) — Chromatographic instruments are primarily used in scientific research labs and clinics to isolate mixtures and analyze differences between chemical and physical properties of these mixtures. The global chromatography instrumentation market is projected to swell from USD 7.3 Billion in 2015 to reach USD 9.5 Billion by 2020, exhibiting a compound annual growth rate (CAGR) of 4.5%.

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Geographically, the global chromatography instrumentation market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific and Rest of World. Asia-Pacific region is anticipated to behold the highest growth rate in the global chromatographic instrumentation market over the forecast period i.e. 2015-2023.

Market Size and Forecast

North America holds the top rank in the global chromatography instrumentation market. The market in the region is likely to get propelled by rising government expenditure on research and development activities in the healthcare industry. The U.S. is expected to be the largest chromatographic instrumentation market in North America followed by Canada.

Europe is anticipated to be the second-largest chromatographic instrumentation market behind North America. The chromatographic instrumentation market in Europe is also believed to bolster from increasing research for the development of new and innovative drugs.

Growth of the Asia-Pacific chromatographic instrumentation market is anticipated to foster at a stupendous pace owing to increasing disposable incomes, rising food security awareness and increasing government funding on biochemical research in countries such as India, China, Japan, and Singapore.

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Key Players

The global chromatographic instrumentation market is very competitive and includes some of the top players such as Thermo Fisher Scientific, Inc., PerkinElmer, Inc, Agilent Technologies, Shimadzu Corporation, Novasep Holding S.A.S., Waters Corporation, JASCO, Inc., Pall Corporation, AB SCIEX LLC, Bio-Rad Laboratories, Inc and Others.

Market Segmentation

By Systems
Global chromatographic instrumentation can be segmented on the basis of systems into liquid chromatographic systems, gas chromatographic systems, and ion chromatographic systems.

By Consumables
Based on consumables the global chromatographic instrumentation market is segmented as columns, frits, pumps, flow cells, tunings, and others.

By Applications
On the basis of applications, global chromatographic instrumentation market is divided as life sciences, food and beverage, environmental testing and others

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

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Growth Drivers and challenges

Expansion in the pharmaceutical and biotechnology industries is expected to be a key driver of the global chromatographic instrumentation market over the forecast period. In addition to that, rising government spending on research and development is also believed to augment the growth of the global chromatography instrumentation market.

However, a less successful rate in biotechnological research, global economic slowdown and high cost of chromatography instruments are major factors that are expected to hamper the growth of the global chromatography instrumentation market in the future.

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The post Chromatography Instrumentation Market Analysis 2020-2023 by Global Trends, Leading Key Players, Future Growth, Revenue Analysis, Demand Forecast appeared first on America News Hour.

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