Chromatography Systems Market – Overview
The chromatography systems market is growing mainly due to increase in R&D expenditure in the pharmaceutical industry. According to a recent study report published by the Market Research Future, the chromatography systems market is booming and expected to gain prominence over the forecast period.
The market is forecasted to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2022).
Chromatography Systems Market – Competitive Analysis
Agilent Technologies (US)
Thermo Fisher Scientific Inc. (US)
GE Healthcare (UK)
Roche Diagnostics Limited (US)
Waters Corporation (US)
Shimadzu Corporation (Japan)
GL Sciences Inc. (Japan)
Novasep Holding S.A.S. (France)
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Chromatography is a laboratory technique which enables us easy and efficient separation of the mixture of the essential particles and the chemical compounds.
Chromatography system is designed in such a way that the mixture of compounds is dissolved in a fluid which is called as a mobile phase. Fluid carries mixture through a different material which is called as stationary phase.
Chromatography Systems Market -Growth and Analysis
Notably, rising research and development expenditure is the primary driver for chromatography systems market. In the year of 2016, the R&D expenditure in the Pharmaceutical Industry was EUR 35000 million, suggested by European Federation of Pharmaceutical Industries and Association.
According to the Centers for Disease Control and Prevention, the per capita national health expenditures in 2015 was amounted to be USD 9,990 and total national health expenditure was USD 3.2 trillion. It is also reported that out of total national health expenditures in the US, prescription drugs 10.1% share.
Other push factors such as, technological advancements in instrumentation, government investments in academics and life sciences, therapeutic conversion to new biological entities, increasing application in Life Science and Biotechnological Industry are also fuelling the growth of the market.
Growth in generics and CROs due to increasing demand for drug development and new convenient methods developments have also led to increase the market growth. Generics market is expected to account for more than 80% of pharmaceutical market in coming years, hence increasing the demand for the chromatography systems.
Despite these drivers, high cost of systems, and stringent government policies and regulations are expected to hinder the growth of the market. The developing market due to high cost are not using the technique which made the technique unavailable for the potential segments.
Also the developing countries which are considered to be the major growth regions, due to high cost are considering other cheap options then an automated instruments and are shifted towards the normal conventional cheap techniques.
Table of Content
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.4 Macroeconomic Indicators
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This post was originally published on Trading Herald