The global chromatography system market registered a revenue of nearly $8,564.3 million in 2018 and is anticipated to grow at a 6.6% CAGR, surpassing $16,304 million by 2026.
The market has witnessed a significant growth previously, but due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020, owing to the increasing use of chromatography techniques in the approval of various drugs. In addition, technological advancement and increasing importance of chromatography in laboratories, forensic labs, and pharmaceuticals will enhance the market growth in the forecast period. Besides, the market might witness an additional boost due to the increasing number of research activities to test the impact of COVID on human bodies, as the outbreak has led to a crisis around the world. Our analysts have estimated the condition of the chromatography system market during the COVID-19 outbreak and have come to the following conclusions.
|Realtime BPS||*Estimated market Size, 2020,
|**Real Time market Size, 2020,
|6.6%||6.9%||27||USD 10,793.5 Million||USD 10,951.9 Million|
* The numbers are estimated prior to the COVID-19 Pandemic in 2020
** The data will vary depending on upcoming developments announced by the operating players
KEY ASPECTS OF THE INDUSTRY
BOOMERS AND DECLINERS
Chromatography systems are utilized in laboratories for separation of mixtures. Chromatography is an essential mechanism for various end-users such as in agriculture, life science, pharmaceutical, and biotechnological process. These systems are broadly established diagnostic techniques utilized for the drug authorization procedure such as purification, separation, active pharmaceutical ingredients, excipients, and investigation of raw materials. Mandatory rules and regulations laid by the CGMP has increased the use of chromatography systems. The growth is attributed to the various factors such as reliability, purity, linearity, precision, robustness, selectivity, and detection limit. These factors are positively impacting the adoption of chromatography systems across the globe.
However, increased price owing to its advanced features and maintenance cost due to presence of capillary columns utilized for separation of various compound are hampering the market growth. Moreover, requirement of skilled professionals for operation of chromatography systems, requirement of more solvent for separation, requirement of increased power consumption, and high operating pressure required to achieve efficient separation are also significant factors limiting the market growth in the near future. In addition, gas chromatography, a type of chromatography separation technique, requires volatile samples and it is not suitable for samples that react with columns; these are considerable factors restraining the market growth.
The COVID-19 pandemic has impacted the chromatography system market positively. The global chromatography system market is chiefly motivated by the research and hospital industry owing to its wide assortment of use in research and development activities, identification of cancer cells, and separation of complex mixtures. These factors are significantly driving the adoption of chromatography system market and will impel the market growth during the COVID-19 outbreak.
Moreover, utilization of chromatography systems in forensic, research laboratories, enhancement of separation techniques improves precision and analytical results. For example, gas chromatography system, a type of chromatography system is used to determine the volatile organics present in the water. These VOCs may be the cause for widespread of COVID, and hence chromatography systems have been positively impacted during this pandemic.
MANAGING SUCCESS AMIDST
THE PANDEMIC STRESS
The global chromatography system market will witness significant growth in 2020 and is anticipated to follow the trend until the end of the forecast period. The rapid growth is majorly attributed to the increasing implementation of chromatography methods for various applications such as in the chemical industry, food industry, environmental testing to analyze the various PCBs in pesticides and waste oil. Environmental Agency has mentioned chromatography technique as a safe method to test purity of drinking water and to check the air quality.
Chromatography systems are utilized in pharmaceutical industries for preparing exceedingly pure materials. HPLC a type of chromatography system is used for various applications such as plasma fractionation, enzyme purification, and insulin purification, which has positively impacted the market. According to recent studies, the possibility of coronavirus being treated with the help of plasma therapy has positively impacted on the global chromatography system market.
How can we help you?
Our group of skilled analysts provide a solution to help the companies to survive and sustain in this global pandemic. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts. Our study helps to acquire the following:
- Long-term and Short-term impact of Covid-19 on the market
- Cascading impact of Covid-19 on the Chromatography System Market , due to the impact on its extended ecosystem
- Understanding the market behaviour pre- and post-Covid-19 pandemic
- Strategic suggestions to overcome the negative impact on your business or turn the positive impact into an opportunity