Chromatography Reagents Market

Market Synopsis:

Global Chromatography Reagents Market is valued at USD 6213.71 Million in 2022 and is projected to reach a value of USD 10361.15 Million by 2030 at a Compound Annual Growth Rate (CAGR) of 6.60% over the forecast period from the year 2022 till the year 2028.

Chromatography Reagents include buffers, solvents, ion-pair reagents, derivatization reagents, and other reagents. Growing demand for Chromatography Reagents from researchers, biopharmaceutical companies, and contract manufacturing organizations is expected to drive steady growth in the Global Chromatography Reagents Market. In addition, the growing number of academic and research institutions focusing on the consumption of Chromatography Reagents is expected to increase the Global Chromatography Reagents Market size over the forecast period.

The COVID-19 pandemic has intensified drug discovery and research efforts while increasing the pressure on pharmaceutical and clinical laboratories. While the COVID-19 pandemic continues to transform growth across industries, the immediate impact of the outbreak remains diverse. While demand in a few industries will decline, many others will continue to hold steady and show promising growth opportunities. The Chromatography Reagents Market has witnessed significant growth over the years; however, due to the unexpected outbreak of COVID-19, the market witnessed additional growth in 2020 owing to incorporation of chromatography techniques for the approval of numerous drugs. Furthermore, growing importance of chromatography in hospital laboratories, forensic laboratories, and pharmaceutical companies, coupled with recent advancements in technology will boost the target market growth over the forecast period.

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Market Segmentation:

The Pharmaceutical Testing Segment is Expected to Register a Significant Contribution to the Chromatography Reagents Market over Forecast Period

Pharmaceutical manufacturers and related testing service providers are the main end users of Chromatography Reagents Market. They use analytical instruments at all stages of drug discovery, drug development, pharmacokinetics, toxicology, and clinical research, as well as in the manufacture of drug substances and biologics, drug stability testing, and qualitative and quantitative drug analysis. Increased Research and Development (R&D) in therapeutic areas such as cancer, HIV/AIDS, and immunodeficiency diseases, coupled with technological innovation in biotechnology research, shifting focus by pharmaceutical and biotech companies to expand their product pipelines, increased number of drug discovery and clinical trial programs, and the number of blockbuster drugs and biomolecules due to patents expiry are some of the key factors driving growth of this segment in the target market. In addition, government and corporate funding for biotech and pharmaceutical research, as well as growth of the pharmaceutical industry, and the presence of strict regulatory guidelines for drug development and safety are some of the other factors augmenting growth of the target market.

The Adsorption Chromatography Segment is Expected to Grow at a Fastest Rate in the Target Market during the Forecast Period

Adsorption chromatography is a type of liquid chromatography in which chemicals are retained based on their adsorption and desorption on a support surface, which also acts as a stationary phase. This method is also sometimes called liquid-solid chromatography. Retention in this method is based on the competition of the analyte with the mobile phase molecules, as both are bound to the support surface. The degree of retention of a chemical in adsorption chromatography depends on the binding strength of chemical to the support, surface area of the support, amount of mobile phase displaced from the support by chemical, and binding strength of mobile phase to the support. Adsorption as a separation mechanism is used in extensive application across various industries which in turn is a factor driving the growth of this market.

North America Region Dominated the Chromatography Reagents Market during the Forecast Period

The United States and Canada are the major countries researching the Chromatography Reagents Market. North America has a diverse and well-established Research and Development (R&D) infrastructure, and chromatography technology is rapidly being adopted by end-user industries. North America accounted for the largest share of the Chromatography Reagents Market in 2021. Numerous factors such as increasing drug development activities, government funding for life science Research and Development (R&D), a large number of ongoing clinical studies, and high adoption of technologically advanced solutions are factors driving growth of the Chromatography Reagents Market in North America.

Competitive Landscape:

The key players of the market are Agilent Technologies (US), Thermo Fisher Scientific (US), Merk Group (Germany), Sigma-Aldrich (US), Avantor Performance Materials (US), Waters Corporation (US), Bio-Rad Laboratories (US), GE Healthcare (UK), Regis Technologies (US), Santa Cruz Biotechnology (US), and Loba Chemie (India).

Chromatography Reagents Market is Segmented as Follows:

Chromatography Reagents Market is Tabulated as Follows: