Market Analysis

Global Market Value of Chromatography

Chromatography techniques has evolved over the years and become a method of choice for analysis, identification, and purification of a wide variety of mixture compounds. Chromatography application is growing rapidly, with value expected to hit $228 billion by 2017, up from $164 billion in the year 2018, marking nearly 7%, and annual growth according to a recent industry research report. The global gas chromatography market, valued at $2,583.6 million in 2017, is expected to reach $3,605.1 million by 2020 at a CAGR of 6.9%.This research report categorizes the market into three broad segments like Instrumentation, Accessories & Consumables, and Reagents. The market of gas chromatography instrumentation is expected to grow at the highest CAGR of 5.7% from 2018 to reach $883.5 million by 2020. The largest market of chromatography is in North America followed by Europe-with the two continents having 70% of the market-then Asia. It is anticipated that whilst North America and Europe will continue to lead the market of chromatography over the next five years, the chromatography market in Asia will expand and increase its market share.

European Market Value of Chromatography

The European liquid chromatography systems life sciences research report defines and segments the concerned market in Europe with analysis and forecast of revenue. The liquid chromatography systems market in Europe was valued at $1034.9 million in 2013, and is estimated to grow to $1360.2 million by 2018, at a CAGR of 5.6% from 2013 to 2019.Europe is the second-largest market for liquid chromatography systems, which is expected to grow at a CAGR of 5.6% from 2013 to 2018.Germany has the largest share in the European liquid chromatography systems, and is expected to grow at a CAGR of 5.7% from 2013 to 2018, followed by France, which is expected to grow at the same CAGR as that of Germany. The gas chromatography systems market in Europe is valued at $191.1 million in 2013, and is estimated to grow to around $247.6 million by 2018, at a CAGR of 5.3% from 2013 to 2018.Europe is the second-largest market poised to reach $247.55 million by 2018, and is estimated to grow at a CAGR of 5.3% from 2013 to 2018.