In a recently published report, Global Chromatography Instruments Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Chromatography Instruments Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Chromatography Instruments Market is valued approximately at USD 9.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2020-2027. Chromatography is the method of separation of a mixture in its organic and inorganic combinations. The process is done by passing the mixture through a suspension or solution into a medium where particles move at different rates . The market is driven by the increased chromatography application in many fields, primarily in food and beverage and pharmaceutical industries. Recently, application of chromatography assessment in drug approval process, and rising popularity of hyphened chromatography techniques has shown a tremendous rise. Technological advancements have aided the application of chromatography instruments to assess the identity, purity, strength, potency, and quality of a drug product. This data is required by the Food and Drug Administration (FDA) for the authorization of drugs. Hence, this factor may boost the adoption for Chromatography Instruments worldwide.
As per Statista, Center for Drug Evaluation and Research (CDER) has approved almost 50 drugs in 2019. The amount of new therapeutic products registering in the pharmaceutical market heavily varies each year, over 20 novel drugs were launched in 2016, whereas about 60 new drugs were authorized in 2018. Moreover, according to data published by Center for Drug Evaluation and Research (CDER), over 48 novel drugs were approved by CDER in 2019. Most of the novel drugs approved by CDER in 2019 are remarkable for their unique contributions and positive impact to value patient treatment and medical care. This, in turn, is likely to strengthen the demand for chromatography instruments, thereby contributing to the market growth around the world. However, the high cost of chromatography instruments is one of the factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Chromatography Instruments Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising research and development(R&D) and environmental testing in U.S. along with the significant presence of FDA in the region. Whereas Europe is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to the growth of food industry and research and development activities in the developing nations, such as U.K. and France.
Major market player included in this report are:
Thermo Fisher Scientific Inc.
Agilent Technologies
Shimadzu Corporation
Waters Corporation
PerkinElmer Inc.
GL Sciences, Inc.
Jasco
Bio-Rad Laboratories
Bruker Corporation
Danaher Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Systems
Detectors
Auto-samplers
By Consumables and Accessories :
Consumables
Accessories
By Application:
Life Science
Environment Testing
Food & Beverage Testing
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Chromatography Instruments Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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