The growth of Chromatography Instruments Market is primarily driven by the growing investments of pharma and biotech companies in R&D activities, application of chromatography in drug discovery process, increasing food safety concerns as well as rising demand for hyphenated chromatography techniques across various industries worldwide.
The Chromatography instruments market is projected to reach USD 11.0 billion by 2025 from USD 8.6 billion in 2020, at a CAGR of 5.1%.
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Agilent Technologies (US), Waters Corporation (US), Shimadzu (Japan), Thermo Fisher Scientific (US), PerkinElmer (US), Merck KGaA (Germany), Phenomenex (US), Bio-Rad Laboratories (US), Cytiva (GE Healthcare) (US), Hitachi (Japan), Restek Corporation (US) and JASCO, Inc. (US), among others are some of the leading players in the chromatography instruments market. An analysis of market developments between 2017 and 2020 has revealed that several growth strategies, such as product launches, collaborations, acquisitions, and expansions, were adopted by market players to strengthen their product portfolios and maintain a competitive position in the chromatography instruments market.
Agilent Technologies (US) is one of the largest laboratory instrument and reagent manufacturers globally. The company has a robust R&D and manufacturing infrastructure, with key facilities located in the US, China, Australia, Denmark, India, Germany, Italy, Japan, Poland, Malaysia, Singapore, and the UK. The company offers its products and services to customers in more than 100 countries. It is one of the leading players in the chromatography instruments market. The company has launched several chromatography systems and instruments in the last three years. Agilent focuses on partnerships and collaborations to expand its market reach and strengthen its market position. The company constantly provides product upgrades to keep up with the new technologies in the market.
Shimadzu Corporation (Japan) is one of the leading players in the chromatography instruments market. Shimadzu has been in business since 1875 and has been offering wide range of products across Asian countries as well as globally. Shimadzu product portfolio comprises analytical instruments, medical systems, aircraft equipment, industrial machinery, and testing and measuring instruments. The Analytical Instruments segment offers a wide range of chromatography products, including gas (GC) and liquid chromatography (LC) systems, GC/MS systems, LC/MS systems, as well as other analytical and life science instruments. The company holds a good share in the GC market as well as other analytical instruments markets. The continuous launch of new and advanced GC products over the last few years has allowed the company to stay competitive in the market.
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Waters Corporation (US) accounted for a considerable share in the chromatography instruments market in 2019. Water, with its operational units in 35 countries, and manufacturing facilities in 15 countries, offers its extensive product range in more than 100 countries worldwide. Innovation is the prime strength of the company, which has helped it to sustain its brand equity. In the recent years, continuous product developments, collaborations, and strategic acquisitions have helped the company to strengthen its business portfolio and ensure strong presence in the analytical instruments market.
