Growing R&D Expenditure in Pharmaceutical and Biotechnology Industries


Posted December 1, 2023 by Jyoti22

Chromatography Reagents Market by Type (GC, LC, TLC), Product (Solvents, Buffers, Reagents), Separation (Adsorption, Partition, Affinity), Application (Pharma, Forensic, Environmental, Cosmeceuticals, Diagnostics, QC), End User

 
According to a new market research report, ‘Chromatography Reagents Market by Type (GC, LC, TLC), Product (Solvents, Buffers, Reagents), Separation (Adsorption, Partition, Affinity), Application (Pharma, Forensic, Environmental, Cosmeceuticals, Diagnostics, QC), End User - Global Forecast to 2030’ published by Meticulous Research®, the chromatography reagents market is projected to reach $9.7 billion by 2030, at a CAGR of 5.7% from 2023 to 2030.
Chromatography reagents are a part of the chromatography consumables that include a series of products like solvents, buffers, and indicators for precise identification, isolation, and purification of a compound present in the mixture. The type of reagents depends on the chromatographic technique that is being used. Chromatography reagents, also known as analytical reagents, are used in various techniques, such as HPLC, flash chromatography, and ion chromatography. The chromatography reagents include stains, buffers, gels, solvents, and standards for isolation, purification, and analytical needs.
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The growth of the chromatography market is driven by several factors, including the growing R&D expenditure in pharmaceutical and biotechnology industries, policies and initiatives to reduce environmental pollution, the use of chromatography in food safety regulations and quality testing, and the growing biopharmaceuticals market. However, the high cost of chromatography reagents and the safety risks associated with the use of flammable reagents restrain this market’s growth.
Food Safety Regulations and Quality Testing, Combined with the Implementation of Information Technology (IT) in Chromatography Techniques Driving the Market’s Growth.
Chromatography is the most commonly used analytical technique in various industries due to its precision separation of components from mixtures, low sample requirement, and improved efficiency. The presence of food safety regulations, such as labeling regulations, drives the demand for chromatography in the food industry. Furthermore, the implementation of information technology (IT) in chromatography techniques contributes to the growth of the chromatography reagents market. For instance, in February 2022, Agilent Technologies, Inc. (U.S.) acquired ACIES, an Artificial Intelligence (AI) technology developed by Virtual Control Ltd. (China), to automate product and material testing and enable virtual inspections.
The chromatography reagents market is segmented by Chromatography Type (Gas Chromatography (GC), Liquid Chromatography (LC), Thin Layer Chromatography (TLC)), Product Type (Solvents, Buffers, Derivatization reagents, Ion-Pair reagents), Separation Method (Adsorption, Partition, Ion-Exchange, Size Exclusion, Affinity), Application [Pharmaceutical and Biotechnology Applications {Research and Drug Development, Pharmaceutical Manufacturing, Quality Control}, Cosmeceutical Applications, Environmental Testing, F&B Testing, Petrochemical Analysis, Forensic Testing, Clinical Testing, Research & Academic Applications), End User (Academic & Research Institutes, Contract Research Organizations (CROS) and Contract Manufacturing Organization (CMOS), Pharmaceutical and Biotechnology Industries, Food and Beverages Industry, Hospitals & Diagnostic Laboratories, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
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Based on chromatography type, in 2023, the liquid chromatography segment is expected to account for the largest share of the market. Liquid chromatography is a technique used to separate various components from a given mixture. It uses polar solvents during the process, making it faster and more cost-effective than gas chromatography. In gas chromatography, volatile samples are handled using solvents that are easily vaporized, making it a complex process that requires high temperatures to work.
Based on product type, the solvents segment is expected to account for the largest share of the market. Solvents are a type of reagent used during various steps of chromatography. The type of solvent used varies depending on the type of chromatography being performed. These solvents are generally affordable and frequently used, contributing to this segment's large market share.
Based on separation method, the adsorption segment is projected to register the highest CAGR during the forecast period. The design used in the adsorption technique is simple, and the removal of contaminants is easy, making it advantageous and preferred over other techniques. Additionally, it uses a broad range of mobile phases. This separation method relies on fewer types of equipment than other separation methods, driving its increased adoption.
Quick Buy – Chromatography Reagents Market- Global Opportunity Analysis And Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/86860645
Based on application, in 2023, the pharmaceutical and biotech segment is expected to account for the largest share of the market. The pharmaceutical and biotech industries frequently use chromatography as a major technique for drug discovery, pharmaceutical manufacturing, and quality control. For instance, in July 2021, Shimadzu Corporation (Japan), a company that manufactures precision instruments, medical equipment, and measuring instruments, collaborated with Snapdragon Chemistry, Inc. (U.S.), a flow chemistry and process development company, to provide analytical solutions to improve efficiency in chemical synthesis. Such collaborations drive the adoption of chromatography systems in the pharmaceutical and biotech industries, contributing to the significant market share of this segment.
Some of the key players operating in the global chromatography reagents market are Bio-Rad Laboratories, Inc. (U.S.), Waters Corporation (U.S.), Santa Cruz Biotech, Inc. (U.S.), Merck KGaA (Germany), Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Regis Technologies, Inc. (U.S.), Shanghai Aladdin Biochemical Technology Co., Ltd. (China), Avantor Performance Materials, Inc. (U.S.), Honeywell International, Inc. (U.S.), Tokyo Chemicals Industry Co., Ltd (Japan) and, Loba Chemie Pvt. Ltd. (India).
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Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- [email protected]
Visit Our Website: https://www.meticulousresearch.com/
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Growing R&D Expenditure in Pharmaceutical and Biotechnology Industries i.e.Chromatography Reagents Market
According to a new market research report, ‘Chromatography Reagents Market by Type (GC, LC, TLC), Product (Solvents, Buffers, Reagents), Separation (Adsorption, Partition, Affinity), Application (Pharma, Forensic, Environmental, Cosmeceuticals, Diagnostics, QC), End User - Global Forecast to 2030’ published by Meticulous Research®, the chromatography reagents market is projected to reach $9.7 billion by 2030, at a CAGR of 5.7% from 2023 to 2030.
Chromatography reagents are a part of the chromatography consumables that include a series of products like solvents, buffers, and indicators for precise identification, isolation, and purification of a compound present in the mixture. The type of reagents depends on the chromatographic technique that is being used. Chromatography reagents, also known as analytical reagents, are used in various techniques, such as HPLC, flash chromatography, and ion chromatography. The chromatography reagents include stains, buffers, gels, solvents, and standards for isolation, purification, and analytical needs.
Download Free Report Sample Now: https://www.meticulousresearch.com/download-sample-report/cp_id=5503
The growth of the chromatography market is driven by several factors, including the growing R&D expenditure in pharmaceutical and biotechnology industries, policies and initiatives to reduce environmental pollution, the use of chromatography in food safety regulations and quality testing, and the growing biopharmaceuticals market. However, the high cost of chromatography reagents and the safety risks associated with the use of flammable reagents restrain this market’s growth.
Food Safety Regulations and Quality Testing, Combined with the Implementation of Information Technology (IT) in Chromatography Techniques Driving the Market’s Growth.
Chromatography is the most commonly used analytical technique in various industries due to its precision separation of components from mixtures, low sample requirement, and improved efficiency. The presence of food safety regulations, such as labeling regulations, drives the demand for chromatography in the food industry. Furthermore, the implementation of information technology (IT) in chromatography techniques contributes to the growth of the chromatography reagents market. For instance, in February 2022, Agilent Technologies, Inc. (U.S.) acquired ACIES, an Artificial Intelligence (AI) technology developed by Virtual Control Ltd. (China), to automate product and material testing and enable virtual inspections.
The chromatography reagents market is segmented by Chromatography Type (Gas Chromatography (GC), Liquid Chromatography (LC), Thin Layer Chromatography (TLC)), Product Type (Solvents, Buffers, Derivatization reagents, Ion-Pair reagents), Separation Method (Adsorption, Partition, Ion-Exchange, Size Exclusion, Affinity), Application [Pharmaceutical and Biotechnology Applications {Research and Drug Development, Pharmaceutical Manufacturing, Quality Control}, Cosmeceutical Applications, Environmental Testing, F&B Testing, Petrochemical Analysis, Forensic Testing, Clinical Testing, Research & Academic Applications), End User (Academic & Research Institutes, Contract Research Organizations (CROS) and Contract Manufacturing Organization (CMOS), Pharmaceutical and Biotechnology Industries, Food and Beverages Industry, Hospitals & Diagnostic Laboratories, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5503
Based on chromatography type, in 2023, the liquid chromatography segment is expected to account for the largest share of the market. Liquid chromatography is a technique used to separate various components from a given mixture. It uses polar solvents during the process, making it faster and more cost-effective than gas chromatography. In gas chromatography, volatile samples are handled using solvents that are easily vaporized, making it a complex process that requires high temperatures to work.
Based on product type, the solvents segment is expected to account for the largest share of the market. Solvents are a type of reagent used during various steps of chromatography. The type of solvent used varies depending on the type of chromatography being performed. These solvents are generally affordable and frequently used, contributing to this segment's large market share.
Based on separation method, the adsorption segment is projected to register the highest CAGR during the forecast period. The design used in the adsorption technique is simple, and the removal of contaminants is easy, making it advantageous and preferred over other techniques. Additionally, it uses a broad range of mobile phases. This separation method relies on fewer types of equipment than other separation methods, driving its increased adoption.
Quick Buy – Chromatography Reagents Market- Global Opportunity Analysis And Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/86860645
Based on application, in 2023, the pharmaceutical and biotech segment is expected to account for the largest share of the market. The pharmaceutical and biotech industries frequently use chromatography as a major technique for drug discovery, pharmaceutical manufacturing, and quality control. For instance, in July 2021, Shimadzu Corporation (Japan), a company that manufactures precision instruments, medical equipment, and measuring instruments, collaborated with Snapdragon Chemistry, Inc. (U.S.), a flow chemistry and process development company, to provide analytical solutions to improve efficiency in chemical synthesis. Such collaborations drive the adoption of chromatography systems in the pharmaceutical and biotech industries, contributing to the significant market share of this segment.
Some of the key players operating in the global chromatography reagents market are Bio-Rad Laboratories, Inc. (U.S.), Waters Corporation (U.S.), Santa Cruz Biotech, Inc. (U.S.), Merck KGaA (Germany), Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Regis Technologies, Inc. (U.S.), Shanghai Aladdin Biochemical Technology Co., Ltd. (China), Avantor Performance Materials, Inc. (U.S.), Honeywell International, Inc. (U.S.), Tokyo Chemicals Industry Co., Ltd (Japan) and, Loba Chemie Pvt. Ltd. (India).
Download Free Report Sample Now: https://www.meticulousresearch.com/download-sample-report/cp_id=5503
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- [email protected]
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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Last Updated December 1, 2023