The Global Chromatography Market is valued at $9,043.2 million in 2017 and is expected to reach $11,586.5 million by 2022, at a CAGR of 5.1% during the forecast period, driven by the increasing investment and funding for life sciences research, growing use of chromatography technique in drug approval, increased funding for chromatography technologies by regional governments, various technological advancements, and increasing investments by the major players in emerging markets.
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Over the years, chromatography has evolved to become the method of choice for the analysis, identification, and purification of a wide variety of compounds. It is a widely used process that has found applications in different fields, such as pharmaceutical & biotechnology industries, academics and research institutes, food & beverage industries, environmental agencies, and hospitals and clinics. The applications of chromatography instruments and accessories have been increased in the last 40 years and continue to do so due to the increase in complex samples that require high-speed separation technologies.
The global chromatography market is segmented by various types of systems, consumables, and accessories. The market is further segmented by end users and geography. The systems market is classified into liquid chromatography, gas chromatography, supercritical fluid chromatography, and thin-layer chromatography. The liquid chromatography systems market dominated the overall market in 2016 and is also estimated to continue its dominance over the forecast period, owing to the growing application in food testing, and clinical research and molecular diagnostics, technological advancements, and growing research and development expenditure in this field.
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