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According to a new research report from RESEARCHANDMARKETS, the global chromatography instrument market will total $10.99 billion by 2022, a compound annual growth rate of 6.9% compared to $7.86 billion in 2017.
report notes that the growing food safety problems, the increasing use of chromatography methods, chromatography and their associated technologies in the drug approval process are the main drivers of sustained growth in the market. However, the high cost of equipment may inhibit the growth of the chromatography instrument market during the forecast period.
a growing number of governments are stepping up their efforts in the area of environmental governance, and countries such as the United States and the United Kingdom are investing more in research funding, creating new opportunities for participants in the chromatography instrument market. In 2016, the Uk Council for Engineering and Physical Sciences Research provided a grant of approximately US$85 million (approximately ￡77 million) for healthcare research, including analytical instruments. The U.S. Environmental Protection Agency also raised its fiscal 2016 budget to $8.6 billion from $452 million in fiscal 2015.
the report splits the chromatography instrument market into systems, detectors, autoseeders, and fraction collectors. Chromatography systems are expected to account for the largest share of the chromatography instrument market in 2017 due to increased use during the drug approval process.
spectrometry instrument market can be further divided into chromatography instruments, consumables and accessories, consumer goods are expected to account for the largest share of the overall market in 2017. From the application point of view, the chromatography instrument market covers life sciences, environmental testing, food and beverage testing and other fields. In 2017, life sciences will have the highest share of the chromatography instrument market and will continue to grow rapidly at the highest compound growth rate in the future. (Instrument Information Network)
