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Global Chromatography Reagents Market Share Leaders , Size, Opportunities Assessment, Covid-19 Impact Analysis, Trends And Forecast to 2025

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Healthcare Market Research
Global Chromatography Reagents Market Share Leaders , Size, Opportunities Assessment, Covid-19 Impact Analysis, Trends And Forecast to 2025

The chromatography reagents market size is projected to grow from an estimated USD 5.5 billion 2020 to USD 7.8 billion by 2025, at a CAGR of 7.1% during the forecast period. Market growth is driven largely by factors, such as increasing R&D investments in the pharmaceutical and biotechnology industry, and increasing importance of chromatography tests for drug approvals. Moreover, growing use of chromatography in proteomics in emerging countries is expected to present avenues of growth for market players.

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COVID-19 Impact on the Global Chromatography Reagents Market

The COVID-19 pandemic has intensified drug discovery and research efforts while adding to the pressure on pharma and clinical labs. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is still diverse. While a few industries will register a drop in demand, numerous others will continue to remain stable and show promising growth opportunities. The chromatography reagents market has witnessed significant growth over the years; however, due to the unexpected COVID-19 outbreak, the market is expected to witness additional growth in 2020, owing to the increasing use of chromatography techniques in the approval of various drugs. In addition, technological advancements and the increasing importance of chromatography in hospital laboratories, forensic laboratories, and pharmaceutical companies will enhance market growth in the forecast period.

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Chromatography Reagents Market Dynamics

Driver: Increasing public-private investments in the pharmaceutical and life science research industry

Chromatography is a versatile separation technique that is used across many industries, such as biopharmaceutical and pharmaceutical, food & beverage, petrochemical, and agribio. Pharmaceutical and biotechnology companies are investing significantly in research to come up with breakthrough protein-related products to meet the growing needs of the healthcare sector. Chromatography, spectroscopy, PCR, flow cytometry, and NGS, among other techniques, are commonly used in proteomic research. Currently, pharmaceutical and biotechnology companies are increasingly adopting these technologies for protein separation and identification during drug discovery and development. The growing public and private investments in pharmaceutical and life science research are driving the adoption and use of chromatography systems. This, in turn, is increasing the demand and consumption of chromatography reagents across the globe.

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By separation mechanism, the adsorption chromatography segment is expected to grow at the fastest rate during the forecast period.

Adsorption chromatography is a type of liquid chromatography in which chemicals are retained based on their adsorption and desorption at the surface of the support, which also acts as the stationary phase. This method is also sometimes referred to as liquid-solid chromatography. Retention in this method is based on the competition of the analyte with molecules of the mobile phase as both bind to the surface of the support. The degree of a chemical's retention in adsorption chromatography will depend on the binding strength of this chemical to the support, surface area of the support, amount of mobile phase displaced from the support by the chemical, and binding strength of the mobile phase to the support. A wide range of applications and higher adoption of adsorption as a separation mechanism in various industries is a key factor driving the growth of this market.

A few major players that have an extensive geographic presence dominate the chromatography reagents market industry globally. The leading players in the chromatography reagents market include Agilent Technologies (US), Thermo Fisher Scientific (US), Merk Group (Germany), Sigma-Aldrich (US), Avantor Performance Materials (US), Waters Corporation (US), Bio-Rad Laboratories (US), GE Healthcare (UK), Regis Technologies (US), Santa Cruz Biotechnology (US), and Loba Chemie (India).

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