Rapid development in the field of analytical technology has resulted in the increased precision of chromatography techniques over the years, thereby fueling the growth of the global chromatography accessories and consumables market. Chromatography techniques find application in industries such as pharmaceuticals, CROs, life science research, oil and gas, food and beverages, forensics, sports, chemicals, polymers, and medicine.
Segmentation by Product: Solvents, Buffers, and Adsorbents Hold Largest Share
The chromatography accessories and consumables market can be segmented on the basis of product type into columns and column accessories, chromatography media/resins, chromatography filters, chromatography detectors and accessories, solvents, buffers, and adsorbents, and other accessories and consumables.
Of these, solvents, buffers, and adsorbents have been identified to be the largest and fastest growing product segment of the chromatography accessories and consumables market. Recurring demand from the biopharmaceutical and biotechnology segments for continuing existing operations and rising demand from pharmaceutical and research industries are mainly responsible for the growth of the solvents, buffers, and adsorbents segment. Columns and column accessories are expected to develop at the second-highest CAGR from 2015 to 2023, according to a report by Transparency Market Research.
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Segmentation by End Users: Pharmaceutical Industry Dominates Global Market
Chromatography accessories and consumables are used in hospitals and diagnostic laboratories, academics and research, food and agriculture, pharmaceuticals, and others. Thanks to factors such as increasing incidence of chronic diseases across the globe, rise in government funding towards research and development activities, and rising drug discovery and development activities, the pharmaceuticals segment held the largest share of the chromatography accessories and consumables market. Revenue-wise, this segment accounted for 34.4% of the market in 2014 and analysts predict that it is likely to retain its leading position through 2023.
The academic and research segment held the second-largest share in 2014. The use of chromatography accessories and consumables in the food and agriculture segment is driven by the demand for purity against pesticides in agricultural products.
Segmentation by Geography: Asia Pacific Fastest Developing Region by 2020
The global chromatography accessories and consumables market is geographically segmented into five major regions: Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa (MEA). The North American region, which comprises the U.S. and Canada, held 40.2% of the overall chromatography accessories and consumables market in 2014, making it the largest regional segment. High financial capability as well as inclination to purchase massive volumes of chromatography accessories and consumables for biochemical research and analysis, coupled with the strong presence of leading manufacturers drives the North America chromatography accessories and consumables market. Growing applications of chromatography in forensics, medicine, and cosmetics is also expected to fuel the demand for chromatography accessories and consumables.
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Asia Pacific, on the other hand, is likely to be the most rapidly developing regional segment of the global chromatography accessories and consumables market owing to economic recovery, improving healthcare infrastructure, rising R&D activities, expansion of global companies in the region, and increasing demand for innovative chromatography products.
Some of the leading players in the global chromatography accessories and consumables include Shimadzu Corporation, Phenomenex, EMD Millipore, Waters Corporation, Bio-Rad Laboratories, Inc., PerkinElmer, Inc., Tosoh Corporation, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., GE Healthcare, Pall Corporation, and Sigma-Aldrich Corporation.