Chromatography Reagents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The global chromatography reagents market stood at around USD 8,500 million in 2020 and is expected to register a CAGR of over 6.5% during the forecast period of 2021-2026.

The market was not affected by the COVID-19 pandemic in 2020, as it includes end-use applications such as pharmaceuticals and food and beverage. The demand for pharmaceuticals and food and beverage industry has increased during the COVID-19 pandemic, which has augmented the chromatography reagents market during 2020.

• Over the short term, the major factors driving the growth of the market studied are the rising importance of chromatography across various industries and technological advancements in chromatography processes.
• On the flip side, the high cost of chromatography systems and lack of skilled professionals​ serves as one of the major stumbling blocks in the growth of the studied market.
• By application, pharmaceutical segment is expected to dominate the market and is likely to grow at fastest rate during the forecast period.
• North America dominated the market across the world, where the growth is majorly driven by the growing adoption of chromatography technique in pharmaceutical, and food and beverage industries.

Scope of the Report

The chromatography reagents market report is segmented by type, physical state of mobile phase, technology, apllication and geography. By type market is segmented into buffers, ion pair reagents, solvents, other types. By physical state of mobile phase, the market is segmented by gas chromatography reagents, liquid chromatography reagents, and super critical fluid chromatography reagents. By technology market is segmented into ion exchange, affinity exchange, size exclusion, hydrophobic interaction, mixed-mode, and other tchnologies. By application market is segmented into pharmaceutical, food and beverages, water and environmental analysis, and other applications. The report also covers the market size of and forecasts for the chromatography reagents market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

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Key Market Trends

Pharmaceutical Segment to Dominate the Market Demand

• The pharmaceutical industry is one of the most regulated industries worldwide, since the drug products must be safe and effective. To ensure the least risk to patients, all pharmaceutical products must be of the highest quality. Various technological equipment and analytical procedures, including liquid chromatography, are used by researchers, manufacturers, and developers during the development process to ensure that the goods meet the requirements.
• Chromatography is used in the pharmaceutical industry for a variety of purposes, including identifying and analyzing samples for the presence of chemicals or trace elements, preparing large quantities of extremely pure materials, separating chiral compounds, detecting mixture purity and unknown compounds present, and drug development.
• The HPLC chromatography technique is the most important analytical techniques used in the pharmaceutical business for identifying and quantifying pharmaceuticals. During the research, development, and production of medicine, this is used either in the active pharmaceutical ingredient or in the formulations. The first step in drug development is to find a therapeutic molecule, which can be done utilizing the fast or ultra-quick HPLC chromatography technique for separation and high-throughput screening. This chromatography technique is commonly utilized in pharmacokinetics, bioassays, and metabolic research, owing to its great sensitivity and selectivity.
• The basic principle and separation technique of GC are outlined in the GC section of the United States Pharmacopeia (USP) 27 Chapter. Residual solvent analysis, analysis of diverse functional groups, analysis of drugs of abuse, and determining the identity of natural products, including complicated mixtures of related compounds, are some of the applications of GC in pharmaceutical sectors.
• The pharmaceutical segment across the globe has grown rapidly in the past five years. Moreover, the COVID-19 pandemic, which hampered many industries, had the opposite effect on the pharmaceuticals segment. IQVIA, an American MNC serving the combined industries of health information technology and clinical research, stated that the revenue of the global pharmaceutical segment was USD 1265.2 million in 2020. Several countries, like India, the United States, Germany, and others, increased their expenditure on pharmaceuticals/medicines over the recent years. This is boosting the global chromatography reagents market.
• The use of pharmaceutical products remarkably increased over the years, for the treatment of multiple pathological conditions, such as genetic diseases and cancer. With the growing burden of diseases, the need for early diagnosis and treatments increases. The pharmaceutical and biotechnology companies increased their investment and research for such therapies, and as the chromatography reagents are highly required in such research process, the segment is expected to drive the growth of the market.
• Therefore, with the growth of the pharmaceutical industry, the demand for chromatography reagents is likely to rise during the coming years.

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