The chromatography reagents market has been forecast to increase at a compound annual growth rate (CAGR) of 10.6% over the next five years, increasing from a value of around $4.6 billion at the beginning of 2013, to reach a total of $7.6 billion by 2018.
The market is expected to witness high growth due to high demand of chromatography reagents in the growing pharmaceuticals market. Various government agencies from all over the world are investing in the chromatography reagents market, which is helping companies to develop new and advanced products.
Factors such as innovations, incessant rise in the acquisitions/partnerships in the chromatography reagents market, and the rampant use of chromatography reagents across various industries are further bolstering the growth of this market.
Chromatography is the collective term for a set of laboratory techniques for the separation of mixtures. The mixture is dissolved in a fluid called the mobile phase, which carries it through a structure holding another material called the stationary phase. The various constituents of the mixture travel at different speeds, causing them to separate.
The separation is based on differential partitioning between the mobile and stationary phases. Subtle differences in a compound's partition coefficient result in differential retention on the stationary phase and thus changing the separation.
According to a recent market report, 'Chromatography Reagents Market: Global Forecasts to 2018,' North America is the largest chromatography reagents market.
The large size of the North American chromatography reagents market can be attributed to augmented research activities for the development of drugs and biologics, increasing number of conferences, and growth in government investments.
Increasing conferences on chromatography in Singapore and Malaysia; expansion of chromatography companies in China, India, Singapore, Vietnam, and Japan; prominent pharmaceutical companies outsourcing their drug discovery and development services to Asian (especially in China and India) are the factors that are fuelling the demand for separation services and chromatography reagents in Asia.
A number of companies are currently working in the chromatography reagents market, these include Agilent Technologies (U.S.),Waters Corporation(U.S.), EMD/Merck Millipore (U.S.), Phenomenex, Inc. (U.S.), Sigma- Aldrich Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories (U.S.), G.E Healthcare (U.K.),Tosoh Corporation (Japan),Pall Corporation (U.S.), Life Technologies (U.S.), VWR International LLC.(U.S.), W.R. Grace & Co.(U.S.), Becton Dickinson & Co (U.S.), Regis Technologies (U.S.), and Helena Laboratories (U.S.).
For more information on the chromatography reagents market, see the latest research: Chromatography Reagents Market
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