Global Markets for Reagents for Chromatography
Global revenues from chromatography reagents totaled nearly $4.3 billion in 2011 and $5.2 billion in 2012. Total revenues should reach $11.9 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 18%.
SCOPE OF THE STUDY
The scope of this study comprises the markets of reagents of chromatography along with various chromatography techniques. BCC analyzes each market; the different types of chromatographic techniques and reagents; the regulatory aspects; the end users of the chromatographic reagents and market projections, its market leaders and market share. The study also offers details of technological refinements including the latest trends and developments.
ABOUT THE AUTHOR
The study has been carried out by a team of professionals in the biotechnology industry. The project manager for this project is Shalini S. Dewan, who holds a master’s degree in pharmaceutical chemistry and has more than 14 years of industry experience. Shalini was awarded a Gold Medal by the Prime Minister of India for her work and has worked with top companies in India and in the U.S. Some of her other reports with BCC are: Reagents for Chromatography; Spectroscopy, An Enduring Market; Advanced Drug Delivery Systems, Technologies and Global Markets; Orthopedic Drugs, Implants and Devices; Medical Imaging Reagents and Analysis Equipment; Pharmaceutical Regulatory Industry; The Dynamic Media, Sera and Reagent Market in Biotechnology; Contract Pharmaceutical Manufacturing, Research and Packaging: Global Markets; Chiral Technology: Global Markets; Autacoids and Related Drugs: Technologies and Global Markets; Contraceptives: Technologies and Global Markets; Liver Disease Treatments: The Global Market; Hormone Replacement Therapies and Other Hormone Therapies: Global Markets; Cardiovascular Medicine: Diagnostics, Drugs and Devices; and Cancer Therapies: Technologies and Global Markets.
- The U.S. market for reagents used in chromatography was worth $2.9 billion in 2007. It is expected to reach $5.2 billion by 2012 for a compound annual growth rate (CAGR) of 12.6%.
- Gas chromatography is the fastest growing segment in terms of sales of reagents. Worth an estimated $690 million in 2007, this segment should reach $1.9 billion by 2012, for a CAGR of 22.9%.
- Pharmaceutical and biotech industries are the major consumers of chromatography reagents.
The development of new niche markets, the push by clinical testing and increased demands for routine environmental testing will spur growth in the chromatography market.
U.S. expenditures for reagents used in chromatography are about to reach $1.5 billion in 2002 and will have an average annual growth rate (AAGR) of 11.8%.
The gas chromatography market is growing at the fastest pace.
High-performance liquid chromatography growth currently is being fuelled by demand from the pharmaceutical industry, especially drug devevelopment. HPLC is growing at an annual average growth rate of 7.8%.