Chromatography Instrumentation Market Size to Hit USD 14 Billion by 2035 | Roots Analysis
LONDON, Jan. 15, 2024 /PRNewswire/ -- The global chromatography instrumentation market is growing rapidly; it is estimated to be worth USD 7.6 billion in 2023 and is anticipated to reach USD 14 billion by 2035. It is expected to grow at a compounded annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2035.
- Secondly, the chromatography instrumentation market is also driven by the rapidly evolving purification process-specific requirements across different industries.
- The high cost associated with the development of chromatography instrumentation and operational expenditures are the two major market restraints that impede the growth of the market.
- The lack of skilled personnel to operate the instrument is considered a key market restraint that restricts the growth of the chromatography instrumentation market.
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Based on the type of chromatography instruments, the market is segmented into liquid chromatography, gas chromatography, and other systems.