Chromatography Software Market Analysis with Booming Trends Supporting Growth and Forecast 2032
According to an analysis by Future Market Insights (FMI), the chromatography software market growth is expected to be valued at US$ 1.1 Bn in 2032, with an 7.8% CAGR during the forecast period.
The adoption of chromatography software is due to an increase in the demand for chromatography techniques in research and development activities across several business verticals. For example, increased food safety rules and an increasing focus on pharmaceutical R&D contribute to the growing need for chromatography systems and software.
The expanding need for chromatography software is fuelled by increased pharmaceutical research activities, the rising prevalence of diseases requiring diagnosis and testing, and increased worries about food and safety pharmaceuticals.
Furthermore, due to the increased use of chromatography techniques to study medications and their usefulness as a treatment, the COVID-19 outbreak has boosted the demand for chromatography systems. As a result, the stock market has risen during the pandemic.
Remdesivir was measured in the blood plasma of a COVID-19 infected patient using liquid chromatography combined with mass spectrometry, according to a study published in June 2020.
The rising technological integration and automation in pharmaceutical R&D, forensic, and environmental testing rely on chromatographic systems and software for enhanced efficiency and effectiveness.
The market’s expansion is being fueled by the increased usage of analytical software for optimizing laboratory automation and the development of intelligible software and adjustable interfaces for high accuracy and productivity.
The lack of a skilled laboratory crew for chromatography software handling, on the other hand, may have a negative impact on market growth.
Due to all the factors mentioned above, the chromatography software market is expected to reach US$ 790 Mn in 2028.
Key Takeaways:
- In 2020, the integrated chromatography software category led the market, accounting for 76.5% of total revenue.
- In 2020, the web and cloud-based software sector led the market, accounting for 72.1% of total revenue.
- The pharmaceutical industry segment dominated the market in 2020, accounting for 33.4% of total sales.
- North America dominated the market in 2020, accounting for 49.1% of total sales. The increased usage of technology in laboratory testing and policies that promote the deployment of these technologies to assure reliable results can be linked to the market’s rise.
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Competitive Landscape:
Agilent Technologies, Waters Corporation, Bruker Corporation, Axel Semrau, Shimadzu Corporation, Gilson Inc., and Thermo Fisher Scientific Inc. are the leading participants in the chromatography software market.
To maximize revenue share and boost company growth, major market participants implement strategic formulations such as forward integration, new product development, geographic expansion, and research collaborations.
Key Segments:
By Device Type:
- Standalone
- Integrated
By Deployment Type:
- On-premise
- Web-based
- Cloud-based
By Application:
- Pharmaceutical Industry
- Environmental Testing
- Forensic Testing
- Food & Beverages Industry
- Others
By End Use:
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes
- Testing Facilities
- Hospitals/Clinics
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Fact.MR Analysis and Recommendations
- Market Overview
2.1. Market Coverage
2.2. Market Definition
- Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Chromatography Software Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
- Market Background
4.1. Chromatography Software Market, By Key Countries
4.2. Chromatography Software Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors – Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Chromatography Software Market Growth
4.5.3. Chromatography Software Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Chromatography Software Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
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