Chromatography Software Industry Surges with a Projected US$ 3.2 Billion by 2033, Fueled by an Impressive 11.3% CAGR | FMI

The Chromatography Software Industry, which was worth US$ 1.1 billion in 2023, is predicted to grow to US$ 3.2 billion by 2033. Chromatography techniques are increasingly being used in a variety of disciplines, including the chemical and pharmaceutical industries, environmental testing laboratories, the food industry, and forensic science, which is expected to offer up new potential opportunities for the market in the future years. Furthermore, the widespread use of chromatography techniques in drug discovery procedures is propelling the chromatography market forward.

Gas Chromatography Columns with Constant Development for Petrochemical Applications

Gas chromatography is one of the most widely utilized analytical procedures in the petroleum industry. This is because of its great susceptibility to volatile components. The use of specialized gas chromatography columns in petroleum analysis is increasing, with industry expectations for enhanced columns that improve overall analytical performance and chromatographic efficiency.

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Pricey Chromatography Tools

Chromatography instruments are expensive since they contain numerous innovative capabilities and features. However, the price of these instruments varies depending on the application. These instruments are widely used in the pharmaceutical industry because they use capillary columns to separate chemicals such as hydrogen, oxygen, and methane.

Small and medium-sized businesses in industries such as food and beverage, oil and gas, biotech and pharmaceutical, and research and academic institutions are requesting more of these systems for their procedures. As a result, the amount of money spent on such systems has expanded significantly.

Key Takeaways from the Chromatography Software Market

• The chromatography market is expected to record a CAGR of 11.3% during the forecast period 2023 to 2033.
• Configurable interface and user-friendly software, as well as increased demand for laboratory automation, are key drivers driving the chromatography software market
• North America dominated the market for the chromatography software market.
• From 2023 to 2033, the web and cloud-based software sector led the market, accounting for 10.8% of total revenue.

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Key Development in the Chromatography Software Market

• January 2022 – The United States Food and Drug Administration (FDA) increased the Waters Corporation Empower Chromatography Data Software (CDS) deployment to service its five field scientific laboratories. This deployment may complement the chromatography data system’s unique product portfolio and boost the company’s existing product line, opening a new market potential for designing highly effective solutions for gathering, processing, and reporting data from various measuring devices.
• May 2021 – Waters Corporation struck an agreement with SCIEX, a global leader in life science analytical technology. Customers who acquire and implement SCIEX mass spectrometry (MS) systems will receive Waters Ultra-Performance Liquid Chromatography instruments that are fully set up and compatible.
• August 2018 – Agilent Technologies announced the release of a new version of their chromatography data programmer, allowing laboratories to upload documents in the Allotrope Data Format (ADF), an advanced standard developed by a group of pharmaceutical companies. This strategic approach aided the organization in gaining a competitive advantage and strengthening its market position.

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Key Segment

By Device Type:

• Standalone
• Integrated

By Deployment Type:

• On-premise
• Web & Cloud-based

By Application:

• Pharmaceutical Industry
• Forensic Testing
• Environmental Testing
• Food Industry

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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