Liquid Chromatography Systems market has been pegged at $3.5b in the year 2013 growing at 6.0% annually and is projected to reach $4.7b by the end of the year 2018
(PRWEB) May 22, 2014
The liquid chromatography systems market is expected to grow at a CAGR of 6.0% from 2013 to 2018 and is projected to reach $4.7 billion by 2018. This market is growing at a stable rate since the market is saturated in developed regions such as the U.S. A rise in funding, grants by government bodies worldwide, and incessant new product launches are the major factors aiding the growth of the liquid chromatography market. The major end-users of this market are pharmaceutical and biotechnology companies, and research and academic institutes.
The North American market for liquid chromatography systems is holding the largest share of the market, and is predicted to grow at a CAGR of 6.1% from 2013 to 2018. New International GMP & GDP certification for pharmaceutical excipients is fostering the scope of liquid chromatography. The Food Safety Modernization Act (FSMA) is a major opportunity for the growth of this market in upcoming years. Furthermore, new product launches and strategic alliances such as partnerships, collaborations, and joint ventures are also responsible for the growth of this market. The need of skilled personnel and the growing shift towards developing countries is restraining this market.
Browse through the market data tables and figures and detailed ToC on the “North America Liquid Chromatography Market”.
Europe Liquid Chromatography Systems Market:
Europe is the second major contributor in the liquid chromatography market, and is expected to grow is market share at a CAGR of 5.6% from 2013 to 2018. Major reforms by regulatory authorities, the rise in importance of liquid chromatography tests, and growing food safety concerns are fostering the growth of the liquid chromatography market in Europe. The growing proteomics market is a potential opportunity that will command the growth of this market in the future.
Asia Liquid Chromatography Systems Market:
Emerging Asian economies such as China and India will be the focal points for the growth of liquid chromatography systems in the Asian market. The key industry players are establishing their presence in China by establishing new facilities, R&D centers, and innovation centers in China. India is a major hub for a number of chromatography-based research activities. Chromatography associations, research institutes, and laboratories are bolstering the growth of the chromatography systems market in India. Owing to this, the Asian market is poised to grow at a CAGR of close to 7.0% between 2013 and 2018.
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