Market Dynamics
Increasing demand from pharmaceutical and biotechnology industry remains a key driver for the global chromatography market growth over the forecast period. According to data published by GlobalData, the global pharmaceutical industry R&D spend increased to US$209 billion in 2021, up by 4.4% from 2020, indicating rising investments in drug discovery and development programs. Chromatography techniques play vital role during these processes, facilitating purification and analysis of new drug molecules. The usage of chromatography techniques like HPLC, GC, Ion exchange and size exclusion chromatography is growing across drug development stages like lead identification and optimization, preclinical and clinical trials, thereby ensuring continued demand for chromatography equipment and consumables over the coming years. However, high costs associated with chromatography equipment and maintenance remains a key challenge.

Key Takeaways

The Global Chromatography Market Size is expected to witness high growth. The market size for 2023 is US$ 11702.77 Mn with forecast period between 2023 to 2030 witnessing a CAGR of 4.8%.

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