According to an analysis by Future Market Insights (FMI),the chromatography softwaremarket 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 anincrease 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 byincreased 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 chromatographytechniques 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-19infected patient using liquid chromatography combined with mass spectrometry,
according to a study published in June 2020.
The rising technological integration and automation inpharmaceutical 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 increasedusage 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 chromatographysoftware handling, on the other hand, may have a negative impact on market
growth.
Due to all the factors mentioned above, the chromatographysoftware 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.
Competitive Landscape:
Agilent Technologies, Waters Corporation, BrukerCorporation, 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, majormarket 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)
Information Source:
