CHROMATOGRAPHY MARKET ANALYSIS

The high costs associated with chromatography instruments can hamper the global chromatography market growth. Chromatography techniques require expensive and sophisticated instruments that need substantial capital investment. These instruments such as liquid chromatography, gas chromatography systems, and preparative chromatography equipment have a high price tag ranging usually between US$ 50,000 to US$ 500,000. The maintenance and repair costs of these instruments are also substantial, which further adds to the operational expenses of research laboratories and industries. The rising costs have made chromatography inaccessible for small and medium scale research facilities as well as industries with limited resources. While chromatography provides high quality analytical data and is indispensable for research and process development, its high capital expenditure acts as a deterrent, especially for cash-strapped startups, and resource-constrained public research institutions in developing countries. This has restricted the adoption of chromatography techniques to well-funded private laboratories and large multinational companies.

Market Opportunities: Increasing importance of quality by regulatory agencies

Increasing focus on quality control and regulation by various agencies around the world can offer opportunity for global chromatography market growth. Strict norms and standards introduced by bodies like FDA and EMA have compelled pharma and biotech companies to incorporate robust quality testing methods at various stages of drug manufacturing. Chromatography techniques like HPLC and GC have emerged as go-to technologies for companies to ensure product quality as per regulatory specifications in a reliable, reproducible manner. Agencies are also mandating more frequent quality checks and advanced analytical testing for a wider range of industries beyond pharma/biotech like food and beverage, chemicals and petrochemicals. For example, the European Commission updated standards for pesticide residue limits in food, and introduced new MRLs for 67 pesticide-commodity combinations based on toxicity risk assessments (European Commission, 2022). Such measures encourage the use of chromatography among food producers and exporters to validate compliance with global food safety norms. The trend of globalization of trade and rising consumer health awareness has also increased pressure on brands to maintain high transparency regarding ingredients, chemical content and sources of raw materials