Boston, MA -- (ReleaseWire) -- 01/07/2014 -- The global chromatography accessories and consumables market is a technology-driven market where technologies as well as their adoption by end users witness a rapid change. This market is expected to grow at a CAGR of 5.7% from 2013 to 2018, to reach $3.5 billion by 2018.
In this report, the global chromatography accessories and consumables market is segmented across many levels, namely, market by types, technology, and end users. The market by types consists of various chromatography accessories and consumables, namely, columns and column accessories, autosamplers and autosampler accessories, flow management accessories and consumables, fittings and tubings, detectors, mobile phase accessories, fraction collectors, and pressure regulators. Based on technology, the market is segmented into liquid chromatography (LC) and gas chromatography (GC) accessories and consumables. The liquid chromatography accessories and consumables segment is further divided into high pressure liquid chromatography (HPLC), ultra high pressure liquid chromatography (UHPLC), flash chromatography, and low pressure liquid chromatography (LPLC).
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The chromatography accessories and consumables market demands significant investments in R&D in order to constantly come up with new and innovative products and technologies. Hence, majority of the players in this market compete against each other in order to enhance their market shares with continuous investments towards innovation and constant up-gradation of their product portfolios.
Currently, all the major players in this market are focusing on increasing their presence in high-growth markets across emerging countries in Asia-Pacific, such as China, India, South Korea, Taiwan, Hong Kong, and Singapore. These markets offer an array of opportunities for growth and are expected to be the new revenue pockets for the global chromatography accessories and consumables market. Majority of the demand in this market is driven by the growing demand for chromatography procedures in the life sciences, biotechnology, chemicals, pesticide, food and beverage, and other similar industries. Furthermore, growth in government investments in the APAC biomedical industry is one of the key factors propelling the growth of the chromatography accessories and consumables market in the APAC region.
The autosampler accessories and consumables market, which consists of vials, autosampler syringes/sample needles, and septa, is the fastest-growing segment in the chromatography accessories and consumables market. Vials account for the largest share in this market. In this segment, innovations in terms of variety of materials used for manufacturing as well as designing the equipment are expected to drive the growth of this market in the forecast period.
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