Top 17 Chromatography Product Companies, Worldwide 2024

The Chromatography Product Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Chromatography Products. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 60 companies of which the Top 17 Chromatography Product companies were categorized and recognized as the quadrant leaders.

Chromatography is used in analytical chemistry for the separation and analysis of volatile compounds without decomposition. It is used to conduct complicated separations like amino acid sequencing or pollutant separation. In this non-destructive technique, separation is based on differential partitioning between the mobile and stationary phases. Chromatography products such as instruments, consumables, software & aftermarket services play a vital role in the overall chromatography workflow. These products are required for various applications, including analysis, testing, clinical diagnostics, and industrial processes, among others. 

The 360 Quadrant maps the Chromatography Product companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Chromatography Product’s quadrant. While the top criteria for product footprint evaluation included Types Of Chromatography Technique (HPLC+UPLC/LC-MS, MPLC+LPLC, GC/GC-MS, SFC), Product Category Offered (Instruments (System, Columns & Detectors), Consumables (Reagents & Disposables), Services & Software), End-Use Applications (Analytical Chromatography, Process/Industrial Chromatography), End-User Industry (Pharma & Biotech Companies, Academia & Research Institutes & CROs, F&B and Agriculture, Environmental Agencies, Applied Industries (Petrochemicals, Specialty Chemicals, Diagnostics and Forensics)), Product Launches & Approvals, Chromatography Products Launched In The Past 3 Years, Chromatography Products approved in the past 3 years, and R&D Expenditure.

Key trends highlighted in 360 Quadrants:

• Investments in pharmaceutical R&D and escalating concerns regarding food safety are poised to propel the global market for chromatography products. The rising significance of chromatography tests in drug approvals and the growing demand for chromatography instruments in emerging economies are anticipated to present profitable growth prospects for industry participants in the near term. Conversely, the market growth may face limitations due to the elevated costs associated with advanced chromatography equipment.
• North America is poised to maintain its dominance in the global chromatography instruments market, capturing a share of nearly 42% by 2023. A significant portion of this regional market is primarily driven by increased funding in medical research, stringent drug development regulations, and a burgeoning number of metabolomics research activities in the USA. Meanwhile, the Asia Pacific market is anticipated to exhibit the highest growth rate. This growth is attributed to pharmaceutical manufacturers' escalating focus on expansion projects, augmented funding for proteomics and generic drug manufacturing, increased government investments in the biomedical sector, burgeoning growth in the food & beverage industry, and a rising tide of life sciences research.
• In terms of Chromatography Techniques, the market for chromatography products is divided into HPLC+UPLC/LC-MS, MPLC+LPLC, GC/GC-MS, and SFC. Among these, the HPLC+UPLC segment holds the largest share, driven by the widespread adoption of HPLC methods and the rising demand for UPLC systems due to their faster analysis and higher resolution capabilities. HPLC not only separates analytical mixtures effectively but also enables identification and quantification. The global market for HPLC is forecasted to reach USD 5.7 billion by 2025, propelled by factors such as the high sensitivity and accuracy of HPLC, increasing reliance on HPLC tests for drug approvals, growing interest in hyphenated techniques, and rising investments in pharmaceutical R&D. Nonetheless, market growth may face limitations due to the high cost associated with HPLC equipment.
• In terms of end users, the pharmaceutical & biotechnology industries segment claimed the largest share of the market in 2023. This substantial portion of the segment is credited to the escalating R&D investments by pharmaceutical and biopharmaceutical companies, coupled with the expiration of patents for blockbuster drugs and biomolecules. The chromatography product companies will see increased demand from the pharmaceutical and biotechnology industries as those sectors continue making large R&D investments and face expiring patents for major drugs.
• Thermo Fisher Scientific, Inc. (USA), Agilent Technologies, Inc. (USA), Waters Corporation (USA), Shimadzu Corporation (Japan), Merck (Germany), Danaher (USA), and PerkinElmer, Inc. (USA) stand as the leading chromatography product companies in the market. These Chromatography Product Companies are strategically prioritizing product launches, collaborations, and acquisitions to bolster their global market footprint. For instance, in March 2023, Waters unveiled the Alliance iS, a state-of-the-art intelligent HPLC System aimed at minimizing compliance risks through advanced proactive error detection, troubleshooting functionalities, and user-friendly features. When paired with Waters’ compliance-ready Empower Chromatography Software and eConnect HPLC Columns, the Alliance iS HPLC System simplifies the process of achieving precise measurements by identifying and rectifying common errors, potentially reducing them by up to 40%.
• The pivotal role of gas chromatography (GC) columns in the petrochemical industry, owing to their superior sensitivity and reproducibility, highlights the critical need for advancements in this technology to reduce downtime and enhance results. As the petrochemical sector continues to expand in both developed and emerging markets, there arises a pressing demand for novel GC solutions tailored to address separation challenges specific to this industry. This presents a significant opportunity for chromatography product companies to innovate and develop tailored solutions that meet the evolving needs of the petrochemical sector, thereby paving the way for enhanced efficiency, accuracy, and reliability in petrochemical processes and facilitating market growth and penetration for companies operating in this space.