Market Size –
The chromatography software market size has grown rapidly in recent years. It will grow from $1.19 billion in 2023 to $1.32 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to advancements in analytical techniques, rising need for automation, stringent regulatory requirements, increasing complexity of analytical processes, integration with laboratory information management systems (LIMS).
The chromatography software market size is expected to see rapid growth in the next few years. It will grow to $.96 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to emergence of AI and machine learning integration, shift toward cloud-based solutions, focus on laboratory efficiency and productivity, integration with big data analytics, increased adoption of high-resolution mass spectrometry (HRMS). Major trends in the forecast period include automation and integration, cloud-based solutions, advanced data analysis, real-time monitoring, remote access and collaboration.
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Scope Of Chromatography Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Chromatography Software Market Overview
Market Drivers –
The rising production of pharmaceuticals is expected to propel the chromatography software market going forward. The production of pharmaceuticals is a multifaceted outcome of evolving healthcare needs, scientific advancements, and market dynamics. The pharmaceutical industry relies on chromatography techniques for quality control and assurance during production. Chromatography software is critical in analyzing and interpreting chromatographic data, ensuring the quality and consistency of pharmaceutical products. For instance, in May 2021, according to reports published by IQVIA Inc., a US-based pharmaceutical company, the projected total expenditure on pharmaceuticals in the US is anticipated to range between $380 and $400 billion by the year 2025, up from $359 billion in 2020, reflecting a compound annual growth rate of 0-3%. Therefore, the rising production of pharmaceuticals is driving the growth of the chromatography software market.
Market Trends –
Major companies operating in the chromatography software market are focused on developing advanced software solutions, such as clarity 9.0, a new version of chromatography software, to provide high-quality, efficient, and user-friendly solutions that meet the evolving needs of the pharmaceutical and analytical industries. For instance, in August 2023, DataApex, a Czechia-based software company, released Clarity 9.0, a new version of chromatography software. This latest version offers several enhancements and features compared to the previous version. The software provides a wide range of chromatogram modification capabilities, including the ability to overlay numerous chromatograms and electronically sign. It also supports networked solutions, allowing offline chromatogram evaluation and technique development. It additionally offers language localization in multiple languages and integration with LIMS for sample submission and result output.
The chromatography software market covered in this report is segmented –
1) By Software Type: Standalone Software, Integrated Software
2) By Deployment: Web Based, On-Premises, Cloud Based
3) By Version: Normal, Customized
4) By Application: Pharmaceutical industry, Environmental testing, Forensic testing, Food And Beverage Industry, Other Applications
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Regional Insights –
North America was the largest region in the chromatography software market in 2023. The regions covered in the chromatography software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the chromatography software market are Hitachi, General Electric Company, Thermo Fisher Scientific Inc., Danaher Corporation, Agilent Technologies Inc., PerkinElmer Inc., Mettler-Toledo International Inc., Shimadzu Corporation, Shimizu Corporation, Bio-Rad Laboratories, Inc., Bruker Corporation, Water Cooperation, JASCO Corporation, DataApex, Scion Instruments, KNAUER Wissenschaftliche Geräte GmbH, Gilson Incorporated., Axel Semrau GmbH & Co. KG, SEDERE, Restek Corporation, Cecil Instrumentation Services Ltd., Sykam GmbH, Antec Scientific, GoSilico GmbH, BUCHI Labortechnik GmbH
Table of Contents
1. Executive Summary
2. Chromatography Software Market Characteristics
3. Chromatography Software Market Trends And Strategies
4. Chromatography Software Market – Macro Economic Scenario
5. Global Chromatography Software Market Size and Growth
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31. Chromatography Software Market Other Major And Innovative Companies
32. Global Chromatography Software Market Competitive Benchmarking
33. Global Chromatography Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chromatography Software Market
35. Chromatography Software Market Future Outlook and Potential Analysis
36.Appendix
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