The global chromatography software market is poised for remarkable growth, with its valuation expected to surge from USD 1.1 billion in 2023 to USD 3.2 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 11.3% during the forecast period.
This market expansion is driven by the increasing demand for efficient laboratory automation, the growing adoption of chromatography in pharmaceutical, biotech, and food testing industries, and the need for data precision in research and quality control. Chromatography software plays a crucial role in enhancing the accuracy, efficiency, and data management of chromatography processes, making it an indispensable tool in modern laboratories.
This substantial increase is driven by the growing demand for advanced software solutions that enhance the efficiency and accuracy of chromatography processes in various industries, including pharmaceuticals, biotechnology, and environmental testing. Innovations in software technology and increasing complexities in analytical processes are contributing to this dynamic growth.
As the need for precision and data management in chromatography continues to rise, the market for chromatography software is poised for continued expansion and technological advancement.
The rising technological integration and automation in pharmaceutical 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 increased usage 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 chromatography software handling, on the other hand, may have a negative impact on market growth.
Due to all the factors mentioned above, the chromatography software 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, Bruker Corporation, 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, major market participants implement strategic formulations such as forward integration, new product development, geographic expansion, and research collaborations.
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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)
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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