- The market is growing at a CAGR of 5.55 percent from 2014-2018, with most of the growth being encouraged by demand for biopharmaceuticals.
TechNavio, the independent tech-focused global research firm, reports that the Global Liquid Chromatography Systems Market is facing some serious challenges, but ever-increasing demands for biopharmaceuticals will contribute to market growth over the next four years.
Liquid chromatography is an analytical technique used to separate and identify components in a solution. This technique is routinely used by pharmaceutical companies as a purification technique for the commercial production of biopharmaceuticals.
The increase in the development of new biological therapeutic entities for addressing various complications and illnesses has paved the way for the rapid growth in pharmaceutical and biological research.
“Many research institutions require fast purification systems, and liquid chromatography systems allow robust, quick, and reliable solutions for the purification of biological and chemical entities that mandates their use in such research. Therefore, the increase in pharmaceutical and biological research will increase the adoption of liquid chromatography systems, which in turn will boost the growth of the Global Liquid Chromatography Systems market during the forecast period,” says Faisal Ghaus, Vice President of TechNavio research.
Increased demand for biopharmaceuticals recently has necessitated the use of chromatographic systems with rapid purification features. This demand has led to a high adoption rate of automated chromatographic systems by research labs and large commercial ventures alike, resulting in the growth of the Global Liquid Chromatography Systems market.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Liquid Chromatography Systems Market please send an e-mail to media@TechNavio.com
https://www.technavio.com/%3Cp%3EMedia%20Contact%3A%3C/p%3E%0A%0A%3Cp%3EJ…
