According to the latest market research study by Technavio, the global gas chromatograph market is expected to grow at a CAGR of more than 5% during the estimated period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global gas chromatograph market in terms of revenue and rising market trends. The report also includes a current analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The leading two revenue contributing product segments are discussed below:
Gas chromatograph market in life sciences sector: The growing focus on the development of drugs that cure diseases will raise the requirement for gas chromatograph in the global market. These drug innovations are driven by new research methods and new therapeutic options that include immune-related oncology drugs, biologics, stem cells, and personalized medicines. Furthermore, the demand for these machines in the life sciences sector will be driven by the resurgence in the number of new drug approvals.
“The increase in funding by governments worldwide for the biotechnology and pharmaceutical sectors will boost the sale of these devices in the global market. The expansion of existing facilities and the setting up of new research and testing facilities in developing countries will increase the adoption of these devices. It is estimated that the requirement for gas chromatograph will be from APAC countries, especially Singapore, South Korea, and Taiwan, and Latin American countries during the forecast period,” says Gaurav Mohindru, a lead analyst at Technavio for research on test and measurement.
Gas chromatograph market in research sector: The increasing investments, funds, and grants provided by government bodies will attribute to the use of advanced chromatography techniques in various industries. The primary end-user of these devices includes research laboratories and academic and forensic establishments. The market will be driven by the growth in research activities in the fields of proteomics, medicine, metabolomics, and genomics.
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The key vendors functioning in the global gas chromatograph market are:
- Agilent Technologies
- PerkinElmer
- Shimadzu
- Thermo Fisher Scientific
The other prominent vendors in the market include ABB, Analytical Pixels Technology, Applied Instrument Technologies, Ellutia, Emerson, SRA Instruments, Siemens, SRI Instruments, Phenomenex, W.R. Grace & Co, and Yokogawa Corporation of America.
A more detailed analysis is accessible in the Technavio report titled, ‘Global Gas Chromatograph Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Chromatography Market 2016-2020
- Global Pre-Packed Chromatography Columns Market 2016-2020
- Global Ultrasonic NDT Equipment Market 2016-2020
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