New Release: Chromatography Reagents Market 2025 Analysis of Upcoming Trend

The chromatography reagents market size is projected to grow from an estimated USD 5.5 billion 2020 to USD 7.8 billion by 2025, at a CAGR of 7.1% during the forecast period. Market growth is driven largely by factors, such as increasing R&D investments in the pharmaceutical and biotechnology industry, and increasing importance of chromatography tests for drug approvals. Moreover, growing use of chromatography in proteomics in emerging countries is expected to present avenues of growth for market players.

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COVID-19 Impact on the Global Chromatography Reagents Market

The COVID-19 pandemic has intensified?drug discovery?and research efforts while adding to the pressure on pharma and clinical labs. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is still diverse. While a few industries will register a drop in demand, numerous others will continue to remain stable and show promising growth opportunities. The chromatography reagents market has witnessed significant growth over the years; however, due to the unexpected COVID-19 outbreak, the market is expected to witness additional growth in 2020, owing to the increasing use of chromatography techniques in the approval of various drugs. In addition, technological advancements and the increasing importance of chromatography in hospital laboratories, forensic laboratories, and pharmaceutical companies will enhance market growth in the forecast period.

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Recent Developments

• In May 2020, Thermo Fisher Scientific announced that it is expanding its capacity for viral vector development and manufacturing services with the construction of a new commercial manufacturing site in Plainville.
• In March 2017, Avantor acquired VWR Corporation to achieve high-growth in the biopharma, industrial, and applied research sectors. <
• In 2017, Waters Corporation agreed to enter a marketing collaboration for their products, namely, Waters ACQUITY Advanced Polymer Chromatography (APC) Systems with Wyatt’s μDAWN Multi-angle Light Scattering (MALS) detector to improve the analysis of synthetic polymers and biotherapeutic proteins.