The global Gas Chromatography Market Growth Accelerated by Expanding Pharmaceutical Industry

 


The gas chromatography technique is extensively used in the pharmaceutical industry for identification and quantification of compounds in drugs and excipients. Gas chromatography helps in separating and analyzing various components present in a compound which helps in ensuring safety and efficacy of drugs. It finds application in drug discovery, quality control testing, and clinical studies.

The global Gas Chromatography Market is estimated to be valued at US$ 3.8 billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the gas chromatography market is the expanding pharmaceutical industry. The demand for gas chromatography from the pharmaceutical industry has been increasing significantly over the years owing to stringent regulatory norms for drug development and quality control testing. Gas chromatography helps pharmaceutical companies to detect impurities, ensure batch-to-batch consistency, and analyze drug metabolites during various stages of drug development and production. With growing investments in drug discovery and rising generic drug manufacturing, the demand for gas chromatography for various analytical applications from the pharmaceutical industry is expected to rise substantially over the forecast period, thereby accelerating the growth of the overall gas chromatography market.


Segment Analysis
The global gas chromatography market is segmented on the basis of instrument, accessories & 

consumables, end-user industry, and region. Based on instrument, the gas chromatography market is segmented into systems, detectors, and autosamplers. Systems held the largest share of the market in 2020. Systems segment further includes gas chromatographs. Among systems, gas chromatographs commanded the highest revenue share in 2020 owing to their diversified applications in oil & gas, food & beverages, and other industries.

Key Takeaways
The global gas chromatography market is expected to witness high growth over the forecast period. The global Gas Chromatography Market is estimated to be valued at US$ 3.8 billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2031.

Regional analysis: North America dominated the global market in 2020 due to the strong presence of key players and increased R&D activities. The market in Asia Pacific is projected to grow at the highest CAGR during the forecast period owing to the rising focus on drug discovery and development and surging demand for chromatography instruments from the healthcare industry in major emerging economies such as China and India.

Key players operating in the gas chromatography market are Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer Inc., Merck KGaA, Restek Corporation, Dani Instruments S.p.A., Leco Corporation, Scion Instruments, and HTA Srl.

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