Agilent Technologies (US) and Waters Corporation are Leading Players in the Chromatography Accessories & Consumables Market
The global chromatography accessories and consumables market is projected to reach USD 4.6 billion by 2025 from USD 3.6 billion in 2020, at a CAGR of 5.0%. Factors such as investments in pharmaceutical R&D and growing food safety concerns are expected to drive the global chromatography accessories and consumables market during the forecast period. Likewise, the increasing importance of chromatography tests in the drug approval process and the growing demand for chromatography instruments in emerging markets are expected to offer lucrative growth opportunities for market players.
An analysis of market developments between 2017 and 2020 has revealed that several growth strategies, such as product launches, acquisitions, expansions, and collaborations, were adopted by market players to strengthen their product portfolios and maintain a competitive position in the chromatography accessories and consumables market. These were the most widely adopted growth strategies by market players in the last four years.
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Agilent Technologies (US) is one of the largest laboratory instrument and reagent manufacturers in the world. The company has a robust R&D and manufacturing infrastructure, with key facilities located in the US, China, Australia, Denmark, India, Germany, Italy, Japan, Poland, Malaysia, Singapore, and the UK. The company provides products and services to customers in more than 100 countries. It is the leading player in the chromatography accessories and consumables market. The company has launched several chromatography systems and instruments in the last three years. It also focuses on strengthening its growth by partnering with other players to expand its market reach. Agilent constantly provides product upgrades to keep up with the new technologies in the market. It also focuses on accelerating its market growth by collaborating with universities and research organizations
Waters Corporation, with its extensive product and service range, is a leading solutions provider in the chromatography market. Innovation is the prime strength of the company, which has helped it to sustain its brand equity. In recent years, the continuous development of new products, collaborations, and strategic acquisitions undertaken by the company (to strengthen its portfolio) have ensured its strong presence in the analytical techniques market. The company is a leading player in all developed geographies, including the US and Europe.
Related Reports:
Chromatography Accessories & Consumables Market by Product (Columns, Autosamplers, Vials, Detectors, Fraction Collectors, Pressure Regulators), Technology (LC, GC), End-user (Pharma & Biotech, Hospitals, Clinics)-Global Forecasts to 2025
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