Brand Story
30 Sep 2022, 23:13 GMT+10
According to an analysis by Future Market Insights (FMI), the chromatography software marketis expected to be valued at US$ 1.1 Bn in 2032, with an 7.8% CAGR during the forecast period.
The adoption of chromatography software is due to an increase in the demand for chromatography techniques in research and development activities across several business verticals. For example, increased food safety rules and an increasing focus on pharmaceutical R&D contribute to the growing need for chromatography systems and software.
The expanding need for chromatography software is fuelled by increased pharmaceutical research activities, the rising prevalence of diseases requiring diagnosis and testing, and increased worries about food and safety pharmaceuticals.
Furthermore, due to the increased use of chromatography techniques to study medications and their usefulness as a treatment, the COVID-19 outbreak has boosted the demand for chromatography systems. As a result, the stock market has risen during the pandemic.
Remdesivir was measured in the blood plasma of a COVID-19 infected patient using liquid chromatography combined with mass spectrometry, according to a study published in June 2020.
The rising technological integration and automation in pharmaceutical R&D, forensic, and environmental testing rely on chromatographic systems and software for enhanced efficiency and effectiveness.
The market's expansion is being fueled by the increased usage of analytical software for optimizing laboratory automation and the development of intelligible software and adjustable interfaces for high accuracy and productivity.
The lack of a skilled laboratory crew for chromatography software handling, on the other hand, may have a negative impact on market growth.
Due to all the factors mentioned above, the chromatography software market is expected to reach US$ 790 Mn in 2028.
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Key Takeaways:
Competitive Landscape:
Agilent Technologies, Waters Corporation, Bruker Corporation, Axel Semrau, Shimadzu Corporation, Gilson Inc., and Thermo Fisher Scientific Inc. are the leading participants in the chromatography software market.
To maximize revenue share and boost company growth, major market participants implement strategic formulations such as forward integration, new product development, geographic expansion, and research collaborations.
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ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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The post Chromatography Software Market Is Expected To See a growth of 7.8% | Future Market Insights appeared first on Future Market Insights.
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