Selbyville, Delaware, March 01, 2022 (GLOBE NEWSWIRE) —
The chromatography software market value is expected to exceed USD 822 million by 2028, according to a new research report from Global Market Insights Inc. The ability of technologically advanced chromatography software to reduce sample data analysis times has led to the high adoption rate among pharmaceutical companies increase the growth of the industry.
These advanced data software solutions are compatible with multiple chromatography systems and techniques and can be used to collect data during chromatography processes. Market players emphasize research and development activities to develop innovative technologies. For example, Thermo Fisher Scientific has introduced Chromatography Data System software that offers superior compliance tools, networking capabilities, and instrument control, among others. Advances in chromatographic techniques result in faster response time and reduced operational costs by enabling the use of standard consumables. Major industry players including Agilent Technologies are emphasizing the introduction of innovative products to provide optimal operability to laboratories. Thus, the advent of such advanced chromatography software will accelerate the company’s revenue.
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The standalone chromatography software segment is expected to grow at a CAGR of 7.8% from 2022 to 2028 owing to the miniaturization of electronic components that enable the development of new standalone chromatography software solutions. For example, KNAUER company provides safe and convenient mobile control to operate chromatography data software in stand-alone mode. The control module of these devices provides combined control of instruments such as GCs, LCs, pumps, detectors, autosamplers, etc. Market manufacturers are focused on offering multitasking standalone chromatography software with enhanced versatility, customization, and functionality. Thus, the aforementioned factors will positively fuel the market demand.
Some of the key findings of the Chromatography Software Market report include:
- The growing number of environmental testing and forensic testing coupled with the implementation of potential strategies to increase the efficiency of drug discovery across the globe is further invigorating the business landscape.
- Some of the major industry players operating in the market include Agilent Technologies, Waters Corporation, Bruker Corporation, Axel Semrau, Restek Corporation, Gilson Inc., and Shimadzu Corporation, among others.
- Competitors emphasize strategic collaborations, partnerships, and product launches to garner considerable revenue share and improve their market position.
Browse key industry information spread over 170 pages with 236 market data tables and 16 report figures and graphs, “Chromatography Software Market Outlook by Device Type (Standalone, Embedded), Deployment Mode (On-Premise, Web-Based, Cloud-Based), Application (Pharmaceutical Industry, Environmental Testing, Forensic Testing, Industrial Food & Beverage), End Use (Pharmaceutical & Biotech Companies, Academic & Research Institutes, Testing Facilities, Hospitals/Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Market Share competitive and forecast, 2022-2028in detail with the table of contents:
The on-site segment is estimated to grow at 7.6% CAGR during the forecast period. The on-premises chromatography software deployment mode can be installed in the specific premises of the local servers and accessible on the organization’s proprietary computers. Rising healthcare data breach cases and data privacy associated with outsourced data storage are driving the demand for on-premise mode of deployment of chromatography software solutions. On-premises chromatography software models are more cost effective than other deployment modes and provide more control over chromatography data analysis. However, the major players in the market have developed an on-site chromatography software solution that is well suited for applications in many fields. Thus, high security and better control over chromatographic analysis will promote overall business expansion.
Environmental Testing Segment Chromatography Software Market is expected to grow at a growth rate of 8.6% over the analysis period owing to growing demand for testing and certification among industries, increase strict regulations related to environmental protection, etc. Government regulations and legislations have increased testing, inspection and certification of environmental samples, which is positively driving demand for products. Regulatory agencies have also implemented several awareness programs to ensure environmental safety and reduce health risks associated with a polluted environment. Recent innovations have led to the development of chromatography software that is automated to self-explain certain tasks in environmental testing. Also, the advent of new methods for testing samples such as organic chemicals, pesticide residues, and heavy metals is likely to play a significant role in increasing the market share.
The Chinese chromatography software market was valued at over USD 31 million in 2021. This large market share in the region is driven by the rising prevalence of chronic diseases among the elderly population, adoption of laboratory automation and increased R&D activities for drug development, among others. Likewise, the demand for chromatography software in China is expected to rise owing to the growth of the pharmaceutical industry as well as the adoption of various strategies by market players including new product launches, collaborations, and acquisitions. . Thus, with the focus of key players on the development of the industry in China, the region is expected to generate significant revenue in the market.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.