Selbyville, Delaware, March 01, 2022 (GLOBE NEWSWIRE) --
The chromatography software market value is projected to surpass USD 822 million by 2028, according to a new research report by Global Market Insights Inc. The ability of technologically advanced chromatography software to reduce the timelines of sample data analysis has led to the high adoption rate amongst pharmaceutical companies are anticipated to augment the industry growth.
These advanced data software solutions are compatible with several chromatography systems and techniques and can be used to collect data during chromatography processes. The market players are emphasizing on research and development activities for developing innovative technologies. For instance, Thermo Fisher Scientific has introduced chromatography data system software that delivers superior compliance tools, networking capabilities, and instrument control among others. Advancement in chromatographic techniques results in an accelerated response time and reduces operational costs by allowing the use of standard consumables. Leading industry players comprising Agilent Technologies is emphasizing to introduce innovative products in order to deliver optimal operability for laboratories. Thus, the advent of such advanced chromatography software will accelerate business revenue.
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Standalone chromatography software segment is anticipated to grow at 7.8% CAGR from 2022 to 2028 owing to the miniaturization of electronic components that enable the development of novel standalone chromatography software solutions. For instance, KNAUER company is delivering safe and convenient mobile control to operate chromatography data software in stand-alone mode. The control module in these devices provides combined control of instruments such as GCs, LCs, pumps, detectors, autosamplers, etc. The manufacturers in the market are focused to offer multitasking standalone chromatography software with improved versatility, customization, and optimum functionality. Thus, the aforementioned factors will positively fuel the market demand.
Some major findings of the chromatography software market report include:
- Increasing number of environmental testing and forensic testing coupled with the implementation of potential strategies for increasing drug-discovery efficiency across the globe is further driving 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 are emphasizing on strategic collaborations, partnerships, and product launches to garner considerable revenue share and improve their market position.
Browse key industry insights spread across 170 pages with 236 market data tables & 16 figures & charts from the report, “Chromatography Software Market Outlook By Device Type (Standalone, Integrated), Deployment Mode (On-premise, Web-based, Cloud-based), Application (Pharmaceutical Industry, Environmental Testing, Forensic Testing, Food & Beverage Industry), End-use (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Testing Facilities, Hospitals/Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022– 2028” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/chromatography-software-market
On-premise segment is estimated to expand at 7.6% CAGR during the forecast period. On-premise chromatography software deployment mode can be installed on the specific premises of the local servers and accessed on the proprietary computers of the organization. Surging healthcare data breach cases and data privacy associated with outsourced data storage are driving the demand for on-premise deployment mode of chromatography software solutions. On-premise chromatography software models are more cost-effective than the other deployment modes and provide more control over chromatographic data analysis. However, major market players have developed an on-premise chromatography software solution that is well suited for applications in numerous areas. Thus, high security and more control over the chromatographic analysis will foster the overall business expansion.
Chromatography software market from eenvironmental testing segment is set to grow at 8.6% growth rate during the analysis timeframe due to growing demand for testing & certification among industries, rise in the stringent regulations related to environmental protection, etc. The government regulations and legislations have augmented the testing, inspection, and certification of environmental samples, thereby driving the product demand positively. The regulatory bodies have also introduced several awareness programs to ensure the safety of the environment and reduce the health risks associated with a polluted environment. The recent innovations have led to the development of chromatography software that are automated to exhibit certain tasks in environmental testing on their own. Further, the advent of new methods for testing of samples such as organic chemicals, pesticide residues, and heavy metals, is likely to play an important role in boosting the market share.
China chromatography software market was valued at more than USD 31 million in 2021. This significant market share in the region is owing to the growing prevalence of chronic diseases among elderly population, adoption of lab automation, and surging R&D activities for drug development among others. Similarly, the demand for chromatography software in China is expected to increase on account of the growing pharmaceutical industry along with the adoption of various strategies by market players including new product launches, collaborations, and acquisitions. Thus, with a focus of key players on industry development in China, the region is predicted to hold significant revenue in the market.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
