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Chromatography Software Market Size

  • Report ID: GMI5204
  • Published Date: Feb 2022
  • Report Format: PDF

Chromatography Software Market Size

Chromatography Software Market size surpassed USD 471 million in 2021 and is estimated to record around 8% CAGR between 2022 and 2028. The rapidly growing population is resulting in high demand for convenience and processed food, thereby surging the demand for food safety and quality testing, fuelling the product adoption.

 

The surging prevalence of foodborne illnesses due to the consumption of food contaminated with a mycotoxin, pathogens, or the growth of yeasts is increasing the adoption of food safety testing in several nations to a greater extent. As per the World Health Organization (WHO), around 420,000 individuals die after eating contaminated food, resulting in the loss of 33 million healthy life years (DALYs) every year. Hence, several food testing facilities are preferring the use of chromatography software at various stages of food safety testing to analyse the quality of food is set to promote the market growth.

 

Chromatography software refers to the device that facilitates chromatography-based analysis. This software solution controls data from chromatography instruments, records & processes, and generates chromatograms & reports. This chromatography data software automates numerous procedures comprising data processing, instrumentation control, and database management among others. The chromatography informatics solution options range from integrated to the automated standalone software platform. These instruments find applications in materials science, drug discovery, and forensics among others.

 

However, the lack of a proficient laboratory workforce for chromatography software handling might have an adverse impact on the market growth. These systems are complex in nature and thus require professional workers to operate them. As per the article published in 2020, some European countries will face a shortage of skilled labour over the next decade with medical laboratories among the severely affected segment. The significant growth in technology contributes to the surging demand for skilled personnel to develop, deploy, manage, and support applications. Lack of a trained workforce, especially in developing nations may limit the use of these devices.

 

Owing to this shortage, some organizations are getting understaffed and experiencing reduced research volume. It also produces a variety of other negative consequences such as the inability to deliver precise needs, affecting customer satisfaction, etc. As a result, the lack of skilled labour may hamper the chromatography software industry growth.

 

The COVID-19 pandemic has proven to be advantageous for the chromatography software demand and rendered a positive impact on the market expansion. This is attributable to the surging use of chromatography techniques to analyse the drugs and their safety & efficacy as a COVID-19 treatment mechanism. This pandemic imposed huge pressure on healthcare infrastructure and hindered the operational capabilities of the clinical laboratories and biopharmaceutical firms. There was significant pressure on the laboratories to surge testing volume, R&D activities and deliver clinical results at rapid speed.

 

As per the recently published article, the overall testing volumes increased to 245% of the pre-pandemic volume. Experts anticipated considerable SARS-CoV-2 testing throughout 2021 as well as in 2022 to some extent. The increasing pressure to surge R&D and testing volume led to the demand for chromatography data software. This is due to these devices that are helping in database management, data filtering, and data processing for improved efficiency and performance with precise clinical results. Thus, the COVID-19 pandemic augmented the demand for chromatography software and is expected to witness a similar trend in the coming years.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market for chromatography software exceeded $471 million in 2021 and is predicted to register a CAGR of 8% over 2022-2028.

The standalone chromatography software devices segment crossed $126 million in the overall market in 2021 as the devices offer a wide range of technologies that can perform chromatography-based analysis and eliminate the necessity to use additional machines.

The web-based chromatography software system accounted for more than 38% revenue share in 2021 as the systems provide quick accessibility to a network connection at lower handling costs and can store the database on a central server instead of a desktop, thereby enhancing its safety.

The global chromatography software industry size from the pharmaceutical sector applications may go past $330 million by 2028 due to the rising prevalence of chronic health disorders and the increased use of liquid chromatography to ascertain the components of a drug’s formulation.

The academic and research institutes may record 7.7% CAGR in the global chromatography software market through 2028 as the software can be of great use to researchers while carrying out various data processing and interpretation activities.

Chromatography Software Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 12
  • Tables & Figures: 252
  • Countries covered: 18
  • Pages: 170
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