Thin Layer Chromatography Systems Market: Segmented: By Type (Classical Tlc, High Performance Tlc, Preparative Tlc), By Application (Academics, Agriculture, Biotechnology, Environmental Biotechnology, Pharmaceuticals, and Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2031
[170+ Pages Research Report] Thin Layer Chromatography Systems Market to surpass USD 2,925.7 million by 2031 from USD 1,795.69 million in 2021 at a CAGR of 5% in the coming years, i.e., 2021-31.
Thin Layer Chromatography is a kind of chromatography technique that is used to separate compounds in a mixture. Thin-layer chromatography helps in monitoring the progress of reactions, determining the purity of a substance, and identifying the compounds present in a given mixture. It has a wide application in different industries such as pharmaceuticals, agriculture, biotechnology, environmental biotechnology, etc.
Thin Layer Chromatography Systems market is expected to project a notable CAGR of 5% in 2031.
The increasing application of Thin Layer Chromatography techniques in different industry verticals such as pharmaceuticals, biotechnology, foods, and beverages, etc. along with rising research and development activities and technological advancements are creating new opportunities for Thin Layer Chromatography Systems market and driving the market growth.
Pharmaceuticals and Biotechnology segment to grow with the highest CAGR during 2021-31
Thin Layer Chromatography Systems market is classified on the basis of application in Academics, Agriculture, Biotechnology, Environmental Biotechnology, Pharmaceuticals, and Others. During the forecast period, the Pharmaceuticals and biotechnology segment is projected to grow with the highest CAGR. The growth is attributed to the increasing use of thin-layer chromatography systems in the pharmaceuticals and biotechnology industries. This system helps in determining the presence or absence of compounds, analyzing the purity of a drug sample, drug development, etc. Further, an increasing number of research and development activities are further fueling the growth of these segments.
Increasing demand from different industry verticals
Thin layer chromatography systems are widely used by different industry verticals. It is used in the pharmaceutical industry for drug administration for testing the stability of stored drugs. TLC is applied in forensic studies to test body fluids like blood and urine, for identifying the presence of drugs. It helps in identifying antibiotics and drug residues in different food items. It is also widely used in food and cosmetic industries for separating, identifying, and characterizing various cosmetic products, sweetening and preservative agents, etc. All these factors are collectively driving the market growth of Thin Layer Chromatography Systems.
Rising R&D activities and Advancement in technologies
Increasing number of research and development activities in the different end-use industry verticals has increased the opportunity for the applications of thin-layer chromatography systems. Further, technological advancements and increasing awareness about the applications are some factors boosting the market growth.
High Costs and Lack of Skilled Professionals
High costs attached to the application of Thin Layer Chromatography Systems are dampening the growth of the market. Lack of skilled professionals to operate the systems is a key factor restraining the market growth of Thin Layer Chromatography Systems.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Thin Layer Chromatography Systems market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is expected to grow with the maximum CAGR during the forecast period. The growth is attributed to the rising investments in healthcare infrastructure, rising presence of domestic market players, increasing government initiatives and subsidies, rising disposable income and growing investments in biomedical industry.
Covid-19 has adversely affected major economies around the world. The sudden implementation of lockdown regulation, social-distancing norms and travel bans have resulted in devastating effects on several businesses and industries. Healthcare sector was overburdened during the pandemic and the workflows were highly disrupted. Although some end use industry applications came to a halt but there was demand of chromatography systems in healthcare and pharmaceuticals industry, which had a positive impact on the growth of the market.
Thin Layer Chromatography Systems is further segmented by region into:
Thin Layer Chromatography Systems Segments:
|Market size value in 2021||USD 1,795.69 million|
|Revenue forecast in 2031||USD 2,925.7 million|
|Growth Rate||CAGR of 5% from 2021 to 2031|
|Base year for estimation||2021|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2031|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Application and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||Shimadzu, Agilent Technologies, Emd Millipore, Sigma Adlrich, Analtech, End Millipore, Camag, Fisher Scientific, Field Forensics, Sorbtech, Orchid Scientific, Biostep Rechnology, Shanghai Kezhe, and Other Prominent Players.|
Thin Layer Chromatography Systems Market to surpass USD 2,925.7 million by 2031 from USD 1,795.69 million in 2021 at a CAGR of 5% in the coming years, i.e., 2021-31.
Shimadzu, Agilent Technologies, Emd Millipore, Sigma Adlrich, Analtech, End Millipore, Camag, Fisher Scientific, Field Forensics, Sorbtech, Orchid Scientific, Biostep Rechnology, Shanghai Kezhe,
Pharmaceuticals and Biotechnology segment to grow with the highest CAGR during 2021-31 is anticipated to hold the India Thin Layer Chromatography Systems Market
Drivers Increasing demand from different industry verticals
Thin Layer Chromatography is a kind of chromatography technique that is used to separate compounds in a mixture.
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