DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5sxswr/global) has announced the addition of the "Global Chromatography Systems Market 2014-2018" report to their offering.
The analysts forecast the Global Chromatography Systems market to grow at a CAGR of 5.66 percent over the period 2013-2018. One of the key factors contributing to this market growth is the advancement in technology. The Global Chromatography Systems market has also been witnessing the increasing outsourcing of pharmaceutical production to the APAC region. However, the high cost could pose a challenge to the growth of this market.
The key vendors dominating this market space are Agilent Technologies Inc., GE healthcare, Perkin Elmer Inc., Merck &Co Inc., and ThermoScientific Inc.
Commenting on the report, an analyst from the team said: Many global pharmaceutical companies are facing several challenges such as patent expirations and pricing pressures. As a result, these companies are on the lookout for cost- containment measures. For instance, drug manufacturing in APAC countries is less expensive than it is in Western countries. The outsourcing activities include all the stages of the manufacturing process, including the purification of biopharmaceutical and other biochemical entities undertaken by CROs and CMOs. As a result, the APAC region is emerging as the fastest growing region, and many multinational companies and local companies have set up their operations in this region to provide automated chromatographic systems to the CROs and CMOs. Hence, the continuous outsourcing of pharmaceutical production to the APAC region is expected to drive the growth of Global Chromatography Systems market.
According to the report, one of the major drivers in this market is the advancements in technology. The use of automated instruments with autosamplers for processing large numbers of samples and the use of analyzers with customized system settings have been gaining popularity in recent times.
Further, the report states that one of the major challenges in this market is the high cost of the chromatography systems. The reason for this is the cost involved in their design and automated features.
For more information visit http://www.researchandmarkets.com/research/5sxswr/global
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