Global Gas Chromatography Systems Market is Expected to Reach $847.2 million by 2018 – New Report by MicroMarket Monitor
Recent advancements in pharmaceutical and biotechnology researches globally is attracting venture capital funding which will result in growth for the gas chromatography systems market. http://www.micromarketmonitor.com/market-report/gas-chromatography-gc-systems-reports-5085573687.html
(PRWEB) July 03, 2014
The global gas chromatography systems market is expected to grow at a CAGR of about 5.7% from 2013-2018, projected to reach $847.2 million by 2018. Strict emphasis on drug and food safety and quality, rise in venture capital funding and investments, and recent advances in pharmaceutical and biotechnology researches, are helping in the growth of this market. Increasing collaborations and symposiums on chromatography technologies have also helped in the increased use of gas chromatography systems, further propelling the growth of this market.
Browse through the market data tables, figures and detailed ToC on the “Global Gas Chromatography (GC) Systems Market ”.
North American Gas Chromatography (GC) Systems Market
North America is the leading gas chromatography systems market, projected to grow with a CAGR of 5.8% from 2013 to 2018. The demand for gas chromatography systems is expected to increase in future, due to recent advances in biotechnology and pharmaceutical researches and rise in government funding for the chromatography-based researches. The gas chromatography systems market growth is also assisted by increasing conferences and symposiums on chromatography technologies. Rise in venture capital funding in the U.S. is further supporting the growth of gas chromatography systems market.
European Gas Chromatography (GC) Systems Market
Europe is the second-largest market poised to reach $247.55 million by 2018, growing at a CAGR of 5.3% from 2013 to 2018. Germany is the leading market for gas chromatography systems in Europe, projected to grow at CAGR of 5.4% during the period from 2013 to 2018. The European gas chromatography systems market is mainly driven by strict emphasis on drug and food safety and quality and rise in venture capital funding and investments. The growth of gas chromatography systems market is also bolstered by the increasing conferences and symposiums on chromatography technologies. Similarly, increasing collaborations and agreements are assisting the growth of European gas chromatography systems market.
Asian Gas Chromatography (GC) Systems Market
Japan in the Asian gas chromatography systems market had the highest share of 35.34% in the year 2013. The Asian gas chromatography systems market is projected to grow at a CAGR of 6.1% to reach $192.3 million by 2018. The Asian region is anticipated to grow at a high growth rate due to various factors such as rising pharmaceutical industry in China and India, increase in business relations of Asian companies, growing investments in biomedical research, and increasing use of gas chromatography instruments in research activities. However, shortage of skilled workforce to operate high-end systems and extensive requirements for running the system are some of the factors that could hinder the growth of this market to a certain extent.
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