Technology

Chromatography Market size is set to grow by USD 3.99 billion from 2024-2028, Increasing number of conferences and symposiums to boost the market growth, Technavio

Published

4 months ago

August 14, 2024

NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global chromatography market size is estimated to grow by USD 3.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 6.78% during the forecast period. Increasing number of conferences and symposiums is driving market growth, with a trend towards technological advances. However, high costs and lack of skilled technicians poses a challenge. Key market players include Agilent Technologies Inc., Bio Rad Laboratories Inc., Centurion Scientific, Danaher Corp., Hamilton Co., Hitachi Ltd., Merck KGaA, Perkin Elmer Inc., Regis Technologies Inc., Restek Corp., Sartorius AG, Scientific Repair Inc., SCION Instruments NL BV, Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Tosoh Corp., Valco Instruments Co. Inc., Waters Corp., and ZirChrom Separations Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Liquid chromatography, Gas chromatography, Ion-exchange chromatography, and Others), End-user (PBC, RFAI, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Agilent Technologies Inc., Bio Rad Laboratories Inc., Centurion Scientific, Danaher Corp., Hamilton Co., Hitachi Ltd., Merck KGaA, Perkin Elmer Inc., Regis Technologies Inc., Restek Corp., Sartorius AG, Scientific Repair Inc., SCION Instruments NL BV, Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Tosoh Corp., Valco Instruments Co. Inc., Waters Corp., and ZirChrom Separations Inc.

Key Market Trends Fueling Growth

The chromatography market is experiencing significant growth due to the increasing demand for advanced and automated systems. These systems offer improved accuracy, efficiency, and lower costs, making them essential for sectors like biotechnology and pharmaceuticals. Automated chromatography technologies have revolutionized research centers by enabling advancements in cancer research, drug screening, and cytotoxicity testing. In response to this trend, vendors are introducing fully automated molecular platforms, such as Thermo Fisher’s Vanquish Horizon UHPLC System and Shimadzu’s Nexis GC-2030, which offer high sample capacity, industry-leading performance, and customizable workflows. Thermo Fisher’s 2021 Chromatography Innovation Series is another example of cutting-edge technology designed to address complex analytical challenges. These product offerings are driving sales and high-volume production, contributing to the growth of the global chromatography market.

Chromatography market trends include advancements in healthcare, automation, sample handling, efficiency, and throughput in laboratories. Chromatography instruments are evolving with technological innovations in differential partitioning using both liquid and gas phases. Stationary phases and mobile phases are becoming more compact and portable, enabling on-site analysis and point-of-care testing. Miniaturization and microfluidic technologies are enhancing sensitivity and capabilities of analytical instruments. Column technologies offer higher resolution, and compact, portable chromatography systems cater to various industries, including pharmaceutical, food, and environmental. Regulatory standards require efficient sample processing and rapid separations. The market comprises various components, such as chromatography equipment, gas supplies, columns, and consumables.

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Market Challenges

Chromatography is a widely used separation technique in various industries, including biotechnology, pharmaceutical, chemical, cosmetic, food and beverage, and environmental testing. It is essential for isolating, purifying, and analyzing molecules from complex compounds. However, the implementation of chromatography systems comes with significant capital expenditures and the requirement of skilled laboratory technicians. For instance, gas chromatography (GC) is a crucial technique for chemical compound separation and analysis. Benchtop GC systems are heavy, power-intensive, and expensive, making them a challenge for small players and research laboratories. Portable GC systems are an alternative, but affordability remains a concern. Similarly, High-Performance Liquid Chromatography (HPLC) is a dominant technology in drug analysis laboratories worldwide. However, the high cost of these systems and the need for specialized training pose challenges. For example, Agilent Technologies’ Agilent 1290 UHPLC Infinity DAD System is priced at USD39,500, while the Agilent 1200 Preparative HPLC System is priced at USD39,000. Thermo Fisher’s UltiMate 3000 is priced at USD23,000, Waters corporation’s 2695 HPLC Separations Module (ELS 2420) System is priced at USD14,900, and the Waters Alliance 2790 HPLC Separations Module with 996 PDA Detector is priced at USD11,999. The high cost of chromatography systems will restrict the growth of the global chromatography market during the forecast period.

The Chromatography Market faces several challenges in various industries, including the petrochemical sector and the petroleum industry. Gas chromatography columns are essential for analyzing complex mixtures, but their manufacturing cost and volume can be high. In protein therapeutics, column chromatography plays a crucial role in purification, but equilibration, wash, elution, regeneration, and sanitization processes require careful optimization. In biopharmaceuticals, manufacturing cost and volume are key concerns, along with the need for automated sample handling, data processing, and stringent quality standards. Alternative techniques, such as antibody-based chromatography, are being explored to reduce costs and improve analytical performance. Prepacked columns, autosampler accessories, flow management accessories, solvents/reagents/adsorbents, detectors, and mobile phase accessories are essential column accessories. Pressure regulators, fraction collectors, and prepacked columns are vital for efficient chromatography in various applications, including proteomics, metabolomics, drug development, and quality control. The market for chromatography is vast and diverse, encompassing applications in pharmaceuticals, biotechnology, and environmental science. Chromatography’s ability to analyze new drugs, biologics, monoclonal antibodies, vaccines, and other complex molecules continues to drive innovation and growth in this field.

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Segment Overview

This chromatography market report extensively covers market segmentation by

Technology 1.1 Liquid chromatography1.2 Gas chromatography1.3 Ion-exchange chromatography1.4 OthersEnd-user 2.1 PBC2.2 RFAI2.3 OthersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Liquid chromatography- The liquid chromatography segment dominated the global chromatography market in 2023, driven by its extensive applications in various industries. This analytical technique is crucial for separating, identifying, and quantifying small molecules in mixtures. The pharmaceutical sector is a significant adopter of liquid chromatography systems due to their use in analyzing raw materials for novel drug development, purifying drug components, and isolating proteins like insulin, plasma fractionation, and enzymes. Liquid chromatography also plays a pivotal role in DNA fingerprinting and bioinformatics. Manufacturers like Agilent Technologies offer advanced liquid chromatography systems, such as the Agilent 1290 Infinity II LC System, which features multi-wash capabilities for detecting complex compounds. Agilent’s recent introduction of the Agilent 6495D LC/TQ and the Agilent Revident LC/Q-TOF further strengthens their product portfolio. Institutions, such as the Academy of Applied Pharmaceutical Sciences (AAPS) in Canada, provide training on liquid chromatography techniques, making graduates eligible for employment in various sectors like pharmaceuticals, biopharmaceuticals, food, chemical, environmental, healthcare, and clinical research. The availability of training programs and certifications, including HPLC – Intermediate and HPLC – Advanced Method Validation and Technology Transfer, increases awareness and adoption of liquid chromatography products, fueling the market’s growth. These factors are expected to drive the growth of the liquid chromatography market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Gas Chromatography Market is experiencing robust growth, driven by advancements in pharmaceutical and biotechnology industries. This market is expected to expand significantly due to increased demand for precise and efficient analytical techniques. Similarly, the Global Affinity Chromatography Reagents Market is growing rapidly, fueled by rising research activities in drug discovery and development. The adoption of affinity chromatography in biopharmaceuticals is enhancing the market’s potential, making it a crucial component in the purification and analysis of biomolecules.

Research Analysis

Chromatography is a versatile analytical technique used to separate, identify, and quantify components in complex mixtures. Liquid chromatography (LC), a type of chromatography, includes variations such as high-pressure LC (HPLC), ultra-pressure LC (UPLC), flash chromatography, ion-exchange chromatography, partition chromatography, and size exclusion chromatography. These techniques find extensive applications in Pharmaceutical R&D for purifying drugs and investigating their mechanisms of action. In the Food industry, they ensure food safety by detecting contaminants. Gas chromatography (GC), another chromatographic method, is essential in the Oil & gas industry for petrochemical applications and the Petroleum industry. Environmental pollution monitoring also benefits from chromatography. Capillary columns and small- & medium-sized companies, academic institutions, and even alternative techniques contribute to the market’s growth. Column chromatography’s analytical performance depends on factors like equilibration, wash, elution, regeneration, and sanitization. Protein therapeutics and antibodies are significant areas of interest. The market faces challenges in manufacturing cost and volume. Different chromatographic techniques cater to various industries, with GC columns for volatile compounds and LC columns for non-volatile ones.

Market Research Overview

Chromatography is a powerful analytical technique used for separating, identifying, and quantifying compounds based on their physical or chemical properties. Liquid chromatography (LC), a type of chromatography, includes sub-techniques such as high-pressure LC (HPLC), ultra-pressure LC (UPLC), flash chromatography, ion-exchange chromatography, partition chromatography, and size exclusion chromatography. These techniques find extensive applications in various industries, including Pharmaceutical R&D for purifying biologics like protein therapeutics, monoclonal antibodies, and vaccines; food safety concerns; oil & gas industry for petrochemical applications and petroleum industry; and environmental pollution control. Capillary columns, gas chromatography (GC), and GC columns are other essential components of chromatography. Small- & medium-sized companies and academic institutions also contribute significantly to the market. Technological advancements in column chromatography, equilibration, wash, elution, regeneration, sanitization, and alternative techniques have led to improved analytical performance, chromatographic efficiency, and sensitivity. Chromatography is used in various fields, including drug development, quality control, testing, new drugs, stringent quality standards, and biotechnology. It is also applied in environmental science, healthcare, automation, sample handling, proteomics, metabolomics, and other areas. Chromatography instruments, column accessories, autosampler, autosampler accessories, flow management accessories, solvents/reagents/adsorbents, detectors, mobile phase accessories, fraction collectors, pressure regulators, prepacked columns, and empty columns are essential components of chromatography systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyLiquid ChromatographyGas ChromatographyIon-exchange ChromatographyOthersEnd-userPBCRFAIOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

Lichen China Limited Announces $2.8 Million Registered Direct Offering

Published

44 minutes ago

December 26, 2024

XIAMEN, China, Dec. 26, 2024 /PRNewswire/ — Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 20,000,000 of the Company’s Class A ordinary share, par value $0.00004 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.14 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.

The aggregate gross proceeds to the Company of this offering are expected to be approximately $2.8 million. The transaction is expected to close on or about December 27, 2024, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-277230) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

About Lichen China Limited

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com

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SOURCE Lichen China Limited

Technology

Elvis Birthday Celebration tour kicks off at the Miniaci Performing Arts Center January 5th

Published

2 hours ago

December 26, 2024

This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis Rockin Birthday Bash

FORT LAUDERDALE, Fla., Dec. 26, 2024 /PRNewswire-PRWeb/ — Elvis Presley Birthday Celebration Florida Tour kicks off at the Miniaci Performing Arts Center at Nova Southeastern University Davie Campus on January 5th with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash, a multi-media full production tribute celebrating the life and music of the King of Rock-n-Roll.

“Adding to the authenticity of his tribute, Chris has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel.”

This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. The original American Rock-n-Roll Idol who influenced the Beatles, The Rolling Stones and anyone that has ever picked up a guitar or a microphone since, continues to engage our love affair with his all American story of a shy poor and humble country boy that became the King of Rock-n-Roll. Elvis Presley, recognized by TIME magazine as the “Artist of the 20th Century,” has sold more records than any other artist or group in the history of modern music. Even after death, his image and music continue to be loved and celebrated throughout the world. With the critically acclaimed big screen biopic “Elvis” by director Baz Luhrmann starring Austin Butler as Elvis and Tom Hanks as Colonel Tom Parker, Elvis’s music and charisma are once again in the spotlight for a whole new generation and there’s no sign of the King leaving the building of Rock-n-Roll icon status.

Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis. Chris’s show is not an overdone impersonation. It is a natural heartfelt tribute to a legendary performer and music icon. With his dynamic production band, Chris MacDonald draws his audience in with the look, sounds, and nuances that made Elvis the King of Rock-n- Roll!

Adding to the authenticity of his tribute, Chris MacDonald has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel. An energetic and experienced entertainer, MacDonald has also starred in the famous “Legends in Concert” stage productions and has performed in Branson, MO, and Las Vegas, NV. Chris has also performed in Concert with Elvis Presley’s original back up group The Jordanaires and D.J. Fontana Elvis original drummer “The Beat Behind The King” at the famous Seminole Hard Rock Live Concert Venue in Hollywood Florida and other venues throughout the country.

With this newly updated production, the show will include costume changes and songs representing the different stages of Elvis’s incredible career including the 1950′s, the Movies, the 1968 Comeback and the 1970′s White Fringe Vegas Concerts. It’s all a part of this fun loving tribute to one of the greatest entertainers of all time.

Get “All shook up” and celebrate the life and music of the King of Rock-n-Roll with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash.

Florida Tour Dates:

January 5, 2025 2pm (Sunday)

Rose and Alfred Miniaci Performing Arts Center

Nova Southeastern University

3100 Ray Ferrero Junior Boulevard,

Davie, FL 33314

Box Office: 954-462-0222

https://www.miniacipac.com/events/detail/chris-macdonalds-memories-of-elvis-rockin-birthday-bash-2025

January 16, 2025 7:30 pm (Thursday)

Barbara B Mann Performing Arts Hall

Southwestern State College

13350 FSW Parkway, Fort Myers, FL 33919

Box Office: 800-440-7469 • 239-481-4849

https://www.bbmannpah.com/events/detail/chris-macdonalds-memories-of-elvis-2025-fort-myers

January 18, 2025 7:30 pm (Saturday)

Sunrise Theatre

117 S 2nd Street, Fort Pierce, FL 34950

Box office: 772-461-4775

https://www.sunrisetheatre.com/shows/memories-of-elvis-rockin-birthday-bash/

Media Contact

Donna Oz, CME Inc, 1 954341-6005, info@chrismacdonaldselvis.com, https://www.elvispresleystory.com/

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SOURCE CME Inc; CME Inc

Technology

VIVOTEK Wins Double Honors for Its Commitment to Sustainability

Published

3 hours ago

December 26, 2024

TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.

Pioneering Sustainability with Dual Recognition

“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”

Driving Sustainability through AI Innovation

VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.

Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.

In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.

Security Sustainability as a Foundation for Social Impact

VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.

Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.

To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.

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SOURCE VIVOTEK Inc.