End User (Pharmaceuticals, Petrochemical, Environmental, Food & Beverages, Academia/Research, Others)
In gas chromatography data analysis software market, pharmaceuticals segment is projected to cross USD 1.4 Billion by the end of 2037. This segment is estimated to collect USD 0.4 billion in the year 2024. Hence, this indicates a CAGR of 8.40% over the forecast period. The main element to dominate the segment expansion is growing drug development. In the US the FDA approved 37 new drugs in 2022 which also estimated a rise. Consequently, the demand for gas chromatography is also set to rise.
Gas chromatography is a vital analytical technique employed in the pharmaceutical sector for drug development, quality assurance, and research. This tool is excellent for analyzing active pharmaceutical components, excipients, products of degradation, and impurities by separating, identifying, and quantifying substances in test samples. In the creation of drugs, GC is used to debug molecules, evaluate stability testing formulations, and ensure product quality.
Moreover, strict regulations have been launched by the government for the quality of the medication which is further boosting the need for GC data analysis software.
Software Type (Standalone Software, Integrated Software)
The integrated software segment is projected to generate the highest revenue in the gas chromatography data analysis software market between the years 2025 and 2037. Integrated software for gas chromatography data analysis simplifies the complete analytical process from data collecting to interpreting and reporting. Users may regulate and track gas chromatography devices through the software interface, allowing for seamless integration of operations and data processing.
This growth of the segment is further set to be influenced by the growing production of data. In 2021, over 78 zettabytes of data were created in the world. Moreover, in the case of a single machine, it can create over 5 petabytes of data daily. Hence, with such significant growth in data, the demand for the segment is growing.
Our in-depth analysis of the market includes the following segments:
Component |
|
Software Type |
|
Deployment |
|
End User |
|
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?