Preparative Chromatography Market | Asia Pacific is estimated to register the highest CAGR

(IT-NEWSWIRE.COM, August 06, 2020 ) The major driving factors for preparative chromatography market include increasing demand for insulin and other biopharmaceutical products, high demand for omega-3 fatty acids, and rising awareness about advancements in process and preparative chromatography. Emerging economies such as India, China, and Brazil provide opportunity for the players operating in the process and preparative market.

According to the research report – “[158 Pages Report] The process and preparative chromatography market size is expected to reach USD 8.60 billion by 2023 from the estimated USD 6.27 billion in 2018, at a CAGR of 6.5%.”

Preparative and Process Chromatography Market by Type (Preparative (Chemicals and Reagents, Resin (Affinity, Protein A), Column, Systems (Liquid Chromatography), Services), Process), by End User (Biotechnology, Pharmaceutical) - Global Forecasts to 2023

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What drives the Market?

Increasing Demand for Insulin and Other Biopharmaceutical Products
High Demand for Omega-3 Fatty Acids
Increasing Awareness About the Advancements in Preparative and Process Chromatography

However, high cost of instrument and availability alternative techniques for purification and separation of pharmaceutical products are the major restraining factors for this market.

Based on type, the process and preparative chromatography market has been segmented into two segments, namely, process chromatography and preparative chromatography. Each segment has been further divided based on products and service. During the forecast period, the process chromatography segment is estimated to register the higher growth rate in the overall process and preparative chromatography market. This is mainly due to the increasing production of monoclonal antibodies in biotechnology and pharmaceutical industries.

Asia Pacific is estimated to register the highest CAGR during the forecast period.

In this report, the process and preparative chromatography market is segmented into four major regional segments—North America, Europe, Asia Pacific, and the Rest of the World. The process and preparative chromatography market in Asia Pacific is projected to register the highest growth rate during the forecast period. The growth in this market is primarily driven by the growing demand for process and preparative chromatography procedures in life sciences, biotechnology, and food & beverage sectors and the geographic expansion of major chromatography players in this market.

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Key players in the Market

Major players in the market include GE Healthcare (US), Merck KGaA (Germany), Danaher Corporation (US), Bio-Rad Laboratories (US), Thermo Fisher Scientific (US), Agilent Technologies (US), Novasep Holding S.A.S (France), Waters Corporation (US), Daicel Corporation (Japan), and Shimadzu Corporation (Japan).

Key Developments

In 2017, GE Healthcare introduced a new Protein A chromatography resin, MabSelect PrismA for monoclonal antibodies purification
In 2017, Merck introduced Eshmuno P Anti-A and Anti-B Chromatography Resins used in the manufacturing of plasma-derived immunoglobulin (Ig) therapies
In 2015, Danaher Corporation acquired Pall Corporation to enhance its position in the lifesciences segment

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Preparative Chromatography Market | Asia Pacific is estimated to register the highest CAGR