[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
The major driving factors for this 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.
However, high cost of instrument and availability alternative techniques for purification and separation of pharmaceutical products are the major restraining factors for this market.
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The biotechnology and pharmaceutical industries segment dominated the market in 2018.
Based on end user, the process and preparative chromatography market has been segmented into biotechnology and pharmaceutical industries; food and nutraceutical industries; and academic research laboratories.
The biotechnology and pharmaceutical industries segment is estimated to account for the largest share of the overall market in 2018.
This is primarily attributed to the increasing research activities by pharmaceutical and biotechnological companies and the increasing research and production of monoclonal antibodies and insulin in these industries.
The process chromatography segment is estimated to grow at a rapid rate during the forecast period.
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.
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Asia Pacific is estimated to register the highest CAGR during the forecast period.
Preparative Chromatography Market
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.
Key Market Players and Market Shares
As of 2019, the key players operating in the global preparative and process chromatography market are:
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)
Shimadzu Corporation (Japan)
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