According to MRFR analysis, the global preparative and process chromatography market size is expected to register a CAGR of ~6.9% from 2021 to 2027 and hold a value of over ~USD 9,904.8 millionby 2027.
The global preparative and process chromatography market share is driven by several factors, such as increased use of chromatography in various applications and growing food safety concerns. Moreover, rising pharmaceutical R&D activities, especially in the pharma industry, will drive market growth. For instance, according tothe Congressional Budget Office (CBO) of the US, pharmaceutical R&D spending had increased from USD 38 billionin 2000 to USD 83billion in 2019. Moreover, there was a 60% increase in new drug approvals by FDA from 2010 to 2019 compared to the previous decade.
The industry players are focusing on new product development, obtaining product approvals from the regulatory bodies for more penetration in the global preparative and process chromatography market. For example, in February 2021, Thermo Fisher Scientific Inc. (US) launched its new Vanquish Online 2D-Liquid Chromatography (LC) system, which offers multidimensional chromatography. In November 2020, Shimadzu Corporation (Japan) launched its advanced i-Series HPLC system.
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This was an improved liquid chromatography system that supported remote work. Furthermore, the key players are involved in strategic agreements and acquisitions to augment their market positions. For instance, in March 2020, Danaher (US) acquired the biopharma business of General Electric Life Sciences (US), now called Cytiva, for USD 21.4 billion.
The global preparative and process chromatography market has been segmented into type, product, and end user.
- Process Chromatography
- Preparative Chromatography
- Chemicals & Reagents
By Chromatography Type
- Liquid Chromatography
- Gas Chromatography
By End user
- Biotechnology and Pharmaceutical Industries
- Food and Nutraceutical Industries
- Academic Research Laboratories
Some of the key market players are
- Merck KGaA (Germany)
- Danaher Corporation (US)
- Bio-Rad Laboratories (US)
- Thermo Fisher Scientific (US)
- Shimadzu Corporation (Japan)
- Daicel Corporation (Japan)
- Waters Corporation (US)
- Agilent Technologies (US)
- Novasep Holding S.A.S (France)
- PerkinElmer Inc. (US)
North Americais likely to dominate the preparative and process chromatography market, owing to increasing investments in pharmaceutical R&D, the presence of key companies, and developed healthcare infrastructure in the region.For instance, the National Institutes of Health (NIH) funding for medical research in 2020 was USD 42 billion, whichhad increased by 7% compared to 2019 funding.
Europeis likely to account for a significant share in the preparative and process chromatography market due to supportive government healthcare policies and rising pharmaceutical R&D investments. For instance, the European Union set up the Horizon 2020 funding program for R&D and innovation in science, which funded over USD 90 billion from 2014-2020.
Asia-Pacific is projected to be the fastest-growing regional market during the forecast period dueto factors like improving healthcare infrastructure and a high percentage of geriatric population in the region demanding efficient therapeutics. Furthermore, global key players’ initiatives to expand operations in the region are also boosting the market growth.
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Furthermore, the growth of the market in the Rest of the World is slower compared to the other regions due to the presence of poorer economies and fewer research activities. However, government initiatives to support domestic pharmaceutical production is expected to drive the market.
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