Preparative and Process Chromatography Market Highlights
Preparative and process chromatography Market research report has valued the industry at USD 6.5 billion in 2022. The preparative and process chromatography market industry is projected to grow from USD 6.94 billion in 2023 to USD 11.849 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.90% during the forecast period (2023 - 2032).
The global preparative and process chromatography market is driven by several factors, such as increased use of chromatography in various applications and growing food safety concerns. Moreover, rising pharmaceutical RD activities, especially in the pharma industry, will drive market growth. For instance, according to the Congressional Budget Office (CBO) of the US, pharmaceutical RD spending had increased 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.
Chromatography system that supported remote work. Furthermore, the key players are involved in strategic agreements and acquisitions to augment their market positions.
Regional Analysis
North America is likely to dominate the preparative and process chromatography market, owing to increasing investments in pharmaceutical RD, the presence of key companies, and developed healthcare infrastructure in the region.
Europe is likely to account for a significant share in the preparative and process chromatography market due to supportive government healthcare policies and rising pharmaceutical RD investments.
Asia-Pacific is projected to be the fastest-growing regional market during the forecast period due to 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.
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.
Segmentation
The global preparative and process chromatography market has been segmented into type, product, and end user.
Based on type, the market has been segmented into process chromatography and preparative chromatography. The process chromatography segment held a larger market share due to its various applications across industries such as food beverages, pharmaceutical, and forensics, and usage for scale-up and large-scale pharmaceutical product manufacturing.
Based on product, the market has been segmented into chemicals reagents, resins, columns, and systems. The columns segment held the highest share due to its various applications in different chromatography techniques and is the most common and crucial component for carrying out chromatography processes.
Based on chromatography type, the market has been segmented into liquid chromatography, gas chromatography, and others. The liquid chromatography segment held the largest share in the market due to varied applications and high demand in analytical processes,
Based on end user, the market has been segmented into biotechnology and pharmaceutical industries, food and nutraceutical industries, academic research laboratories, and others. The biotechnology and pharmaceutical industries segment held the largest share because of the constant RD efforts and production activities carried out by these industries that extensively involve the use of preparative and process chromatography.
Key Players
Some of the top key players mentioned in thepreparative and process chromatography market reportare 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), and PerkinElmer Inc. (US).
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