Chromatography Resin Market is estimated to reach USD 2.86 billion by 2025, with a CAGR of 6.5% over the forecast period. Chromatography is a code of techniques used to purify as well as separate bimolecular substances such as proteins. Resin is the stationary matrices in the columns used in aforementioned techniques. Chromatography resins are particularly used in multi-modal, ion-exchange, size exclusion, affinity, and hydrophobic interaction techniques. The widely used techniques are ion-exchange and affinity chromatography largely operated in pharmaceutical, food manufacturing, environmental analysis, and biotechnology.
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Market Synopsis of Chromatography Resin Market:
Chromatography resins are available in three major types includes, synthetic, inorganic, and natural media. Natural media polymers consist majorly of dextran, and agarose cellulose, and others. Industry prefers synthetic and natural type media over inorganic chromatography resins. In context with technology, ion-exchange chromatography experienced the largest consumption in the past few years. On the other hand, Protein A resins has witnessed the highest share of the market. Affinity chromatography had the key share in terms of revenue due to its higher selling cost integrated with affinity resins.
The key drivers for the chromatography resins could be the heavy demand for monoclonal antibodies owing to a heighten number of critical diseases concluding in types of therapeutics. Food analytics could be other major drivers for the market, due to its usage in nutritional and nutraceuticals chemistry. It deals with a major issue in food industry by determining the adulteration and additives in the food. Pharmaceuticals and biotechnology are the major end-users for chromatography resins and are estimated to continue with higher numbers.
The industrial applications, such as environmental analysis and water treatment rely on these techniques. Various opportunities for the chromatography resins market could be in the academic usage of drug recovery and genetic engineering. However, government law and regulations integrated with aforementioned applications could be a major restraint for the market in the near future.
The growth in terms of therapeutic antibodies demand, increasing utilization of separation & purifying techniques in the food industry, and emerging R&D activities in biopharmaceutical are the some of the factors contributing to the chromatography resins industry growth. Monoclonal antibodies therapeutics are rapidly capturing importance with rise in critical diseases across the world. The major factor restraining the global industry is the lack of skilled professionals. The adequate usage of chromatography equipment requires skill, knowledge, and expertise in different techniques. For example, the pharmaceutical industry is experiencing a lack of adequate professional to work on chromatography equipment and their different techniques.
The key strategies opted by resin manufacturers include low-cost production with better properties for binding. The key manufacturer such Bio-Rad, Millipore, GE Life Sciences, and Tosoh Corporation concentrate on manufacturing resins at lower cost with high productivity to make a competitive edge. Affinity chromatography resins, including protein A based resin are considered to be the most expensive as compared to others. However, with the expiry of current patent would reduce the cost over the next seven years.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Chromatography Resin: Market Variables, Trends & Scope
Chapter 4 Chromatography Resin: Product Estimates & Trend Analysis
Chapter 5 Chromatography Resin: Application Estimates & Trend Analysis
Chapter 6 Chromatography Resin: End-use Estimates & Trend Analysis
Chapter 7 Chromatography Resin: Industrial End-use Estimates & Trend Analysis
Chapter 8 Chromatography Resin: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Chromatography Resin: Manufacturers Company Profiles
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The rising popularity of hyphenated chromatography techniques, the growing importance of chromatography tests in the drug approval process, and rising food safety concerns are the major factors driving the growth of this market.What the Market Looks Like?The report Chromatography Instruments Market was valued at USD 7.8 billion in 2017.
This market is estimated to grow at a CAGR of 6.9% during the forecast period, expected to be worth USD 10.9 billion by 2022.Based on type, the chromatography instruments market is segmented into systems, detectors, auto-samplers, and fraction collectors.
The systems segment dominated this market in 2017 and is also estimated to grow at the highest CAGR during the forecast period.Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1258What Drives the Market?The growth of the global market for Chromatography Instruments is primarily influenced by the following factors:Policies and Initiatives to Reduce Environmental Pollution LevelsGrowing Food Safety ConcernsGrowing Importance of Chromatography Tests in the Drug Approval ProcessRising Popularity of Hyphenated TechniquesNew Product Launches and Their Expanding Application Areas Life science research, food & beverage testing, environmental testing, and other applications are the main segments of the market.
Life science research is the largest and the fastest-growing application segment in this market majorly due to the increasing importance of chromatography tests in the drug approval process and the rising number of R activities in the pharmaceutical and biotechnology industries.Read more about Chromatography Instruments Market: https://www.marketsandmarkets.com/Market-Reports/chromatography-instrumentation-market-1258.html
