NEWARK, Del, Feb. 07, 2024 (GLOBE NEWSWIRE) -- The preparative and process chromatography market is forecasted to soar to US$ 14.53 billion by 2034, marking a substantial increase from its 2024 valuation of US$ 9.93 billion. The demand for preparative and process chromatography is expected to develop at a CAGR of 3.9% between 2024 and 2034.
The market growth is primarily driven by the
- increasing demand for monoclonal antibodies in the pharmaceutical and biotechnology industries
- technological advancements, including the analysis of protein biopharmaceuticals and chiral drugs, as well as the detection of genotoxic impurities
- the growing demand for high-quality pharmaceutical products
- increasing production demands within end-use industries.
The escalating demand for preparative and process chromatography drives an imperative for effective purification protocols in critical sectors such as food, biotechnology, and pharmaceuticals. This emphasizes the essential role of these techniques in ensuring product purity and quality.
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Continuous advancements in chromatography technology serve as catalysts, fostering the widespread adoption of preparative and process chromatography. These ongoing improvements contribute to heightened efficiency and generate outcomes characterized by exceptional quality across diverse applications.
Remarkably, the surge in demand for preparative and process chromatography is particularly pronounced in the biopharmaceutical sector. These solutions play a pivotal role in protein purification in this industry. This underscores their critical importance in producing advanced therapeutic and biotechnological products.
The expanding need to meet stringent regulatory standards is an influential driver behind the growing demand for preparative and process chromatography. Industries across the spectrum prioritize adherence to these standards to ensure safe and high-quality goods are manufactured.
Anticipated growth in emerging markets is foreseen in the upcoming decade, especially as developing nations undertake comprehensive updates to their pharmaceutical and biotech production methods. This evolution in manufacturing practices is expected to propel the increased utilization of preparative and process chromatography in these burgeoning markets.
"The demand for preparative and process chromatography is increasing due to its crucial role in purifying food, biotech, and pharmaceuticals. Technological advancements enhance efficiency and quality across various applications, particularly in the biopharmaceutical sector. Stricter regulations and the expansion of emerging markets throughout the subsequent decade are projected to boost the use of these chromatographic solutions further," says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
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Key Takeaways from the Preparative and Process Chromatography Market
- The United States preparative and process chromatography industry is projected to dominate, registering a CAGR of 2.5% through 2034
- Germany’s preparative and process chromatography market is expected to register a sluggish CAGR of 1.8% between 2024 and 2034.
- The United Kingdom’s preparative and process chromatography industry is anticipated to exhibit a CAGR of 5.1% through 2034.
- Italy’s preparative and process chromatography industry is likely to experience a CAGR of 4.2% from 2024 to 2034.
- China’s preparative and process chromatography market is expected to display a CAGR of 7.0% through 2034.
Competitive Landscape of the Preparative and Process Chromatography Market
The preparative and process chromatography industry is experiencing significant transformation as key players adapt to emerging trends. Strategic collaborations among industry leaders aim to leverage strengths and drive innovation.
Sustainability takes center stage, focusing on eco-friendly solutions, reflecting a commitment to environmental concerns. Investment in research and development by companies underscores the pursuit of technological excellence. They emphasize advancements in resins, column designs, and automation.
Global expansion strategies by leading players respond to the increasing demand worldwide. At the same time, adopting single-use systems addresses the industry's need for flexibility and cost-effectiveness. Overall, these concerted efforts reflect a commitment to staying competitive and responsive to the evolving demands of diverse industries.
Top Key Companies in the Preparative and Process Chromatography Market
- Thermo Fisher Scientific Inc.
- Bio-Rad Laboratories, Inc
- Agilent Technologies, Inc
- Waters Corporation
- Cytiva
- Satorius AG
- Shimazdu Corporation
- PerkinElmer Inc.
- Hitachi
- KNAUER Wissenschaftliche Geräte GmbH
- Gilson Incorporated
- Merck
- Daicel Chiral Technologies
- Nouryon
- Orochem Technologies Inc.
- Hamilton Company
- JASCO
- Valco Instruments Co. Inc.
Recent Developments in the Preparative and Process Chromatography Market
- YMC Europe unveiled a new expertise portal for liquid chromatography in March 2022. Serving as a knowledge hub, the portal focuses on preparative LC and (U) HPLC.
- Bio-Rad Laboratories, Inc. unveiled the EconoFit Low-Pressure Prepacked Chromatography Column Packs in June 2022. These packs are designed to aid resin screening experiments while developing protein purification workflows.
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Preparative and Process Chromatography Market Key Segments
By Product:
- Preparative Chromatography
- Consumables
- Columns
- Reagents
- Resins
- Systems
- Consumables
- Process Chromatography
- Consumable
- Column
- Reagent
- Resin
- System
- Consumable
By Chromatography Type:
- Liquid Chromatography
- Gas Chromatography
- Thin Layer Chromatography
- Paper Chromatography
- Others
By End User:
- Food Industry
- Nutraceutical Industry
- Bio-Pharmaceutical Industry
- Oil & Gas Industry
- Diagnostics
- Academic and Research Institutes
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Have a Look at the Related Report from the Preparative and Process Chromatography Market:
Chromatography Resin Market is predicted to grow from US$ 1.4 billion in 2023 to over US$ 2.8 billion by 2033. The market for chromatography resin is anticipated to register a CAGR of 7.5% from 2023 to 2033.
Chromatography Software Market was worth US$ 1.1 billion in 2023, is predicted to reach US$ 3.2 billion by 2033, at a CAGR of 11.3% from 2023 to 2033.
Chromatography Instrumentation Market is expected to grow from US$ 10.3 billion in 2024 to US$ 17.7 billion by 2034. By 2034, the market is projected to surge at a 5.6% CAGR.
Liquid Chromatography Systems Market is projected to grow at a CAGR of 5.9% within the period between 2022-2032 to reach a market size of US$ 7.03 billion.
Preparative Chromatography Market was valued at US$ 1,311.8 million in 2023 and is expected to reach US$ 2,139.4 million by 2034. The market is expected to rise at a CAGR of 4.5% over the forecast period.
Authored by:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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