Westford, USA, April 12, 2023 (GLOBE NEWSWIRE) -- SkyQuest projects that the Chromatography Reagent market will attain a value of USD 9.54 billion by 2030, with a CAGR of 6.8% over the forecast (2022-2030). The expansion of the market is determined by rising R&D expenditures for the pharmaceutical and biotechnology industries. The growing significance of chromatography tests for drug approvals is another factor driving the market's expansion. Major players in developing nations gain from the growing usage of chromatography in genomes and proteomics. The method uses chromatography reagents to assess the drug's purity.
According to the SkyQuest's, the food, beverage, and cosmetic industries use the chromatography technology. The method is employed in the pharmaceutical industry to distinguish between samples, examine them for the presence of chemicals or trace components, separate chiral compounds, and assess mixture purity. It is used to prepare huge quantities of materials that are very pure. The demand for chromatography reagents is influenced by these variations utilized in the pharmaceutical and cosmetics industries.
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- Pages - 211
- Tables - 126
- Figures – 67
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Chromatography is a separation method that is utilized in a variety of industries, including agribio, food and beverage, petrochemical and biopharmaceutical. To fulfil the demand of the healthcare sector, pharmaceutical and biotechnology businesses are making large investments in research to develop ground-breaking protein-related products. Proteomic research frequently uses chromatography, spectroscopy, PCR, flow cytometry, and NGS, among other methods. These technologies are currently being adopted by pharmaceutical and biotechnology businesses more frequently for protein separation and identification during drug discovery and development.
Prominent Players in Chromatography Reagent Market
- Agilent Technologies
- Thermo Fisher Scientific
- Merk Group
- Sigma-Aldrich
- Avantor Performance Materials
- Waters Corporation
- Bio-Rad Laboratories
- GE Healthcare
- Regis Technologies
- Loba Chemie
- Santa Cruz Biotechnology
- Honeywell International Inc.
- ITW Reagents
- Shanghai Aladdin Biochemical Technology Co. Ltd
- Tosoh Corporation
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The Pharmaceutical Testing Segment Is Anticipated to Have the Most Impact on the Market Due to Rising Demand for New and Effective Drugs
Pharmaceutical testing segment is dominating the market. The most important end consumers of chromatography reagents are pharmaceutical producers and companies that offer associated testing services. As well as during the production of bulk drugs and biological products, drug stability testing and qualitative and quantitative pharmaceutical analysis, they use analytical instrumentation at various stages of drug discovery, drug research and development, pharmacokinetics, toxicology and clinical studies. Some of the main factors influencing the growth of this market include increasing R&D for therapeutic areas like cancer, HIV/AIDS, and immune deficiency disorders, technological advancements in biotechnology research, increasing focus of pharmaceutical and biotechnology companies on extending their product pipelines, rising number of drug discovery and clinical trial projects, and patent expiration of blockbuster drugs and biomolecules.
North American region dominated the global market in 2021 due to increased chromatography technique usage in the pharmaceutical and food and beverage industries, as well as increased regional demand for chromatography reagents, The largest market in North America is the United States. The market is expanding because of an increase in R&D and drug discovery activity in the area. In the upcoming years, the market will be driven by rising investments in genomics R&D.
The Adsorption Chromatography Segment Is Expected to Grow During the Forecast Period Due to Growing Demand for Protein Purification and Analysis for Drug Development
The adsorption chromatography segment is expected to grow at the fastest rate. Adsorption chromatography is a type of liquid chromatography where molecules are maintained depending on their adsorption and desorption at the surface of the support, which additionally serves as the stationary phase. Liquid-solid chromatography is another name for this technique. This method's retention is based on the analyte's competition with molecules from the mobile phase as they bond to the support's surface. Adsorption chromatography's ability to retain a chemical depends on its ability to attach to the support, the support's surface area, the amount of mobile phase that the chemical displaces from the support, and the mobile phase's ability to bind to the support.
Asia Pacific is expected to develop at the fastest rate during the forecast period as a result of increased investments in health care in countries such as China and India. Also, the region's growing medication production boosted the need for chromatography reagents.
A comprehensive analysis of the major players in the Chromatography Reagent market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
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Key Developments in Chromatography Reagent Market
- In September 2022, Agilent announced their collaboration with Delaware State University with the goal of advancing diversity in STEM fields.
- In September 2022, Thermo Fisher Scientific and Pennsylvania Biotechnology Center collaborated to support the expansion of the life sciences industry in Philadelphia.
Key Questions Answered in Chromatography Reagent Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
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