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(Health-NewsWire.Net, November 09, 2019 ) The major factors driving the growth of are process and preparative chromatography market the increasing prevalence of appendicitis and growing preference for R&D investments in biotechnology and pharmaceutical companies.
Increasing demand for insulin, vaccines, and monoclonal antibodies; rising number of chromatography conferences; and high demand for omega-3 fatty acids are the major driving factors for this market.
Market Size
The Preparative and Process Chromatography Market size is expected to reach USD 8.60 billion by 2023 from the estimated USD 6.27 billion in 2018, at a CAGR of 6.5%.
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“Process chromatography type is expected to account for the larger market share in 2018.”
The preparative and process chromatography market is classified into process chromatography and preparative chromatography. The process chromatography segment is estimated to command the larger market share in 2018. This is mainly due to increasing production of vaccines and monoclonal antibodies in biotechnology and pharmaceutical industries.
“Biotechnology & pharmaceutical industries segment is expected to account for the largest share of the preparative and process chromatography market in 2018.”
The preparative and process chromatography market segmented into biotechnology & pharmaceutical industries, food & nutraceutical industries, and academic institutes. In 2018, the biotechnology & pharmaceutical industries segment is estimated to account for the largest market share. This is mainly due to the increasing demand for monoclonal antibodies and insulin.
Recent Developments
• In 2017, the GE Healthcare introduced a new Protein A chromatography resin, MabSelect PrismA, for monoclonal antibodies purification. This launch strengthened the company’s business operations in the resin segment.
• In 2018, the Pall Corporation extended its consumables distribution agreement with Kaneka Corporation (Japan). The company also expanded its Hoegaarden facility to 2,000 m² in the same year. This expansion improved the company’s R&D capabilities and manufacturing space.
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