(PRWEB) May 28, 2014
The affinity chromatography reagents market has witnessed a large number of advancements in the design of columns and the development of better performing resins and reagents. Affinity chromatography reagents are expected to witness a significant increase in demand due to the expanding pharmaceutical and biotechnology industries. The global affinity chromatography reagents market was valued at $381.1 million in 2013, and is expected to reach $606.0 million by 2018, at a CAGR of 9.7%. The expanding global biotechnology and pharmaceutical industry is the major driver of the market.
Browse through the market data tables, figures and detailed ToC on the “Global Affinity Chromatography Reagents Market.”
The North American affinity chromatography reagents market was valued at $392.0 million in 2013, and is expected to grow at a CAGR of 8.9 % from 2013 to 2018. Solvents hold the largest share of the overall preparative market. The North American chromatography reagents market is the largest in the world, and is slated to grow even further, due to augmented research activities for the development of drugs and biologics, conferences, and government investment, while the presence of alternative techniques is likely to hinder the growth of the affinity chromatography reagents market.
Browse through the market data tables, figures and detailed ToC on the “North America Affinity Chromatography Reagents Market.”
Europe Affinity Chromatography Reagents Market
Europe is the second-largest market in the global affinity chromatography reagents market, projected to grow at a CAGR of 9.8% from 2013 to 2018. The Rest of Europe (ROE) affinity chromatography reagents market generated $82.8 million in 2013, and is expected to reach $130.9 million by 2018, with a CAGR of 9.6% from 2013 to 2018. The ROE affinity chromatography reagents market is the most dominating market in the European region. New production facilities and expansion, along with funding by local and national government bodies, are the key drivers of this market.
Asia Affinity Chromatography Reagents Market
Asia is the third-largest and fastest-growing affinity chromatography reagent market, growing at a CAGR of 14.9% from 2013 to 2018. This high growth is due to emerging economies such as China, India, Singapore, Malaysia, Vietnam, and Japan; the increasing presence of major chromatography companies; and the expanding pharmaceutical and biotechnology industries in Asian countries. The Asian market offers huge growth potential for affinity chromatography reagents due to increase in research activities and major investments in the chromatography sector by these Asian countries. Furthermore, to achieve economies of scale, global pharmaceutical companies are outsourcing their separation services to Asian countries. However, the presence of alternative separation techniques and high price of acetonitrile (common solvent used in chromatography) are the major factors hindering the growth of this market.
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