Chiral Chromatography Columns Market worth $87.8 Million by 2018 - New Research Report by MarketsandMarkets
(PRWEB) November 22, 2014 -- The “Chiral Chromatography Columns Market by type (Empty, Pre-packed, Analytical, Preparative), by Material (Metal, Glass, Plastic), by Application [GC, LC (HPLC, UHPLC, Flash Chromatography, UFLC), TLC, SFC] - Forecast to 2018” analyses and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and Rest of the World.
Browse 90 market data tables and 15 figures spread through 135 pages and in-depth TOC on “Chiral Chromatography Columns Market”
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This report studies the market over the forecast period of 2013 to 2018.The market size by value was $68 million in 2013. It is poised to grow at a CAGR of 5.2% from 2013 to reach $87.8 million by 2018.
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The Chiral Chromatography Columns market has witnessed various technological advancements in recent years. This can be attributed to market players focusing on the introduction of newer systems and consumables for expediting chromatographic procedures. These new systems are widely being used in new application areas such as proteomics, genomics, and metabolomics.
Different methods of separation and accurate quantification of chiral compounds form an important component of drug research and drug purity determination. Agilent Technologies serves this need through various chiral products like the ULTRON ES-OVM column. Agilent also focused on reducing separation time by introducing Ultron ES columns that enable racemic separation without derivatization. Other such chiral products from Agilent include HP-Chiral ß capillary GC column, CP-Cyclodextrin-β-2,3,6-M-19, Cyclodex-B, and CycloSil-B. Moreover, from 2010 to 2013, the company launched as many as 42 chromatography instruments, which enabled the company to maintain its market leadership. It also includes special application columns in chiral chromatography, such as chiradex.
Government support is another significant factor providing impetus to the chromatography instrumentation market. Emerging regions have less stringent norms and require low capital for the development of new technologies. Various governments are undertaking several steps to further encourage R&D activities in their respective regions. For instance, the government of China is offering tax rebates to those investing in R&D in the country; thus chromatography instrumentation companies have expanded their presence in China. Also, Canada had announced an investment of up to $9.9 million for bringing innovations in the bio-pharmaceutical sector through the use of chromatographic techniques.
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Chiral chromatography columns have assumed a position of significance for researchers and industries across the globe. Growth in the chiral chromatography columns market is likely to be centered in China, India, Japan, Korea (North and South), and Vietnam. Furthermore, the chiral chromatography columns market in Australia and New Zealand is expected to grow in the forecast period due to the increasing number of collaborations, regulatory changes in the pharmaceutical industry, and rise in the number of chromatography conferences.
North America accounts for the largest share of the market, due to augmented research for drug and biologic development, chromatography conferences, and direct and indirect government investments in the chromatography instrumentation market. The Asian chiral columns market is expected to witness high growth in the forecast period. The outsourcing of drug discovery and development services to the Asian region (especially China and India) by prominent pharmaceutical companies is, alongside other factors, propelling the demand for separation techniques in Asia.
Major players in the market include Agilent Technologies (U.S.), Waters Corporation (U.S.), Phenomenex, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), GE Healthcare (U.K.), Sigma-Aldrich Corporation, and Others.
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