(PRWEB) May 28, 2014
The global chromatography columns market is set to grow at a CAGR of 5.4% during forecast period. In 2013, chromatography columns generated $1,454.9 million, and it is estimated to reach $1,891.9 million by 2018. Large investments by regional governments, increasing food safety and quality testing, growing biomedical industry, and increasing presence of major chromatography companies are driving the global chromatography columns market. Continuous technological improvements in the design of chromatography columns have promoted their use among a diverse user base. Moreover, the increasing use of chromatography columns in the proteomics market is likely to drive the global chromatography columns market. More than 1,300 firms involved in the biotechnology industry are based in the U.S. In the European region, Russia presents a potential market for chromatography columns with a flourishing pharmaceutical sector in the country.
Browse through the market data tables, figures and detailed ToC on the “Chromatography Columns Market”.
North America Chromatography Columns Market
The North American chromatography columns market is aggressively growing, at a CAGR of 5.6% from 2013 to 2018. Companies in the U.S. conduct 80% of their research and development activities in biotechnology. Chromatography columns are tools for the purification of enzymes. The pharmaceutical industry has one of the highest R&D spending budgets. On the other hand, the industry is under immense pressure to speed up the drug development procedure. To meet these needs, chromatography accessories such as chromatography columns are of great importance. Increased strictness in the quality of drugs, and the growing pharmaceutical industry are the prominent factors that contribute towards the increasing attractiveness of chromatography columns in North America. Major players include Agilent Technologies (U.S.), Thermo Fisher Scientific (U.S.), and Waters Corporation in the North American region.
Europe Chromatography Columns Market
The European chromatography columns market is growing at a CAGR of 5.0%. Regional expansion of chromatography companies, supported by the accessibility of research funds from the government and venture capitalists, is expected to drive the market growth during the forecast period of 2013 to 2018. Germany has one of the strongest bases of biotechnology research, especially medical biotechnology, with the increasing innovation in the drugs and diagnostics market. Germany is also an active participant in the plant sciences research in Europe. Thus, growth in the pharmaceutical industry, R&D activities, and academic research present a potential market for chromatography columns, as the use of chromatography columns in these sectors is widespread. Strategic alliances and collaborations between life sciences companies and chromatography columns manufacturers are expected to boost innovation, catering to various unmet needs of end-users. Many chromatography columns service providers are implementing a number of strategies to sustain in the European market. Major market players in the European chromatography columns market include Agilent Technologies (U.S.), Thermo Fisher Scientific Inc.(U.S.), Waters Corporation (U.S.), and Shimadzu Corporation (Japan).
Asia Chromatography Columns Market
The Asian chromatography columns market is the third-largest and the fastest-growing chromatography column market, at a CAGR of 6.4%. This is due to the fact that big pharmaceutical companies are outsourcing their drug discovery and development studies to Asian countries. Thus, the Asian chromatography column market is witnessing a significant increase in the demand of chromatography procedures, which, in turn, has led to an increase in the demand of columns. In China and India, increased government investments in the biomedical and crop sciences industry have propelled the growth of the chromatography market. Furthermore, the growing demand for chromatography procedures for life sciences, biotechnology, chemicals, pesticide, food and beverage, and other similar industries; geographic expansions of the major chromatography players in the regional market; extensive crop research, and increased government investments in the biomedical industry in Asian industries are some more factors which contribute to the growth of the Asian chromatography columns market. Major market players in the Asian Chromatography columns market are Agilent Technologies (U.S.), Thermo Fisher Scientific Inc. (U.S.), Waters Corporation (U.S.) and Shimadzu Corporation (Japan).
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