Ion exchange phase columns constitute 7.5% of Global Columns market and are poised to grow its market share to 7.5% by the end of year 2018.
(PRWEB) June 12, 2014
The global ion exchange columns market is set to grow at a CAGR of 5.6% from 2013 to 2018, and is expected to reach $100.0 million by 2018. Investments by different governments in chromatography technologies, increasing spending by life sciences companies in R&D, new international GMP and GDP certification guidelines for pharmaceutical excipients, and a rise in the importance of chromatography tests in drug approvals are helping the growth of this market. The growing concern for food safety across the food industry has also helped increase the use of chromatography instruments, further propelling the growth of this market.
Browse through the market data tables, figures and detailed ToC on the “Ion Exchange Phase Columns Market”.
North American Ion Exchange Phase Columns Market
North America is leading the ion exchange columns market, and is projected to grow at a CAGR of 5.6% from 2013 to 2018. The demand for ion exchange columns is expected to increase in the future due to strong implementation of drug development regulations in North America. The ion exchange market growth is also assisted by the growing number of chromatography conferences, discussions, symposiums, & seminars hosted by North America on analytical technologies. The increase in metabolomics research in the U.S. is also supporting the growth of ion exchange columns market.
European Ion Exchange Phase Columns Market
Europe is the second-largest market, poised to reach $42.6 million by 2018, to grow at a CAGR of 5.1% from 2013 to 2018. Germany is the leading market for ion exchange columns in Europe, projected to grow at a CAGR of 5.9% during the forecast period. Big pharmaceutical players are acquiring smaller companies and supporting them financially and technically for their drug development activities. The increase in drug development activities bolsters the growth of the ion exchange columns market in Europe. Similarly, strategic alliances, agreements, and R&D partnerships are assisting the European ion exchange columns market.
Asian Ion Exchange Phase Columns Market
In the Asian Ion Exchange Columns market, Japan had the highest share of 50.4% in 2013. The Asian ion exchange column market is projected to grow at a CAGR of 5.9% to reach $33.08 million by 2018. The Asian region is anticipated to grow at a high growth rate due to various factors such as the increasing presence of major chromatography companies in Asia, growing pharmaceutical and biotechnology industries in China and India, increasing presence of chromatography firms in Singapore, Malaysia, and Vietnam, and the increasing use of ion exchange phase columns for inorganic analysis. However, the need for skilled professionals to operate these columns, and the high cost of ion exchange phase columns is some of the factors that could hinder the growth of this market to a certain extent.
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