The Global Preparative Chromatography Reagent market is expected to reach $3,003.2 million in 2018 - New Report by MicroMarket Monitor
(PRWEB) November 04, 2014 -- The Global Preparative Chromatography Reagent market report defines and segments this market with analysis and forecast of revenue. The global preparative chromatography reagent market is expected to reach $3,003.2 million in 2018 and is estimated to grow at a CAGR of 11.8% from 2013 to 2018.
Browse through the TOC of the global preparative chromatography reagent market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, and is supported by various tables and figures.
The global preparative chromatography reagent market holds a 37% share in the total chromatography reagent market. The share is due to the increase in the number of research activities for the development of drugs and biologics, conferences, and government investments. Chromatography plays an integral role in the development of monoclonal antibodies. Increased investments, funding, and grants by government bodies worldwide and various technological advancements are the other major factors propelling the growth of the preparative chromatography reagents market globally.
North America accounted for the largest share in the global preparative chromatography reagent market. This region is an upcoming market valued at $711.1 million in 2013, growing at a CAGR of 10.5% from 2013 to 2018. It is expected to reach $1,171.3 million by 2018. Increase in the number of end users in pharmaceuticals and biotechnology, and academic researchers in the U.S. are driving this market. In Canada, government investment for medical research is aiding the growth of this market in the North American region. However, high costs involved and increasing number of alternatives to preparative chromatography reagents are restraining this market.
The major market players in the North American preparative chromatography reagents market are Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and Merck & Co. (U.S.). Both Agilent Technologies, Inc. and Thermo Fisher Scientific, Inc. are leading players of the market; these companies have continuously launched new and advanced products between 2010 and 2013.
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Europe is the second-largest preparative chromatography reagent market valued at $506.2 million in 2013, growing at a CAGR of 10.1%, to reach $819.9 million in 2018. The favorable growth is due to factors such as advances in pharmaceutical and biotechnology industries and acquisition and partnerships among chromatography reagent companies. Further advances in biotechnology in Germany, France, and the U.K. are propelling the overall chromatography reagents market in Europe. On the other hand, the high cost of acetonitrile and the availability of alternative techniques are the major factors that are restraining the growth of the European preparative chromatography reagent market.
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The Asian preparative chromatography reagent market generated revenue to the tune of $318.5 million in 2013 and is expected to grow at a CAGR of 15.3% from 2013 to 2018. Support from the government in the form of investments is aiding the progress of scientific research and development in chromatographic processes. A rise in demand for chromatography techniques in the pharmaceutical industry is likely to drive the chromatography reagents market.
The global preparative chromatography reagents market is segmented on the basis of its products, types, processes, and end users. On the basis of products, it is divided into column and planar chromatography reagents. The different types of preparative chromatography reagents are buffers, solid support, and solvents. On the basis of processes it is segmented into adsorption chromatography reagents, affinity chromatography reagents, ion exchange chromatography reagents, partition chromatography reagents, and size exclusion chromatography reagents. The report is further segmented and analyzed on the basis of major geographic regions such as North America, Europe, and Asia. The report is also segmented on the basis of major end users such as pharmaceuticals and environmental biotechnology.
The report on the global preparative chromatography reagents market also includes the market share, value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
Related Reports :
European Preparative Chromatography Reagents Market
Preparative/bio process chromatography reagents are mainly used for separation and purification of bio molecules (proteins) in the analyte.
The European preparative chromatography reagents market is expected to reach $819.9 million by 2018, growing at a CAGR of 10.1% from 2013 to 2018. Germany held the largest share in this market in 2013 and is expected to grow at a CAGR of 12.0% from 2013 to 2018, followed by France pacing up to match the share growing at a CAGR of 11.9% for the forecast period.
The preparative chromatography reagents market in Europe is mainly driven by augmented research activities for the development of drugs and biologics, conferences, and government investments. Further advances in biotechnology in Germany, France, and the U.K. are driving the growth of the overall chromatography reagents market in Europe.
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