Key Players are Daicel Corporation (Japan), DAISO Co. Ltd. (Japan), GE Healthcare (U.S.), Merck Millipore (U.S), Novasep (France), Pall Corporation (U.S), Thermo Fisher Scientific (U.S.) and Waters Corporation (U.S.)
(PRWEB) January 07, 2015
The preparative and process chromatography market is expected to reach $8,950 million by 2019 from $6351.5 million in 2014, at a CAGR of 7.1%. The global Preparative and Process Chromatography market is categorized on the basis of products and services, end user, and geography. The service segment is expected to register the highest growth rate in the Preparative and Process Chromatography market, by products and services, during the forecast period. This favourable growth is attributed to increasing demand for equipment qualification and validation services to obtain regulatory approvals, and increasing demand for maintenance services to avoid breakdown in the purification process.
Major factors contributing to growth of the Preparative and Process Chromatography market include the increasing demand for preparative and process chromatography techniques for insulin and other bio-pharmaceutical products purification, technological advancements. Furthermore, increasing investment in the end user industries is another major factor providing impetus for growth of this market. For instance, Biotechnology is one of the seven strategic and emerging industries (SEIs) identified in China’s Twelfth Five-Year Plan (2011 to 2015). To ensure profitability of this industry, the Chinese government pledged to increase its basic research investments by 26% in 2012. The Chinese government also proposed to invest more than $300 billion in the biotechnology sector over the next 5 years, which is roughly twice the currently expected investment by the U.S. The relatively untapped markets of the Asian region and increasing demand of reagent have opened an array of opportunities for the Preparative and Process Chromatography market. However, the high cost of instrument, regulatory constrains regarding drug approval and presence of alternative separation techniques are expected to restrain the growth of this market.
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The Asian region and reagent segment of Preparative and Process Chromatography are expected to serve as new revenue pockets for the Preparative and Process Chromatography market in the coming five years.
Apart from the comprehensive geographical and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by the industry players over the last three years. In addition, the company profiles comprise the basic views on the key players in the Preparative and Process Chromatography market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above mentioned market research data, current market size, and forecast of the future trends will help the key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
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