Chromatography Resins Market in Drug Discovery worth $359.88 Million by 2020 - Report by MarketsandMarkets
Dallas (PRWEB) April 28, 2015 -- The report Chromatography Resins Market in Drug Discovery defines and segments the global with analysis and forecasting in terms of volume and value. The chromatography resins market in drug discovery value is expected to grow from an estimated $238.07 Million in 2014 to $359.88 Million by 2020, with a CAGR of 7.0% between 2015 and 2020.
Browse 83 market data tables with 60 figures spread through 160 pages and in-depth TOC on "Chromatography Resins Market in Drug Discovery".
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Chromatography resins are used as stationary matrices in the chromatography column. The different techniques of chromatography are ion exchange, affinity, hydrophobic interaction, size exclusion, multi-modal, and others. The affinity chromatography is further sub-segmented into Protein A, Protein G/L and others.
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The chromatography resins market in drug discovery is projected to grow at a CAGR of 7.0% between 2015 and 2020, in terms of value. In terms of value, the largest technique of chromatography is affinity followed by ion exchange. The demand for affinity chromatography is mainly driven by the sub-type Protein A resins. The demand for protein A affinity chromatography is on the rise due to the increase in demand for monoclonal anti-bodies. The protein A affinity is largely consumed in Europe and North America.
Chromatography resins are categorized based on techniques into ion exchange, affinity, hydrophobic interaction, size exclusion, multi-modal and others. The ion exchange chromatography technique has the highest demand among all the techniques, in terms of volume. The demand for ion exchange chromatography is driven by the increase in non-purification applications. The size exclusion chromatography accounts for the second largest share of the market, in terms of volume.
Chromatography is consumed in large volumes at different stages of monoclonal antibody production and purification. With rising critical diseases across the world, demand for chromatography resins in the field of monoclonal antibody production is expected to rise at a high rate. The market of chromatography for drug discovery is estimated to grow to $359.88 Million by 2020.
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The demand of chromatography resins for drug discovery is the highest in the North American region. The demand of chromatography resins for drug discovery in the region accounts for almost 50.0% of the total market in 2014 in terms of value. The increased investment in research and development by the key biopharmaceutical companies is the major driver of chromatography demand in North America. The U.S. FDA has started approving biosimilars which has triggered the growth of research and development in key therapeutic areas such as oncology, Alzheimer’s, and other critical diseases.
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