The Rising Adoption Of Prepacked Chromatography Columns Is Anticipated To Open Up New Avenues For The Prepacked Chromatography Columns Market
The Rising Adoption Of Prepacked Chromatography Columns Is Anticipated To Open Up New Avenues For The Prepacked Chromatography Columns Market
The Prepacked Chromatography Columns Market is estimated to be valued at US$ 307.6 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.



Market Overview:
Prepacked chromatography columns are pre-packed with chromatographic media such as resins, gels, and membranes. They are primarily used in the biopharmaceutical industry for separation, purification, and polishing operations during drug substance and drug product manufacturing. Key advantages of prepacked chromatography columns include reduced process development time and consistent processing of large number of samples for process development and optimization studies. They provide high throughput and scalability for R&D as well as manufacturing processes.

Market Dynamics:
The growing demand for monoclonal antibodies and recombinant proteins is expected to drive the growth of the prepacked chromatography columns market during the forecast period. According to International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), global spending on biopharmaceutical R&D is expected to grow from US$ 150 billion in 2019 to over US$215-240 billion by 2023. Additionally, rising prevalence of chronic diseases worldwide is fueling the demand for biologics, which in turn is expected to boost the adoption of prepacked chromatography columns in pharmaceutical and biotechnology industries. Furthermore, technological advancements such as the emergence of automated liquid chromatography systems and cloud platforms for remote monitoring and control are expected to provide new growth opportunities for market players during the forecast period. However, high costs associated with chromatographic equipment and media may hinder market growth, especially in price-sensitive developing regions.
Segment Analysis
The prepacked chromatography columns market is segmented into ion exchange chromatography, affinity chromatography, multimodal chromatography, gel filtration and others sub segment. The ion exchange chromatography sub segment dominated the market and accounted for around 40% share of the global market in 2022. It is the most widely used type of chromatography technique for protein purification due to its ability to separate molecules based on charged functional groups.

PEST Analysis
Political: The government regulations regarding chromatography processes in pharmaceutical and biotechnology industries drive the market. The approval norms by regulatory bodies are stringent requiring precise separation and purification of biomolecules.
Economic: The growth of pharmaceutical and biotechnology industries positively impacts the market. Increased R&D activities for drug development and production outsourcing augments demand.
Social: Rising lifestyle diseases and increasing consumer healthcare awareness favors the market. Growing population and demand for diagnostics and targeted therapies influence the market.
Technological: Advancements in column technology, automation and integration with analytical tools aid market growth. Developments in multi-modal and affinity chromatography shall boost the market.

Key Takeaways
The global Prepacked Chromatography Columns Market Size is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period of 2023 to 2030, due to increasing demand from pharmaceutical and biotechnology industries. The market size for 2023 is estimated to be US$ 307.6 Mn.

Regional analysis: North America is projected to dominate the global prepacked chromatography columns market during the forecast period. This is attributed to rising healthcare expenditure, presence of global market players and growing R&D activities in the region.

Key players analysis: Key players operating in the prepacked chromatography columns market are Thermo Fisher Scientific Inc., Cytiva, Sartorius AG, Repligen Corporation, Merck Millipore, VWR International, Llc. (Avantor), Phenomenex Inc., Agilent Technologies, Inc., Knauer Wissenschaftliche Geräte GmbH, Hawach Scientific Co., Ltd., Purolite, BioServUK Ltd., Astrea Bioseparations Ltd., Daisogel USA (Osaka Soda Co., Ltd.), Shimadzu Corporation, Waters Corporation, Showa Denko K.K, Harvard Bioscience, Inc, Tosoh Corporation, Geno Technology Inc., USA., Santai Science, Biotage, ChromaNik Technologies, Inc., Proxcys B.V., GALAK Chromatography Technology Co., Ltd., and Daicel Corporation. Leading players are focused on new product launches and expansions to gain higher market share.

 

 

 

Read More: https://www.rapidwebwire.com/prepacked-chromatography-columns-market-growth/

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