Global Chromatography resin Market is valued approximately at USD 1.84 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.20% over the forecast period 2020-2027. Chromatography resins are used in biotechnology, pharmaceutical, food processing, and environmental research for the purification and isolation of proteins and other biomolecules. The Increasing prevalence of chronic diseases across the globe is stimulating the demand for monoclonal antibodies for the therapy and treatment of chronic diseases. Monoclonal antibodies are laboratory-produced molecules designed to act as replacement antibodies that can restore, strengthen, or hamper the attack on various body cells by the immune system. Chromatography resins have remarkable application in development of treatments & therapies of chronic diseases with the help of monoclonal antibodies. Thus, growing prevalence of chronic diseases is escalating the demand for chromatography resins across the globe. For instance, According to the World Health Organization, it is projected that till 2020, chronic diseases will account for almost three-quarters of all deaths worldwide that includes 71% of deaths due to ischaemic heart disease, 75% of death due to stroke and 70% of deaths due to diabetes etc. In addition, growing demand from end use industries is the factor propelling the growth of market over the forecast years. However, high cost of affinity resin and lack of adequate skilled professionals is the factor hampering the growth of market over the forecast years.
The regional analysis of the global Chromatography resin market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging prevalence of diabetes among both male & female population along with strategic initiatives opted by the private organizations indulged in offering chromatography resins. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as surging pharmaceutical production & exports, escalating utility in wastewater treatment along with high presence of organizations indulged in manufacturing of pharmaceuticals creating a lucrative opportunity for the growth of the cancer vaccine market in the Asia-Pacific region.
Major market player included in this report are:
Thermo Fisher Scientific Inc.
Mitsubishi Chemical Corporation
Avantor Performance Materials Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
Pharma & Biotechnology
Food & Beverage
Water & Environment analysis
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Chromatography resin Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers