Prepacked Chromatography Columns Market is expected to reach US$3.3 b by the end of 2024

The opportunity in the global prepacked chromatography columns market is anticipated to rise US$1.6 bn in 2015 to be worth US$3.3 bn by 2024. If these values hold true, the market is estimated to register a CAGR of 8.4% during the forecast period.
Growing Usage of Prepacked Chromatography Columns in Sample Preparation
Based on product type, the prepacked chromatography columns market is led by the >1L segment, which accounted for a share of just short of 50% in 2015. This segment is also anticipated to expand at a pace greater than the other segments, reporting a CAGR of 8.7% from 2016 to 2024. By technique, hydrophobic stationary phase chromatography held a major share in the prepacked chromatography columns market, with multimodal chromatography expanding at the fastest pace.

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On the basis of application, the sample preparation segment accounted for the leading share in the market while protein purification is forecast to report a high growth rate. Based on end use, the prepacked chromatography columns market was dominated by pharmaceutical biotechnology, and analytical laboratories are anticipated to emerge as the most lucrative end-use segment.
Geographically, North America accounted for a major share of 33.9% in the global prepacked chromatography columns market in 2015. Retaining its lead throughout the forecast period, the demand for chromatographic techniques is anticipated to rise in the region. On the other hand, Asia Pacific is poised to grow at an impressive 10.2% CAGR from 2016 to 2024.
Wide Range of Application of Prepacked Chromatography Columns a Major Growth Driver
“Prepacked chromatography columns are well suited for various industries for the separation as well as detection of organic molecules and components,” the lead analyst notes. As a result, these columns play a significant role in the production of biopharmaceutical products. Prepacked chromatography columns are also used in industries such as biotechnology, food and beverages, agriculture, chemicals, research, and forensics. This wide range of application is a key factor boosting the global market.

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“The number of monoclonal antibodies used in clinical trials and those approved for various therapeutic applications has significantly increased in recent years,” the TMR analyst states. This growing need for therapeutic monoclonal antibodies has also supported the prepacked chromatography columns market.
In contrast, the economic slowdown in several countries over the past decade has had a considerable impact on government budgets and funding when it comes to research within the healthcare sector. This has adversely impacted the global market for prepacked chromatography columns market. Moreover, the high prices of columns and limitations resulting from clogging and fouling act as deterrents to the market.
The global market for prepacked chromatography columns market is immensely consolidated, with the top two players accounting for a 78% share in the market in 2015. Of these, GE Healthcare has been the clear leader, dominating over more than half the prepacked chromatography market that year. Repligen, on the other hand, has been gaining momentum over the years, giving its competitor a run for its money by focusing mainly on single-use or disposable manufacturing facilities.

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Transparency Market Research has found that some of the smaller players have been emphasizing on strategies such as competitive pricing, offering customized products, engaging in symbiotic alliances, and expanding their product portfolio to gain a share in the global prepacked chromatography columns market. For instance, in May 2016, Agilent Technologies launched the Agilent 1260 Infinity II liquid chromatography system so as to reduce its operational costs, improve overall usability, and strengthen its position in the global market.

Prepacked Chromatography Columns Market Size to Accelerate at a Rapid CAGR of 8.4% till 2024

The opportunity in the global prepacked chromatography columns market is anticipated to rise US$1.6 bn in 2015 to be worth US$3.3 bn by 2024. If these values hold true, the market is estimated to register a CAGR of 8.4% during the forecast period.
Growing Usage of Prepacked Chromatography Columns in Sample Preparation
Based on product type, the prepacked chromatography columns market is led by the >1L segment, which accounted for a share of just short of 50% in 2015. This segment is also anticipated to expand at a pace greater than the other segments, reporting a CAGR of 8.7% from 2016 to 2024. By technique, hydrophobic stationary phase chromatography held a major share in the prepacked chromatography columns market, with multimodal chromatography expanding at the fastest pace.

View Report Overview: http://www.transparencymarketresearch.com/prepacked-chromatography-columns-market.html

On the basis of application, the sample preparation segment accounted for the leading share in the market while protein purification is forecast to report a high growth rate. Based on end use, the prepacked chromatography columns market was dominated by pharmaceutical biotechnology, and analytical laboratories are anticipated to emerge as the most lucrative end-use segment.
Geographically, North America accounted for a major share of 33.9% in the global prepacked chromatography columns market in 2015. Retaining its lead throughout the forecast period, the demand for chromatographic techniques is anticipated to rise in the region. On the other hand, Asia Pacific is poised to grow at an impressive 10.2% CAGR from 2016 to 2024.

Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6014

Wide Range of Application of Prepacked Chromatography Columns a Major Growth Driver
“Prepacked chromatography columns are well suited for various industries for the separation as well as detection of organic molecules and components,” the lead analyst notes. As a result, these columns play a significant role in the production of biopharmaceutical products. Prepacked chromatography columns are also used in industries such as biotechnology, food and beverages, agriculture, chemicals, research, and forensics. This wide range of application is a key factor boosting the global market.

“The number of monoclonal antibodies used in clinical trials and those approved for various therapeutic applications has significantly increased in recent years,” the TMR analyst states. This growing need for therapeutic monoclonal antibodies has also supported the prepacked chromatography columns market.

In contrast, the economic slowdown in several countries over the past decade has had a considerable impact on government budgets and funding when it comes to research within the healthcare sector. This has adversely impacted the global market for prepacked chromatography columns market. Moreover, the high prices of columns and limitations resulting from clogging and fouling act as deterrents to the market.

Buy Prepacked Chromatography Columns Market Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=6014&ltype=S

The global market for prepacked chromatography columns market is immensely consolidated, with the top two players accounting for a 78% share in the market in 2015. Of these, GE Healthcare has been the clear leader, dominating over more than half the prepacked chromatography market that year. Repligen, on the other hand, has been gaining momentum over the years, giving its competitor a run for its money by focusing mainly on single-use or disposable manufacturing facilities.
Transparency Market Research has found that some of the smaller players have been emphasizing on strategies such as competitive pricing, offering customized products, engaging in symbiotic alliances, and expanding their product portfolio to gain a share in the global prepacked chromatography columns market. For instance, in May 2016, Agilent Technologies launched the Agilent 1260 Infinity II liquid chromatography system so as to reduce its operational costs, improve overall usability, and strengthen its position in the global market.

Prepacked Chromatography Columns Market Analysis and In-depth Research on Size, Trends, Emerging Growth Factors and Forecasts 2024

The global prepacked chromatography columns market is an extremely consolidated arena, with the top two players, namely GE Healthcare and Repligen, accounting for 78.0% of the overall market in 2015. GE alone represented whopping 54.0% of the market in the same year. These players are paying high attention towards product innovation and engaging themselves in mergers and acquisitions to maintain their leadership in the market, finds Transparency Market Research (TMR) in a study. For instance, with the acquisition of Atoll, Repligen is anticipated to cover a larger share in the market in the forthcoming years.

Asia Pacific to Emerge Leading Revenue Contributor Owing to Increasing Investments by Global Players

This 281 page report gives readers a comprehensive overview of the prepacked chromatography columns market. Browse through 28 data tables and 174 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/prepacked-chromatography-columns-market.html

The valuation of the global prepacked chromatography columns market was US$1.74 bn in 2016 and is poised to reach US$3.34 bn by 2024, progressing at a CAGR of 8.4% therein. On the basis of technology, hydrophobic stationary phase will continue to dominate until 2024, commanding 72.8% of the overall market. Increasing investments and funding along with uptick in research and development activities in the life sciences, biotechnology, and pharmaceutical sectors are supplementing the growth of the segment. On the other hand, multimodal chromatography is expected to register a CAGR higher than any other segment during the review period.

Geographically, North America was the frontrunner in the market in terms of revenue in 2016. However, Asia Pacific is anticipated to surpass the region towards the end of the forecast period. The growing investments by international players and improving scenario for research and development activities are providing a significant momentum to the market in the region. Owing to these factors, the region is estimated to rise at a CAGR of 10.2% during the same period.

Growing Demand for Therapeutic Monoclonal Antibodies Escalates Market Growth

The soaring need for therapeutic monoclonal antibodies in the treatment of various diseases such as allergic diseases, cancer, and autoimmune disorders is creating a staggering volume of demand for prepacked chromatography columns. Moreover, the growing production of biopharmaceutical drugs is paving way for higher need for purification, which in turn is working in favor of the market. “Biopharmaceuticals require exceptional purity, thereby making downstream process an important component of the overall process,” says a TMR analyst.

In addition, the burgeoning demand from other end-user industries such as food and beverages, chemicals, and biotechnology is augmenting the market. Furthermore, increasing research and development activities in the field and rising government initiatives and awareness campaigns are providing the market with a conducive environment to foster.

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Economic Slowdown and High Price Hinder Demand for Prepacked Chromatography Columns
Volatile economic conditions in certain parts of the world have considerable impact on government budgets and available funding for the healthcare sector. This in turn is adversely affecting the growth of the global prepacked chromatography columns market. Additionally, the high prices of columns are limiting their widespread adoption. Furthermore, issues such as fouling and clogging are hampering the growth prospects of the market. Fouling and clogging results in the reduction of dynamic binding capacity (DBC) and a subsequent decrease in the life span of columns.

The above data has been derived from a report by TMR, titled “Prepacked Chromatography Columns Market: (Product Type - 1-100 ml, 100-1000 ml, and >1L; Technique - Hydrophobic Stationary Phase, Ion Exchange Chromatography, Affinity Chromatography, Multimodal Chromatography, Gel Filtration; Application Type - Sample Preparation, Resin Screening, Protein Purification, Anion and Cation Exchange, and Desalting; End-user - Pharmaceutical Biotechnology, Food and Beverage, Agriculture and Environmental, Nutraceutical, Academics and Research, and Analytical Laboratories) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”