The global ion-exchange chromatography market will grow at a CAGR of almost 5% over the forecast period.
Technavio has announced its latest market research report on ion-exchange chromatography to its lab equipment portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global ion-exchange chromatography market during the forecast period 2016-2020. Some of the top vendors listed in this industry analysis include Agilent Technologies, Bio-Rad, GE Healthcare, Merck, and Thermo Fisher Scientific.
In terms of geographical analysis, the Americas dominated the global ion-exchange chromatography market and occupied around 36% of the total market share during 2015. Much of the region’s growth comes from the presence of a large number of research facilities, testing laboratories, sub-contract laboratories, and pharmaceutical companies.
“Automation in laboratories and research facilities is rapidly gaining popularity in the ion-exchange chromatography market. Automation of sample handling processes minimizes the chances of error significantly, within and between experiments. The integration of automated systems in the sample handling, separation, and purification processes in ion-exchange chromatography will lead to the introduction of several new accessories and other instruments that can work in tandem with chromatography instruments,” says Amber Chourasia, a senior analyst at Technavio for research on lab equipment.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Rise in global expenditure on R&D
With the economies of developing countries growing faster than that of developed countries, several emerging countries are expected to establish more number of research facilities and institutes in the coming years. Such increase in the number of research and testing facilities, specifically in pharmaceutical and biotechnology sectors, will result in an augmented demand for laboratory analysis equipment such as ion exchange chromatography instruments, reagents, and other consumables. With countries across the globe continuing emphasize on knowledge expansion and innovation, the trend of increased R&D spending will continue over the forecast period. The surge in R&D activities translates to an extension of facilities in fields like clinical research, microbiology, cancer research, and pharmaceutical research, which are all primary users of ion-exchange chromatography. High growth in these areas will subsequently lead to an increase in demand for instruments and reagents over the forecast period.
Rapid innovations in the field of life sciences
Another major factor driving growth in the ion-exchange chromatography market is the advancements in the life sciences sector. The growth of this sector is boosted by factors such as elderly population, surge in chronic diseases, population growth, enhanced life expectancy, and higher disposable income. Though technology used in this sector needs constant improvements to match the changing requirements of the researchers, chromatography still continues to be a critical part of this sector. As the life sciences sector is one of the largest users of chromatography reagents and consumables, the growth of this sector will drive the demand for these products over the next four years. The key players in the ion-exchange chromatography market are constantly looking for ways to increase their new product pipelines. M&A and divestiture activities play a crucial role in growth and diversification prospects of these vendors in the emerging markets during the forecast period.
Advances in technology
In recent years, there have been major innovations in the design and functioning of chromatography instruments, especially the reagents used. The manufacturers have come up with the detector technology, also focusing on the energy-efficiency factor. With the growing integration of automation in chromatography, the level of human input needed for ion-exchange chromatography processes, like sample handling, detection, recording, and processing, has reduced. This has subsequently led to a reduction in the possibility of errors, leading to a more efficient process.
Growing investments in biomedical sector
In several countries such as Singapore, China, and South Korea, the governments have taken measures to ensure investments in research, especially in the biomedical sector over the forecast period. Several Asian countries have increased their investments and are registering double-digit annual growth rates. China dominates the sector, with 30% growth in biomedical research activity between 2010 and 2015. Singapore is considered the regional hub for biomedical R&D, and the country is constantly focusing to strengthen its position with increased investments in this sector.
Wide range of applications of ion-exchange chromatography
There are a number of new applications that are using chromatography in examining the properties of several proteins by observing and visualizing their separation patterns. The primary users of chromatography for protein identification and study include the pharmaceutical industry for drug discovery and the biotechnology sector for genetic engineering. Protein purification, separation, and identification of proteins and other similar compounds have been achieved using the chromatography technique. Other emerging applications of ion-exchange chromatography include antibody purification, food production, disease diagnostics, analysis of wine fermentation, and histidine-tagged recombinant protein purification, and on-column refolding.
Some of the other prominent vendors identified in this report are Becton, Dickinson and Company, Helena Laboratories, Pall Corporation, Phenomenex, Regis Technologies, Shimadzu Corporation, Tosoh Corporation, VWR International, Waters Corporation, and W.R Grace.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Ion-exchange Chromatography Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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