Technavio, a tech-focused market research firm, has published a new report on the global boronate affinity chromatography market, which is expected to experience a steady growth with a CAGR of more than 5% during the forecast period, 2016-2020.
The latest report by Technavio covers the market outlook and growth prospects of the global boronate affinity chromatography market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global boronate affinity chromatography into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global boronate affinity chromatography market for 2015 (market share %)
|
Americas |
38.53% |
|
EMEA |
32.85% |
|
APAC |
28.62% |
Source: Technavio
The Americas: largest revenue generating region for boronate affinity chromatography
In 2015, the oboronate affinity chromatography market in the Americas was the largest geographical segment with a market share of almost 36%. The presence of a large number of healthcare facilities, testing laboratories, sub-contract laboratories, and pharmaceutical companies in this region are some of the key factors fueling the growth of the boronate affinity chromatography market in the Americas. The concentration of major vendors in the market such as Bio-Rad Laboratories and Thermo Fisher Scientific in the Americas also a key driver for the growth of the market in this region.
According to Abhay Sinha, a lead analyst at Technavio, specializing in research on lab equipment, “Several US-based manufacturers are focusing on the establishment and expansion of their current manufacturing and sales network in APAC. This move is not only economical, but it also gives vendors access to domestic markets. Besides, it is not just chromatography products vendors that are migrating their research and manufacturing facilities to APAC. Many multinational companies are also shifting bases owing to the attractive proposition of lower cost of land and material, easily available labor, and access to a larger market.”
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Boronate affinity chromatography in EMEA
The boronate affinity chromatography market in EMEA accounted for almost 33% of the overall market revenue during 2015 and is expected to showcase steady growth during the forecast period with a CAGR of around 5%. The European market for boronate affinity chromatography is driven primarily by its strong presence in the healthcare industry. Growing government funding in the healthcare industry coupled with supportive insurance coverage in Europe will fuel the market for diabetic testing, ultimately leading to the rise in the demand for boronate affinity chromatography over the next four years. Countries like Germany, the UK, France, and Sweden are expected to be the biggest contributors to the growth of the market in this region. The majority share of revenue generated in this market during the forecast period is likely to come from the sale of replacement equipment.
Boronate affinity chromatography in APAC
The growth of the overall chromatography market in APAC is expected to be fueled by factors such as the increase in the number of R&D facilities in biomedical and pharmaceutical sectors in APAC and the migration of several research facilities of major companies in this sector to countries like Japan, Singapore, South Korea, and India. The growth of the boronate affinity chromatography market in APAC is driven by the pharmaceutical sector, unlike the markets in the Americas and EMEA. However, growing healthcare infrastructure and increasing awareness about health monitoring is anticipated to propel the demand for boronate affinity chromatography from the healthcare sector in APAC during the forecast period. Japan was the biggest market in this region in 2015. By 2020, the boronate affinity chromatography market in APAC is expected to post a revenue of almost $45 million.
The top leading vendors operating in the global boronate affinity chromatography market are:
- AMS Biotechnology
- Bio-Rad Laboratories
- Merck
- Thermo Fisher Scientific
Other prominent vendors in the market include Becton, Dickinson and Company, Helena Laboratories, Pall Corporation, Phenomenex, Regis Technologies, Shimadzu Corporation, Trinity Biotech, Tosoh Corporation, VWR International, Waters Corporation, and W.R Grace and Co.
A more detailed analysis is available in the Technavio report titled, ‘Global Boronate Affinity Chromatography Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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