The global preparative and process chromatography market size is expected to grow from USD 7.22 billion in 2020 to USD 10.31 billion by 2026 at a CAGR of 6.1%.
Major driving factors for this market include increased need for insulin and other biopharmaceutical products, higher demand for omega-3 fatty acids, and increased awareness of process development and preparation chromatography. Emerging economies such as India, China, and Brazil offer opportunities for players working in the process and preparation market. However, the high cost of tools and the availability of alternative purification techniques, and the separation of pharmaceutical products are the main factors holding this market up.
By end-user, the preparative and process chromatography market is divided into biotechnology and pharmaceutical industries; food and nutraceutical industries; and academic research laboratories. The biotechnology and pharmaceutical industries segment is estimated to be the largest shareholder in the global market in 2020. This is mainly due to the growing research activities carried out by pharmaceutical and biotechnological companies and the increase in research and production of monoclonal and insulin antibodies in these industries.
By type, the preparative and process chromatography market is divided into two segments, namely, process chromatography and preparative chromatography. Each segment is further divided according to the product and service. During the forecast period, the process chromatography segment is estimated to register the highest growth rate throughout the preparative and process chromatography market. This is mainly due to the increased production of monoclonal antibodies in biotechnology and the pharmaceutical industry.
In this report, the preparative and process chromatography market is divided into five major regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The preparative and process chromatography market in the Asia Pacific is expected to register the highest growth rate during the climate. Growth in this market is driven mainly by the growing demand for chromatography processes and procedures in health sciences, biotechnology, and the food and beverage sectors and the expansion of the area of major chromatography players in this market.
The prominent players operating in the market are Thermo Fisher Scientific (US), GE Healthcare (US), Merck KGaA (Germany), Bio-Rad Laboratories (US), Agilent Technologies (US), Danaher Corporation (US), Waters Corporation (US), Novasep Holding S.A.S (France), Daicel Corporation (Japan), and Shimadzu Corporation (Japan).