Press release
Prepacked Chromatography Columns Market to Reach a Valuation of US$3.3 bn by the end of 2024
The smaller companies on the other hand, are trying to gain market shares by focusing on strategies such as providing customers with customized products, offering the products in competitive pricing, and engaging in strategic alliances so as to expand their product portfolio. A case in point would be Agilent Technologies. The company launched the Agilent 1260 Infinity II liquid chromatography system which strengthened its position in the market as this system offered improved overall usability and reduced operational costs.
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According to transparency market research, the global pre-packed chromatographic columns market will be worth US$3.3 bn by 2024. On the basis of geography, it is expected that North America will continue to lead in the global pre-packed chromatographic columns market. Asia Pacific is also expected to expand at an accelerated pace in the years to come. By end use, the pharmaceutical biotechnology is exhibiting a high demand for pre-packed chromatography columns. The analytical laboratories segment is also expected to be a key consumer of prepacked chromatographic columns.
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Protein Purification Segment to Witness Highest Growth Rate
On the basis of application, the highest growth rate is witnessed by the protein purification segment whereas sample preparation segment has been leading in the market. On the basis of product type, the global prepaid chromatographic columns market is led by >1L segment. This segment is also expected to expand at the fastest pace as compared to any other segments during the forecast period.
Versatility of Prepacked Chromatography Columns to Generate High Demand from Across Industries
According to TMR, “one of the key factors boosting the growth of the global pre-packed chromatographic columns market is its versatility and suitability across industries in order to detect and separate organic molecules and components.” A significant role is played by pre-packed chromatographic columns in the production of biopharmaceutical products, research, chemicals, forensics, food and beverage, biotechnology, and agriculture. As the application area of these columns is extremely wide, the global pre-packed chromatographic columns market is expected to continue to grow.
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High Price May Restrict Market’s Growth
In addition to this the increasing number of monoclonal antibodies which are being used for clinical trials driving the growth to market. The number of monoclonal antibodies which have been approved for therapeutic applications is also increasing and this is favouring the global pre-packed chromatographic columns market. On the other hand, the high price of pre-packed chromatographic columns may act as the restraining factor which will slow down the growth of this market. Also, there are limitations as a result of plugging and fouling which will also impact the market negatively.
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