Life Science Boom Drives Chromatography Columns: Market to Reach $18.54 Billion by 2030 (North America Leads) | Pre-Packed, Protein Purification, R&D Focus

Market Overview

The Chromatography Columns Market, valued at USD 12.5 billion in 2022, is forecasted to grow from USD 13.22 billion in 2023 to USD 18.54 billion by 2030, with a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2030).

Several market drivers are fueling this growth, including rising costs in life science research and development, heightened demand for biopharmaceutical products, and increased manufacturing of monoclonal antibodies. These factors, among others, are contributing to the expansion of the chromatography columns market.

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Market Trends

The growth of the chromatography columns market is primarily fueled by their increasing utilization across various industries, notably pharmaceutical, biotechnology, and others. Government initiatives, including increased spending and financing, have encouraged the adoption of advanced chromatographic techniques in pharmaceutical and biotechnology sectors, driving market expansion. Subsidies provided by governing authorities have also contributed to the accelerated growth of the market.

Expansion in monoclonal antibody manufacturing and the rising demand for biopharmaceutical products are key drivers expected to fuel market growth. The expansion of protein and monoclonal antibody therapies, process development, and efficient purification of biological pharmaceuticals will further drive market expansion. Increasing research activities present growth opportunities, with significant investments in R&D by life science companies and chromatography studies playing a crucial role in medication approval processes, offering attractive market prospects. Additionally, the rising costs of life sciences research and development contribute to the market's Compound Annual Growth Rate (CAGR).

The market is projected to expand due to growing demand for pharmaceutical products of high quality meeting international standards. Moreover, the advantages offered by prepackaged chromatography columns, such as lower labor costs, operational flexibility, reduced time consumption, and increased productivity, are expected to drive market expansion throughout the forecast period.

Competitive Insights

Key Companies in the Chromatography Columns market include:

Merck KGaA (Germany)
Thermo Fisher Scientific Inc. (US)
Agilent Technologies Inc. (US)
Daicel Corporation (Japan)
Shimadzu Corporation (Japan)
PerkinElmer Inc. (US)
Bio-Rad Laboratories Inc. (US)
Biotage (Sweden)
Waters (US)
KNAUER WissenschaftlicheGeräte GmbH (Germany)
Tosoh Corporation (Japan)

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Regional Analysis:

North America: Expected to dominate the chromatography columns market in 2020, attributed to the presence of key players, increasing investments in Research and Development (R&D), and rising drug development activities.

Europe: Likely to account for a significant share in the chromatography columns market due to supportive government initiatives and rising R&D investments.

Asia-Pacific: Anticipated to be the fastest-growing market during the forecast period, driven by improving healthcare infrastructure, increasing R&D expenditure, and rising disease burden.

Rest of the World: Expected to grow at a comparatively lower Compound Annual Growth Rate (CAGR) due to low R&D expenditure and inadequate healthcare infrastructure. However, government initiatives to introduce technological advancements and the expansion of R&D capabilities by global players are likely to provide growth opportunities in the region.

Segmentation:

By Column Type: Segmented into normal phase chromatography columns, pre-packed chromatography columns, and automated chromatography columns. The pre-packed chromatography columns sub-segment is expected to hold the largest market share in 2021 due to its ease and time-saving capabilities.

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By Chromatography Type: Segmented into ion-exchange chromatography, affinity chromatography, gas chromatography, size exclusion chromatography, and others. The affinity chromatography segment is expected to hold the largest share due to its high demand in the purification of molecules such as proteins and monoclonal antibodies.

By Application: Segmented into anion and cation exchange, sample preparation, resin screening, protein purification, and desalting. The protein purification segment is expected to hold the major share due to advancements in protein engineering and proteomics.

By End Users: Segmented into research institutes, pharmaceutical biotechnology companies, food & beverage manufacturers, and others. The pharmaceutical biotechnology companies segment held the largest segment share, driven by extensive R&D efforts and funding in the development of therapeutics.

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