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Chromatography Resins Market in Drug Discovery worth $359.88 Million by 2020
The report "Chromatography Resins Market in Drug Discovery by Technique (Ion Exchange, Affinity (Protein A, G & L), Hydrophobic Interaction, Size Exclusion, Multi Modal and Others) & Geography - Global Market Trends & Forecasts to 2020", defines and segments the global chromatography resins market in drug discovery with analysis and forecasting in terms of volume and value. The chromatography resins market in drug discovery value is expected to grow from an estimated $238.07 Million in 2014 to $359.88 Million by 2020, with a CAGR of 7.0% between 2015 and 2020.
Browse 83 market data tables with 60 figures spread through 160 pages and in-depth TOC on "Chromatography Resins Market in Drug Discovery by Technique (Ion Exchange, Affinity (Protein A, G & L), Hydrophobic Interaction, Size Exclusion, Multi Modal and Others) & Geography - Global Market Trends & Forecasts to 2020"
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The chromatography resins market in drug discovery is projected to grow at a CAGR of 7.0% between 2015 and 2020, in terms of value. In terms of value, the largest technique of chromatography is affinity followed by ion exchange. The demand for affinity chromatography is mainly driven by the sub-type Protein A resins. The demand for protein A affinity chromatography is on the rise due to the increase in demand for monoclonal anti-bodies. The protein A affinity is largely consumed in Europe and North America.
The demand of chromatography resins for drug discovery is the highest in the North American region. The demand of chromatography resins for drug discovery in the region accounts for almost 50.0% of the total market in 2014 in terms of value. The increased investment in research and development by the key biopharmaceutical companies is the major driver of chromatography demand in North America. The U.S. FDA has started approving biosimilars which has triggered the growth of research and development in key therapeutic areas such as oncology, Alzheimer’s, and other critical diseases.
The top companies in the chromatography resins market in drug discovery include General Electric Company (U.S.), Pall Corporation (U.S.), Merck KGaA (Germany) and Tosoh Corporation (Japan) among others. The chromatography resins market in drug discovery recorded a number of new product launches and research and development activities in the recent past.
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