Chromatography Resin Market by Type (Natural, Synthetic, Inorganic media), Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multi-Modal), Application (Pharmaceutical & Biotechnology, Food & Beverage) - Global Forecast to 2021

The market for chromatography resin was valued at USD 1.61 Billion in 2015, and is projected to grow at a CAGR of 7.41% from 2016 to 2021. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

The objectives of the report are as follows:

• To define, segment, and project the size of the global chromatography resin market on the basis of type, technique, application, and region
• To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To project the size of the market in terms of value and volume, with respect to four main regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and RoW
• To strategically profile key players and comprehensively analyze their core competencies
• To track and analyze competitive developments such as new product launches, contracts & agreements, expansion, joint ventures, and mergers & acquisitions and in the chromatography resin market

The research methodology used to estimate and project the market size included the ‘top-down’ and ‘bottom-up’ approaches. The total size of the chromatography resin market was calculated and accordingly, weightages were provided for various segments. This was done on the basis of extensive primary interviews and secondary research based on the information available on websites of various associations such as Chinese American Chromatography Association, Chromatography Society, and International Association for the Advancement of High Performance Thin Layer Chromatography (HPTLC Association). Primary research conducted for this report included extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the chromatograhy resin market comprises distributors/suppliers of chromatography resin. Some of the major companies operating in this market are Bio-Rad Laboratories Inc. (U.S.), GE Healthcare (U.S.), Tosoh Corporation (Japan), Merck KGaA (U.S.), Pall Corporation (U.S.), Avantor Performance Materials Inc. (U.S.), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (U.S.), Repligen Corporation (U.S.), and Thermo Fisher Scientific Inc. (U.S.).

Target audience:

• Chromatography resin Manufacturers, Distributors, and Suppliers
• End-use Markets such as Pharmaceutical & Biotechnology, Food & Beverage, and Water & Environmental Analysis
• Government and Research Organizations
• Raw Material and Equipment Suppliers
• Associations and Industry Bodies
• Consulting Companies
• Investment Banks

“The study answers several questions for the stakeholders: primarily, which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments.”

Scope of the Report

The research report categorizes the chromatography resin market into the following segments:

Type:

• Natural Polymer
• Synthetic Polymer
• Inorganic Media

Technique:

• Ion Exchange
• Affinity
• Hydrophobic Interaction
• Size Exclusion
• Multi-modal
• Others

Application

• Pharmaceutical & Biotechnology
• Food & Beverage
• Water & Environmental Analysis
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the client-specific needs.

• Chromatography resin market, by  other countries in the Rest of Asia-Pacific, Rest of Europe
• Chromatography resin market, sub-applications by countries

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Year Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Market Size Estimation: Bottom-Up Approach
           2.2.2 Market Size Estimation: Top-Down Approach
    2.3 Data Triangulation
           2.3.1 Chromatography Resin Market: Data Triangulation
           2.3.2 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in Chromatography Resin Market
    4.2 Chromatography Resin Market, By Region
    4.3 Chromatography Resin Market in North America
    4.4 Chromatography Resin Market Attractiveness
    4.5 Chromatography Resin Market, By Application
    4.6 Chromatography Resin Market: Developing vs Developed Countries

5 Market Overview (Page No. - 33)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Increasing Demand for Therapeutic Antibodies
                    5.1.1.2 Increasing R&D in Biopharmaceuticals
                    5.1.1.3 Increasing Use of Chromatography as A Separation Technique in Food & Beverage Industry
           5.1.2 Restraints
                    5.1.2.1 High Cost of Affinity Resin
                    5.1.2.2 Lack of Adequate Skilled Professionals
           5.1.3 Opportunities
                    5.1.3.1 Increasing Number of Cmos and Cros in Pharmaceutical Industry
                    5.1.3.2 Increasing Demand for Biosimilars
                    5.1.3.3 Growing Demand for Disposable Pre-Packed Columns
                    5.1.3.4 Increasing Use of Liquid Chromatography-Mass Spectrometry in Analytics and Research
    5.2 Porter’s Five Forces Analysis
           5.2.1 Threat of Substitutes
           5.2.2 Bargaining Power of Suppliers
           5.2.3 Bargaining Power of Buyers
           5.2.4 Threat of New Entrants
           5.2.5 Intensity of Competitive Rivalry
    5.3 Macroeconomic Indicators
           5.3.1 GDP Growth Rate Forecasts of Major Economies
           5.3.2 General Healthcare Industry Trends
           5.3.3 Contribution of Healthcare Industry in Asia-Pacific GDP
           5.3.4 Contribution of Healthcare Industry in North American GDP
           5.3.5 Contribution of Healthcare Industry in Europe GDP
           5.3.6 Growing Food Diagnostics Industry
                    5.3.6.1 Global Food Diagnostics Industry, 2012-2016 (USD Million)
           5.3.7 Growth in the Global Beverage and Dairy Industries

6 Chromatography Resin Market, By Type (Page No. - 49)
    6.1 Introduction
    6.2 Market Size and Forecast, By Type
    6.3 Natural Polymer
    6.4 Synthetic Polymer
    6.5 Inorganic Media

7 Chromatography Resin Market, By Technique (Page No. - 53)
    7.1 Introduction
    7.2 Ion Exchange Chromatography
           7.2.1 Cation Exchange Chromatography
           7.2.2 Anion Exchange Chromatography
    7.3 Affinity Chromatography
           7.3.1 Bio-Specific Ligand-Based Affinity Chromatography
                    7.3.1.1 Protein A Affinity
                    7.3.1.2 Protein G Affinity
                    7.3.1.3 Protein L Affinity
                    7.3.1.4 Lectin L Affinity
                    7.3.1.5 Others
           7.3.2 Pseudo Bio-Specific Ligand-Based Affinity Chromatography
                    7.3.2.1 Imac
                    7.3.2.2 Dye Ligands-Based
                    7.3.2.3 Others
    7.4 Hydrophobic Interaction Chromatography
    7.5 Size Exclusion Chromatography
           7.5.1 Market Size and Forecast, By Region
    7.6 Multi-Modal Chromatography
           7.6.1 Market Size and Forecast, By Region
    7.7 Others
           7.7.1 Partition Chromatography
           7.7.2 Adsorption Chromatography

8 Chromatography Resin Market, By Application (Page No. - 68)
    8.1 Introduction
    8.2 Market Size and Forecast, By Application
    8.3 Pharmaceutical & Biotechnology
           8.3.1 Production
           8.3.2 Academics & Research
    8.4 Food & Beverage
    8.5 Water & Environmental Analysis
    8.6 Others

9 Chromatography Resin Market, By Region (Page No. - 74)
    9.1 Introduction
           9.1.1 Market Size and Forecast, By Region
    9.2 North America
           9.2.1 Market Size and Forecast, By Country
           9.2.2 U.S.
           9.2.3 Canada
           9.2.4 Mexico
    9.3 Europe
           9.3.1 Market Size and Forecast, By Country
           9.3.2 Germany
           9.3.3 Scandinavia
           9.3.4 U.K.
           9.3.5 Austria & Switzerland
           9.3.6 Spain
           9.3.7 Italy
           9.3.8 France
           9.3.9 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 Market Size and Forecast, By Country
           9.4.2 Japan
           9.4.3 China
           9.4.4 Australia & New Zealand
           9.4.5 India
           9.4.6 South Korea
           9.4.7 Rest of Asia-Pacific
    9.5 RoW
           9.5.1 Market Size and Forecast, By Country
           9.5.2 Brazil
           9.5.3 Middle East & Africa

10 Competitive Landscape (Page No. - 110)
     10.1 Market Share Analysis
     10.2 Competitive Benchmarking

11 Company Profiles (Page No. - 112)
(Overview, Products and Services, Financials, Strategy & Development)*
     11.1 GE Healthcare
     11.2 Tosoh Corporation
     11.3 Bio-Rad Laboratories, Inc.
     11.4 Merck KGaA
     11.5 Pall Corporation
     11.6 Avantor Performance Materials, Inc.
     11.7 Mitsubishi Chemical Corporation
     11.8 Purolite Corporation
     11.9 Repligen Corporation
     11.10 Thermo Fisher Scientific Inc.
     11.11 Other Key Players

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 138)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details

List of Tables (94 Tables)

Table 1 Advantages of Pre-Packed Columns
Table 2 Applications of LC-MS Technology
Table 3 Trends and Forecast of GDP Growth Rate, 2016–2020
Table 4 Contribution of Healthcare Industry in Asia-Pacific GDP, USD Trillion (2012–2014)
Table 5 Contribution of Healthcare Industry in North America GDP, USD Trillion (2013–2015)
Table 6 Contribution of Healthcare Industry in Europe GDP, USD Trillion (2012–2014)
Table 7 Chromatography Resin Market Size, By Type, 2014–2021 (USD Million)
Table 8 Natural Polymer: Sources of Production
Table 9 Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 10 Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 11 IEX Chromatography Technique, By Region, 2014–2021 (Liter)
Table 12 IEX Chromatography Technique, 2014–2021 (USD Million)
Table 13 Cation Exchange Chromatography Resins: Ligand Functional Groups
Table 14 Anion Exchange Chromatography Resins: Ligand Functional Groups
Table 15 IEX Chromatography Technique Market Size, By Type of Charge, 2014–2021 (Liter)
Table 16 IEX Chromatography Market Size, By Type of Charge, 2014–2021 (USD Million)
Table 17 Affinity Chromatography Resins: Ligands
Table 18 Affinity Chromatography Technique, By Region, 2014–2021 (Liter)
Table 19 Affinity Chromatography Technique, By Region, 2014–2021 (USD Million)
Table 20 Affinity Chromatography: Ligands
Table 21 Affinity Chromatography Market Size, By Type of Ligand Interactions, 2014–2021 (USD Million)
Table 22 HIC Technique, By Region, 2014–2021 (Liter)
Table 23 HIC Technique, By Region, 2014–2021 (USD Million)
Table 24 SEC Technique, By Region, 2014–2021 (Liter)
Table 25 SEC Technique, By Region, 2014–2021 (USD Million)
Table 26 Multi-Modal Chromatography Technique, By Region, 2014–2021 (Liter)
Table 27 Multi-Modal Chromatography Technique, By Region, 2014–2021 (USD Million)
Table 28 Other Chromatography Techniques, By Region, 2014–2021 (Liter)
Table 29 Other Chromatography Techniques, By Region, 2014–2021 (USD Million)
Table 30 Chromatography Resin Market Size, By Application, 2014–2021 (USD Million)
Table 31 Chromatography Resin Market Size in Pharmaceutical & Biotechnology Segment, By Region, 2014–2021 (USD Million)
Table 32 Chromatography Resin Market Size in Food & Beverage Segment, By Region, 2014–2021 (USD Million)
Table 33 Chromatography Resin Market Size in Water & Environmental Analysis Segment, By Region, 2014–2021 (USD Million)
Table 34 Chromatography Resin Market Size in Others Segment, By Region, 2014–2021 (USD Million)
Table 35 Chromatography Resin Market Size, By Region, 2014–2021 (Liter)
Table 36 Chromatography Resin Market Size, By Region, 2014–2021 (USD Million)
Table 37 North America: Chromatography Resin Market Size, By Country, 2014–2021 (Liter)
Table 38 North America: Chromatography Resin Market Size, By Country, 2014–2021 (USD Million)
Table 39 North America: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 40 North America: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 41 North America: Chromatography Resin Market Size, By Application, 2014–2021 (USD Million)
Table 42 U.S.: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 43 U.S.: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 44 Canada: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 45 Canada: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 46 Mexico: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 47 Mexico: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 48 Europe: Chromatography Resin Market Size, By Country, 2014–2021 (Liter)
Table 49 Europe: Chromatography Resin Market Size, By Country, 2014–2021 (USD Million)
Table 50 Europe: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 51 Europe: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 52 Europe: Chromatography Resin Market Size, By Application, 2014–2021 (USD Million)
Table 53 Germany: Chromatography Resin Market Size, By Technique, 2014–2021(Liter)
Table 54 Germany: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 55 Scandinavia: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 56 Scandinavia: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 57 U.K.: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 58 U.K.: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 59 Austria & Switzerland: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 60 Austria & Switzerland: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 61 Spain: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 62 Spain: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 63 Italy: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 64 Italy: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 65 France: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 66 France: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 67 Rest of Europe: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 68 Rest of Europe: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 69 Asia-Pacific: Chromatography Resin Market Size, By Country, 2014–2021 (Liter)
Table 70 Asia-Pacific: Chromatography Resin Market Size, By Country, 2014–2021 (USD Million)
Table 71 Asia-Pacific: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 72 Asia-Pacific: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 73 Asia-Pacific: Chromatography Resin Market Size, By Application, 2014–2021 (USD Million)
Table 74 Japan: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 75 Japan: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 76 China: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 77 China: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 78 Australia & New Zealand: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 79 Australia & New Zealand: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 80 India: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 81 India: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 82 South Korea: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 83 South Korea: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 84 Rest of Asia-Pacific: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 85 Rest of Asia-Pacific: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 86 RoW: Chromatography Resin Market Size, By Country, 2014–2021 (Liter)
Table 87 RoW: Chromatography Resin Market Size, By Country, 2014–2021(USD Million)
Table 88 RoW: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 89 RoW: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Million)
Table 90 RoW: Chromatography Resin Market Size, By Application, 2014–2021 (USD Thousand)
Table 91 Brazil: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 92 Brazil: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)
Table 93 Middle East & Africa: Chromatography Resin Market Size, By Technique, 2014–2021 (Liter)
Table 94 Middle East & Africa: Chromatography Resin Market Size, By Technique, 2014–2021 (USD Thousand)

List of Figures (41 Figures)

Figure 1 Chromatography Resin: Market Segmentation
Figure 2 Chromatography Resin Market: Research Design
Figure 3 Synthetic Polymer Chromatography Resin to Register the Highest CAGR Between 2016 and 2021
Figure 4 Affinity Chromatography Accounted for the Highest Share in 2015
Figure 5 Pharmaceutical & Biotechnology to Register the Highest CAGR During Forecast Period
Figure 6 China to Register the Highest CAGR Between 2016 and 2021
Figure 7 Chromatography Resin Market to Register the Highest CAGR Between 2016 and 2021
Figure 8 North America to Be the Dominant Chromatography Resin Market
Figure 9 U.S. Accounted for the Largest Share in North America
Figure 10 China to Register the Highest CAGR During Forecast Period
Figure 11 Pharmaceutical & Biotechnology Production Segment to Register the Highest CAGR During Forecast Period
Figure 12 China and India to Be Lucrative Markets for Chromatography Resin
Figure 13 Annual Approvals of MAB and Its Related Products in the U.S. and Europe, 2003–2016
Figure 14 MABS Therapeutics Market Growth, 2015–2020
Figure 15 Spending on Biopharmaceutical Research, 2005–2020 (USD Billion)
Figure 16 Pharmaceutical Contract Manufacturing Market Growth, 2015–2020
Figure 17 Biosimilars Market Growth, 2016–2021
Figure 18 Porter’s Five Forces Analysis
Figure 19 Contribution of Healthcare Industry to GDP in China, 2012-2014 (USD Trillion)
Figure 20 Contribution of Healthcare Industry to GDP in the U.S., 2012-2014 (USD Trillion)
Figure 21 Contribution of Healthcare Industry to GDP in Germany, 2012-2014 (USD Trillion)
Figure 22 Synthetic Polymer to Register the Highest CAGR During Forecast Period
Figure 23 Multi-Modal to Register the Highest CAGR During Forecast Period
Figure 24 Pharmaceutical & Biotechnology Segment to Register the Highest CAGR Between 2016 and 2021
Figure 25 Asia-Pacific to Register the Highest CAGR During Forecast Period
Figure 26 North American Market Snapshot: U.S. Accounts for the Largest Share in Chromatography Resin Market
Figure 27 European Market Snapshot: Germany to Lead the Market During Forecast Period
Figure 28 Asia-Pacific Market Snapshot: China to Register the Highest CAGR Between 2016 and 2021
Figure 29 RoW Market Snapshot: Brazil is the Largest Market
Figure 30 GE Healthcare: Company Snapshot
Figure 31 GE Healthcare: SWOT Analysis
Figure 32 Tosoh Corporation: Company Snapshot
Figure 33 Tosoh Corporation: SWOT Analysis
Figure 34 Bio-Rad Laboratories, Inc.: Company Snapshot
Figure 35 Bio-Rad Laboratories, Inc.: SWOT Analysis
Figure 36 Merck KGaA: Company Snapshot
Figure 37 Merck KGaA: SWOT Analysis
Figure 38 Pall Corporation: Company Snapshot
Figure 39 Pall Corporation: SWOT Analysis
Figure 40 Repligen Corporation: Company Snapshot
Figure 41 Thermo Fisher Scientific Inc.: Company Snapshot

MarketsandMarkets projects that the market for chromatography resin will grow from USD 1.72 Billion in 2016 to USD 2.46 Billion by 2021, at a CAGR of 7.41% from 2016 to 2021. The chromatography resin market is expected to grow during the forecast period, because of rising demand from pharmaceutical & biotechnology, food & beverage, and water & environmental analysis applications.

The chromatography resin market is segmented on the basis of type, technique, application, and region. The ion exchange chromatography segment is estimated to be the most widely used technique. The high share of this segment, in terms of volume, can be attributed to the increasing demand for this technique in the pharmaceutical industry.

On the basis of application, the market is segmented into pharmaceutical & biotechnology, food & beverage, water & environmental analysis, and others (genetic engineering, diagnostics, and biochemistry). The pharmaceutical & biotechnology segment is projected to grow at the highest CAGR, due to increasing use of monoclonal antibodies in key therapeutic areas, such as oncology, tuberculosis, and other autoimmune diseases. The pharmaceutical & biotechnology segment accounted for the largest share of chromatography resin market. Industrial-scale purification of biopharmaceuticals and quantitative and qualitative analysis of drugs are the key application areas of chromatography resin. Chromatography is increasingly used to manufacture biological drugs such as monoclonal antibodies and other recombinant proteins, which is expected to drive the chromatography resin use in pharmaceutical & biotechnology.

On the basis of region, the market for chromatography resin is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The chromatography resin market in Asia-Pacific is projected to grow at the highest rate from 2016 to 2021, owing to the growth of generic drugs and biosimilars in countries, such as China, India, and South Korea.

The key constraint for the growth of the chromatography resin market is the lack of adequate skilled professionals. The pharmaceutical industry is currently witnessing a shortage of skilled professionals to operate chromatography instruments and perform the techniques according to the industry requirements. The chromatography market has witnessed rapid technological advancements in the recent years. Therefore, the proper usage of the modern chromatography equipment requires expertise, relevant experience, and knowledge of different chromatography techniques.

New product launches, expansion, contracts & agreements, and acquisitions were the major strategies adopted by the most players in the market. Companies such as, General Electric Company (U.S.), Merck KGaA (Germany), Pall Corporation (U.S.), Bio-Rad Laboratories Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), and Tosoh Corporation (Japan) were the key players who adopted these strategies to increase their customer bases and widen their product portfolio. Companies aim to widen their product portfolio and the geographic presence further to cater to the increasing demand of their end customers.

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