Chromatography Resin Industry Sizein Drug Discovery

Chromatography Resin Market in Drug Discovery worth 401.1 Million USD by 2022

The report "Chromatography Resin Market in Drug Discovery by Type (Natural, Synthetic, Inorganic Media), Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multi-Modal), and Region - Global Forecast to 2022", was valued at USD 272.9 Million in 2016, and is projected to grow at a CAGR of 6.65% from 2017 to 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022.

Browse 101 market data Tables and 37 Figures spread through 161 Pages and in-depth TOC on "Chromatography Resin Market in Drug Discovery by Type (Natural, Synthetic, Inorganic Media), Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multi-Modal), and Region - Global Forecast to 2022"
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The rising demand for therapeutic antibodies is the main driver behind the growth in the industry. Major pharmaceutical companies are actively engaged in the research and development of therapeutic antibodies. One crucial step in purifying monoclonal antibodies involves the removal of anionic impurities like nucleic acids and endotoxins using anion exchange chromatography. Therefore, the crucial role of chromatography techniques in the advancement of monoclonal antibodies is anticipated to propel the chromatography resin market.

Natural polymers are the largest chromatography resin type of chromatography resin market.

Chromatography techniques employ natural polymers obtained from living cells, such as plant and bacteria cells. Commonly used natural polymer resins in chromatography applications include agarose, cellulose, and dextran. Chitosan is also utilized as a resin in certain ion chromatography applications. These natural polymeric resins are primarily composed of polysaccharides. The significant advantage of these natural polymers lies in their hydrophilic nature, which stems from the abundance of hydroxyl groups in their structure. These characteristics contribute to the increasing demand for chromatography resin made from natural polymers.

Ion Exchange is projected to be the largest technique in the chromatography resin market in terms of volume during the forecast period between 2023 and 2028.

In 2022, IEX chromatography emerged as the leading technique in the global market for chromatography resin, accounting for the highest volume share. Ion exchange chromatography involves the separation of molecules through reversible ionic interactions between the analyte molecules and the stationary resin, which possesses an opposite charge. Usually, the stationary resin consists of a cross-linked polymer matrix, such as agarose, to which a functional group is attached. The significant growth of IEX chromatography, primarily driven by the pharmaceutical sector, contributed to its dominant position in terms of volume share.

 Pharmaceutical & Biotechnology is estimated to be the fastest-growing application of the chromatography resin market in terms of value during the forecast period.

The growth of the abovementioned segment can be attributed to various key factors. These factors include an increase in research and development activities focusing on therapeutic areas like cancer, HIV/AIDS, and immunodeficiency disorders. Technological advancements in biotechnology research and the emphasis placed by pharmaceutical and biotechnology companies on expanding their product pipelines also contribute to the growth. The rising number of drug discovery and clinical trial projects, as well as the expiration of patents for blockbuster drugs and biomolecules, further drive the segment's expansion. Moreover, the availability of funding from both government and corporate sources for biotechnology and pharmaceutical research plays a significant role. The growth of the pharmaceutical industry as a whole and the presence of strict regulatory guidelines for drug development and safety act as additional driving factors for this segment's growth.

Asia Pacific is projected to be the fastest-growing market for chromatography resin during the forecast period.

The Asia Pacific region is expected to experience significant market growth, making it the fastest-growing market in terms of value during the forecast period. Many leading pharmaceutical companies are establishing research and development centers in these countries due to the economic advantages and the presence of skilled professionals. The increasing focus on food safety and growing investments in pharmaceutical and life science research are contributing to the rising demand for chromatography resin in this region.

The ecosystem of the chromatograhy resin market in drug discovery comprises distributors/suppliers of chromatography resins. 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.), Purolite Corporation (U.S.), and Thermo Fisher Scientific Inc. (U.S.).

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Chromatography Resin Market Size,  Share & Growth Report
Report Code
CH 3328
PR Published ON
3/25/2017
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