Chiral Chromatography Columns Market – Global Trends and Forecast to 2018
Chiral chromatography columns have assumed a position of significance for researchers and industries across the globe. Growth in the chiral chromatography columns market is likely to be centered in China, India, Japan, Korea (North and South), and Vietnam. Furthermore, the chiral chromatography columns market in Australia and New Zealand is expected to grow in the forecast period due to the increasing number of collaborations, regulatory changes in the pharmaceutical industry, and rise in the number of chromatography conferences.
China is the major generator of revenue for players in the Asian market. The growing biomedical industry, large number of chromatography conferences, and increasing presence of major chromatography companies are factors that are expected to propel the market for chiral chromatography columns in China. China’s 11th Five-Year Plan provided an impetus for advancements in technology and commercialization of materials for biomedical applications, while the 12th Five-Year Plan would provide financial suppor and government incentives to biotechnology industries in China.
India is witnessing a rise in R&D in the past few years, as well as a growing demand for chiral columns for biotechnology and pharmaceutical industry. Both sectors extensively use chiral chromatography columns. Moreover, research being conducted in Japan also makes extensive use of chromatography instruments.
The free trade agreement between Korea and the U.S. has opened opportunities in the Korean market. Vietnam, considered a dynamic emerging region in Eastern Asia by the World Bank, is showcasing improvements in industrial infrastructure. Due to this, Agilent Technologies, a leading chromatography instrumentation company, expanded its presence in Vietnam. In May 2013, Agilent opened two new offices located at Hanoi and Ho Chi Minh City. The offices were equipped to provide sales, applications, and support services to the company’s customers in Vietnam. The office at Ho Chi Minh City is a Demo Center, which is equipped with bio-analytical instruments used by scientists and researchers.
Government support is another significant factor providing impetus to the chromatography instrumentation market. Emerging regions have less stringent norms and require low capital for the development of new technologies. Various governments are undertaking several steps to further encourage R&D activities in their respective regions. For instance, the government of China is offering tax rebates to those investing in R&D in the country; thus chromatography instrumentation companies have expanded their presence in China. Also, Canada had announced an investment of up to $9.9 million for bringing innovations in the biopharmaceutical sector through the use of chromatographic techniques.
Related Reports:
Chiral Chromatography Column Market by type (Empty, Pre-packed, Analytical, Preparative), Material (Metal, Glass, Plastic), & by Application [GC, LC (HPLC, UHPLC, Flash Chromatoraphy, UFLC), TLC,SFC] - Forecast to 2018
https://www.marketsandmarkets.com/Market-Reports/chiral-chromatography-columns-market-225453435.html
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