The major players operating in the global hydrophobic interaction chromatography market are GE Healthcare (US), Thermo Fisher (US), Bio-Rad Laboratories (US), and Sartorius (Germany). The global hydrophobic interaction chromatography market is projected to reach USD 418.2 million in 2023 from USD 291.3 million in 2018, at a CAGR of 7.5%. The growth of the hydrophobic interaction chromatography market can be attributed to the increasing demand for monoclonal antibodies and increasing R&D expenditure by biopharmaceutical companies.
Acquisitions accounted for the largest share of the overall strategic developments in the hydrophobic interaction chromatography market. GE Healthcare, Avantor, and Danaher adopted this strategy to expand their global presence.
GE Healthcare is one of the leading players operating in the hydrophobic interaction chromatography market. The company has a strong geographic presence across the Americas, Asia, Europe, and the Middle East & Africa. GE Healthcare adopted inorganic strategies to dominate the hydrophobic interaction chromatography market. For instance, in 2017, GE Healthcare collaborated with Arven Pharmaceutical to improve its manufacturing platform and regional access. GE Healthcare’s wide range of products helps it to maintain a strong foothold in the market.
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Tosoh Corporation is a key player operating in the hydrophobic interaction chromatography market. The company offers key HIC resin products, which helps it to create a strong position in this market. Tosoh is continuously investing in R&D activities and product innovation to address customer requirements. For instance, in 2016, the company launched the TOYOPEARL Sulfate-650F resin product to meet consumer demand. The company also has a strong geographic network in the Asia Pacific region, making Tosoh an important player in this high-growth market.
Merck is a prominent player operating in the market. The company has a strong geographic presence across the Americas, Europe, Japan, Asia Pacific, and the Middle East and Africa (MEA). It offers a wide range of products for hydrophobic interaction chromatography applications. Over the past three years, Merck focused on organic strategies to maintain its position in this market, such as service launches. For instance, in 2017, it launched services for the development of antibody-drug conjugates.
Hydrophobic Interaction Chromatography Market by Product & Services (Resin, Columns (Empty, Prepacked), Buffer), Sample (Monoclonal Antibodies, Vaccines), End User (Pharmaceutical Companies, CROs & CMOs, Research Institutes) - Global Forecast to 2023
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