Thermo Fishers Scientific Inc. (US), Merck KGaA (Germany) and Danaher Corporation (US) are Leading Players in the Preparative and Process Chromatography Market
The preparative and process chromatography market is projected to reach USD 12.8 billion by 2026 from USD 9.3 billion in 2021, at a CAGR of 6.7% from 2021 to 2026. Preparative chromatography is used to isolate and recover pure molecules or compounds in their original state, while process chromatography is used for large-scale separation of various compounds. The preparative chromatography technique is widely used in the pharmaceutical industry to purify molecules by separating them from their impurities. Factors such as the increasing demand for insulin and other biopharmaceutical products, high demand for omega-3 fatty acids, increasing awareness about the advancements in preparative and process chromatography, increasing food safety concerns, and growing government investments for synthetic biology and genome projects are supporting the growth of this market. The Asia Pacific market is estimated to be the fastest-growing regional market, mainly due to the growing pharmaceuticals industry in the region. Moreover, the availability of advanced facilities and low-cost labor attracts many market players to set up research & development/manufacturing facilities in the region.
The preparative and process chromatography market is highly consolidated in nature, with few well-established players operating in the overall market. The major players operating in this market are Thermo Fisher Scientific, Inc. (US), Danaher Corporation (US), Merck KGaA (Germany), Bio-Rad Laboratories, Inc. (US), Agilent Technologies (US), Shimadzu Corporation (Japan), Waters Corporation (France), Novasep Holding S.A.S. (France), Daicel Corporation (Japan), PerkinElmer, Inc. (US), Hitachi High-Tech Corporation (Japan), GL Sciences, Inc. (Japan), Sartorius AG (Germany), Repligen Corporation (US), and Trajan Scientific and Medical (Australia).
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Thermo Fishers Scientific Inc. (US)
Thermo Fisher Scientific Inc. (US) is a leading player in the preparative and process chromatography market, accounting for a considerable share of 20.3% in 2020. The company’s strong position in the market can be primarily attributed to its product portfolio. The company offers a wide range of chromatography products ranging from consumables to sophisticated systems. Besides, the company also has a strong geographic presence, which is the main factor for the company’s strong customer base. The company serves more than 400,000 customers in pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies, as well as environmental, industrial quality, and process control settings.
Merck KGaA (Germany)
Merck KGaA (Germany) held the second position in the preparative and process chromatography market in 2020, with a share of 14.5%. The company operates through the Life Sciences segment in the preparative and process chromatography market. Life Sciences is further categorized into, Process Solutions, Research Solutions, and Applied Science. The Life Sciences segment has recorded a growth of 9.5% revenue compared to the previous year, with the largest contribution from Process Solutions (48%), followed by Research Solutions (29%). The segment witnessed a significant rise in its revenue during Q3 and Q4 (15.6% and 19.3%, respectively).
Danaher Corporation (US)
Danaher Corporation (US) held the third-largest share of 8.9% of the preparative and process chromatography market in 2020. In the preparative and process chromatography market, Danaher operates through its various subsidiaries, such as Phenomenex Inc., Cytiva, SCIEX, and Pall Corporation, through the Life Sciences segment. The company holds a strong position in the market owing to the strategies undertaken; for instance, in 2020, Danaher acquired the biopharma business unit of GE Healthcare at a deal of USD 21.4 Mn. This strategy has bought Cytiva to the forefront of the life sciences business.
Related Reports:
Preparative and Process Chromatography Market by Type (Preparative (Chemicals and Reagents, Resin (Affinity, Ion Exchange), Column, Systems (Liquid Chromatography), Services), Process), End User (Research Laboratories) - Global Forecasts to 2026
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