Membrane Chromatography Market – Analysis and Demand with Forecast Overview to 2029.
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The membrane chromatography market accounted for US$ 198 million in 2020 and is estimated to be US$ 736.9 million by 2029 and is anticipated to register a CAGR of 15.7%.
The report "Global Membrane Chromatography Market, By Product (Consumables and Accessories), By Technique (Ion Exchange Membrane Chromatography, Affinity Membrane Chromatography, and Hydrophobic Interaction Membrane Chromatography), By Operation Mode (Flow-through Membrane Chromatography and Bind-elute Membrane Chromatography), By End-user (Pharmaceutical and Biopharmaceutical Companies, CROs, and Academic and Research Institutes), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Key Highlights:
- In March 2020, Thermo Fisher Scientific , a US-based healthcare technology firm invested more than US$475m in 2020 to enhance its new biologics, cell and gene therapies and drug products capabilities.
- In March 2019, Sartorius Stedim Biotech partnered with Novasep. The collaboration is intended to develop innovative chromatography systems that integrate Sartorius Stedim Biotech’s single-use technology and Novasep’s BioSC platform.
Analyst View:
Growing demand from biopharmaceuticals
The adoption of disposable technologies in biopharmaceutical industries has been increased rapidly including modules for chromatography. This has led to rising environmental concerns regarding solid plastic waste being generated from their use. Disposable membrane chromatography considerably diminishes the need for water load. This is mainly attributed due to the hydrodynamic benefit which has reduced the overall process time, energy consumption, and labor requirement. In addition, membrane chromatography can be used as a disposable device while maintaining a product with the required purity. Hence, the growing demand for membrane chromatography from the biopharmaceutical industry has projected to influence the positive growth of the market over the forecast period.
Lack of Skilled Professionals
The rapid growth in the membrane chromatography instruments market has resulted in a demand for expert technicians. However, despite regardless of technological innovation and several advantages of the technique, the requirement of skilled labor is an issue. The standardized protocols and techniques regarding the maintenance of instruments require skilled technicians. In addition, these techniques require must relate computer calculations with system conditions and large amounts of analysis to avoid human error within the data. Thus, the lack of skilled professionals to operate instruments and conduct analysis may pose a major challenge to global market growth.
Key Market Insights from the report:
The global membrane chromatography market accounted for US$ 198 million in 2020 and is estimated to be US$ 736.9 million by 2029 and is anticipated to register a CAGR of 15.7%. The market report has been segmented on the basis of product, technique, operation mode, end-user, and region.
- Depending upon product, the consumables segment is further divided into capsules, cassettes, and cartridges, syringe filters, filter plates, spin columns, membrane discs and sheets, and other consumables. Among these, capsules, cassettes, and cartridges product dominated the target market in 2019, owing to growing use of capsules and cartridges for purification applications in bio manufacturing, lab-scale production, and process development.
- Depending upon the technique, the ion exchange membrane chromatography segment estimated for highest share in 2019, owing to its advantages such as accuracy, reliability, and precision, high separation efficiency, speed high and selectivity, scalability, and low cost of disposables and consumables.
- In terms of operation mode, the flow-through membrane chromatography led the global market segment owing to its use in the monoclonal antibody polishing process. Benefits associated with are high flow rate, low buffer consumption, reduced mass transfer resistance, and elimination of cost related to the packing and cleaning of columns.
- In terms of end-user, the pharmaceutical and biopharmaceutical companies segment estimated for the highest market share in 2019, due to the increased production of biologics and increased R&D in pharmaceutical and biopharmaceutical companies.
- By region, North America estimated the highest market share in 2019, followed by Europe. Rising demand for biopharmaceuticals, growing D expenditure by biopharmaceutical companies, and the well-established biopharmaceutical industry in this region are the major factors boosting the growth of the global membrane chromatography market.
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Competitive Landscape:
The prominent player operating in the global membrane chromatography market includes Sartorius AG, Danaher Corporation, Thermo Fisher Scientific, Merck Millipore, 3M Company, Asahi Kasei Corporation, Restek Corporation, GVS Group, Membrane Solutions LLC, Purilogics, Regis Technologies Inc., A Cole-Parmer Instrument Company, and GL Sciences, Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered
- Introduction
- Study Deliverables
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Opportunity Map Analysis
- Market at Glance
- Market Share (%) and BPS Analysis, by Region
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Investment Analysis
- Competitive Analysis
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