The report is a combination of primary and secondary research. Primary research formed the bulk of our research efforts, with information collected from telephonic interviews and interactions via e-mail. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various national and international databases. The report provides market size in terms of US$ Mn for each segment for the period from 2014 to 2024, considering the macro and micro-environmental factors.
Albany, NY -- (SBWIRE) -- 04/17/2017 -- Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new report to its ever-expanding online repository of market intelligence studies. The report examines the performance of the Global Prepacked Chromatography Columns Market and presents dependable forecasts for companies looking to establish a strong foothold in the global market. The report is titled as "Global Prepacked Chromatography Columns Market - Industry Analysis, Share, Size, Growth, Trends, and Forecast 2016 – 2024". Column chromatography is a widely used technique in organic chemistry to separate molecules constituting compounds and mixtures. It is frequently employed to purify several common antibiotics and can function for both large-scale production or in smaller proportions. With prepacked chromatography columns now available, acceptance is growing among end users, which include various industries such as pharmaceuticals and biotechnology, water and environmental, nutraceuticals, and analytical laboratories.
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According to a report by Transparency Market Research (TMR), the global market for prepacked chromatography columns had a valuation of US$1.6 bn in 2015, and rising at a healthy CAGR of 8.4% during the forecast period of 2016–2024, it is estimated to value US$3.3 bn by 2024.
Here are five factors that will sustain the market growth in the near future:
1. Rising Need for Purification of Biopharmaceuticals
Biological products utilized in applications such as research and development, diagnostics, pharmaceuticals, food, and cosmetics can be used as crude extracts with little or no purification done. However, biopharmaceuticals require exceptional purity, thereby making downstream process a critical component of the overall process. Screening and purification play an important role in the manufacture of biopharmaceutical drugs.
2. Government Support and Initiatives
Government organizations in countries such as the U.S., Canada, and Germany are increasing their investments, grants, and funds in order to develop and bring innovative products in the market, which would be useful in the development and manufacture of biopharmaceuticals and vaccines. These government investments and funding are likely to propel the prepacked chromatography columns market. In addition, increasing government funding for disease-related research drives the demand for purification during the research process.
3. Increase in Research Activities for Development of Drugs and Biologics
Innovation is important for businesses to maintain profitability and competitiveness. Research and development is a major component of innovation and an indicator of a company's strength in terms of expertise, skill, and knowledge-exchange environment, which enables it to gain a competitive edge. Currently, U.S.-based biopharmaceutical companies are employing biological processes to develop 907 medicines and vaccines to be used for over 100 diseases.
4. Rising Awareness through Conferences and Exhibitions
Several chromatography conferences and exhibitions, such as the World Congress on Chromatography 2016 in the Netherlands and BioProcess International Conferences and Expositions, are held across the globe. Speakers, authors, and key opinion leaders inform the industry about the importance of and growing demand for prepacked chromatography columns in various applications such as biopharmaceutical, research and development, pharmaceutical industry, etc.
Browse the full Press Release of Global Prepacked Chromatography Columns Market at: http://www.mrrse.com/global-prepacked-chromatography-columns-market
5. Growing Demand for Chromatography in Various Industries
Chromatography plays a significant role in the production of biopharmaceutical products. Additionally, prepacked chromatography columns are widely used in various other industries such as food, pharmaceutical, biotechnology, chemicals, agriculture, forensics, and research. It is used in the food industry for quality control, by separating and analyzing the additives, proteins, amino acids, preservatives, and vitamins. Column chromatography is a common and useful separation technique in organic chemistry that can be used in both large and small scale. It is also used in purification of several common antibiotics.
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