LONDON, Oct. 24, 2018 /PRNewswire/ -- The global process and preparative chromatography market is projected to register a CAGR of 6.5% during the forecast period.

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The process and preparative chromatography market size is expected to reach USD 8.60 billion by 2023 from the estimated USD 6.27 billion in 2018, at a CAGR of 6.5%. The major driving factors for this market include increasing demand for insulin and other biopharmaceutical products, high demand for omega-3 fatty acids, and rising awareness about advancements in process and preparative chromatography. Emerging economies such as India, China, and Brazil provide opportunity for the players operating in the process and preparative market. However, high cost of instrument and availability alternative techniques for purification and separation of pharmaceutical products are the major restraining factors for this market.

The biotechnology and pharmaceutical industries segment dominated the market in 2018.
Based on end user, the process and preparative chromatography market has been segmented into biotechnology and pharmaceutical industries; food and nutraceutical industries; and academic research laboratories.The biotechnology and pharmaceutical industries segment is estimated to account for the largest share of the overall market in 2018.

This is primarily attributed to the increasing research activities by pharmaceutical and biotechnological companies and the increasing research and production of monoclonal antibodies and insulin in these industries.

The process chromatography segment is estimated to grow at a rapid rate during the forecast period.
Based on type, the process and preparative chromatography market has been segmented into two segments, namely, process chromatography and preparative chromatography.Each segment has been further divided based on products and service.

During the forecast period, the process chromatography segment is estimated to register the higher growth rate in the overall process and preparative chromatography market. This is mainly due to the increasing production of monoclonal antibodies in biotechnology and pharmaceutical industries.

Asia Pacific is estimated to register the highest CAGR during the forecast period.
In this report, the process and preparative chromatography market is segmented into four major regional segments—North America, Europe, Asia Pacific, and the Rest of the World.The process and preparative chromatography market in Asia Pacific is projected to register the highest growth rate during the forecast period.

The growth in this market is primarily driven by the growing demand for process and preparative chromatography procedures in life sciences, biotechnology, and food & beverage sectors and the geographic expansion of major chromatography players in this market.

Breakdown of Profiles of Primary Participants:
• By Company Type - Tier 1 – 35%, Tier 2 – 22% and Tier 3 – 43%
• By Designation – C level – 15%, Director level – 32%, and Others – 53%
• By Region – North America – 34%, Europe – 25%, Asia Pacific – 23%, and Rest of the World – 18%

The major players in the process and preparative chromatography market include GE Healthcare (US), Merck KGaA (Germany), Danaher Corporation (US), Bio-Rad Laboratories (US), Thermo Fisher Scientific (US), Agilent Technologies (US), Novasep Holding S.A.S (France), Waters Corporation (US), Daicel Corporation (Japan), and Shimadzu Corporation (Japan).

Research Coverage:
The report analyses the process and preparative chromatography market on the basis of type, end user, and region.Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years.

In addition, the company profiles include the product portfolios, developments, and strategies adopted by prominent market players to maintain and increase their shares in the market. Market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output to remain successful in the market.

Key Benefits of Buying the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn, will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below mentioned five strategies for strengthening their market shares.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the process and preparative chromatography market
• Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the process and preparative chromatography market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the process and preparative chromatography market
• Market Development: Comprehensive information about emerging markets; Report analyzes the market for various process and preparative chromatography across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the process and preparative chromatography market

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