The chromatography resin market is expected to witness CAGR of 8% during the forecast period owing to the advent of biosimilars and growing pharmaceutical & biopharmaceutical R&D activities for drug delivery applications. Further, chromatographic resins are used to purify and separate proteins and other bio-molecules in biotechnological, pharmaceutical, food industries.
In addition, Chromatography resins also have applications in commercial processes like water purification and environmental analysis. A rise in R&D investment is anticipated to enhance the need for chromatography, which is a crucial component of R&D operations in the pharmaceutical sector. According to Congressional Budget Office USA, the pharmaceutical industry spent USD 83 billion dollars on R&D in 2019.
Moreover, strategic measures like mergers and acquisitions, partnerships, etc. is further expected to drive the market. For instance, in April 2020, Bio-Rad Laboratories Inc. announced the acquisition of Celsee Inc., a company that offers instruments and consumables for the isolation, detection, and analysis of single cells.
Some of the major players operating in the market Cytiva Lifesciences, Bio-Rad Laboratories Inc., Sartorius AG, Generon IGS Inc, Tosoh Corporation, Bio-Works Technologies AB, Repligen Corporation, LAF-Biotechnology Ltd., JNC Corporation and Anatrace Products LLC.
Insights Presented in the Report
“Amongst type, natural category accounted for the majority share in the market”
Based on type, the market is classified into inorganic, natural, and synthetic. the natural segment accounted for a significant market share. This can be attributed to rising natural product consumption as well as the widespread use of size-exclusion chromatography and paper chromatography in various industrial applications. Key market drivers include the growing demand from the food and beverage industry as well as the pharmaceutical and medical sectors, which are expanding due to the increase in healthcare spending.
“Amongst application, pharmaceutical & biotechnology segment is expected to witness highest CAGR during the forecast period”
Based on application, the market is classified into pharmaceutical & biotechnology, academics & research, food & beverage, and others. The market for chromatography resin was primarily driven by the pharmaceutical and biotech segment. The expanding use of these resins in pharmacological procedures to synthesize the pure drug in massive quantities and to check the purified components for contamination is also an important factor for segmental growth.
“North America to witness significant growth during the forecast period”
For a better understanding of the market adoption of the chromatography resin industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, UK, Italy, Spain and Rest of Europe); Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), and Rest of World. North America is anticipated to see a significant CAGR increase during the forecast period owing to its extensively advanced pharma industry, rising end-use applications as well as the availability of a highly qualified workforce, and rising R&D investments in the R&D in the region. For instance, as per the State of U.S. Science and Engineering 2022, the United States spent $607.5 billion in R&D activity, with $101.1 billion (17%) of annual R&D spending classified as basic research of annual R&D spending on basic research.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Chromatography Resin Market
6. Chromatography Resin Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Type
8. Market Insights By Application
9. Market Insights By Technique
10. Market Insights By Region
11. Chromatography Resin Market Dynamics
12. Chromatography Resin Market Opportunities
13. Chromatography Resin Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Global Chromatography Resin Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global chromatography resin market were the three major steps undertaken to create and analyze the adoption of chromatography resin in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global chromatography resin market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the chromatography resin market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Chromatography Resin market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, and technique. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Chromatography Resin market. Further, we conducted factor analysis using dependent and independent variables such as various types, applications, and technique of Chromatography Resin. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisitions, business expansion, and product launches in the Chromatography Resin market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Chromatography Resin market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global chromatography Resin market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of offering and technique in the global chromatography Resin market.
The main objective of the Global Chromatography Resin Market Study
The current & future market trends of the global chromatography resin market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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