The major factors driving the growth of this market are increasing R&D investments in biotechnology and pharmaceutical industries and rising demand for monoclonal antibodies, insulin, and other pharmaceutical products.
The Preparative and Process Chromatography market is expected to reach USD 8.60 billion by 2023 from the estimated USD 5.89 billion in 2017, at a CAGR of 6.5%.
+ Market Dynamics
+ 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
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“Process chromatography type is expected to account for the larger market share in 2018.”
The preparative and process chromatography market is classified into process chromatography and preparative chromatography. The process chromatography segment is estimated to command the larger market share in 2018. This is mainly due to increasing production of vaccines and monoclonal antibodies in biotechnology and pharmaceutical industries.
“Biotechnology & pharmaceutical industries segment is expected to account for the largest share of the preparative and process chromatography market in 2018.”
The preparative and process chromatography market segmented into biotechnology & pharmaceutical industries, food & nutraceutical industries, and academic institutes. In 2018, the biotechnology & pharmaceutical industries segment is estimated to account for the largest market share. This is mainly due to the increasing demand for monoclonal antibodies and insulin.
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