Membrane Chromatography Market is anticipated to grow at a double digit CAGR from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Membrane Chromatography Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global membrane chromatography market is estimated to be over US$ 100 Mn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030.
The continual growth of the biopharmaceutical industries has presented a bright prospect for the growth of global membrane chromatography market. Other factors such as benefits of using membrane chromatography as an alternative to conventional chromatography and increasing R&D expenditure are anticipated to contribute substantially to the growth of the global membrane chromatography market between 2019 and 2030.In order to facilitate the entire process of development of drugs, companies like Merck, Genentech and AstraZeneca have initiated cooperative efforts with institutions like University of Washington Department of Health Sciences, University of Washington Department of Medicine and others. The use of novel techniques like membrane chromatography plays a vital role in drug development, which is anticipated to further prosper in the coming years.
Increasing Demand for Biopharmaceuticals
Over the past decade, the global biopharmaceutical manufacturing has witnessed significant growth owing to several factors. High potency coupled with efficiency and fewer side effects assists biopharmaceuticals to treat diseases rather than merely treating the symptoms. Similarly, the broad spectrum application of biopharmaceuticals to treat several new diseases has been a major driving factor for the growing demand of biopharmaceutical worldwide. The application of membrane chromatography techniques to synthesize these pharmaceutical products have been crucial in contributing to the growth of the global membrane chromatography market.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Membrane Chromatography Market by Product (Consumable (Membrane Filter, Syringes, Column, Capsule & Cartridge), Accessories), Type (Ion Exchange Chromatography, Affinity Membrane, Hydrophobic Interaction) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/membrane-chromatography-market/4
Increasing Investment in the R&D Sector
Owing to the broad spectrum advantages of biopharmaceutical drugs over alternative pharmaceutical products, R&D investments in this sector have witnessed considerable increment over the past years. R&D investments are considered to be one of the major metrics for all biopharmaceutical companies, as it is essential in dictating the launch of new, advanced and effective products and ensures stable growth in the competitive landscape. The year 2017, witnessed a staggering investment of US$ 71.4 Bn on R&D by major pharmaceutical companies. Rising prevalence of several diseases globally has led biopharmaceutical industries to focus its research using membrane chromatography technology. Hence, providing a substantial growth opportunity for the global membrane chromatography
Limited Application in Large-scale Manufacturing to Restrain the Market
The limited application of membrane chromatography products in large-scale manufacturing of biopharmaceuticals and other pharmaceutical products is one of the major factors affecting the growth of the membrane chromatography market. Although membrane chromatography techniques have been proven an effective mode to obtain pure form of samples, but ineffective filtration precision when used in large-scale batch production of pharmaceutical products is anticipated to restrain the extensive growth of the market during the forecast period.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing adoption of biopharmaceutical products, continuously growing economy, and increasing burden of chronic diseases is anticipated to present a lucrative growth scenario for the membrane chromatography market in this region. Furthermore, improving healthcare facilities, coupled with growing number of biopharmaceutical companies in the region is expected to present an attractive growth prospect for the market in the coming years.
Major Players in the Membrane Chromatography Market
The prominent players in the global membrane chromatography market are Sartorius, GE Healthcare, Asahi Kasei, Danaher, Merck Millipore, Thermo Fisher Scientific, Cole-Parmer, Membrane Solutions and 3M Company among others.
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